Procurement Manager

IFG International Financial Group Ltd; Ontario; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

A major financial institution in Canada is seeking a Procurement Manager for a 12-month contract with potential for extension or permanent placement. The role involves developing sourcing strategies, leading supplier negotiations, and working closely with business leadership to drive efficiencies and cost reductions.

Qualifications

• 5+ years of progressive business experience.
• In-depth knowledge of sourcing and procurement principles.
• Experience in finance, strategic sourcing, RFP/RFx knowledge.

Responsibilities

• Develop and execute sourcing strategies to reduce costs and maximize vendor value.
• Lead supplier negotiations for large transactions.
• Provide thought leadership on emerging vendor models.

Skills

Analytical skills

Problem analysis

Decision making

Education

Undergraduate degree (business or finance preferred)

Job description

Our client, a major financial institution in Canada is looking to hire a Procurement Manager to their team for an initial 12-month contract. The role is currently operating on a hybrid model with the office located in Toronto. This role also has a possibility to extend or transition into a permanent role.

You will be responsible for the following duties :

• Understanding of sourcing strategies. Apply analytics to identify cost and demand reduction opportunities.
• Integrate closely with the leadership team(s) of the businesses he / she supports to understand business unit goals and priorities, provide thought leadership on emerging vendor models, and align and set proactive sourcing agenda.
• Define strategy for the category and execute cost reduction actions proactively.
• Quantify savings achieved, drive efficiencies, centralize competencies and maximize the value of vendor relationships.
• Influence and develop supplier negotiation strategies in conjunction with Tower Lead.
• Lead supplier negotiations, particularly for large complex transactions, and ensure execution of developed sourcing & negotiation strategy.

Qualifications :

• Undergraduate degree (business or finance preferred) with 5+ years of progressive business.
• Experience in finance, and / or strategic sourcing, RFP / RFx knowledge / experience
• In-depth knowledge of sourcing and procurement principles and best practices
• Solid analytical skills
• Problem analyzer and decision maker - effectively searches and uses industry and market insights.
• Able to assimilate, synthesize, and present complex information in a value-added form.

If you are interested in this opportunity, kindly send your resume in MS Word format to [e-mail] today!