Senior IT Procurement Analyst

illumin•Toronto, ON

7d•CA$90,000 - CA$110,000•Hybrid

About The Position

We have a newly created opportunity for a Senior IT Procurement Analyst. You will take ownership of the procurement of all software, hardware, services, and more for the organization. You will focus on developing and executing procurement strategies, managing vendor agreements, and driving cost efficiencies across all business units. As a skilled negotiator and analytical thinker, you will play a pivotal role in ensuring the organization receives maximum value while maintaining compliance and fostering strong supplier relationships. This is a full-time, hybrid position, working in our Toronto office on Tuesdays, Wednesdays and Thursdays.

Requirements

Experience in high-value procurement, preferably in a multi-departmental or enterprise-level company.
Experience working in a source-to-pay environment.
Proven negotiation track record and ability to lead complex discussions, securing favourable terms.
Expertise in optimizing procurement processes and driving efficiency.
Comfortable with various procurement tools and platforms, including ServiceNow.
Advanced proficiency in Excel and data analysis tools.
Insights into the services and support needed with hardware installation or software implementation.
Ability to negotiate group licensing agreements and leverage knowledge to reduce purchase price.
Curious and innovative, seeking new ways to increase efficiency.
Detail-oriented, organized, and adept at managing multiple priorities in a dynamic environment.
Ability to stay ahead of deadlines.
Thrive in a collaborative role and can work independently, taking ownership of deliverables.
Professional communication skills and the confidence to make counter offers, ask for discounts, and strongly advocate for the business.
Ability to build trusting, influential relationships with internal and external stakeholders.
Experience educating departments on procurement processes and systems.
Patience to guide the work of others and appreciate diverse backgrounds and perspectives.

Nice To Haves

Certified Professional in Supply Management (CPSM)
ITIL certified
Fluency in Spanish

Responsibilities

Lead procurement efforts across all departments, including IT, Marketing, HR, and Sales.
Act as the lead negotiator for high-value procurement initiatives, advocating for the company’s best interests, interpreting complex contracts and ensuring optimal pricing, terms, and conditions.
Collaborate with cross-functional teams to understand business requirements and provide strategic procurement insights.
Build vendor partnerships and evaluate performance, ensuring accountability to SLAs and contract terms.
Identify opportunities for cost savings and risk mitigation through strategic renegotiations and process improvements.
Oversee the entire lifecycle of vendor contracts, from drafting and negotiation to renewal and termination, ensuring compliance and value optimization.
Maintain a centralized repository for contracts and proactively manage expirations and renewals.
Analyze spending data to track trends, forecast needs, and achieve budget objectives.
Report on procurement KPIs, savings achieved, and key negotiation successes.
Develop company-wide procurement policies and workflows, ensuring alignment with organizational priorities.
Implement tools and technologies, such as ServiceNow's Procurement and Sourcing Operations product, to improve efficiency and transparency.
Ensure all procurement activities comply with applicable regulations and internal policies.
Mitigate risks associated with vendor contracts, supply chain disruptions, and procurement decisions.