Sr. Manager, Strategic Sourcing

Fairstone; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A prominent Canadian financial services company is seeking a Procurement Manager to oversee procurement activities and ensure compliance with policies and regulations. The successful candidate will manage vendor contracts, support competitive bidding processes, and provide strategic coaching. A Bachelor's degree in business or logistics and over 7 years of experience in procurement are essential. This full-time position offers an opportunity within a recognized great workplace environment.

Qualifications

• 7+ years of relevant experience in strategic sourcing or procurement.
• 3 years of experience in a personnel management position.

Responsibilities

• Overseeing procurement activities and regulatory compliance.
• Conducting contract reviews, assessments, and supplier management.
• Managing the competitive bid process and contract negotiations.
• Creating and maintaining various procurement reports.

Skills

Analytical skills

Time management

Data mining skills

Experience working with insurance strategies

Familiarity with ERP systems

Education

Bachelor’s degree in business or Procurement or Logistics

Job description

The incumbent is responsible for overseeing procurement activities and the application of procurement policies, procedures, and regulatory requirements. At Fairstone, he or she is accountable for performing analyses and making strategic recommendations concerning all contracts as well as provide internal customers with recommended assistance in supplier management, will create and maintain various reports (key performance indicators, catalogue of products and services, dashboards, etc.)

RESPONSIBILITIES

• Vendor B10 contract review, assessment, onboarding, and due diligence activities.
• Create, review, draft and recommend changes to contracts ranging in size and complexity.
• Manage the competitive bid process, support the development of performance and evaluation criteria, oversee the contract award process.
• Define contractual requirements for insurance coverage.
• Create and maintain the insurance strategy and framework for the company.
• Manage the negotiations of contract documents including specifications, general and special conditions and exhibits with support from legal, Information Technology, Information Security, and any other department, as necessary, and ensure that agreements are signed in a timely manner.
• Maintain suppliers master data and lead audit response for the area.
• Provide procurement / strategic sourcing coaching, and contract negotiation training to direct reports and key stakeholders.
• Create sourcing plans and recommend savings opportunities.
• Generating and submitting RFP’s.
• Encourage the implementation of best practices in procurement that promote operational efficiency, quality, and on-time delivery.

PROFESSIONAL REQUIREMENTS

• Bachelor’s degree in business or Procurement or Logistics (DEP) or equivalent
• 7+ years of relevant experience in strategic sourcing / procurement
• 3 years experience in a personnel management position

Knowledge and Skills

• Ability to handle considerable volume under tight deadlines.
• Effective time management skills and ability to multi-task
• Strong analytical and data mining skills with a good understanding of basic accounting
• Experience working with insurance strategies.
• Familiarity with IT products and services and with ERP systems (an asset)
• Experience in reading, writing RFP’s.

WE ARE PROUD TO BE RECOGNIZED AS Great Place to Work ® Canada for 2025 and
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 kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type:

Full time Job Type:Permanent