Procurement Assistant Manager

The Procurement Assistant Manager is responsible for managing spend category ensuring established standards and specifications for quality and timeliness are met, including but not limited to internal requirement analysis, conducting baseline and market analysis, sourcing strategy development, competitive bidding process, negotiation and contract review for Manulife Philippines, Manulife Chinabank Life and Manulife Investment Management. This role will lead identified procurement initiatives and engage business units, stakeholders and subject matter experts.

Position Responsibilities:

• Manages contracts or services for a particular spend category ensuring established standards and specifications for quality and timeliness are met

• Develop category plan that sets short, medium and long term goals and objectives of the assigned category 

• Manage relations with key business partners and project owners to develop/maintain strong working relationships.  Engage support and agreement on how to implement the strategy.  Influence requirements from business partners necessary to evaluate and select vendors

• Identifies, negotiates and manages vendor contracts, ensuring that services and products meet established standards and specification for quality and timeliness

• Engage subject matter experts (such as legal, risk and finance) in support of a specific set of category and/or a business line

• Promote effective management of vendors to sustain value throughout the life of the contract.

• Risk management, mitigate risks & create remediation plans to address issues

• Assist to manage, co-lead and coach sourcing team members on delivering the KPIs and provide sourcing thought leadership and day-to-day oversight of resource activities

•  Communication and training to BU stakeholders on procurement end to end procedures.  Assist in cascading management information and analytics for Sourcing

•  Participate the implementation of sourcing system tools, process improvement and other projects that may be assigned.

• Delivers benefits and annual savings target for managed spend.  Provide supporting analytics stakeholders to validate realized savings

• Responsible in tracking expirations of existing contracts and develop work plan for renewals, interact with SMEs to incorporate results of negotiations into contract documents

• Manage Third Party Vendor Spend, maximizing value return

• Risk management, Vendor and Contracts management, mitigate risks & create remediation plans to address issues

• Ensure compliance with the policies & procedures and other regulatory requirements including its update, cascade / communications

Required Qualifications:

• College graduate in Business, Supply Chain Management or related fields

• Over 5 years of experience in managing end-to-end sourcing

• With Solid analytical, cost and risk management skills

• Self-motivated team player, who has energy and drive, also able to motivate and get the best out of a multi-functional team and matrix organization.

• Excellent English verbal and written communication skills

• Computer proficiency – Word, Excel, Powerpoint

Preferred Qualifications:

• Preferably with high spend strategic negotiations in large multinational corporation or financial service industry experience

• Experience with leading a sourcing team and procurement systems and tools

• Relevant advanced degree or professional certification such as CIPS/CPSM 

• Extensive knowledge preferably of IT software/SaaS solutions/vendor

• Experience and expertise with commercial T&Cs, supplier contractual terms and conditions to mitigate legal and business ris

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.