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indeed

IT Sourcing Manager

Manulife
Toronto, CAN
Full Time
Manager
Hybrid
1 weeks ago
IT SourcingContract NegotiationVendor ManagementStakeholder ManagementAnalytical SkillsMS Excel
Free

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IT SourcingContract NegotiationVendor Management
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Role Overview

  • This role is responsible for executing IT and Software sourcing and contracting initiatives end to end, from intake and strategy through negotiations, award, and contract execution.
  • Partners with Technology stakeholders, Legal, Risk, and Finance to deliver strong commercial outcomes and manage risk.
  • Contributes to continuous improvement across the Technology sourcing portfolio by providing benchmarking, analytics, and executive ready materials.

Position Responsibilities

  • Collaborate and lead cross functional teams to execute low to medium value/complexity sourcing projects and contracting efforts for IT and Software.
  • Plan and execute renewals/amendments, including tracking key expirations and developing renewal workplans with stakeholders.
  • Develop PxQ baselines and contract analysis, determine sourcing strategy, lead negotiations, and drive supplier selection recommendations.
  • Influence and shape business requirements needed to evaluate suppliers and enable timely, unified decisions.

Commercial Execution & Contract Negotiation

  • Read, understand, and negotiate commercial terms in current contracts and proposals; coordinate with Legal/Risk/Finance SMEs to close key gaps and finalize contract documents.
  • Ensure initiatives are logged and progressed through Ivalua intake to contract workflow; coordinate required SMEs.
  • Maintain clean deal documentation and workflow progression through procurement systems and CLM processes.

Stakeholder Management

  • Manage relationships with key business partners and project owners to maintain momentum, surface blockers early, and ensure alignment on tradeoffs and approvals.

Governance for Software/Technology Procurement

  • Support required governance inputs for technology purchases (e.g., architectural reviews/ARB thresholds and required pre requisites) to ensure the deal can proceed through internal approvals and onboarding.

Benchmarking, Analytics, and Business Cases

  • Conduct benchmarking and opportunity assessments to strengthen sourcing strategies and negotiation positions.
  • Provide business intelligence and insights to improve data driven sourcing decisions and portfolio prioritization.

Metrics, Dashboards, and Executive Communications

  • Define and track key performance metrics (pipeline, cycle time, sourcing outcomes) and develop dashboards or reporting views.
  • Create executive ready presentations that synthesize deal status, risks, tradeoffs, and opportunities for improvement.

AI

  • Contribute to AI enabled procurement improvements that directly support sourcing execution, such as AI assisted contract review/redlining, faster RFx drafting, improved spend/market intelligence, and workflow efficiency.

Required Qualifications

  • 6+ years of progressive experience in IT/software sourcing, procurement, vendor management, and/or consulting with direct responsibility for negotiations and contracting.
  • Demonstrated ability to lead cross functional sourcing initiatives and influence stakeholders without direct authority.
  • Strong commercial and analytical skills (baseline and market analysis; building negotiation strategy and options).
  • Strong written/verbal communication skills and ability to produce executive ready materials.
  • Working knowledge of procurement tools and workflows (intake to contract and contract lifecycle processes).
  • Advanced MS Excel / PowerPoint skills; familiarity with Power BI or similar analytics tools is an asset.

Preferred Qualifications

  • Prior experience in sourcing, strategy/management, consulting (or equivalent internal consulting/PMO experience).
  • Experience supporting AI related procurement work (e.g., AI tooling evaluations, AI contract addenda workflows, AI assisted sourcing enablement).
  • Experience sourcing and negotiating AI, machine learning, and generative AI solutions, including software, platforms, data services, and related professional services.
  • Post secondary degree in Business, Supply Chain, Finance, IT, or a related field or equivalent experience.

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