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Manager, Procurement
Manager, Procurement-April 2024
Toronto
Apr 2, 2025
About Manager, Procurement

  We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

  Working Arrangement

  Hybrid

  Job Description

  The Sourcing Manager reports to Director Sourcing Management and is responsible for the end-to-end execution of the sourcing process for large complex sourcing and contracting for Consulting and Professional Services initiatives . The incumbent oversees sourcing strategy development, supplier selection and contract negotiations consistent with an overall Sourcing strategy and business unit objectives. The Sourcing Manager will lead project teams that include business unit stakeholders, subject matter experts and Sourcing Analysts. It is expected that the individual will bring extensive experience and expertise in the area of Consulting/Professional Services/Contingent Worker/ Contact Center to contribute to the development and application of procurement and sourcing best practices across the organization.

  Individual Responsibilities:

  Lead cross-functional teams to execute on medium to high value/complexity sourcing projects and contracting efforts

  Determine sourcing strategy and conduct analysis and negotiations for projects.

  Generate and leverage market and supplier intelligence and data for development of sourcing and negotiation strategies.

  Work with business partners to collect and finalize requirements necessary to evaluate and select suppliers

  Establish deal teams for large sourcing engagements

  Develop terms sheet based on negotiation strategies, with input from the business partners.

  Proactively coordinate and schedule external resources and subject matter experts (legal, risk, finance, etc.)

  Drive and lead the contract negotiation process, with consultative support, as required, from legal and risk.

  Track, monitor, and manage sourcing and contracting agenda across the category including progress, risk, and benefits development and realization

  Interface directly with business partners and vendor/contract managers

  Oversee and support vendor/contract managers in execution of business-led initiatives assigning internal support resources as necessary.

  Independently provide direct leadership and support to a team of direct and indirect reports on sourcing projects. Provide strategic thought leadership to team.

  Job Requirement:

  Solid sourcing experience in any of the following categories: technology professional services (app development and maintenance), IT services outsourcing

  Experience in creating sourcing strategy

  Undergraduate degree (business preferred)

  4+ years of progressive business experience in global supply chain management

  In-depth knowledge of sourcing and procurement principles and best practices

  In-depth experience and expertise with supplier contractual terms and conditions to mitigate legal and business risk

  Experience with sourcing and procurement systems and tools

  Solid analytical skills

  Strategic thinker – thinks conceptually beyond day-to-day business realities; creates a clear vision and goals and adopts a long-term perspective; anticipates emerging issues.

  Proven experience in delivering large savings and value in a procurement function

  Able to work in a cross-functional international team environment and collaborate effectively across different organizational levels, functions, businesses, and geographies to realize procurement goals and objectives.

  About Manulife and John Hancock

  Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

  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 .

  Salary & Benefits

  The annual base salary for this role is listed below.

  Primary Location

  Toronto, Ontario

  Salary range is expected to be between

  $84,375.00 CAD - $151,875.00 CAD

  If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

  Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

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