Procurement Analyst I

Nov 7

Job
Full-time
Junior Level
Logistics
Mississauga
Quick Apply

AI generated summary

You need post-secondary education or 1+ years experience, ideally in purchasing or strategic sourcing, with skills in Ariba, e-sourcing tools, reporting, stakeholder management, and strong communication.
You will manage sourcing initiatives, place and track POs, support procurement tools, analyze data, and maintain stakeholder communication while driving process improvements and risk management.

Requirements

Post-Secondary Education and / or
1+ years of experience
Post-Secondary education/or equivalent experience
Experience in the following is considered an asset:
A Purchasing role or demonstrated experience of Strategic Sourcing practices.
Work experience on the Ariba tool
Experience with e-sourcing tools
Experience in building dashboards and reporting
Previous Buying or Purchasing experience.
Demonstrated experience of Strategic Sourcing practices
Previous experience working in the procure to pay and source to contract process.
Strong knowledge of buying group functions and customer service
Strong commercial acumen and business judgment
Demonstrated stakeholder/relationship management skills.
Ability to multitask and work in a fast pasted, customer-service focused environment.
Excellent communication (written and oral) and interpersonal skills
Excellent working knowledge of office software applications, including Microsoft Word, Excel, PowerPoint, and Outlook
The role would be considered for Mississauga, Ontario-Canada.

Responsibilities

Manage sourcing initiatives covering a range of complexity that support TD and business partner needs and objectives as well as help to mitigate risks to the organization.
Responsible for the management and support of all SSG purchasing tools and is a subject matter expert on PO's, e-Auctions and Contract Compliance within the Ariba tool.
Responsible for placing PO's, coordinating with vendors, and tracking PO progress and vendor invoicing.
Manage issues with RFxs, e-Auctions, Contract Compliance and POs in an efficient and timely manner. Ensure data accuracy within the tools and provide recommendations of ways to operate in more efficient and cost-effective manner.
Drive value through early engagement, commercial acumen, market knowledge and understanding of the Ariba tool.
Proactively engages with the Strategic Sourcing Functions and Purchasing Team to identify new opportunities to leverage purchasing tools and processes, and/or e-Auction related buying strategies.
Ensure effective delivery of Strategic Sourcing Group (SSG) services to business partners.
May support the monthly reporting and tracking for departmental KPI's and Savings Targets
Ensure data accuracy within the tools and provide recommendations of ways to operate in more efficient and cost-effective manner.
Ability to analyze data and provide information to support Strategic Sourcing Group (SSG) buying/ sourcing decisions. Provide detailed analysis and reports on sourcing events to stakeholders.
Maintain clear and consistent communication with all stakeholders, including suppliers and internal teams and provide timely updates on the status of sourcing events and address any queries or concerns.
Maintain accurate records of all sourcing events and related documentation.
May assist in developing and updating sourcing templates, guides, and documentation.
Foster strong collaborative relationships with partners in SSG (TPRM, Category Leads, etc.), the business, and vendor management communities
Consistently exercise discretion in managing correspondence, information, and all matters of confidentiality; escalate issues where appropriate.
Be knowledgeable of sourcing practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area.
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high-risk activities as necessary.
Conduct internal and external research projects; support the development / delivery of presentations / communications to management or broader audience.
Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist.
Acquire and apply sourcing expertise, provide guidance, assistance, and direction to others.
Identify, recommend, and effectively execute standard practices applicable to the discipline.
Adhere to internal policies/procedures and applicable regulatory guidelines.
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.
Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation, and teamwork and ensure timely communication of issues/ points of interest.
Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit.
Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.
Participate in personal performance management and development activities, including cross training within own team.
Keep others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities.
Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate.
Contribute to a fair, positive and equitable environment that supports a diverse workforce.
Act as a brand ambassador for your business area/function and the bank, both internally and/or externally
First level professional role with focus on performing functional specialized business services or support within defined parameters as directed.
Requires basic experience and skills and provides standard reporting and /or analysis as directed.
Requires basic knowledge of the function and / or the business supported.
Focuses on developing conceptual knowledge of sourcing / procurement practices and procedures.
Understands key business and functional drivers and processes in the context of their own work.
Uses existing established methods and procedures to complete assignments and / or solve problems.
Generally, works within well-defined parameters under the direction of management and/or senior analysts.
Generally, reports to Senior / Manager role.

FAQs

What is the work location for the Procurement Analyst I position?

The work location for the Procurement Analyst I position is in Mississauga, Ontario, Canada.

What are the working hours for this role?

The working hours for this role are 37.5 hours per week.

What is the salary range for the Procurement Analyst I position?

The salary range for the Procurement Analyst I position is between $51,400 and $72,600 CAD.

What qualifications are needed for this role?

A post-secondary education is required, along with at least 1 year of experience. Experience in a purchasing role or with the Ariba tool is considered an asset.

What key skills are necessary for this position?

Strong analytical skills, proficiency in Excel, excellent communication (written and oral), and stakeholder/relationship management skills are necessary for this position.

Is experience with the Ariba tool beneficial for this role?

Yes, experience with the Ariba tool is preferred and is considered an asset for the Procurement Analyst I position.

Will I receive training for this role?

Yes, training and onboarding sessions will be provided to ensure you have everything you need to succeed in your new role.

Is there a focus on career development within TD?

Yes, TD is committed to colleague development through regular career conversations, access to an online learning platform, and mentorship programs to help you grow within the organization.

What kind of team environment can I expect?

You can expect a positive work environment that promotes service to the business, quality, innovation, teamwork, and open communication.

How important is stakeholder communication in this role?

Maintaining clear and consistent communication with all stakeholders, including suppliers and internal teams, is crucial for this role.

Are diversity and inclusion emphasized at TD?

Yes, TD fosters a fair, positive, and equitable environment that supports a diverse workforce.

What type of benefits does TD offer?

TD offers a Total Rewards package that includes a base salary, health and well-being benefits, savings and retirement programs, paid time off, banking benefits, and various career development opportunities.

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Mission & Purpose

The Toronto-Dominion Bank & its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by branches & serves approximately 22 million customers in a number of locations in key financial centres around the globe. Over 85,000 TD employees represent the strongest team in banking. Delivering legendary customer experiences is who we are & is part of being the Better Bank. Visit our Careers page to learn more about TD & why TD is a great place to work.