Specialist, Strategic Sourcing

Fairstone; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading company in financial services is seeking a Specialist in Strategic Sourcing. You will be responsible for creating and managing vendor contracts, providing advisory assistance in contract management, and maintaining performance metrics. Candidates should have a bachelor's degree and extensive experience in similar roles, preferably within the banking sector.

Qualifications

• Seven years of relevant experience preferred in the banking industry.
• Ability to handle high volumes under tight deadlines.
• Familiarity with IT products and services is an asset.

Responsibilities

• Review and assess vendor contracts.
• Onboard vendors and perform due diligence.
• Negotiate and execute contracts.

Skills

Communication

Time Management

Attention to Detail

Relationship Building

Education

Bachelor's degree in Business, Procurement, or Logistics

Tools

MS Office

Job description

The Specialist, Strategic Sourcing is responsible for creating contracts by preparing, analyzing, and negotiating with vendors. They will provide internal customers with advisory assistance in contract management. Additionally, the incumbent will create and maintain various reports such as key performance indicators and dashboards.

Responsibilities

• Review and assess vendor B10 contracts.
• Onboard vendors and perform due diligence activities.
• Review and recommend changes to contracts of varying size and complexity.
• Create, analyze, negotiate, and execute contracts for various transactions.
• Build and maintain relationships with vendors, clients, and other business partners.
• Maintain contract-related documents and correspondence.
• Present contract information to relevant parties, including stakeholders and the Executive team.
• Address contract-related issues, such as breaches of contract.
• Track contracts and manage extensions, renewals, or closures.
• Stay informed about relevant rules and regulations.
• Negotiate contract documents, including specifications, conditions, and exhibits, with support from legal, IT, Information Security, and other departments, ensuring timely signing of agreements.
• Maintain contract management master data.
• Perform other related duties as needed.

Professional Requirements

• Bachelor's degree in Business, Procurement, Logistics (DEP), or equivalent.
• Seven (7) years of relevant experience, preferably in the banking industry.
• Excellent written and verbal communication skills.
• Ability to handle high volumes under tight deadlines.
• Effective time management and multitasking skills.
• Attention to detail.
• Ability to develop positive relationships with peers and vendors.
• Familiarity with IT products and services is an asset.
• Proficiency in MS Office software.

This role is now vacant

#CORPON

We are proud to be: Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/

If you have a preferred language for communication, please inform us whether you prefer French or English in your application.

Fairstone is an equal opportunity employer. We will make reasonable accommodations for individuals with disabilities. We encourage applications from Aboriginals, visible minorities, and disabled individuals in confidence.

Time Type: Full-time

Job Type: Permanent