Senior Sourcing Specialist - Software and SaaS

Fannie Mae; Reston (VA); On-site; USD 79,000 - 97,000; Full time

Benefits offered by this job

Health insurance

Life insurance

Voluntary lifestyle benefits

Job summary

Fannie Mae is seeking a Senior Sourcing Specialist to lead sourcing and contracting activities for software and SaaS solutions. Responsibilities include managing supplier negotiations and ensuring procurement efficiency.

The ideal candidate will have strong analytical and negotiation skills, with at least 2 years in corporate procurement or consulting. Compensation ranges from $79,000 to $97,000 annually, along with comprehensive benefits.

Qualifications

• 2 years of experience in a Corporate Procurement function at a for-profit company or consulting firm.
• Experience in sourcing or negotiating software and SaaS applications.
• Strong analytical, negotiation, communication, and problem-solving skills.

Responsibilities

• Lead sourcing and contracting activities for software and SaaS.
• Partner with stakeholders to gather business and contracting requirements.
• Negotiate commercial and contractual terms with suppliers.

Skills

Analytical skills

Negotiation skills

Communication skills

Stakeholder management

Problem-solving skills

Education

Bachelor's degree or equivalent experience

Tools

Procurement platforms

Contract lifecycle management tools

ERP platforms

Job description

Senior Sourcing Specialist – Software and SaaS

The Senior Sourcing Specialist – Software and SaaS will lead and execute sourcing and contracting activities for software, SaaS, cloud-based applications, enterprise licenses, subscription renewals, and related technology services.

Responsibilities

• Lead sourcing and contracting activities for software, SaaS, cloud-based applications, enterprise licenses, subscription renewals, and related technology services.
• Partner with stakeholders to gather business, technical, commercial, risk, and contracting requirements.
• Manage RFx events, supplier communications, proposal evaluations, negotiation strategies, and sourcing recommendations.
• Negotiate commercial and contractual terms with suppliers, working in partnership with business and legal counterparts.
• Analyze supplier proposals, software usage, spend, renewal history, market benchmarks, and business demand to identify savings, cost avoidance, risk reduction, and value creation opportunities.
• Prepare sourcing documentation, award recommendations, negotiation summaries, and stakeholder updates.
• Adapt sourcing strategies based on business priorities, market conditions, risk considerations, and timeline requirements.
• Apply procurement tools, contract systems, spend data, and emerging technologies, including artificial intelligence, to improve sourcing quality, efficiency, and decision-making.

Required Experience

• 2 years of experience in a Corporate Procurement function, preferably at a large for-profit commercial company, or with a consulting/advisory firm.
• Experience sourcing or negotiating software, SaaS, cloud-based applications, enterprise licenses, or technology supplier agreements.
• Experience managing RFx events, supplier negotiations, sourcing recommendations, and contract execution processes.
• Working knowledge of software and SaaS commercial models, including subscription pricing, user-based licensing, enterprise agreements, usage-based pricing, renewal terms, and support models.
• Strong analytical, negotiation, communication, stakeholder management, and problem‑solving skills.
• Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Desired Experience

• Bachelor’s degree or equivalent experience.
• 5+ years of experience in software/SaaS sourcing, IT procurement, technology category management, supplier management, contract management, or contract negotiation.
• Experience negotiating SaaS order forms, master agreements, statements of work, service‑level agreements, data processing agreements, software license agreements, cloud terms, and renewal amendments.
• Experience in a regulated financial services, housing finance, banking, or similarly complex enterprise environment.
• Familiarity with third‑party risk management, cybersecurity, privacy, business continuity, accessibility, supplier due diligence, and software asset management.
• Experience using procurement, sourcing, contract lifecycle management, spend analytics, supplier management, or ERP platforms.

Qualifications

• Bachelor’s degree or equivalent experience.
• Strong analytical, negotiation, communication, stakeholder management, and problem‑solving skills.
• Experience in legal and business stakeholder collaboration.

Compensation & Benefits

Compensation Range: $79,000 to $97,000 annually. Eligible for the FannieMae incentive program. Comprehensive benefits include health, life, voluntary lifestyle, and other benefits and perks that enhance overall well‑being.

Equal Opportunity Employer

FannieMae is an equal‑opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor.

FannieMae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless doing so would cause undue hardship to the company.