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About the Role

We are seeking a highly motivated and skilled Senior Procurement Sourcing Partner to join our dynamic team supporting the sourcing and procurement needs of various departments within Definity such as Claims, Technology Solutions as well as Indirect Spend (Corp. Services, HR, Finance, etc.). As a Senior Sourcing Partner, you will be responsible for developing and executing sourcing strategies to ensure the availability of high-quality services for our organization and customers. Your role will involve conducting market research, identifying potential suppliers, facilitating RFx processes, negotiating pricing and contract terms, presenting to executives/steering committees and managing relationships with key stakeholders. The ideal candidate will possess strong analytical abilities, exceptional negotiation skills and a deep understanding of procurement practices.

Responsibilities

Build and execute sourcing strategies for complex and/or high-dollar value engagements.
Lead RFx/competitive bid processes, including negotiation strategy and/or support on contract negotiations with vendors to deliver value and savings.
Conduct financial reviews and cost comparisons.
Perform external market and vendor analysis, including analyzing purchasing trends and data.
Establish category strategy.
Collaborate with internal stakeholders to understand business needs.
Liaise with external vendor partners.
Create and deliver presentations to senior leaders and executives throughout the lifecycle of sourcing initiatives.
Collect appropriate artifacts and complete required internal documents to conclude sourcing events.
Act as the liaison between internal clients and vendors to resolve problems and/or discrepancies, establish new contracts, renewals or terminations of contracts and interpret terms & conditions to address contractual gaps.
Deliver robust and comprehensive agreements that meet business requirements while mitigating organizational risk.
Proactively plan the contract lifecycle to identify and action renewals in a timely fashion and address any compliance concerns.
Assess and mitigate risk in partnership with second line risk functions.
Develop and maintain strong working relationships with internal stakeholders and external vendor partners.
Collaborate with cross-functional teams to understand their requirements and provide guidance on sourcing options and identify strategic opportunities.
Independently facilitate information gathering sessions with stakeholders and establish reliable schedules for priority projects/action items.
Self-manage to ensure deliverables are completed within established timelines.
Manage multiple priorities simultaneously while ensuring internal processes are followed to capture status updates and key metrics.
Prepare and present presentations on sourcing activities, supplier performance, cost savings and other relevant aspects to senior and executive management.
Conduct comprehensive market research and supplier evaluations to identify potential vendors and assess their capabilities, quality standards, and pricing models.
Analyze market trends, monitor industry developments and identify opportunities for cost savings, process optimization, and risk mitigation.

Requirements

Insurance industry experience preferred.
Significant sourcing/procurement experience, strong knowledge of procurement processes, sourcing strategies and contract management principles in one or more of the following areas: Claims Sourcing (Insurance, Claims, Professional Services, Financial Institutions, outsourcing and managed services experience is an asset), Technology Sourcing (cloud computing, software, data, AI, hosting experience required), Indirect Sourcing (experience supporting business stakeholders within Human Resources, Professional Services, Corporate Services, Finance, Marketing).
7-10 years’ experience in a similar role within a corporate / business environment with direct experience in negotiating and drafting agreements.
Effective communicator, influencer and negotiator with strong interpersonal skills.
Solution-oriented strategic thinker demonstrating analytical and problem-solving abilities, with a data-driven approach to decision-making.
Proficiency in the development of executive level presentation materials.
Negotiation, presentation, facilitation, project management and planning expertise.
Highly organized with attention to detail and ability to work effectively in a fast-paced environment, prioritize tasks and meet deadlines.
Seasoned procurement professional with a full understanding of applicable legislation and industry best practices related to contract agreements.
Experience using a variety of procurement tools including dynamic sourcing tools, auctions, spend analytics, procure-to-pay, contract lifecycle management, vendor management and third-party risk management is an asset.
Completion of post-secondary education (university degree or public college diploma).
French language proficiency (written and verbal) would be beneficial but is not required.
High degree of proficiency with English required to service customers, both internal to the company and external, across Canada.
Successful clearance of a background check (including criminal checks and leadership references).

Skills

Sourcing strategies
Procurement processes
Contract management
Negotiation
Market research
Supplier identification
RFx processes
Financial analysis
Cost comparison
Vendor analysis
Purchasing trends analysis
Category strategy development
Stakeholder collaboration
Vendor relationship management
Presentation delivery
Contract lifecycle management
Risk assessment and mitigation
Relationship management
Project management
Information gathering
Schedule management
Task prioritization
Deadline management
Data analysis
Problem-solving
Executive presentation development
Procurement tools (dynamic sourcing, auctions, spend analytics, P2P, CLM, VMS, TPRM)
Applicable legislation and industry best practices

Location

Canada

Work Type

Hybrid

Experience Level

Senior
7-10 years

Education Level

University degree or public college diploma
CSCMP designation (asset)

Salary/Compensations

$73,500 - $123,500

About the Company

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance.
Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers.
We embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with.
Bring your true self and be a part of our journey. It’s better here.

Equal Opportunity

Our inclusive work environment welcomes diversity and supports accessibility.
As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.