Sourcing/ Procurement Specialist

Job Description

Sourcing / Procurement Specialist

Location : Toronto, ON - Hybrid (3 days / week- flexible on which days Mon, Wed, Thurs, or Fridays preferable)

Contract Length : 6 months with possibility for extension.

We at Raise are hiring a Sourcing / Procurement Specialist for one of our top clients. After establishing themselves as an industry leader, they’re now expanding their team to meet rising demand.

We’re hiring right now; if you’re interested, apply below for your chance to join a great place to work.

Responsibilities :

• Major IT Software Sourcing categories maintenance and support services); Software and Cloud.
• Triage incoming software sourcing intake request and recommend distribution of software sub-categories such as databases, end user computing, integration, business process management, etc.
• Develop relationships with IT leaders to support enterprise objectives, influence key stakeholders and jointly develop strategic sourcing strategies while collaborating on sourcing initiatives and projects.
• Collaborate with Business Unit and Operations leaders to fully understand key business drivers, spend drivers, and achieve required support levels.
• Lead business value through the development of high quality and cost effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bank-wide purchasing volume, strategic supplier relationships, demand management or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process.
• Directly lead and implement best practices in sourcing initiatives.
• Manage SaaS in the technology software sourcing category within and across the Bank’s business segments, and serve as a key contributor to a well-developed and evolving supplier management process.
• Track sourcing initiatives for multi-functional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, contract and supplier negotiation, and supplier management while enabling collaboration and innovation between stakeholders and suppliers.
• Proactively work with the Business Line VMOs and contract owners to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy (consolidate and reduce contracts where opportunity exists).
• Identify cost savings opportunities and contribute to drive cost savings across all business segments.

Candidate Requirements / Must Have Skills :

• 3+ years’ experience as a Sourcing Specialist.
• Experience in sourcing / procurement from technology space (e.g. has worked with Oracle, IBM, CGI, TechM) either working in those organizations or having used the technologies.

Nice-To-Have Skills :

• Experience from Financial Institutions, can come from tier 2 finance or insurance as well.
• Experience with Coupa.
• Experience with ServiceNow.
• Progressive software technology sourcing experience an asset.

Education :

• Bachelor’s degree business, finance, computer engineering or related field.
2 days ago