Procurement Sourcing Specialist

Manulife Insurance Malaysia; Quezon City; Hybrid; PHP 600,000 - 900,000; Full time

Job summary

Manulife is seeking a Procurement Sourcing Specialist to join our MBPS Procurement COE team. You will drive global sourcing and contracting events, and maintain vendor relationships throughout end-to-end procurement in line with the Buy Better strategy.

The role requires a Bachelor's degree and 3+ years in procurement, with strong negotiation skills, MS Office proficiency, and experience with e-Sourcing tools.

Qualifications

• Bachelor’s degree or equivalent in Business, Finance, IT, Engineering, or related field.
• 3+ years experience in Procurement and Supply Chain, preferably in shared services.
• Strong communication and task management skills.
• Experience in sourcing, negotiations and contracting processes.

Responsibilities

• Support or lead sourcing initiatives within aggressive timelines while maintaining bidding process integrity.
• Establish and maintain relationships with third‑party vendors for effective collaboration.
• Conduct negotiations to secure deals that meet business requirements and drive savings.
• Coordinate with Risk, Legal, Finance, and Tax to ensure contractual compliance.

Skills

Sourcing strategy

Negotiation

Vendor management

Stakeholder management

Procurement analytics

Education

Bachelor's degree in Business/Finance/IT

Tools

MS Excel

MS Word

MS PowerPoint

e-Sourcing tools

Contract management systems

Job description

We're looking for a Procurement Sourcing Specialist to join our MBPS Procurement COE Team . You will be responsible for driving and supporting global sourcing and contracting events in the low impact stream of Manulife’s indirect spend categories. In this specialist role, you are vital in maintaining the relationship between Manulife and its third-party vendors during the course of the end-to-end procurement process, as well in supporting the Category Managers in-line with the “Buy Better” strategy of the Procurement organization.

Qualifications:

Bachelor’s degree in Business, Finance, Information Technology, Engineering, or other related disciplines Minimum 3 years of experience in Procurement and Supply Chain, preferably in the shared services industry Strong communication skills and task management skills Adequate experience in the execution of sourcing, negotiation and contracting process Familiarity with e‑Sourcing tools and strategies to maximize savings Familiarity with North American contracts including main clauses required for specific types of agreement, Statement of Work, Project Requirements, and Exhibits Comfortable working with legal and risk subject matter experts Knowledge of Procurement or Finance applications and systems, databases and reporting tools allowing for high level spend assessment and analytics Strong PC skills and proficiency with MS excel, Word, Powerpoint, etc. Familiarity with project management processes and systems Experience within real estate, facilities, marketing and/or human resources is an advantage Attentive to details, innovative and result driven Operates in a professional and ethical manner with customers and vendors Amenable to work on a night shift schedule

Key Responsibilities:

Support and / or lead sourcing initiatives in accordance with business requirements within aggressive timelines while ensuring the integrity of the bidding process Establish and maintain a collaborative relationship with third party vendors Conduct negotiations and secure deals that drive savings, meet and fulfill business requirements Ensure projects are conducted in compliance with internal procurement policies Manage the mailbox and work intake tools to ensure timely resolution of stakeholder queries and concerns; accurate documentation of project development; and prompt communication of relevant issues and updates with business partners Perform detailed analysis of spend, contract terms and conditions Drive and champion established procurement strategies for each sourcing event in accordance with their respective spend categories. Maintain a mutually beneficial engagement with Category Managers to allow for sharing of best practices and ensure alignment with category strategies Coordinate with functional subject matter experts such as Risk, Legal, Finance, and Tax to ensure compliance with the company’s standards from a contractual standpoint Monitor market trends, competitor strategies and market suppliers for the respective category Support business unit clients’ understanding of procurement processes, policies, and systems

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

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.

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].

Working Arrangement

Hybrid

We’re proud of our accomplishments and recognitions. Recent awards include: 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 Our ambition is to be the most digital, customer‑centric global company in our industry. Learn more at https://www.manulife.com/.