Full-Time

Sourcing Manager

Posted on 10/25/2024

Manulife Financial

Manulife Financial

10,001+ employees

Provides insurance, investment, and retirement solutions

Data & Analytics
Financial Services

Compensation Overview

CA$84.4k - CA$151.9kAnnually

+ Incentive Compensation

Mid, Senior

Toronto, ON, Canada

Hybrid position.

Category
Human Resources
People & HR
Requirements
  • Sourcing experience in any of the following categories is an asset: business print, professional services, business process outsourcing or contact center
  • Proven experience in delivering large savings and value in a procurement function
  • Undergraduate degree (business preferred)
  • MBA and/or industry certifications such as NISCL – SCL, CSCMP, CPSM is an asset
  • 6+ years of progressive business experience in procurement or strategic sourcing
  • In-depth knowledge of sourcing and procurement principles and standard methodologies
  • Knowledgeable in Ivalua is an asset
Responsibilities
  • Lead cross-functional teams to complete medium to high value/complex sourcing projects and contracting efforts
  • Conduct in-depth analysis (pricing and contractual), determine sourcing strategy, and complete sourcing projects (such as RFx, single/sole sourcing, renewals, amendments)
  • Leverage market and supplier intelligence for development of sourcing and negotiation strategies
  • Work with business partners to collect and finalize requirements vital to evaluate and select suppliers
  • Drive and lead the negotiation process, with consultative support, as the need arises, from business, legal and risk
  • Proactively coordinate and schedule meetings with external resources and internal subject matter experts
  • Independently provide leadership and support to a team of indirect reports on sourcing projects

Manulife provides a variety of financial services, including life and health insurance, wealth management, and retirement solutions. Their products help individuals, businesses, and institutions manage financial risks and grow their wealth. Manulife generates revenue through premiums from policyholders, fees for managing assets, and investment income. The company uses advanced analytics and technology to offer personalized services, setting it apart from competitors. Manulife's goal is to assist customers in achieving their financial dreams and aspirations while fostering a supportive work environment for its employees.

Company Stage

IPO

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Manulife's strong financial performance, as evidenced by a 6% increase in core earnings, indicates robust growth potential and stability for employees.
  • The company's focus on innovation and technology, such as the rollout of GenAI, provides opportunities for employees to work on cutting-edge projects.
  • Manulife's global reach and diverse client base offer employees exposure to international markets and varied professional experiences.

What critics are saying

  • The financial services industry is highly competitive, with potential threats from both traditional and fintech companies that could impact Manulife's market share.
  • Regulatory changes across different regions could pose compliance challenges and affect Manulife's operations.

What makes Manulife Financial unique

  • Manulife's integration of GenAI in contact centers showcases its commitment to leveraging advanced technology for enhanced customer service, setting it apart from traditional financial service providers.
  • The company's global presence across North America, Asia, and Europe allows it to tap into diverse markets, providing a competitive edge over regional players.
  • Manulife's comprehensive suite of services, including insurance, wealth management, and retirement solutions, offers a one-stop-shop for clients, unlike competitors who may specialize in only one area.

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