Sr Analyst, Strategic Sourcing

At Fairstone, our culture is built on strong values and leadership principles that define the expectations we have for working together and with our customers. We help Canadians find the right solution to meet their needs with a variety of products and services. Our values and principles guide the actions we take to ensure our customers get the best experience possible.

Be part of our talented and growing team! We are currently looking for a Senior Analyst, Strategic Sourcing, to join our team, reporting to the Senior Manager, Strategic Sourcing. 

As a Senior Analyst, Strategic Sourcing, you will be involved in supporting procurement activities such as purchase orders and contracts, assisting with the negotiation, drafting, and ongoing management of various contracts like MSAs, SOWs, and LMAs. It also includes collaboration with Legal, vendors, and business areas, leading sourcing events like RFx and contract negotiations or renewals and conducting analyses to provide recommendations on contracts.

"Be a part of our inclusive workplace where diverse perspectives drive innovation and excellence."

WHY JOIN US?

BECAUSE WE ARE PROUD TO BE One of Montreal's Top Employers for 2024 for the fourth consecutive year by the editors of Canada's Top 100 Employers.

WE OFFER:

• Work-Life Balance: Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
• Wellness: Tailored well-being solutions available 24/7.
• Time Off: Minimum 15 paid vacations, 6 wellness days, with federal holidays.
• Community Support: Paid Volunteer Day to give back to your community.
• Retirement Planning: Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan
• Education: Tuition reimbursement program covering expenses up to $3,000 per year.
• Development: Access to Fairstone Academy for comprehensive training and skill development.
• Employee discounts: Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

WHAT WILL YOU WORK ON?

• Drive the contract negotiation process, with consultative support, as required, from other areas
• Proactively work with the business area to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy
• Plan and conduct sourcing events (e.g. RFI, RFP, contract negotiation/renewal, etc.)
• Track, monitor, and manage sourcing and contracting agenda including progress, risk, and benefits
• Provide the managers with advisory assistance in strategic sourcing
• Act as the issues/incident escalation point for the supplier that may have an enterprise-wide impact or not resolved at the business level
• Ensure the accuracy of purchase requisitions, PO details
• Conduct market intelligence activities 
• Lead due diligence activities to ensure contracts and renewals incorporate business and regulatory requirements
• Track calculations of penalties and disputes and participating in their settlement
• Maintain up to date the policies, procedures and processes regarding contract and procurement management
• Maintain and upgrade the systems and tools allowing adequate management of all procurement documents
• Create, maintain, and meet deadlines for procurement reporting and KPIs
• Perform other duties as assigned

WHO ARE WE LOOKING FOR

• Bachelor degree in Business or Engineering or equivalent
• 4-5 years of relevant experience
• Procurement and strategic sourcing experience in banking industry and OSFI guidelines
• Ability to develop and maintain strong relationships with multiple vendors and business partners both internal and external
• Strong financial acumen and negotiation skills
• Excellent written and verbal communication skills, comfortable and confident communicating at all levels including business partners, Executives and Vendors
• Excellent knowledge of computer software such as MS Office
• Familiarity with ERP systems

** This role is vacant**

We are honored to be recognized for offering a best-in-class workplace, incentives, and initiatives to our dedicated employees who have helped build Fairstone into an employer of choice.

WE ARE PROUD TO BE: Montreal's Top Employers 2024 by Canada’s Top 100 Employers!

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/

Full time

Job Type:Permanent