Strategic Sourcing Specialist

2 weeks ago

Gurugram, India Sun Life Full time

Strategic Sourcing Specialist


Role Summary:

  • sourcing value in the focused execution of category management strategies for the Canadian business, Corporate, and IT spend categories (including, but not limited to, group insurance and operations services, consulting, human resources, marketing, communications, real estate, finance services, Software, IT Services, IT Hardware/Products).
  • create and manage relationships with key internal stakeholders.
  • and actively lead the execution of the strategic sourcing process.
  • with meeting defined savings and cost reduction targets within the category.
  • the execution of the strategic sourcing process.
  • with meeting defined savings and cost reduction targets within the category.
  • on the continuous improvement of various procurement processes.
  • and develops new supply sources.
  • required monitors the cost, schedule and scope aspects of assigned subcontracts to assure best quantity and quality at best value.


What you will do?

Support and manage the sourcing process for primarily

Lead project teams through the sourcing process including but not limited to design and development of engagement strategies, contract negotiations through to contract execution, and RFXs.

Assess, define and resolve procurement issues including contractual terms and conditions and escalations by internal stakeholders and suppliers.

Apply risk management expertise in executing sourcing strategies.

Apply project management concepts to the planning and execution of the sourcing process.

Drive and promote compliance for best-in-class procurement practices for specific spend categories

Perform market analysis and spend analysis leveraging all available data sources - accounting, purchasing, payment systems, suppliers, market trends etc. to provide insight into opportunities for savings and efficiencies.

Ensure all related governance processes/policies are adhered to and completed prior to final approval to ensure the acquisition is done in the best interest of the company (legal, technical, financial, regulatory compliance).


What you need to succeed:

3+ years sourcing/procurement experience.

Proven and extensive expertise leading sourcing initiatives, processes and developing strategies (i.e. deal management, contract review and negotiations, RFX, etc.)

Proven skills and ability to work with internal stakeholders to drive the process

Comfort with ambiguity and uncertainty

Familiarity with vendor contract language, purchasing systems, eProcurement and eSourcing systems would be an asset but not required

Understanding of general procurement challenges and solutions

Proven ability to work and align with internal legal counsel and other governance stakeholders such as IT security, compliance, etc.

Role will require both independent contribution as well as team involvement and collaboration



Preferred skills:

Effective client relationship management skills are critical in this role.

Requires comfort with ambiguity and uncertainty.

Financial Analysis skills, included advanced Excel skills.

Confidence in ability to lead negotiations to conclusion.

Proven ability to work with internal legal counsel and other stakeholders such as security and compliance.

Role will require both independent contribution as well as team involvement.

Demonstrates a drive for results and sense of urgency.

Excellent communicator - both written and oral communication in English.

Must have experience creating project plans, managing to plans, communicating effectively and engaging necessary stakeholders in projects as required.

Makes good decisions based upon a mixture of analysis, common sense wisdom, experience and good judgment.


Assets:

Familiarity with purchasing systems, eProcurement and eSourcing systems.

Familiarity with third party risk for Financial Service Institutions.

Supply chain and/or procurement certification

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