Strategic Sourcing Consultant

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Location: We support US flexible working arrangements in the contiguous 48 states.   

At Sun Life, we look for optimistic people who want to make life brighter for our Clients. We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work. Every day, you’ll be empowered and challenged by working with dynamic colleagues to find new and innovative ways to make Sun Life the best benefits company in America.  

The Focus:

This role is expected to perform analysis and drive business implications independently with minimum guidance. Such analysis include (but are not limited to) benchmarking, total cost of ownership, RFP responses analysis, cost saving, etc. Preparing and presenting sourcing recommendations and strategic initiatives, using data visualization techniques will be a key part of the role.

The opportunity:  

How You’ll Find Success

• Demonstrating an ability and drive to learn within a fast-moving team, while being able to demonstrate proactiveness and enthusiasm for procurement
• Identifying and meeting local and regional requirements while implementing global standards
• Listening to and appropriately addressing stakeholder feedback regarding quality of work and work prioritization
• An ability to provide flexible and creative procurement support, exhibit high standards of corporate governance and process compliance, and proactively identify opportunities
• An ability to communicate with and work closely with the procurement leadership, and also with senior stakeholders in the business/service function within Sunlife

​How You’ll Grow

• Expand Your Horizons: Gain exposure to diverse work cultures and global business practices
• Become a Strategic Partner: Build strong relationships with senior leadership and contribute to Sunlife' overall success
• Make a Lasting Impact: Leave a legacy of positive change, shaping the future of work for Sunlife employees worldwide
• Learning on the go: have an open mind and willingness to learn from best in class procurement specialists

How you will contribute:  

• Conduct regular detailed spend analysis to identify trends and opportunities by category, subcategory, business unit and geography, or as required
• Analyze large datasets to uncover trends, risks and cost-saving opportunities in sourcing strategies across various categories
• Conduct market research and benchmarking analysis to evaluate potential suppliers, track market trends, and identify emerging opportunities for strategic partnerships
• Perform required contract management activities, including processing amendments, monitoring expiration dates, updating supporting documentation, etc.
• Communication and management of relationship with external suppliers and partners at the relevant seniority levels as part of sourcing processes, for example, scheduling of supplier negotiation meetings, etc.
• Supporting organization-wide procedures for governance, risk and compliance management that manage, mitigate and minimize risks to Sunlife and its clients and partners
• Preparation of relevant data to enable tracking of management information and KPIs such as category savings, procurement timescale SLAs
• Ownership of elements of the sourcing process, under the guidance of the relevant Stakeholder. This may include identification of potential suppliers, market research, production of tender documentation, management of RFx timelines, supplier evaluation, and support of negotiations
• Acquiring, maintaining and developing expertise, knowledge and information to support continuous improvement in allocated category(ies) from relevant internal and external sources

What you will bring with you:  

• 3+ years experience in Consulting or Financial Services; Procurement experience is a plus