This Procurement Sr. Specialist is responsible in procurement of goods and services including providing support to the business in maximize the value of the investment in a third party product or service and sustain such value with minimum risk to the organization as a whole.

Position Responsibilities:

Intake Review and Contract Creation

Intake review and ensuring conformance to established policiesSourcing, evaluating bids/quotations and vendor selection ensuring conformance to established policiesNegotiate pricing, terms and conditions of sale, warranties of goods and products with key suppliers and vendorsPurchase Order / Contract processing/administration, including acquiring resources within budgetRelated follow-up / administration, ensuring timely deliveries

Strategic Project Management

Perform data gathering, perform spend/business analysis and recommendationCollaborate with stakeholders/BU’s for the sourcing requirements and specification  including seeking support from subject matter experts, i.e., VGM, VISM, Risk, L&C, etcGo to supply market and source for qualified vendorsPerform RFx (RFI(Request for Information) , RFP(Request for Proposal), RFQ(Request for Quotation)            Prepare and present result of RFP evaluation and supplier selection.

Cost Savings / Process Improvement

Identification and implementation of cost-saving initiatives & process improvementsMonitoring of progress and results of procurement initiatives/projectsDevelop project pipelines and work with BU to anticipate/forecast requirements of the company

Vendor Management

Interview, identify and accredit potential new vendors to secure more cost effective sources of products and servicesMaintaining / updating vendor informationCompletion of Accreditation Requirements of suppliersUpdate Preferred Vendor Master ListPayment terms improvement and establishing credit linesContinuously measure and manage supplier performanceValidate vendor related incidents and collaborate the resolution with BU, vendor management supervisor and vendor.

Training and Communications

Provide communications for all purchasing related policies and processesProvide update on daily work performance progressAssist in the roll out of procurement tools & best practicesAssist in ensuring compliance with the Procurement Policy and other global / local proceduresProvide support & manage requests regarding business issues or inquiriesParticipation in other purchasing initiatives/tasks that may be assigned Negotiate contracts with vendorAward contract to vendor. Coordinate with the contract owners the updating of the contracts.

Required Qualifications:

Min. 5 years of experience in Procurement (preferably in insurance, banking or similar industry)

Graduate of a 4-year Business Course or relevant course

Good working knowledge on products, principles of supply management and related Technology

Skills and competencies: analytical Ability, negotiation, interpersonal, customer focus, strong communication skills and ability to deal with and manage change

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 recruitment@manulife.com.

Working Arrangement

Hybrid