Job Description
The Strategic Sourcing Group is responsible for creating, leading and coordinating the strategic sourcing and category management teams that drive the strategic procurement activities at Manulife. The Director, Strategic Sourcing is part of a shared services team of procurement subject matter experts that support a broad group of Category Owners/Managers in delivering on their procurement, contract and vendor related initiatives. Category Owners/Managers are responsible for specific spend categories such as IT outsourcing, business print, facilities, travel, etc.
The Director will lead cross-functional teams to execute complex and/or global sourcing events and category management initiatives. Services include guidance in developing procurement and vendor management strategies, project coordination of the RFP process, vendor evaluation and due diligence, negotiation and contracting and onboarding of new vendors. The incumbent is responsible for ensuring all sourcing activities are conducted in compliance with vendor management and procurement policies and best practices. The position will engage support from functional subject matter experts, such as legal, risk management, tax, etc., as appropriate.
Responsibilities:
Support Category Owners and Category Managers in development and execution of their category procurement strategies, including identifying, analyzing and championing cost and demand management opportunities to drive procurement value within the spend category.
Generate market intelligence and vendor assessment reports and leverage applicable information during the category strategy development and sourcing activities.
Lead cross-functional teams for sourcing events for a specific spend category (or group of categories).
Develop (or enhance) the underlying category Total Cost of Ownership (TCO) model and benefits tracking approach to be used during the sourcing event.
Create vendor analyses, using Manulife standard tools, to present potential vendors to the cross-functional sourcing team.
Lead the RFx process by developing the RFx from Manulife standard templates and distributing the RFx according to policies and procedures. Collect data and information necessary to define Manulife's requirements for the RFx, Develop RFx summaries and vendor evaluation matrices, using Manulife standard templates, for the cross-functional sourcing team to evaluate vendor responses.
Engage and coordinate functional subject matter experts, such as legal, tax, risk management, etc., in support of procurement initiatives.
Execute assigned tasks for the category implementation plans across multiple dimensions, including, but not limited to, category strategy, contract development and implementation, and vendor relationship improvement programs.
Desired Skills & Experience
8+ years of progressive experience in procurement, contract management and/or vendor management roles; including, solid knowledge of procurement, vendor management and contract best practices, processes and tools.
Undergraduate degree in Business, Finance, Accounting, Law or related field is required. Graduate degree is preferred.
Professional designation (e.g. CA, CMA, CGA, CPA) is highly desired.
Demonstrated understanding of key commercial risks in procurement.
Effective negotiation and influencing skills. Interacts in ways that gain acceptance and commitment to desired outcomes; influences opinion of and resolves conflict with others with and without direct authority; persuasive negotiator.
Proven Innovator; including, experience identifying and implementing change management and business process transformation; consistently challenges the status quo; takes balanced risk to promote growth of ideas; comfortable in high pressure environments.
Demonstrated track record of delivering results and meeting deadlines; including, exercising time management, multitasking, and project management skills.
Team builder - builds strategic partnerships with internal clients and vendors; able to lead cross-functional teams; builds buy-in and engagement with key stakeholders, shares resources and leverages knowledge across the organization; builds and nurtures an extensive network, strong customer service orientation.
Excellent communication skills including the ability to develop and foster relationships with internal and external Stakeholders as well as direct and indirect reports.
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Email: jobs@aarenconsultants.in
