Strategic Sourcing Manager in North York, ON

$80K - $100K(Ladders Estimates)

Sun Life Financial   •  

North York, ON M6A 1B8

Industry: Finance & Insurance


5 - 7 years

Posted 53 days ago

Job Description:

About the role:

Lead the development of category strategies within the Information Technology spend category (including but not limited to software, hardware, SaaS and hosted solutions, telecom and IT professional services) Including:

  • Leadership and focused execution of category management strategies
  • Identify, create and manage relationships with key internal stakeholders
  • Manage the execution of the strategic sourcing processes
  • Negotiate commercial and contract terms with suppliers
  • Assist with meeting defined savings and cost reduction targets within the assigned category

What you will do?

  • Lead and manage the sourcing process for primarily high visibility, high risk, high spend initiatives
  • Lead project teams through the sourcing process including but not limited to the design and development of RFXs, engagement strategies and contract negotiations through to contract execution
  • Assess, define and resolve procurement issues including contractual terms and conditions and escalations by internal stakeholders and suppliers
  • Apply risk management expertise in executing sourcing strategies
  • Apply project management concepts to the planning and execution of the sourcing process
  • Perform market analysis and spend analysis leveraging all available data sources - accounting, purchasing, payment systems, suppliers, market trends etc. to provide insight into opportunities for savings and efficiencies
  • Ensure all related governance processes/policies are adhered to and completed prior to final approval to ensure the acquisition is done in the best interest of the company (legal, technical, financial, regulatory compliance)
  • Create strategy documents and present for sourcing opportunities

What you need to succeed:

  • Extensive sourcing and category management experience, including experience leading sourcing initiatives and projects, identifying savings opportunities and driving change; contract review and understanding of typical contract terms is a MUST
  • 5+ years sourcing experience
  • Experience in sourcing and contracting for the information technology categories (ie. Hardware, software, telecom, SaaS, IT professional services, etc.)
  • Proven sourcing leadership skills and ability to work with internal stakeholders to drive the process
  • Expertise in Sourcing strategies (ie. RFX, Price-to-Play, etc.) and the development of negotiation strategies

Preferred skills:

  • Effective client relationship management skills are critical in this role
  • Requires comfort with ambiguity and uncertainty
  • Financial Analysis skills, included advanced Excel skills
  • Confidence in ability to lead negotiations to conclusion
  • Proven ability to work with internal legal counsel and other stakeholders such as security and compliance
  • Role will require both independent contribution as well as team involvement
  • Demonstrates a drive for results and sense of urgency
  • Excellent communicator - both written and oral communication
  • Must have experience creating project plans, managing to plans, communicating effectively and engaging necessary stakeholders in projects as required
  • Makes good decisions based upon a mixture of analysis, common sense wisdom, experience and good judgment


  • Familiarity with purchasing systems, eProcurement and eSourcing systems
  • Familiarity with third party risk for Financial Service Institutions
  • Supply chain and/or procurement certification

What's in it for you:

  • Competitive salary and bonus structure influenced by market range data
  • An environment of continuous learning and improvement
  • Pension, stock and savings program to help build and enhance your future financial security

Valid Through: 2019-10-18