Procurement – IT Strategic Sourcing Analyst

Job ID: 20928

Job Overview

  • Company Name Direct IT Recruiting
  • Job Start Date Sun, 19 Sep 2021 06:12:24 GMT
  • Job Type Full Time - Permanent
  • Job Source Careerjet

Job title: Procurement – IT Strategic Sourcing Analyst

Job description: Overview

Location: Toronto

Length: 1-Year Contract

Work Experience: 5+ years of IT License, Contract Management, Reporting Analysis, Procurement, Strategic Sourcing, legal, PCO, ITIL, Six Sigma, ServiceNow, Workday, Excel, Access, SQL, Scorecard, KPI

Industry: Bank, Financial


The Analyst will work closely with internal clients, team members, stakeholders, contractors and vendors to manage and report on the enterprise contractor workforce and Enterprise Operations budget. The key focus areas for this role are:

– Vendor Management – supporting procurement activities, RFP events

– Contract Management – contract navigation support

– Reporting – Financial, budget and resource management, spend data gathering, spend data analysis

– Project management, process improvement (PCO type activities)

– Manage contractor recruitment, from sourcing to offer

– Implement and maintain processes for contractor recruitment, including approvals, sourcing, scheduling interviews, testing, negotiating rates, perform required due diligence (criminal and credit checks, code of conduct).

– Document and maintain process maps and standard operating procedures (SOP) for contractor recruitment

– Establish and maintain relationships with vendors to source candidates for contracting engagements

– Negotiate contractor rates and terms with external agencies, vendors and independent contractors as necessary

– Continuously identify opportunities and requirements to improve contractor recruitment processes

– Support contract management by drafting legal documents

– Work with Legal to prepare, review and execute master service agreements (MSA), statement of work (SOW), SOW renewals and terminations to engage, renew and terminate contractors

– Work with contract managers and vendors to renew/terminate contracts as required

– Implement and maintain process to on-board successful contractor candidates and exit expired/terminated contracts

– Continuously identify opportunities and requirements to improve and enhance contract management processes to support operational efficiency

– Create and document vendor management processes to ensure policy adherence

– Assisting Manager and Director in the execution of processes to manage the Enterprise Operations budget; includes, but is not limited to:

– Investigation of monthly variances with cost center owners

– Collection and analysis of data to support annual cost allocation process

– Collection and analysis of data to support benchmarking initiatives

– Data analysis to assess vendor performance (scorecards, KPIs)

– Participation in the preparation and enhancement of reporting packages for internal clients.

– Implement and maintain processes for processing of vendor invoices

– Implement and maintain processes for management of internal and external resources in related internal systems


– Bachelor’s degree in Business Management or related discipline preferred

– 5+ years of procurement, strategic sourcing experience

– Must have experience in vendor and/or resource contract management, particularly recruitment and termination of contracts.

– PCO type activities – experience with project portfolio management in the areas of: effort allocation, timesheet completion and approvals, payment of contractor invoices (expense, capital), resource capture, etc.

– Reporting – financial reporting, budgeting, forecasting and financial analysis

– ITIL – an asset

– Six Sigma, Lean Six Sigma – an asset

– HP ServiceNow – an asset

– Workday – an asset (or other HR System, ATS, Applicant Tracking / Recruiting System)

– Strong knowledge of Excel, Access, SQL, VLOOKUP, Pivot Tables

– Scorecard experience – an asset

– KPI experience – an asset

Tagged as: Access, Bank, contract management, Excel, ITIL, KPI, legal, PCO, procurement, scorecard, ServiceNow, Six Sigma, SQL, strategic sourcing, Workday


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