09 Jan
SPECTRAFORCE
Toronto
Position Title: Sourcing Analyst
Duration/end date: 12 months
Working hours: Mon-Fri 9am-5pm, 37.5 hours weekly
Working Location: Toronto, ON
Hybrid work requirements: Hybrid (2 days in office weekly) – GTA-based candidates only as commute will be required
Pay Rate: $39.20/hr.
Role Mandate:
- This group supports the implementation and ongoing delivery of projects for a Sourcing operations environment that provides a consistent and exceptional stakeholder experience, enforces internal / external control standards and minimizes risk. Analyzes data and creates documents and plans in service of informing, advising, or updating stakeholders.
- The team oversees the contracts for Bank’s marketing vendors providing media, digital,
promotions and sponsorship services to Bank's. Current project work is approx. 60% contract renewal and 40% net new contracts (new vendors, negotiations). There are roughly 15-20 projects in flight at any given time, each with different start and end dates.
Team Structure:
- The team consists of 14 members who work closely together and with category managers in a collaborative nature. The selected candidate will have ample opportunity to work with the current individual in this role leading up her to leave time.
Role Responsibilities:
- Collaborates with internal and external stakeholders to deliver on business objectives.
- Prepares preliminary Project Opportunity Strategies/ Deal Summaries.
- Executes work to deliver timely, accurate, and efficient service.
- Conducts analysis and develops insights and recommendations that are actionable in alignment with project/program goals.
- Conducts market research and benchmarking activities.
- Gathers and formats data into regular and ad-hoc reports, and dashboards.
- Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.
- Perform spend analysis utilizing Spotfire dashboards as required.
- Prepare Data for customized reports for Middle Office Management.
- Identifies areas of opportunity through analyses of industries and supply markets, cost models for products and services, supplier category spend, and the performance of key suppliers in the market.
- Incorporates market leading process and practices, to mitigate risk, to drive innovation and to maximize overall value for assigned sourcing categories and portfolios.
- Prepares project plans and keeps key stakeholders informed of the process and progress.
- Manage multiple programs/projects simultaneously and resolve conflicting priorities and objectives.
- Designs and produces regular and ad-hoc reports, and dashboards.
- Maintains knowledge of leading sourcing practices and promote adoption of sourcing standards.
- Organizes work information to ensure accuracy and completeness.
- Continuously upgrade knowledge on event and sourcing methodologies with a specific focus on strategic category development.
- Effectively communicate key messages/recommendations/results to all managerial levels.
- Provides input into the planning and implementation of operational programs.
- Focus may be on a business/group.
- Thinks creatively and proposes new solutions.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works mostly independently.
- Broader work or accountabilities may be assigned as needed.
Must Have Skills:
- Vendor sourcing background.
- Experience with vendor contractors (creating and negotiating).
- Relevant strategic sourcing,
supply chain and/or procurement work experience.
- Knowledge of sourcing/procurement processes, procedures, and controls.
- Knowledge of business analysis, project delivery practices and standards across the project lifecycle.
- Knowledge of sourcing and procurement systems and applications.
- Able to network and manage vendor relationships.
- Able to prioritize and manage time efficiently.
- Able to lead discussions and excellent communication skills (written, verbal).
- Excel and spreadsheet analysis.
- Has experience in compiling, synthesizing and drawing insights from a variety of research sources.
- Analytical and problem-solving skills.
Nice to Have Skills:
- Marketing background (media, digital, promotions, sponsorships).
- Competitive vendor sourcing experience.
- Knowledge of relevant risk and regulatory requirements.
- Knowledge of Sourcing in Financial Services or Technology industries.
- Financial Services, Financial or Cost Management experience.
- Technically inclined.
About Us: Established in 2004, SPECTRAFORCE® is one of the largest and fastest-growing diversity-owned staffing firms in the US. The growth of our company is a direct result of our global client service delivery model that is powered by our state-of-the-art A.I. proprietary talent acquisition platform, robust ISO 9001:2015/ISO 27001 certified processes, and strong and passionate client engaged teams. We have built our business by providing talent and project-based solutions, including Contingent, Permanent, and Statement of Work (SOW) services to over 140 clients in the US, Canada, Puerto Rico, Costa Rica, and India. Key industries that we service include Technology,
Financial Services, Life Sciences, Healthcare, Telecom, Retail, Utilities and Transportation. SPECTRAFORCE is built on a concept of “human connection,” defined by our branding attitude of NEWJOBPHORIA®, which is the excitement of bringing joy and freedom to the work lifestyle so our people and clients can reach their highest potential. Learn more at: http://www.spectraforce.com
Benefits: SPECTRAFORCE offers a Group Registered Retirement Savings Plan (RRSP) Program to all eligible employees. We also offer an Employee Assistance Program (EAP) and an employee discount program, which provides exclusive access to thousands of discounts on travel, entertainment, and more. SPECTRAFORCE offers unpaid leave as well as paid sick leave, paid holidays, and paid vacation as required by law.
Equal Opportunity Employer:
SPECTRAFORCE is an equal opportunity employer and does not discriminate against any employee or applicant based on race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital status, family status, genetic characteristics, disability, conviction for an offence for which a pardon has been granted or in respect of which a record suspension has been ordered, or any other prohibited grounds as identified by provincial or territorial law. Please contact Human Resources at [email protected] if you require reasonable accommodation.
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws.
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