Sourcing Manager

1 month ago

Kitchener, Ontario, Canada Manulife Full time
Job Description

Manulife is seeking a highly skilled Sourcing Manager to join our team. As a key member of our procurement team, you will be responsible for leading cross-functional teams to execute on high to medium value/complexity 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 (such as legal, risk and finance) 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.
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 and expertise with supplier contractual terms and conditions to mitigate legal and business risk.
  • Experience with sourcing and procurement systems and tools (e.g. Ivalua).
  • Solid analytical skills.
  • Nice to have experience in the Financial and Insurance space.
  • Undergraduate degree (business or Finance preferred).
Decision Authorities:
  • Responsible for high to medium value negotiation and contracting activities to deliver savings and value consistent with business objectives and priorities.

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