Intact Financial Corporation

Procurement Advisor

Intact Financial Corporation$74K — $91K *
Enterprise Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Post secondary education in Business Administration, Finance, or related field; CPP designation is a plus.
  • Experience managing multiple contract lifecycles with a strong track record of value delivery.
  • Proficiency in Microsoft Excel and analytical skills in critical thinking and problem solving.
  • Ability to manage multiple priorities effectively and efficiently.
  • Comprehensive understanding of strategic sourcing and current contracting practices, including privacy and data protection.
  • Bilingualism is required for candidates located in Quebec; must interact regularly with English-speaking colleagues.

Responsibilities

  • Oversee IT contracts focusing on expanding capabilities in Canada and globally.
  • Utilize risk assessments and market analysis for vendor relationship evaluations and negotiations.
  • Manage contract lifecycle to ensure compliance with corporate governance and policies.
  • Draft amendments using pre-approved templates and administer contracts throughout their lifecycle.
  • Identify and escalate contract-related risks to align with business needs.
  • Cultivate networks with suppliers, partners, and colleagues across multiple functions and geographies.
  • Contribute to procurement continuous improvement initiatives.

Benefits

  • Annual bonus plan with potential payout of up to double the target based on performance.
  • Employee Share Purchase Plan (ESPP) with company contribution matching 50%.
  • Flexible pension options, including a defined benefit plan that offers guaranteed income for life.
  • Healthy work-life balance encouraged by a 35-hour workweek.
Full Job Description
Salary range (but not limited to): 74,800 - 91,400 Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance): 7.5% As part of our commitment to Win As A Team, we share our success with employees through our annual bonus plan and Employee Share Purchase Plan (ESPP) - with Intact matching 50% of your net shares. Our pension offerings provide flexibility and long-term security for our employees beyond their careers. We are one of the few companies offering the opportunity to receive guaranteed income for life via our defined benefit pension plan. Salary for the candidate will be determined taking into consideration a number of factors including: experience, skills, qualifications, anticipated contribution to role, internal equity, etc. The salary range presented above is based on a 35-hour workweek and would represent a majority of different candidate profiles. However, we encourage candidates who may fall outside of this range to apply as well. About the role We're looking for a Procurement Advisor to join our growing team! Join our team of IT Procurement Professionals, where you'll play an instrumental role in driving business growth within a culture that champions collaboration, innovation, and commitment to making a meaningful impact on customers, employees, and communities. Leverage your sourcing, strategic thinking and business skills to expertly manage the contract lifecycle, cultivate strong cross-functional partnerships across diverse functions and locations, and enhance both personal and shareholder value. What you'll do here:
  • Oversee a portfolio of business and technology team contracts with a focus on expanding the IT footprint / capabilities both in Canada and globally.
  • Utilize a risk-based approach and market analysis to evaluate the relevant business, security, and legal requirements for each vendor relationship, and engage in negotiations to address needs and mitigate identified risks.
  • Oversee and manage the contract lifecycle (new, renewal, perpetual, etc.) to ensure compliance with corporate policies and governance, while leveraging expertise from cross-functional stakeholders
  • Assess the contractual hierarchy framework, draft minor amendments using pre-approved legal templates, and administer contracts throughout their lifecycle.
  • Identify and escalate risks related to contracts and Third-Party Vendors, aligning with business needs and enhancing shareholder value.
  • Cultivate cross-functional relationships and networks with suppliers, business partners, colleagues, and leaders across different functions, divisions, and geographic locations.
  • Contribute to the execution of procurement continuous improvement initiatives.
Who you are:
  • Strategic Thinker - You are not afraid to challenge the status quo, balancing assertiveness, tact, business acumen, and diplomacy.
  • Fast learner - You thrive in a customer-centric, dynamic, and ever-evolving environment.
  • Design and business acumen - You comprehend business requirements beyond what is written and understand how your technical contributions will impact business processes.
  • Along with an in-depth understanding of the contractual framework, you have a broad knowledge of technology use from an operational standpoint.
  • You exhibit an entrepreneurial spirit that establishes credibility, and fosters repeat business for Procurement.
What you bring to the table:
  • Post secondary education in Business Administration, Finance, professional designation such as CPP (an asset), or related field .
  • Experience managing multiple contract lifecycles simultaneously, with a proven track record of delivering value.
  • Strong Microsoft Excel skills and analytical skills in critical thinking, decision-making, problem solving, and attention to detail.
  • Be a team player.
  • Proven experience at managing multiple priorities simultaneously.
  • Comprehensive understanding of strategic sourcing principles and the capability to leverage this knowledge to implement projects and enhance strategies.
  • Must be able to adapt quickly to a changing environment and remain informed about the latest contracting practices regarding privacy, data protection, and market trends.
  • Must possess a personable, effective, and confident manner, with the ability to influence a diverse group of stakeholders.
  • For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues and external vendors across the country.
  • No Canadian work experience required however must be eligible to work in Canada.
#LI-Hybrid Ce poste jouera un rôle essentiel au sein de notre équipe. | This position will fill an essential role in our team.

About Intact Financial Corporation

Intact Financial Corporation is a Canadian insurance company that provides property and casualty insurance to individuals and businesses. The company operates in Canada and the United States and offers a range of insurance products, including auto, home, and commercial insurance. Intact Financial Corporation was founded in 1809 and is headquartered in Toronto, Canada.
Learn more about Intact Financial Corporation
Size
16,000 employees
Industry

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