Sourcing Analyst/procurement Specialist
4 weeks ago
**Job Title**: Sourcing Analyst / Procurement Specialist
**Location**: Toronto, ON M5B 2L7 (Hybrid - 2 days in office weekly)
**Duration**: 12 months
**Contract Type**: T4
**Pay Rate**: CA$40.56/Hour
**Role Responsibilities**:
- Collaborates with internal and external stakeholders to deliver on business objectives.
- Prepares preliminary Project Opportunity Strategies/ Deal Summaries
- Executes work to deliver timely, accurate, and efficient service.
- Conducts analysis and develops insights and recommendations that are actionable in alignment with project/program goals.
- Conducts market research and benchmarking activities
- Gathers and formats data into regular and ad-hoc reports, and dashboards.
- Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.
- Perform spend analysis utilizing Spotfire dashboards as required
- Prepare Data for customized reports for Middle Office Management
- Identifies areas of opportunity through analyses of industries and supply markets, cost models for products and services, supplier category spend, and the performance of key suppliers in the market.
- Incorporates market leading process and practices, to mitigate risk, to drive innovation and to maximize overall value for assigned sourcing categories and portfolios.
- Prepares project plans and keeps key stakeholders informed of the process and progress.
- Manage multiple programs/projects simultaneously and resolve conflicting priorities and objectives.
- Designs and produces regular and ad-hoc reports, and dashboards.
- Maintains knowledge of leading sourcing practices and promote adoption of sourcing standards.
- Organizes work information to ensure accuracy and completeness
- Continuously upgrade knowledge on event and sourcing methodologies with a specific focus on strategic category development.
- Effectively communicate key messages/recommendations/results to all managerial levels.
- Provides input into the planning and implementation of operational programs.
- Focus may be on a business/group.
**Must Have Skills**:
- Vendor sourcing background
- Experience with vendor contractors (creating and negotiating)
- Relevant strategic sourcing, supply chain and/or procurement work experience
- Knowledge of sourcing/procurement processes, procedures, and controls
- Knowledge of business analysis, project delivery practices and standards across the project lifecycle
- Able to network and manage vendor relationships
- Able to prioritize and manage time efficiently
- Able to lead discussions and excellent communication skills (written, verbal)
- Excel and spreadsheet analysis
- Has experience in compiling, synthesizing and drawing insights from a variety of research sources
- Analytical and problem-solving skills
**Nice to Have Skills**:
- Marketing background (media, digital, promotions, sponsorships)
- Competitive vendor sourcing experience
- Knowledge of relevant risk and regulatory requirements
- Knowledge of Sourcing in Financial Services or Technology industries
- Financial Services, Financial or Cost Management experience
- Technically inclined
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