Procurement Specialist

Sun Life

13d

About The Position

As a key contributor to the India Procurement team, you are passionate about delivering an exceptional tactical procurement experience for your business partners across the India region. You will manage the end-to-end procurement lifecycle, strengthen vendor relationships, and support diverse business needs through agile purchasing strategies. Your role is critical in ensuring cost-effective acquisitions and RFQ excellence while maintaining strict compliance with global company policies.

Requirements

• Minimum of 5 years of tactical procurement experience, ideally supporting India and regional (ASIA) stakeholders.
• Hands-on experience in RFQ creation, analysis, and summarization.
• Solid understanding of the PR-to-PO lifecycle and receiving processes.
• Proficiency in Procurement platforms—ideally SAP Ariba.
• Advanced MS Office Suite skills (specifically Excel for bid analysis and PowerPoint for reporting).
• Ability to break down complex quotes and identify hidden costs.
• Strong oral and written communication skills to manage regional stakeholders and global vendors.
• Ability to work independently, exercise sound judgment, and prioritize tasks in a fast-paced environment.

Nice To Haves

• Sourcing
• Negotiation
• Stakeholder management
• Vendor management
• contracting
• MS Word intermediate
• Familiarity with legal contract terms and conditions.
• Use of AI tools for leveraging market analysis.
• Data analysis and other areas in procurement

Responsibilities

• Manage the complete "Requisition to Purchase Order" (P2P) process across multiple categories for our Asia-based stakeholders.
• Drive the RFQ (Request for Quotation) process, including creation, vendor selection, and detailed summarization of bids.
• Analyze quotes from a Total Cost of Ownership (TCO) perspective and validate pricing to ensure the best value is secured for the organization.
• Lead negotiations on pricing, delivery timelines, and favorable terms and conditions in alignment with corporate financial goals.
• Handle vendor onboarding, monitor performance metrics, and act as the primary point of contact for issue resolution within the Asia region.
• Process purchase requisitions (PRs) with high accuracy; assist Accounts Payable and business owners with invoice reconciliation and payment disputes.
• Understand and effectively manage the needs and expectations of business stakeholders.
• Ensure all spend adheres to internal procurement policies and audit requirements.
• Monitor procurement budgets, identify cost-saving opportunities through spend analysis, and implement process improvements to enhance team productivity.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed