Procurement Manager

2 months ago


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

About the Role:


This is a challenging opportunity for a skilled Procurement Manager to join our team at Company 1 - The Manufacturers Life Insurance Company.


We are seeking a highly motivated and experienced professional to lead our procurement activities, develop and implement strategic sourcing plans, and negotiate contracts to deliver value to our business.


The successful candidate will be responsible for managing cross-functional teams, influencing business partners, conducting market and baseline analysis, and developing sourcing strategies.


Key responsibilities will include:


Key Responsibilities:



  • Lead cross-functional teams to execute on high to medium value/complexity sourcing projects and contracting efforts.
  • Influence requirements from business partners necessary to evaluate and select suppliers.
  • Conduct baseline and market analysis, develop sourcing strategy and conduct contract negotiations.
  • Manage sourcing resources and engage subject matter experts in support of a specific set of commodities and/or a business line.
  • Provide sourcing thought leadership and day-to-day oversight of resource activities.
  • Be responsible for the accuracy of contract archives.
  • Read and interpret contract terms and accurately explain to stakeholders about risks, limitations and challenges with contract terms.
  • Track expirations of existing contracts and develop work plan for renewals, interact with legal and drafting teams to incorporate results of negotiations into contract documents.
  • Provide supporting analytics to finance team to validate realized savings.
  • Manage relations with key business partners and project owners to develop/maintain strong working relationships.
  • Support vendor managers in execution of business led initiatives as necessary.


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