Procurement Sr. Specialist
Procurement Sr. Specialist
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
This Procurement Sr. Specialist is responsible in procurement of goods and services including providing support to the business in maximize the value of the investment in a third party product or service and sustain such value with minimum risk to the organization as a whole.
Position Responsibilities:
Intake Review and Contract Creation
- Intake review and ensuring conformance to established policies
- Sourcing evaluating bids/quotations and vendor selection ensuring conformance to established policies
- Negotiate pricing terms and conditions of sale warranties of goods and products with key suppliers and vendors
- Purchase Order / Contract processing/administration including acquiring resources within budget
- Related follow-up / administration ensuring timely deliveries
Strategic Project Management
- Perform data gathering perform spend/business analysis and recommendation
- Collaborate with stakeholders/BUs for the sourcing requirements and specification including seeking support from subject matter experts i.e. VGM VISM Risk L&C etc
- Go to supply market and source for qualified vendors
- Perform RFx (RFI(Request for Information) RFP(Request for Proposal) RFQ(Request for Quotation)
- Prepare and present result of RFP evaluation and supplier selection.
Cost Savings / Process Improvement
- Identification and implementation of cost-saving initiatives & process improvements
- Monitoring of progress and results of procurement initiatives/projects
- Develop project pipelines and work with BU to anticipate/forecast requirements of the company
Vendor Management
- Interview identify and accredit potential new vendors to secure more cost effective sources of products and services
- Maintaining / updating vendor information
- Completion of Accreditation Requirements of suppliers
- Update Preferred Vendor Master List
- Payment terms improvement and establishing credit lines
- Continuously measure and manage supplier performance
- Validate vendor related incidents and collaborate the resolution with BU vendor management supervisor and vendor.
Training and Communications
- Provide communications for all purchasing related policies and processes
- Provide update on daily work performance progress
- Assist in the roll out of procurement tools & best practices
- Assist in ensuring compliance with the Procurement Policy and other global / local procedures
- Provide support & manage requests regarding business issues or inquiries
- Participation in other purchasing initiatives/tasks that may be assigned
- Negotiate contracts with vendor
- Award contract to vendor.
- Coordinate with the contract owners the updating of the contracts.
Required Qualifications:
Min. 5 years of experience in Procurement (preferably in insurance banking or similar industry)
Graduate of a 4-year Business Course or relevant course
Good working knowledge on products principles of supply management and related Technology
Skills and competencies: analytical Ability negotiation interpersonalcustomer focusstrong communication skills and ability to deal with and manage change
When you join our team:
Well empower you to learn and grow the career you want.
Well recognize and support you in a flexible environment where well-being and inclusion are more than just words.
As part of our global team well 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 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 .
Working Arrangement
Required Experience:
Senior IC
Employment Type
Full-Time
