Procurement Analyst Co-op Student (Summer Term - May to August 2024)

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value.

Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees.

When you are part of Magellan, you are part of the team!

Position Summary

Magellan Aerospace, Corporate has an exciting new opportunity for a Procurement Analyst (Co-op Student) for the Summer term! (May 2024 to August 2024) with the possibility of extension to May 2025 (12 months total). The successful applicant will gain experience through on-the-job training and by performing essential work duties for the Corporate Procurement Department based out of our Kitchener office. The ideal candidate will be a Co-op student currently enrolled in a University or College program to obtain a business degree (BBA, MBA, HBA) or a degree in engineering.

Essential Responsibilities

• Support the Corporate Procurement team by developing and maintaining templates and dashboards using data analysis and visualization tools such as Microsoft Excel, Power BI or others.
• Explore new tools for continuous process improvement.
• Ad hoc analysis to support corporate initiatives.
• Support and or lead procurement projects associated with:
  • Supplier sourcing
  • Supplier Approval (Qualification and Questioners)
  • supplier sourcing optimization of risks and leverage
  • Price and supply negotiation
  • Service and supply contracts
  • Transportation Management
• Plan and coordinate supplier qualification process, development, and execution of request for proposal (RFP) or request for quotation (RFQ), bid analysis, supplier selection, contract development, and negotiation.
• Research and analyze competitive market and interviews vendors, support the search for the best price along with availability and quality of materials, equipment, property, or services that the company needs to function.
• Identify and evaluate current and anticipated company requirements, conferring with requesting department.
• Analyze market and delivery conditions to determine present and future material or service availability, and prepares market analysis reports.
• Prepare and sends RFQs or RFPs to select vendors.
• Review and evaluate bid quotations or proposals, using cost and price analysis techniques and checking that predetermined criteria has been met.
• Determine short list of providers, presents list to requesting manager/department if necessary, and assists in selecting a provider.
• Support the negotiating and drafting of contracts within budgetary limitations and scope of authority.
• Support the implementation of purchase contracts, following applicable company and government regulations.
• Coordinate the delivery of goods or services.
• Follow up with requesting manager or department to ensure the goods or services are of the quality expected, and notes whether the vendor should be used again.

Position Requirements

• Co-op student currently enrolled in University or College program to obtain a business degree (BBA, MBA, HBA) or a degree in engineering.
• Previous co-op experience in the supply chain preferred
• Solid understanding of procurement to pay business systems, procurement principles and processes, and commercial terms
• Strong communication, interpersonal, and analytical skills including MS Excel: Intermediate to advanced skill with Pivot Table, Micros, IF functions, Vlook up, name ranges etc.
• Organizational skills to manage multiple concurrent priorities
• Strong communication skills, verbal and written
• Ability to build strong working relationships with diverse suppliers, service providers, and colleagues
• Strict attention to detail, ability to balance numerous tasks and meet tight deadlines
• Flexible to a changing environment
• Ability to effectively diagnose and troubleshoot problems that may arise.
• Ability to collect, analyze qualitative data

Confidentiality

Magellan Aerospace respects the privacy and confidentiality of personal information provided by candidates and shall not disclose to any external parties unless legislated.

Magellan Aerospace is committed to an inclusive working environment and equal opportunities for all. We welcome all applications without regard to social and cultural background, age, gender, disability, sexual orientation, national origin or religious belief, status as a protected veteran, or any other characteristic protected by applicable federal, state, or local law)