Manager, North America Procurement

This role will work closely with key stakeholders in the businesses, the incumbent will leverage their deep knowledge of the category, to identify and implement effective cost reduction strategies and change management plans. The incumbent will deliver targeted savings through actions such as consolidating global company-wide purchasing volume and applying total cost of ownership levers to reduce cost and manage contracts with suppliers.

Position Responsibilities:

• Lead cross-functional teams to execute on medium to high value/complexity sourcing projects and contracting efforts. Determine sourcing strategy and conduct analysis and negotiations.
• Influence requirements from business partners necessary to evaluate and select suppliers
• Conduct baseline and market analysis, develop sourcing strategy and conduct contract negotiations
• Read and understand contract and commercial terms in current contracts and proposals.
•   Manage sourcing resources and engage subject matter experts (such as legal, risk and finance) in support of a specific set of commodities and/or a business line
• Provide sourcing thought leadership and day-to-day oversight of resource activities
•   Be responsible for the accuracy of contract archives
• Track expirations of existing contracts and develop work plan for renewals, interact with legal and drafting teams to incorporate results of negotiations into contract documents
• Provide supporting analytics to finance team to validate realized savings
• Manage relations with key business partners and project owners to develop/maintain strong working relationships
• Support vendor managers in execution of business led initiatives as necessary.

Required Qualifications:

• Graduate degree (business preferred)
• Knowledge of relevant legislative and regulatory requirements relating to management of third party outsourcing in the jurisdictions in which Manulife operates
• Knowledge of financial, actuarial and insurance systems

Preferred Qualifications:

• IT Infrastructure contracts/sourcing experience  
• Extensive knowledge of IT software/SaaS solutions/vendor
• Undergraduate degree (business preferred)
• 6+ years of progressive business experience in global supply chain management and/or vendor management and/or contract management
• Solid knowledge of sourcing and procurement principles and best practices
• Experience and expertise with supplier contractual terms and conditions to mitigate legal and business risk
• Experience with sourcing and procurement systems and tools
• Solid analytical skills

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.

#LI-Hybrid

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 [email protected].

Toronto, Ontario

Hybrid

Salary range is expected to be between

$86,250.00 CAD - $155,250.00 CAD

If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [email protected] for more information about U.S.-specific paid time off provisions.