Senior Partner, Sourcing at Definity, Waterloo is listed at Definity in Waterloo, ON. The Beaver Board aggregates this opening from the employer's career page — apply using the button below to reach the official application. Browse more jobs at Definity.
job description
AI Summary
Definity is seeking a Senior Partner, Sourcing for a 20-month contract position in Waterloo, Ontario, operating under a hybrid work model. This role involves developing and executing strategic sourcing initiatives, negotiating contracts, and managing vendor relationships to support the Technology Services department. Key requirements include significant procurement experience, strong negotiation skills, and a deep understanding of technology procurement practices. The successful candidate will play a critical role in delivering value through robust vendor partnerships and effective risk management.
The Opportunity at Definity
Join Definity's forward-thinking procurement team as a Senior Partner, Sourcing, where you will play a pivotal role in supporting the Technology Services Organization. This 20-month contract position, based in Waterloo, Ontario, offers a hybrid work model, blending in-office collaboration with remote flexibility. We are seeking a highly motivated and skilled Procurement Sourcing Partner who thrives in a fast-paced, regulated environment and is passionate about delivering exceptional value through strong vendor partnerships and astute risk management. Your expertise in strategic sourcing will be crucial in developing and executing strategies to ensure the availability of high-quality services for our organization and its customers. This role demands a strategic thinker with proven experience in navigating complex procurement landscapes.
Key Responsibilities and Expertise
As a Senior Partner, Sourcing, your responsibilities will encompass strategic sourcing and contract negotiations, leading RFx processes, and supporting contract negotiations with vendors to achieve organizational value and savings. This includes conducting financial reviews, cost comparisons, and comprehensive external market and vendor analysis. You will be instrumental in establishing category strategies, collaborating with internal stakeholders to understand business needs, and liaising with external vendor partners. A significant aspect of this role involves robust contract management, where you will partner with Legal Services to resolve discrepancies, establish new contracts, manage renewals, and interpret terms to address contractual gaps, ensuring agreements mitigate organizational risk.
Furthermore, you will be responsible for proactive risk management, working with second-line risk functions to assess and mitigate risks inherent across the vendor lifecycle, with knowledge of applicable regulatory requirements like OSFI B-10. Strong relationship management skills are essential for developing and maintaining connections with both internal stakeholders and external vendor partners, providing guidance on sourcing options and identifying strategic opportunities. The role also requires strong project management capabilities, independently facilitating information gathering, establishing reliable schedules, and managing multiple priorities to ensure deliverables are met within established timelines. Significant sourcing and procurement experience, particularly in technology procurement (cloud computing, software, data, AI, hosting), is required, alongside 7-10 years of direct experience in negotiating and drafting agreements. Proficiency in executive-level presentation materials and a data-driven approach to decision-making are also highly valued.
What You Bring to Our Team
The ideal candidate for this Senior Partner, Sourcing role will bring 7-10 years of experience in a similar corporate or business environment, with direct experience in negotiating and drafting agreements. You are an effective communicator, influencer, and negotiator with strong interpersonal skills, capable of fostering robust vendor relationships. Your strategic thinking, analytical abilities, and problem-solving skills are paramount, supported by a data-driven approach to decision-making in all aspects of procurement and sourcing. Expertise in negotiation, presentation, facilitation, project management, and planning is considered second to none. You are highly organized, detail-oriented, and adept at working effectively in a fast-paced environment, prioritizing tasks, and consistently meeting deadlines. As a seasoned procurement professional, you possess a full understanding of applicable legislation and industry best practices related to contract agreements and risk management. While not mandatory, experience using various procurement tools, including dynamic sourcing tools, auctions, spend analytics, procure-to-pay, contract lifecycle management, vendor management, and third-party risk management, would be a significant asset. Definity values potential, and encourages applicants to highlight their capabilities even if their exact experience differs. The salary range for this position is $73,500 - $123,500, with actual salary varying based on factors like skills, education, experience, and work location.