Specialist - Strategic Sourcing

Sun Life

1d

About The Position

The Senior Sourcing Specialist provides sourcing support for lower-spend, tactical purchases across Asia and Canadian business, Corporate, and IT spend categories. Categories may include group insurance and operations services, consulting, human resources, marketing, communications, finance services, software, IT services, and IT hardware or products. The role identifies and manages relationships with internal stakeholders and manages the execution of sourcing processes.

The specialist supports clients with deal governance requirements, including third-party risk management, AML screening, and financial viability checks. The role focuses primarily on high-volume, low-risk engagements and prompt turnaround, while leading clients through sourcing, contract negotiation and execution, risk and governance support, and approvals. It also assesses and resolves procurement issues and supports continuous improvement of procurement processes.

Requirements

• At least 5 years of relevant sourcing or procurement experience.
• Hands-on experience with data collection, cleansing, and analysis.
• Extensive expertise leading sourcing initiatives and processes and developing strategies, including deal management, contract review, and negotiations.
• Ability to work with internal stakeholders to drive the sourcing process.
• Comfort with ambiguity and uncertainty.
• Familiarity with vendor contract language.
• Understanding of general procurement challenges and solutions.
• Ability to work and align with internal legal counsel and governance stakeholders such as IT security and compliance.
• Experience creating project plans, managing to plans, communicating effectively, and engaging necessary stakeholders in projects.
• Excellent written and oral communication skills in English.
• Ability to make sound decisions using analysis, judgment, experience, and common sense.

Nice To Haves

• Experience with SAP Ariba Contracts and Sourcing Modules.
• Familiarity with third-party risk for financial services institutions.
• Effective client relationship management skills.
• Financial analysis skills, including advanced Excel skills.
• Confidence leading negotiations to conclusion.
• Ability to contribute independently and as part of a team.
• Drive for results and a sense of urgency.

Responsibilities

• Support and manage sourcing processes, primarily for high-volume, low-risk engagements, with a goal of prompt turnaround.
• Lead clients through sourcing, contract negotiations through execution, risk and governance support, and approvals.
• Assess, define, and resolve procurement issues, including contractual terms and conditions and escalations from internal stakeholders and suppliers.
• Apply project management concepts to planning and executing sourcing processes.
• Ensure governance processes and policies are followed and completed before final approval, considering legal, technical, financial, and regulatory compliance.
• Support clients with deal-related governance requirements, including third-party risk management, AML screening, and financial viability.
• Identify and manage relationships with key internal stakeholders.
• Contribute to continuous improvement of procurement processes.

What This Job Offers

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