Senior Manager, Sourcing

Manulife Insurance Malaysia; Southwestern Ontario; On-site; CAD 93,000 - 143,000; Full time

Benefits offered by this job

Health benefits

Dental care

Mental health support

Vision care

Disability insurance

Life insurance

Job summary

Manulife in Toronto is seeking a procurement professional to execute sourcing and contracting initiatives end-to-end across investment categories, collaborating with Operations, Legal, Risk, and Finance to deliver strong commercial outcomes and manage risk.

The role emphasizes renewals, supplier selection, analytics, governance, and cross-functional influence, with a focus on data-driven decision making and executive-ready materials. Strong communication is essential for success.

Qualifications

• 5+ years of progressive experience in Financial Services sourcing, IT software sourcing, and/or consulting with negotiation and contracting responsibility.
• Demonstrated ability to lead cross-functional sourcing initiatives and influence stakeholders without direct authority.
• Strong commercial and analytical skills (baseline and market analysis; building negotiation strategy and options).
• Strong written/verbal communication skills and ability to produce executive‑ready materials.
• Working knowledge of procurement tools and workflows (intake-to-contract and contract lifecycle processes).
• Advanced MS Excel / PowerPoint skills; familiarity with Power BI is an asset.

Responsibilities

• Collaborate with cross-functional teams to execute medium value/complexity sourcing projects and contracting efforts for Investment categories (trading and accounting platforms, advisory platforms, financial ratings and reference data).
• Plan and execute renewals/amendments, including tracking key expirations and developing renewal workplans with stakeholders.
• Develop PxQ baseline spend and contract analysis, determine sourcing strategy, lead negotiations, and drive supplier selection recommendations.
• Influence and shape business requirements needed to evaluate suppliers and enable timely, unified decisions.
• Read, understand, and negotiate commercial terms in current contracts and proposals; coordinate with Legal/Risk/Finance SMEs to close key gaps and finalize contract documents.
• Ensure initiatives are logged and progressed through Ivalua intake-to-contract workflow; coordinate required SMEs to support risk and contracting steps.
• Maintain clean deal documentation and workflow progression through procurement systems and CLM processes.
• Manage relationships with key business partners and project owners to maintain momentum, surface blockers early, and ensure alignment on trade-offs and approvals.
• Governance for procurement: support required governance inputs for technology purchases to ensure the deal can proceed through internal approvals and onboarding.
• Benchmarking, analytics, and business cases: conduct RFP benchmarking and opportunity assessments to strengthen sourcing strategies and negotiation positions.
• Provide business intelligence and insights to improve data-driven sourcing decisions and portfolio prioritization.
• Metrics, dashboards, and executive communications: define and track key performance metrics and develop dashboards to support tower priorities.
• Create executive-ready presentations that synthesize deal status, risks, tradeoffs, and opportunities for improvement.
• AI: contribute to AI-enabled procurement improvements by helping shape requirements, pilots, and adoption.

Skills

Financial Services sourcing

IT software sourcing

Negotiations

Contracting

Cross-functional leadership

Stakeholder influence

Power BI (asset)

Education

Post-secondary degree in Business, Finance, IT or related field

Tools

MS Excel

PowerPoint

Power BI

Procurement systems

Job description

This role is responsible for executing sourcing and contracting initiatives end-to-end - from intake and strategy through negotiations, award, and contract execution - while partnering with Operations and Business stakeholders, Legal, Risk, and Finance to deliver strong commercial outcomes and manage risk. In addition, this role contributes to continuous improvement across the Investment Software and Financial Market Data sourcing portfolio for Manulife’s Global Wealth and Asset Management Division by performing benchmarking, analytics, and executive-ready materials that improve decision quality, cycle time, and consistency.

