Job Description

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement Hybrid



The opportunity

This role is responsible for the end-to-end management of his/her spend categories in Singapore, including developing and executing a global sourcing and vendor management strategy.

At first, the focus will be on the end-to-end execution of strategic initiatives. 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 Asia regional (or global) company purchasing volume and applying total cost of ownership levers to reduce cost and manage contracts with suppliers.

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) 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 Singapore.
• Determine sourcing strategy and conduct analysis and negotiations for projects.
• 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 Singapore 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 \xe2\x80\x93 both strategic and tactical
• Influence and develop supplier negotiation strategies in conjunction with 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 Singapore
• Other duties as assigned

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.
• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You thrive in teams and enjoy getting things done together.
• You take ownership and build solutions, focusing on what matters.
• You do what is right, work with integrity and speak up.
• You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for?

Required

• Undergraduate degree (in procurement, business or finance preferred) with 6+ years of progressive business experience in procurement, sourcing and vendor/contract management roles.
• Minimum 3 years of working in Asia region and virtual environments
• Experience working in international companies
• Solid knowledge of procurement, vendor management and contractual best practices
• Good negotiations skills \xe2\x80\x93 ability to negotiate commercial and contractual terms with the vendors
• Experience with sourcing and procurement systems and tools
• Excellent written and spoken command of English

Good to have

• Experience working in the relevant spend category, directly and/or in a procurement organization
• 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

What can we offer you?

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture

We lead with our Values every day and bring them to life together. * Boundless opportunity

We create opportunities to learn and grow at every stage of your career. * Continuous innovation

We invite you to help redefine the future of financial services. * Delivering the promise of Diversity, Equity and Inclusion

We foster an inclusive workplace where everyone thrives. * Championing Corporate Citizenship

We build a business that benefits all stakeholders and has a positive social and environmental impact.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as \xe2\x80\x98MFC\xe2\x80\x99 on the Toronto, New York, and the Philippine stock exchanges, and under \xe2\x80\x98945\xe2\x80\x99 in Hong Kong.

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 .

Manulife