Specialist - Strategic Sourcing

Sun Life Financial; India; Presencial; INR 1.800.000 - 2.800.000; Jornada completa

Descripción de la vacante

Sun Life Financial is seeking a Senior Specialist in Strategic Sourcing to develop and execute sourcing strategies for Canada, Corporate, and IT spends. You will negotiate contracts, manage supplier relationships and drive cost savings while aligning procurement with company goals.

The role requires extensive experience, strong data analysis skills, and collaboration with legal, IT security, and finance stakeholders. Experience with SAP Ariba is a plus.

Formación

• 10+ years relevant sourcing/procurement experience.
• Data collection, cleansing and data analysis experience.
• Experience leading sourcing initiatives and contract negotiations.

Responsabilidades

• Develop and implement sourcing strategies for commodities or services.
• Negotiate contracts and manage complex supplier relationships.
• Drive cost improvements and monitor KPIs to achieve savings targets.
• Lead sourcing teams and collaborate with cross-functional partners to align purchasing with goals.
• Ensure governance processes and compliance before final approvals.

Conocimientos

Sourcing strategy

Vendor management

Contract negotiations

Data analysis

Stakeholder management

Herramientas

SAP Ariba Contracts

Sourcing Modules

Descripción del empleo

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful. When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Specialist - Strategic Sourcing

Role Summary:

Provide sourcing value in the focused support of lower spend tactical purchases for the Canadian business, Corporate, and IT spend categories (including, but not limited to, group insurance and operations services, consulting, human resources, marketing, communications, finance services, Software, IT Services, IT Hardware/Products). Identify and manage relationships with key internal stakeholders. Manages the execution of the sourcing process. Focuses on the continuous improvement of various procurement processes.

What you will do?

Develop and implement sourcing strategies for commodities or services, negotiate contracts, and manage complex supplier relationships to ensure best-value procurement. Drive Total Cost of Ownership (TCO) improvements, manage procurement budgets, and monitor key performance indicators (KPIs) to achieve cost‑saving targets. Lead clients through the sourcing process including, but not limited to, contract negotiations through contract execution, risk and governance support and approvals. Lead sourcing teams and collaborate with cross-functional partners (e.g., Finance, Operations) to align purchasing with company goals. Assess, define and resolve procurement issues including contractual terms and conditions and escalations by internal stakeholders and suppliers. Identify opportunities to improve sourcing efficiency, leverage analytics for data‑driven decisions, and manage risk, Apply project management concepts to the planning and execution of the sourcing process. Ensure all related governance processes/policies are adhered to and completed prior to final approval to ensure the acquisition is done in the best interest of the company (legal, technical, financial, regulatory compliance).

What you need to succeed:

10+ years relevant sourcing/procurement experience. Hands on experience around data collection, cleansing and data analysis. Proven and extensive expertise leading sourcing initiatives, processes and developing strategies (i.e. deal management, contract review and negotiations etc.) Proven skills and ability to work with internal stakeholders to drive the process Comfort with ambiguity and uncertainty Familiarity with vendor contract language, SAP Ariba Contracts and Sourcing Modules Understanding of general procurement challenges and solutions Proven ability to work and align with internal legal counsel and other governance stakeholders such as IT security, compliance, etc.

Preferred skills:

Effective client relationship management skills are critical in this role. Requires comfort with ambiguity and uncertainty. Financial Analysis skills included advanced Excel skills. Confidence in ability to lead negotiations to conclusion. Proven ability to work with internal legal counsel and other stakeholders such as security and compliance. Role will require both independent contribution as well as team involvement. Demonstrates a drive for results and sense of urgency. Excellent communicator - both written and oral communication in English. Must have experience creating project plans, managing plans, communicating effectively and engaging necessary stakeholders in projects as required. Make good decisions based upon a mixture of analysis, common sense wisdom, experience and good judgment.

Assets:

Experience with SAP Ariba Contracts and Sourcing Modules. Familiarity with third party risk for Financial Service Institutions.

Job Category:

Office Administration

Posting End Date:

18/10/2026

Shine together

At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed. Make life brighter We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant There’s power in numbers. As part of SunLife’s growing team, you have an impact on people in your community and around the world. Shape the future With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At SunLife, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can’t make our future brighter. Join a top employer for a brighter future.