Procurement Director
1 week ago
About the Role:
The Managing Director, Procurement will be responsible for leading the procurement function at CAPREIT, ensuring the acquisition of goods and services through a competitive, fair, and transparent process. This role will establish the direction, goals, and priorities for all purchasing initiatives and programs, aligning with corporate governance and best practices.
Key Responsibilities:
- Develop and maintain a national procurement strategy to ensure the acquisition of goods and services through a competitive, fair, and transparent process.
- Set purchasing policy and oversee the entire lifecycle of sourcing and procurement projects, ensuring appropriate approvals are applied consistently.
- Accountable for corporate procurement controls and work closely with Insurance, Compliance, and Audit as required.
- Lead a procurement team of over 35 individuals using best-in-class management standards and a culture of continuous improvement and collaboration.
- Support the use of software tools such as Capex tracker and Dashboards to manage project milestones and future software initiatives.
- Identify opportunities and capture significant savings across categories, including equipment, major capital work, building services agreements, and property services.
- Develop clear reporting, tracking tools, reports, and analysis to drive data-based decision making and transparency.
- Maintain knowledge of the market, including current prices and fair rates for goods.
- Provide strategic national supplier base management, including on-boarding, supplier selection, negotiations, and supplier relationship/performance management.
- Monitor, review, and analyze bids and quotes with suppliers, including the negotiation of service agreements and contracts.
- Develop, communicate, and administer procurement team performance, succession, and development plans, as appropriate.
- Serve as the primary contact for procurement-related questions, training, policy, and procedure interpretation and alignment by all departments.
Qualifications:
- Bachelor's degree in business or a related field.
- 10 years of multi-residential/construction procurement experience, with at least 3 years of supervisory experience.
- Results-oriented, metrics-driven leader with expertise in purchasing, supplier collaboration, development, and compliance.
- Experience with sourcing and procurement and building a vendor program.
- Solid analytical and computer skills.
- Approachable and collaborative personality, supplemented by a positive attitude.
- Outstanding team building and leadership skills.
- Experience in managing budgets, planning, forecasting, and process improvement.
- Strong knowledge of contract language and law.
- Ability to think strategically and drive changes for clarity and efficiencies.
- Exceptional interpersonal and executive communication skills, with the ability to work well in a diverse, fast-paced team environment.
- Excellent communication skills, including the ability to communicate effectively both verbally and in writing through presentations and individual discussions with all levels of the organization.
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