Analyst, Procurement and Vendor Management

Foresters Financial; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

A top financial services company is seeking an Analyst in Procurement and Vendor Management to support key sourcing functions and build strategic vendor partnerships. The role offers a chance to engage with a dynamic team, focusing on procurement processes and vendor management, suitable for an entry-level candidate with a relevant educational background.

Qualifications

• 0-5 years of relevant experience preferred.
• Qualifications in supply chain or purchasing certifications are assets.
• Ability to meet tight deadlines in a fast-paced environment.

Responsibilities

• Support sourcing activities from intake to execution, including RFx.
• Manage vendor relationships and third-party risk assessments.
• Identify areas of opportunity for cost savings.

Skills

Interpersonal skills

Communication skills

Negotiation skills

Attention to detail

Proactive approach

Education

Post-secondary education

Tools

MS Office

Job description

Analyst, Procurement and Vendor Management

Join to apply for the Analyst, Procurement and Vendor Management role at Foresters Financial

Analyst, Procurement and Vendor Management

Join to apply for the Analyst, Procurement and Vendor Management role at Foresters Financial

Role Title

Analyst, Procurement and Vendor Management

Purpose of role

The Analyst, Procurement and Vendor Management reports to Senior Manager, Procurement and Vendor Management and supports sourcing and non-sourcing functions including sourcing activities (i.e. RFx), transactional purchasing, vendor relationship and third-party risk management. The role will operate in a consultative manner to facilitate procurement and vendor management processes and further develop strategic partnerships with supported business units.

Job Description

Key Responsibilities

• Support Senior Manager, Procurement and Vendor Management with sourcing activities (i.e., RFx) from intake to execution, including :
• Sourcing activity determination (proactive approach vs. reactive)
• RFx distribution and meeting arrangements with vendors and required stakeholders
• Proposal reviews and scorecard evaluation
• Support IT service management with licensing requests for standalone and subscription software; and business units with purchase orders of goods and services
• Participate in contract and software negotiations with new and existing vendors for contract and software renewals in partnership with Senior Manager
• Support third-party risk management in a consultative capacity by ensuring new procurement requests are guided through the process while confirming appropriate steps (i.e. risk assessments, due-diligence) are completed prior to contract sign-off
• Support all aspects of the vendor relationship with a variety of vendors (i.e., contractual adherence, SLA management, renewals, some operational issues and issue escalation)
• Participate and coordinate vendor governance and spend analysis reporting
• Support corporate travel program, including inquiries from employes and relationship with travel management service provider
• Provide ad-hoc support on process improvement initiatives and audits
• Identify areas of opportunity for cost savings

Key Qualifications

• Education (Minimum Required) : University or College
• Experience (Minimum Required) : 0-5 years of relevant experience
• Qualifications, Certifications or Designations (Minimum Required) : Post-secondary education. Preferred : Supply chain or purchasing certifications are an asset
• Proficiency in MS Office
• Functional knowledge of procurement practices and requirements
• Strong interpersonal and communications skills to be able to interact with all levels of staff and management
• Ability to meet tight deadlines in fast-paced dynamic environment while maintaining a keen attention to detail
• Proactive and highly motivated individual who will take the initiative to get things done
• Collaborative team player with superior influencing, communication and negotiation skills, who builds relationships easily across various cross functional groups to move initiatives forward
• Strong ability to work independently and as part of a team
• Ability to provide efficient, timely, reliable and courteous service to business stakeholders

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [emailprotected] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.

Seniority level

Seniority level

Entry level

Employment type

Employment type

Full-time

Job function

Job function

Purchasing and Supply Chain

Financial Services and Insurance

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