Procurement Sourcing Specialist

Posted 7 Days Ago
Be an Early Applicant
Quezon City, Second District NCR, National Capital Region
Junior
Fintech • Insurance • Financial Services
The Role
The Procurement Sourcing Specialist will manage relationships with third-party vendors, support sourcing initiatives while ensuring compliance with procurement policies, conduct negotiations for savings, perform spend analysis, and coordinate with legal and finance experts. The role involves compliance assurance with company standards and support for business unit clients in understanding procurement processes.
Summary Generated by Built In

Are you looking for a supportive and collaborative workplace with great benefits and clear career development? You’ve come to the right place.

Why choose Manulife?

  • Competitive Salary packages and performance bonuses
  • Day 1 HMO + FREE coverage for your dependents (inclusive of same-sex partners)
  • Retirement savings benefit
  • Rewarding culture that values wellness and well-being
  • Performance Bonus
  • Global network of industry experts
  • Extensive training resources

Job Description:

We’re looking for a Procurement Sourcing Specialist to join our Global Procurement COE team at MBPS. This role is strategic in maintaining the relationship between the Company and its third-party vendors during the course of the end to end procurement process with a focus on client satisfaction, as well as support for the Category Managers in-line with the “Buy Better” strategy of the Procurement organization.

Have the skills and knowledge for the job? Learn more about the opening below!

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
  • 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

Qualifications:

  • Graduate of any 4-year university course, in Business, Finance, Information Technology, Engineering, or other related disciplines.
  • Experience: At least one to two years of relevant experience
  • Asia Shift 9:00AM to 6:00PM ; Required Work-On-Site Schedule: 3x in a week (M-W or T-TH)

Minimum Skills to Hire/Must Haves:

  • Minimum of 2-years experience in Procurement and Supply Chain;
  • Familiarity with 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.

Let's make every day better together. Learn about our opportunities at JOBS.MANULIFE.COM
 

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 [email protected].

Working Arrangement

Hybrid

Top Skills

Finance
Procurement
Supply Chain
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Toronto, Ontario
32,427 Employees
On-site Workplace

What We Do

Manulife is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We have more than 40,000 employees, over 116,000 agents serving ~34 million customers worldwide, and over $1.3 trillion in assets under management and administration.
Visit www.Manulife.com to find out more.

For Manulife terms of use, please visit http://bit.ly/SM_Terms

Similar Jobs

Manulife Logo Manulife

Senior Procurement Sourcing Specialist

Fintech • Insurance • Financial Services
Quezon City, Second District NCR, National Capital Region, PHL
32427 Employees

Manulife Logo Manulife

Procurement Sourcing Specialist

Fintech • Insurance • Financial Services
Quezon City, Second District NCR, National Capital Region, PHL
32427 Employees
Hybrid
Manila, First District NCR, National Capital Region, PHL
289097 Employees
Hybrid
Manila, First District NCR, National Capital Region, PHL
289097 Employees

Similar Companies Hiring

Bectran, Inc Thumbnail
Software • Machine Learning • Information Technology • Fintech • Automation • Artificial Intelligence
Schaumburg, IL
51 Employees
Energy CX Thumbnail
Utilities • Professional Services • Greentech • Financial Services • Energy • Consulting • Business Intelligence
Chicago, IL
55 Employees
MassMutual India Thumbnail
Insurance • Information Technology • Fintech • Financial Services • Big Data
Hyderabad, Telangana

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account