Procurement Manager

This Procurement Manager is responsible for the end-to-end management of his/her spend categories in Philippines, including developing and executing a country sourcing and vendor management strategy.

The focus will be on the end-to-end execution of all procurement initiatives including strategic initiatives where engaging of external vendors in-scope of Procurement. Working closely with key stakeholders in the businesses, the incumbent will leverage his/her deep knowledge of the category, to identify and implement effective cost reduction strategies and change management plans. He or she will deliver targeted savings through actions such as consolidating local country, and/or Asia regional (or global) company purchasing volume and applying total cost of ownership levers to reduce cost and manage contracts with suppliers

Position Responsibilities:

• Thoroughly understand spend category, vendor landscape, industry trends, and new emerging developments and service offerings. Apply analytics to identify cost and demand reduction opportunities.
• Integrate closely with the leadership team(s), project team, business owners of the businesses he/she supports to understand business unit goals and priorities.
• Generate and leverage market and supplier intelligence and data for development of sourcing and negotiation strategies.
• Execute on medium to high value/complexity sourcing projects and contracting efforts
• Lead the RFP, RFQ and RFI process for Philippines
• Determine sourcing strategy and conduct analysis and negotiations for category assigned
• Work with business partners to collect and finalize requirements necessary to evaluate and select suppliers
• Develop terms sheet based on negotiation strategies, with input from the business partners.
• Proactively coordinate and schedule external resources and subject matter experts (legal, risk, finance, etc.)
• Drive and lead the negotiation process, with consultative support, as required, from legal and risk.
• Track, monitor, and manage sourcing and contracting agenda across Philippines including progress, risk, and benefits development and realization
• Interface directly with business partners and vendor/contract managers
• Oversee and support vendor/contract managers in execution of business-led initiatives assigning internal support resources as necessary.
• Quantify savings achieved, drive efficiencies, centralize competencies and maximize the value of vendor relationships
• Define, report, and achieve vendor metrics and reporting – both strategic and tactical
• Influence and develop supplier negotiation strategies in conjunction with Asia Procurement Tower Lead
• Holistically understand and leverage key vendor relationships within a specific category
• Lead supplier negotiations, particularly for complex transactions, and ensure execution of developed strategy for Philippines
• Work with Procurement Country Lead to analyze and develop country strategy, drive execution and outcome of the strategy
• Other duties as assigned

Required Qualifications:

• Bachelor's degree (business or finance preferred)

6+ years of progressive business experience in procurement, sourcing and vendor/contract management roles
- In-depth knowledge of sourcing and procurement principles and best
- Experience with sourcing and procurement systems and tools
- Solid analytical skills
- Understanding of standard contractual terms and conditions to mitigate legal and business risk
- Experience in vendor governance and risk management
- Knowledge of relevant legislative and regulatory requirements relating to management of third-party outsourcing in the jurisdictions in which Manulife operates
- Experience working in the relevant spend category, directly and/or in a procurement organization, with understanding of market trends, insights and technologies for Non-IT and/or IT categories
- Good negotiations skills – ability to negotiate commercial and contractual terms with the vendors

When you join our team:

• We'll empower you to learn and grow the career you want.
• We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we'll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit .

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .

Working Arrangement

Hybrid