Specialist, Supplier Strategy & Integration

Posted 12 Hours Ago
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Waterloo, ON
5-7 Years Experience
Fintech • Payments • Financial Services
The Role
The Senior Specialist, Supplier Strategy & Integration is tasked with supporting the development of supplier relationships, conducting market research, managing supplier performance and risk, and contributing to process improvements in supplier management. The role involves coordinating various analytical tasks and collaborating with stakeholders across the organization.
Summary Generated by Built In

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

The Specialist, Supplier Strategy & Integration is responsible for supporting the research, analysis and implementation of new supplier relationships as well as supporting the development of tools, processes and reporting related to Supplier Relationship Management (SRM). In addition to being an excellent communicator, the incumbent has strong analytical skills in analyzing contract pricing, service levels and in depth knowledge of procurement regulations, contract agreements and legal terminology and is comfortable working in a dynamic, fast-paced environment with competing priorities

In addition to working with and supporting all Canadian business units, the incumbent collaborates with other specialized teams within our organization to set priorities, develop action plans and deliver results. This includes working with external service providers, CXO, Sourcing, Legal, Compliance, Risk, Operational Business Intelligence, and Finance

What you will do?

  • Support the onboarding of new suppliers and services from initial engagement and proof of concept to full launch as well as supplier analysis and rationalization and communicate status on an ongoing basis

  • Conduct research on industry/supplier benchmarks, collect market intel and provide competitive analysis to support decision-making

  • Participate in departmental, intra divisional and companywide projects including new outsourcing initiatives, supplier integrations as well as implementation of internal technologies, tools, processes and practices

  • Support the SRM program for Canada, ensuring systems and processes are in place for managing supplier risk, performance, issues and data

  • Capture the Voice of the Supplier and Business Partners in surveys and discussions and integrate feedback into recommendations

  • Document and continuously improve procedures and policies, reporting tools, presentations and templates. Coordinate business process improvements with internal stakeholders

  • Be familiar with contract terms, payment structure and reimbursements

  • Coordinate and summarize competitive analysis, spend analysis, KPI’s and operating reports and consult on issues impacting the efficiency and effectiveness of supplier relationship management and cross-functional processes and ensure standard practices are being followed and collaborate on supplier relationship management best practices

What you need to succeed?

  • Industry knowledge of best practices for Sourcing, Contracting and Supplier Relationship Management

  • Accounting/Business/financial/reporting and data analysis experience

  • Strong research, analytical and problem solving skills

  • Organizational and time management skills to handle diversity of the job

  • Ability to work in high profile, fast paced and changing work environment and solve moderately complex problems

  • Familiarity with supplier selection and performance and risk management practices

  • Excellent communicate skills (verbal and written) as well as strong objective reasoning skills, ability to support and explain reasons for decisions and recommendations

  • Strong MS office and Excel skills

  • Experience with projects and business analysis and experience with identifying and analyzing Key performance indicators

Reasons why you should join us under the sun:

  • Being a member of the Sun Life family, a group of people united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.

  • Flexible Benefits from the day you join to meet the needs of you and your family

  • A caring, supportive, and inclusive culture

  • A collaborative and interactive team environment

  • Activity-based workspaces have been organized and built around the different activities you may need to perform in any given day

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results. 

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to [email protected].

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range:

54,000/54 000 - 91,000/91 000

Job Category:

Procurement

Posting End Date:

19/10/2024

The Company
Toronto, Ontario
499 Employees
On-site Workplace

What We Do

A UK company, Sun Life Financial of Canada is focused on building excellent customer service by offering the highest levels of customer care. We have been serving customers in the UK for over 100 years

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