Procurement Sourcing Partner(Indirect Category) New - Waterloo, Canada - Definity Financial Corporation

Definity Financial Corporation

Verified Company

Waterloo, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job

ID :
7350

Category :
Finance

Brand :
Definity

Regular/Temporary :
Regular

Fulltime/Parttime :
Full Time

Location :
Waterloo, Canada

Posting Range :
$55,800 - $102,800

Definity is the parent company to some of Canada's most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance.

Our ambition is to be one of Canada's leading and most innovative property and casualty insurers.

We can't do that without our people, so we embrace and encourage a culture that's collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with.

Bring your true self and be a part of our journey. It's better here.

What can you expect in this role?
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Strategic Sourcing: build and execute sourcing strategies that include; a) analysis of vendors (RFx/competitive bid processes, data analysis, etc.); b) financial reviews, cost comparisons; c) external market analysis, including analyzing purchasing trends; d) establishing category strategy; e) collaborating with internal stakeholders to understand business needs; f) liaising with external vendor partners; g) creating and delivering presentations to senior leaders and executives throughout the lifecycle of sourcing initiatives.
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Contract Negotiations: lead the negotiation strategy and/or support on contract negotiations with vendors to deliver value and savings to the organization.
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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.
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Relationship Management: developing and maintaining strong working relationships with internal stakeholders and external vendor partners. Collaborate with cross-functional teams to understand their requirements and provide guidance on sourcing options and identify strategic opportunities.
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Project Management: independently facilitates information gathering sessions with stakeholders and establishes reliable schedule for priority action items. Self-manage to ensure deliverables are completed within established timelines. Managing multiple priorities simultaneously. Prepare and present regular reports on sourcing activities, supplier performance, cost savings, and other relevant metrics to senior management.
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Category/Industry Knowledge: 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.

What do you bring to the role?

710 years' experience in a similar role within a corporate / business environment with direct experience in negotiating and drafting agreements
You have significant sourcing/procurement experience in
indirect spend categories with strong knowledge of procurement processes, sourcing strategies and contract management principles in one or more of the following areas
:Marketing, Professional Services, Insurance Operations. Experience with outsourcing and managed services is an asset
You are an effective communicator, influencer and negotiator with strong interpersonal skills
You are a solution oriented strategic thinker and demonstrate analytical and problemsolving abilities, with a datadriven approach to decisionmaking
You have deep experience using a variety of procurement tools including dynamic sourcing tools, auctions, spend analytics, procuretopay, contract lifecycle management, vendor management and thirdparty 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 are highly organized with an attention to detail and have the ability to work effectively in a fastpaced environment, prioritize tasks, and meet deadlines.
You have a completed postsecondary education (university degree or public college diploma), CSCMP designation is an asset
Insurance and/or Financial industry experience would be beneficial but is not required

What's in it for you?