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Sr Partner, Sourcing

Job ID : 6088
Category : Finance
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Toronto, Canada

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Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change.

Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering.

Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do.

Starting in September, Definity employees move to a hybrid work model so we can collaborate, build mentoring relationships, and solve complex or cross-functional business opportunities together. Our teams work in whichever environment best supports what they're working on and who they're working with. We're actively reinventing our offices as welcoming workspaces that optimize collaboration and empower leaders to use our space to strengthen team dynamics. Our tools and processes seamlessly connect employees from multiple locations, and our culture encourages respectful engagement and flexibility. Leaders work with their teams to determine the right balance of on-site and remote work that best meets the needs of their team, cross-functional engagement, responsibilities and timelines, plus those of our customers, our broker partners, and the company culture.

What can you expect in this role?

  • Strategic Sourcing: build and execute sourcing strategies that include; a) analysis of vendors (RFx, data, etc.); b) financial reviews, cost comparisons; c) external market analysis, including analyzing purchasing trends; d) establishing category strategy; e) collaborating with internal stakeholders to understand business needs; f) liaising with external vendor partners; g) creating and delivering presentations to senior leaders throughout the lifecycle of sourcing initiatives.
  • Contract Negotiations: lead the negotiation strategy and/or support on contract negotiations with vendors to deliver value and/or savings to the organization
  • Contract Management: in partnership with Legal Services, act as the liaison between internal clients and vendors to resolve problems and or discrepancies, renew or terminate contracts, interpret terms and conditions and review and address contractual gaps. Deliver robust and comprehensive agreements that mitigate organizational risk.
  • Project Management: independently facilitates information gathering sessions with stakeholders and establishes reliable schedule for priority action items. Self-manage to ensure deliverables are completed within established timelines. Managing multiple priorities simultaneously.
  • Relationship Management: developing and maintaining strong working relationships with internal stakeholders and external vendor partners. Working on teams with a collaborative approach to identify strategic opportunities.

What do you bring to the role?

  • You have a completed post-secondary education (university degree or public college diploma), and potentially CSCMP designation
  • 7-10 years’ experience in a similar role within a corporate / business environment with direct experience in drafting agreements of all types
  • You have significant sourcing/procurement experience in one or more of the following areas: Insurance, Claims, IT and Professional Services and with experience with outsourcing and managed services is an asset
  • You are an effective communicator, influencer and negotiator with strong interpersonal skills
  • You are a solution oriented strategic thinker and problem solver
  • You have deep 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 as well as proficient in the development of executive level presentation materials
  • You’re a seasoned procurement professional with a full understanding of applicable legislation and industry best practices related to contract agreements
  • Your negotiation, presentation, facilitation, project management and planning expertise are second to none
  • Insurance industry experience would be beneficial but is not required

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Go ahead and expect a lot — you deserve it, and we’ve got it: 

  • Hybrid work schedule for most roles
  • Company share ownership program
  • Pension and savings programs, with company-matched RRSP contributions
  • Paid volunteer days and company matching on charitable donations
  • Educational resources, tuition assistance, and paid time off to study for exams
  • Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
  • Wellness and recognition programs
  • Discounts on products and services

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]

Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).

#LI-Hybrid

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