Senior Procurement Partner - Waterloo, ON, Canada - Definity Financial Corporation

Description

We are seeking a highly motivated and skilled Procurement Sourcing Partner to join our dynamic team.

As a Sourcing Partner, you will be responsible for developing and executing sourcing strategies to ensure the availability of high quality services for our organization and customers.

Your role will involve conducting market research, identifying potential suppliers, facilitating RFx processes, negotiating pricing and contract terms, presenting to executives/steering committees, and managing relationships with key stakeholders .

The ideal candidate will possess strong analytical abilities, exceptional negotiation skills and a deep understanding of procurement practices.

a) analysis of vendors (RFx/competitive bid processes, data analysis, etc.); c) external market analysis, including analyzing purchasing trends; g) creating and delivering presentations to senior leaders and executives throughout the lifecycle of sourcing initiatives.

Contract Negotiations:

lead the negotiation strategy and/or support on contract negotiations with vendors to deliver value and savings to the organization.

Contract Management:

in partnership with Legal Services, act as the liaison between internal clients and vendors to resolve problems and or discrepancies, renew or terminate contracts, interpret terms and conditions and review and address contractual gaps.

Deliver robust and comprehensive agreements that mitigate organizational risk.

Project Management:
independently facilitates information gathering sessions with stakeholders and establishes reliable schedule for priority action items. Prepare and present regular reports on sourcing activities, supplier performance, cost savings, and other relevant metrics to senior management.

Conduct comprehensive market research and supplier evaluations to identify potential vendors and assess their capabilities, quality standards, and pricing models.

Analyze market trends, monitor industry developments and identify opportunities for cost savings, process optimization, and risk mitigation.
7-10 years' experience in a similar role within a corporate / business environment with direct experience in negotiating and drafting agreements
~ You have significant sourcing/procurementexperience in indirect spend categories with strong knowledge of procurement processes, sourcing strategies and contract management principles in one or more of the following areas: Experience with outsourcing and managed services is an asset
~ You are a solution oriented strategic thinker anddemonstrate analytical and problem-solving abilities, with a data-driven approach to decision-making
~ You have deep experience using a variety of procurement tools including dynamic sourcing tools, auctions, spend analytics, procure-to-pay, contract lifecycle management, vendor management and third-party risk management as well as proficient in the development of executive level presentation materials
~ You're a seasoned procurement professional with a full understanding of applicable legislation and industry best practices related to contract agreements
~ Your negotiation, presentation, facilitation, project management and planning expertise are second to none
~ You have a completed post-secondary education (university degree or public college diploma), CSCMP designation is an asset
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