Position Responsibilities

• Collaborate with cross-functional teams to execute medium value/complexity sourcing projects and contracting efforts for Investment categories (trading and accounting platforms, advisory platforms, financial ratings and reference data).
• Plan and execute renewals/amendments, including tracking key expirations and developing renewal workplans with stakeholders.
• Develop PxQ baseline spend and contract analysis, determine sourcing strategy (competitive vs. single source), lead negotiations, and drive supplier selection recommendations.
• Influence and shape business requirements needed to evaluate suppliers and enable timely, unified decisions.
• Read, understand, and negotiate commercial terms in current contracts and proposals; coordinate with Legal/Risk/Finance SMEs to close key gaps and finalize contract documents.
• Ensure initiatives are logged and progressed through Ivalua intake-to-contract workflow; coordinate required SMEs (vendor risk, legal, privacy, tax) to support risk and contracting steps.
• Maintain clean deal documentation and workflow progression through procurement systems and CLM processes (including contract review/redlining practices).
• Manage relationships with key business partners and project owners to maintain momentum, surface blockers early, and ensure alignment on trade-offs and approvals.
• Governance for procurement: Support required governance inputs for technology purchases (e.g., architectural reviews/AI reviews and required pre-requisites where applicable) to ensure the deal can proceed through internal approvals and onboarding.
• Benchmarking, analytics, and business cases: Conduct RFP benchmarking and opportunity assessments to strengthen sourcing strategies and negotiation positions (e.g., rate/price benchmarking, deal structure options, value levers).
• Provide business intelligence and insights to improve data-driven sourcing decisions and portfolio prioritization.
• Metrics, dashboards, and executive communications: Define and track key performance metrics (pipeline, cycle time, sourcing outcomes) and develop dashboards or reporting views to support tower priorities.
• Create executive-ready presentations that synthesize deal status, risks, tradeoffs, and opportunities for improvement.
• AI: Contribute to AI‑enabled procurement improvements that directly support sourcing execution – e.g., AI‑assisted contract review/redlining, faster RFx drafting, improved spend/market intelligence, and workflow efficiency – by helping shape requirements, pilots, and adoption.

Required Qualifications

• 5+ years of progressive experience in Financial Services sourcing, or IT software sourcing, and/or consulting with direct responsibility for negotiations and contracting.
• Demonstrated ability to lead cross-functional sourcing initiatives and influence stakeholders without direct authority.
• Strong commercial and analytical skills (baseline and market analysis; building negotiation strategy and options).
• Strong written/verbal communication skills and ability to produce executive‑ready materials.
• Working knowledge of procurement tools and workflows (intake-to-contract and contract lifecycle processes).
• Advanced MS Excel / PowerPoint skills; familiarity with Power BI or similar analytics tools is an asset.

Preferred Qualifications

• Prior experience in sourcing, strategy/management, consulting (or equivalent internal consulting/PMO experience).
• Experience sourcing and negotiating software, platforms, market data services, and Business process outsourcing is considered an asset.
• Post‑secondary degree in Business, Supply Chain, Finance, IT, or a related field or equivalent experience.

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. (The role being advertised is an existing vacancy.)

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.

We’re Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and accelerating a sustainable and economically inclusive future. Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well‑being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go. We’re proud of our accomplishments and recognitions.

Manulife is an Equal Opportunity Employer

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 [e-mail].

Referenced Salary Location Toronto, Ontario

Salary range is expected to be between $92,900.00 CAD - $142,900.00 CAD. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location.

Benefits

• health
• dental
• mental health
• vision
• short‑term disability
• long‑term disability
• life and AD&D insurance coverage
• adoption/surrogacy
• wellness benefits
• employee/family assistance plans
• retirement savings plans (including pension and a global share ownership plan with employer matching contributions)
• financial education and counseling resources
• paid time off program in Canada includes holidays, vacation, personal, and sick days
• statutory leaves of absence

Awards and Recognitions

• 2024 Gallup Exceptional Workplace Award Winner
• Manulife Named one of Forbes World’s Best Employers 2023
• Best Companies to Work for in Asia 2023
• We’ve been recognized as one of Canada’s Top 100 Employers (2024)
• Manulife included in Bloomberg’s 2023 Gender-Equality Index

Data & Analytics Practices

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.