Senior Sourcing Specialist - Software and SaaS

The Fannie Mae; Virginia (MN); Hybrid; USD 79,000 - 97,000; Full time

Job summary

The Fannie Mae is hiring a Senior Sourcing Specialist to lead software and SaaS sourcing, cloud-based applications, and enterprise licenses. You will partner with internal stakeholders to define requirements, manage RFx events, and negotiate supplier agreements, focusing on delivering value and reducing risk across the software vendor portfolio.

This role emphasizes strategic sourcing, contract execution, and leveraging AI tools to enhance decision-making.

Qualifications

• 2+ years in corporate procurement, preferably in a large for-profit or advisory setting.
• Experience sourcing or negotiating software, SaaS, cloud-based applications, or license agreements.
• Experience managing RFx events, negotiations, and contract execution processes.
• Knowledge of SaaS commercial models: subscription pricing, user licensing, renewals, and support models.

Responsibilities

• Lead sourcing and contracting activities for software, SaaS, cloud-based apps, and enterprise licenses.
• Collaborate with stakeholders to gather business, technical, commercial, and risk requirements.
• Manage RFx events, supplier communications, proposal evaluations, and negotation strategies.
• Negotiate commercial/contract terms with suppliers with business and legal partners.
• Analyze proposals, usage, spend, renewals, benchmarks to identify savings and risk reduction.
• Prepare sourcing docs, award recommendations, and stakeholder updates.
• Apply procurement tools and emerging tech, including AI, to improve sourcing quality and speed.

Skills

Sourcing software

RFx management

Software/SaaS models

Analytical skills

Negotiation

Stakeholder management

Adaptability to AI

Education

Bachelor's degree or equivalent experience

Job description

## Senior Sourcing Specialist - Software and SaaSApplyremote type: Flexlocations: Reston, VA: Washington, DC: Plano, TXtime type: Full timeposted on: Posted 14 Days Agojob requisition id: JR2546Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.Job DescriptionAs a valued colleague on our Corporate Procurement team, you will lead and execute sourcing and contracting activities for software, SaaS, cloud-based applications, enterprise licenses, subscription renewals, and related technology services. In this role, you will partner with internal and stakeholders to define sourcing strategies, manage RFx events, negotiate supplier agreements, and support contract execution in accordance withFannie Mae's strategic sourcing process.This role is focused on delivering value, reducing risk, and improving commercial outcomes across the software and SaaS supplier portfolio while supporting timely, compliant, and business-aligned contracting.**THE IMPACT YOU WILL MAKE**The Senior Sourcing Specialist – Software and SaaS role will offer you the flexibility to make each day your own while working alongside people who care so that you can deliver on the following 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.**THE EXPERIENCE YOU BRING TO THE TEAM****Minimum Required Experiences*** 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 Experiences*** 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.Corporate Procurement – Sourcing and Contracting – Associate#LI-HybridQualificationsEducation:Bachelor's Level DegreeThe future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.Fannie Mae 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. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.Requisition compensation:79000to97000