Contract Optimization Specialist

**Job Posting**: Contract Optimization Specialist** **Location: Brampton, ON** **This is a full-time permanent position based in Brampton, ON, working hours are 9am to 5pm. It** **allows for flexible work from home arrangements to provide work-life-balance to employees as needed.** **Where YOU work, makes a difference.** Life is precious and every moment matters. Dynacare is helping Canadians achieve a healthy future with care and wellness solutions that are convenient, understandable, and accessible. When you join our team, every day is an opportunity to get better and be inspired. It’s an environment where you can grow your career in any direction you choose. We’re evolving our technology and optimizing our processes, so you can do your best work, make a meaningful impact, and _thrive_. **Why Dynacare is an amazing place for YOU**: - Join an award-winning "Top Employer" with meaningful and impactful career opportunities. - Access a health and wellness benefits program that supports you and your loved ones. - Grow and thrive with a dynamic, successful company through internal mobility opportunities. - Invest in your future through RRSP match benefits and an employee stock purchase program. - Experience a collaborative, diverse workforce that prioritizes dignity and respect for all. **Are YOU our next Contract Optimization Specialist?** As the **Contract Optimization Specialist,** you will focus on optimizing contractual agreements and ensuring efficiency in various aspects of operations, aligning well with the responsibilities outlined. You will convey a strategic emphasis on making improvements and efficiencies within the contracts and procurement domain. **How YOU will make a difference**: - Manage vendor contracts to ensure favorable terms, monitoring compliance and resolving issues. - Develop strategies for maximizing rebate recovery from suppliers, analyzing and negotiating programs for optimal financial returns. - Identify and implement opportunities to enhance material yield, collaborating with suppliers and internal teams for optimized metrics. - Utilize spend data analysis to assess organization spend, contract performance, identify improvements, and establish key performance indicators (KPIs). - Collaborate with cross-functional teams, including procurement, finance, and suppliers, implementing continuous improvement practices for efficiency. **Contract Management** - Monitor contract performance and compliance. - Collaborate with sourcing, operations, and legal teams to resolve contractual compliance issues. **Rebate Optimization** - Develop Strategies to maximize rebate recovery from supplier. - Analyze rebate programs and help negotiate terms to optimize financial returns. - Collaborate with suppliers and internal stakeholders to ensure accurate rebate calculations. **Material Yield Improvement** - Identify opportunities to improve material yield in procurement processes. - Collaborate with suppliers and internal teams to implement yield optimization initiatives. - Monitor and report on material yield metrics and improvements. **Spend **Analytics** - Conduct spend analysis to identify cost-saving opportunities, analyze procurement patterns in different categories, and inform strategic decision-making. - Utilize data analysis to assess contract performance, identify trends, and make informed decisions. - Implement key performance indicators (KPIs) to measure and track contract optimization and material yield improvement. **Stakeholder Collaboration** - Collaborate with cross-functional teams, including procurement, finance, legal, and suppliers. - Communicate effectively with internal and external stakeholders to ensure alignment on goals and strategies. **Continuous Improvement** - Proactively identify opportunities for process improvement in contract management, rebate recovery, and material yield. - Implement best practices to enhance efficiency and effectiveness. **What YOU bring to the role**: - Bachelor’s degree in business, Supply Chain Management, or a related field. - 5 years of experience in contract management, procurement, or a related role - Strong negotiation skills and attention to detail. - Analytical mindset with proficiency in data analysis tools. - Knowledge of rebate programs and strategies. - Familiarity with material yield optimization techniques in Operations. - Excellent communication and interpersonal skills. **DNA of an Ideal Dynacare Employee** I make a difference in people’s lives. I am a caring, collaborative team-player who is passionate about quality and continuous improvement. - Caring - I demonstrate strong empathy and genuine concern for my colleagues, patients, and customers - Collaborative Team Player - I know I play a key role in helping the Dynacare team achieve success. I am comfortable in a changing environment, and I can easily manage multiple priorities. - Passion for Quality and Continuous Improvement - I am always looking