Strategic Sourcing Manager

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

Job summary

An established industry player is seeking a Strategic Sourcing Manager to join their dynamic Technology Services Group. This role is pivotal in developing and managing sourcing strategies for application vendors, ensuring effective vendor-client relationships, and driving cost optimization initiatives. You will lead the end-to-end sourcing process, from requirements gathering to contract negotiations, while leveraging your analytical skills to present market insights to stakeholders. Join a collaborative team committed to fostering a positive work environment and delivering exceptional value through innovative sourcing solutions. If you thrive in a fast-paced setting and are eager to make an impact, this opportunity is perfect for you.

Qualifications

• 3+ years in Application Sourcing and Category Management.
• Strong analytical skills with Excel and PowerBI.
• Effective communication and negotiation skills.

Responsibilities

• Develop and manage Sourcing strategies for Application Vendors.
• Lead RFx process and manage contract lifecycle.
• Identify cost optimization opportunities with 3rd party vendors.

Skills

Sourcing Strategies

Vendor Management

Contract Negotiation

Data Analysis

Communication Skills

Project Management

Education

Bachelor's Degree in Business Management

Diploma in Finance

Certified Procurement Professional (CPP)

Supply Chain Management Professional (SCMP)

Tools

Excel

PowerBI

PowerPoint

Job description

Strategic Sourcing Manager

Apply locations Toronto, Ontario time type Full time posted on Posted 26 Days Ago job requisition id R2042220

Location: Brookfield Place - 181 Bay Street

Technology Services

Technology Services (TS) is responsible for delivering all enterprise infrastructure, applications and related end user technology services across all Brookfield business groups, comprised of approximately 6,500 users.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

The Technology Services Group and Human Resources Services are internal functions providing global operations and business support across Brookfield Asset Management business segments.

Position Summary

This role sits within the Technology Services Group (TSG), in which the Strategic Sourcing Manager will report to the Director, Strategic Sourcing. The Strategic Sourcing Manager will be responsible for:

1. Developing and managing the Application Sourcing Category strategy
2. Leading the Application Strategic Sourcing process (end-to-end)
3. Managing the contract lifecycle for various Application Vendors
4. Managing Vendor-Client relationships
5. Delivering Business value-based Sourcing services
6. Ensuring clarity of communication (written and verbal)

Responsibilities

1. Ability to understand the business priorities and objectives, and develop innovative Sourcing strategies to support them
2. Proactively identifying opportunities for further cost optimization and operational efficiencies within current and new 3rd party arrangements
3. Staying abreast of new 3rd party offerings and changes within the incumbent landscape
4. Packaging and presenting relevant market insights to the Operational and business stakeholders
5. Prioritize and resolve inquiries and escalations pertaining to Vendor-Contract related matters
6. Leading the RFx process and Contract Management activities through a structured and well documented approach
7. Manage the full Sourcing lifecycle; Understand the business problem, effectively communicate and form agreement with the stakeholders on the end-to-end process, timelines, dependencies, etc.
8. Manage requirements gathering
9. Vet the Proponents
10. Package and issue the RFP, and ensure timely updates to the evaluation team and stakeholders
11. Lead and perform commercial negotiations with rigor and expediency
12. Analyze and document gaps and opportunities between proponent proposals to ensure informed decisions and a well managed Vendor selection process
13. Present RFx results and recommendations to obtain buy-in and approvals from stakeholders and leadership
14. Manage Vendor onboarding (i.e. Vendor Risk Assessment, Financial review, Project requirements, etc.)
15. Perform annual contract reviews

Qualifications & Requirements

1. Minimum 3-year degree or diploma in Business Management, Finance, or related discipline, OR 5-7 years’ experience in Application Sourcing and Category Management, specifically in the following categories:
1. Investor Relations
2. Treasury
3. Financial Planning and Analytics (FP&A)
4. AI, Data & Automation (RPA, Workflows, Integration)
5. Market Data (Financial, Real Estate, etc.)
2. Analyze, model, and present large data sets using Excel/PowerBI
3. Identify and negotiate 3rd party contract terms to minimize legal and commercial risk and exposure to Brookfield
4. Inquisitive, self-motivated, confident to operate outside one’s comfort zone
5. Possess effective listening, comprehension, and impactful communication skills
6. Expert in building and presenting PowerPoint presentations to business stakeholders and executives
7. Organized and able to manage multiple projects and deliverables
8. Familiarity with Third Party Risk Management (TPRM) framework is an asset
9. Possessing a Certified Procurement Professional (CPP) or Supply Chain Management Professional (SCMP) designation is an asset
10. This role is based out of Brookfield Place (Toronto) and does not require any travelling

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment. Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.