Sourcing Manager

1 week ago

Toronto, Ontario, Canada Company 1 - The Manufacturers Life Insurance Company Full time

About the Role

We are seeking a highly skilled Sourcing Manager to join our team at Company 1 - The Manufacturers Life Insurance Company. As a key member of our procurement team, you will be responsible for leading cross-functional teams to execute high to medium value sourcing projects and contracting efforts.

Key Responsibilities

  • Develop and implement sourcing strategies to meet business objectives and priorities.
  • Conduct baseline and market analysis, develop sourcing strategy, and conduct contract negotiations.
  • Manage sourcing resources and engage subject matter experts to support commodity and business line initiatives.
  • Provide sourcing thought leadership and day-to-day oversight of resource activities.
  • Ensure the accuracy of contract archives and interpret contract terms for stakeholders.
  • Track expirations of existing contracts and develop work plans for renewals.
  • Support vendor managers in executing business-led initiatives.

Requirements

  • 6+ years of progressive business experience in global sourcing and/or vendor management and/or contract management.
  • Good knowledge of sourcing and procurement principles and best practices, including RFPs/RFQs.
  • Experience with supplier contractual terms and conditions to mitigate legal and business risk.
  • Experience with sourcing and procurement systems and tools.
  • Solid analytical skills.
  • Nice to have experience in the Financial and Insurance space.

Decision Authorities

  • Responsible for high to medium value negotiation and contracting activities to deliver savings and value consistent with business objectives and priorities.

About Us

Company 1 - The Manufacturers Life Insurance Company is a leading international financial services group that helps people make their decisions easier and lives better. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions.

What We Offer

We offer a competitive salary range of $84,375.00 CAD - $151,875.00 CAD, depending on location. Eligible employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. We offer a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans.

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