Category Manager, HK Procurement

Overview Join to apply for the Category Manager, HK Procurement role at Manulife . This role reports to the Category Lead, HK Procurement and is responsible for the end-to-end management of spend categories in Hong Kong, including developing and executing a global sourcing and vendor management strategy. Initially, 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 deep knowledge of the category to identify and implement effective cost reduction strategies and change management plans. Responsibilities Thoroughly understand spend category, vendor landscape, industry trends, and new developments and service offerings. Apply analytics to identify cost and demand reduction opportunities. Integrate with the leadership teams of the businesses supported to understand goals and priorities. Generate and leverage market and supplier intelligence and data for sourcing and negotiation strategies. Execute on medium to high value/complexity sourcing projects and contracting efforts. Lead the RFP, RFQ and RFI processes for Hong Kong. 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 business partners. Coordinate external resources and subject matter experts (legal, risk, finance, etc.). Drive and lead the negotiation process, with support from legal and risk as required. Track, monitor, and manage sourcing and contracting progress in Hong Kong, including risk and benefits realization. Interface with business partners and vendor/contract managers; oversee and support vendor/contract managers in execution of initiatives. Quantify savings, drive efficiencies, centralize competencies and maximize the value of vendor relationships. Define, report, and achieve vendor metrics and reporting (strategic and tactical). Influence supplier negotiation strategies in conjunction with Tower Lead. Understand and leverage key vendor relationships within the category; lead supplier negotiations for complex transactions and ensure execution of strategy for MIL Hong Kong. Other duties as assigned. Required Qualifications Undergraduate degree (in procurement, business or finance preferred) with 6+ years of progressive 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. Fluent in Cantonese (written and spoken). Excellent written and spoken command of English. In-depth knowledge of sourcing and procurement principles and best practices. Experience working in the relevant spend category, directly and/or in a procurement organization. Strong negotiation skills with vendors. Experience with sourcing and procurement systems and tools. Solid analytical skills. Understanding of standard contractual terms and conditions to mitigate legal and business risk. Experience in vendor governance and risk management. Knowledge of legislative and regulatory requirements relating to third-party outsourcing in the jurisdictions where Manulife operates. Technical and professional knowledge of procurement and vendor management principles and best practices. Problem analysis and decision-making abilities with attention to detail and the ability to synthesize complex information. Proven initiative and ability to drive change and process transformation; comfortable in high-pressure environments. Strategic thinking with a long-term perspective; global thinking and collaboration skills. Strong communication and collaboration skills; ability to interface with stakeholders at all levels. Collaborator who shares resources and builds an extensive internal and external network. When You Join Our Team We’ll empower you to learn and grow the career you want. We’ll recognize and support you in a flexible environment where well-being and inclusion are valued. As part of our global team, we’ll support you in shaping the future you want to see. About Manulife And John Hancock Manulife Financial Corporation is a leading international financial services provider. To learn more about us, visit Equal Opportunity Employer Manulife/John Hancock embraces diversity and strives to attract, develop and retain a workforce that is as diverse as the customers we serve. We are committed to fair recruitment, retention, advancement and compensation, and we administer all 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. A Human Resources representative will assist applicants requesting a reasonable accommodation during the application process. To request accommodation, contact Working Arrangement Hybrid Seniority level Mid-Senior level Employment type Full-time Job function Marketing and Sales Industries Insurance #J-18808-Ljbffr