Senior Sourcing Specialist - Software and SaaS

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.

• 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.

• 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.

• 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.

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

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

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 doing so would cause undue hardship to the company.