Procurement Specialist

1 week ago

Vancouver, Canada BC Financial Services Authority Full time

Posting Title Procurement Specialist
Department: Corporate Services & Transformation
Full/Part Time: Full Time

**Job Type**: Permanent
Location: Vancouver
Work Arrangement: Hybrid
Salary Range: $71,397.00 - $104,693.00
Close Date: July 1, 2024

**Job Summary**
BC Financial Services Authority (“BCFSA”) helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. ’s financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province.
We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we are committed to:

- Hiring team members who represent the population we serve;
- Removing barriers that may prevent equitable employment; and
- Supporting respectful work environments where everyone feels included and able to produce excellent results.

BCFSA is proud to be Great Place to Work Certified. This is based on direct feedback from our Team Members. Our organization has also been selected as one of BC's Top Employers (2024) in recognition of our competitive compensation, work-life balance, and progressive programs.

**WHAT WE OFFER**:
When you join us, you become part of a high-performing team. Here, each Team Member can bring their unique talent to make outstanding contributions as we work towards the common goal of protecting British Columbians during the most important financial transactions in their lives. We offer:

- Healthy living and work-life balance
- Comprehensive health and wellness benefits plan
- Opportunities for personal and professional development
- Competitive compensation
- A challenging and engaging team environment
- Defined benefits pension plan which provides guaranteed income for life
- Flexible work arrangement for eligible positions
- Our team members enjoy the flexibility of a hybrid work model. They can choose every day where they want to work to be the most effective, from the comfort of their home to our beautiful office in downtown Vancouver. (Eligibility may vary, depending on position).

**SUMMARY**

The Procurement Specialist is responsible for procurement activities, including vendor relationship management, contract management, purchase order issuance and procurement compliance oversight.

This role ensures BCFSA achieves the best value in purchasing goods and services under a specific threshold in accordance with BCFSA’s procurement policies, procedures and industry best practices, contributing to the organization’s mission to promote confidence in British Columbia's financial services sector by providing risk-based and proportional regulation and protecting the public.

**ACCOUNTABILITIES**
- Engages with internal stakeholders to determine procurement needs and specifications.
- Research suppliers for goods and services, evaluates alternatives to determine what options best meet the organization’s needs.
- Issues purchase orders and supply contracts in accordance with BCFSA’s procurement policies and procedures.
- Negotiates best pricing, terms, and delivery options for each purchase.
- Tracks order progress from placement through to delivery.
- Resolves issues associated with order discrepancy, and product or service quality.
- Communicate with stakeholders and convey procurement policies and procedures to stakeholders at all levels within the organization.
- Works collaboratively with stakeholders during the planning, contract execution and vendor evaluation phases to accurately understand and meet their procurement needs.
- Identifies and implements best practices in procurement processes, contributing to ongoing improvement and efficiency of BCFSA’s procurement processes.
- Drives the adoption of strategies and best practices that enhance the effectiveness procurement function as the decision maker. Open to use new technologies and methodologies to foster a culture of continuous improvement (e.g. Kaizen, Six Sigma, Total Quality Management)
- Promotes fair and transparent procurement practices, maintains confidentiality, and avoids conflicts of interest to uphold the integrity of the supply chain processes.
- Assesses and manages risks associated with procurement activities, ensuring compliance with procurement policies and procedures, and regulatory requirements.

**JOB REQUIREMENTS**
- A minimum of 3 years of relevant experience in procurement, supply chain management, business administration, or a related field.
- Excellent analytical, organizational, and communication skills.
- Proficiency with Microsoft Office Suite required.
- Experience with ERP software, particularly in procurement modules, is highly desirable.
- Demonstrat

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