Procurement Sourcing Specialist
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
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Job Description:
We’re looking for a Procurement Sourcing Specialist to join our Global Procurement Operations team at MBPS. This role is strategic in maintaining the relationship between the company and its third-party vendors throughout the end-to-end procurement process, with a focus on client satisfaction. Additionally, the role supports 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 and meet 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 the 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: 9:00 AM to 6:00 PM; Required Work-On-Site Schedule: 3 times a week (Monday to Wednesday or Tuesday to Thursday)
- Minimum of 5 years of experience in Procurement and Supply Chain
- Familiarity with contracts, including main clauses required for specific types of agreements, 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
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Company profile
MBPS is an integrated network of Service Delivery Centers, with the commitment of being a service center of choice for the segments we support, and an employer of choice that attracts, develop, reward, and retain a highly diverse and engaged workforce.
Established in the Philippines in 2006, MBPS is the global shared service center of Manulife which provides broad range of administrative, finance, investments, marketing, underwriting, actuarial, and information technology services to Manulife and John Hancock operations in Canada, the United States, and Asia.