Fannie Mae

Senior Sourcing Specialist - Software and SaaS

Fannie Mae$79K — $97K *
Enterprise Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of corporate procurement experience, ideally in a large commercial company or advisory firm.
  • Proven sourcing or negotiation experience with software, SaaS, and cloud-based applications.
  • Experience managing RFx processes, supplier negotiations, and contract execution.
  • In-depth knowledge of software and SaaS pricing models and licensing agreements.
  • Strong skills in analysis, negotiation, communication, and stakeholder management.
  • Curiosity and adaptability in applying new technologies, like AI, to procurement.

Responsibilities

  • Lead sourcing and contracting for technology services and software.
  • Collaborate with stakeholders to define technical and commercial requirements.
  • Oversee RFx events, supplier communications, and evaluation proposals.
  • Negotiate supplier agreements in collaboration with legal teams.
  • Analyze supplier proposals and market data for cost-saving opportunities.
  • Prepare sourcing documentation and negotiation summaries.
  • Adapt sourcing strategies based on shifting business and market needs.

Benefits

  • Participate in a comprehensive benefits package that enhances physical, mental, emotional, and financial well-being.
  • Opportunities for professional development and career advancement.
  • Flexible working arrangements available.
  • Incentive program participation to reward performance.
  • Access to health, life, and lifestyle benefits.
Full Job Description


Job Description

As 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 with

Fannie 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-Hybrid

Qualifications

Education:
Bachelor's Level Degree

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:
79000
to
97000

About Fannie Mae

As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today's economic recovery and helping to build a sustainable housing finance system. They exist to provide reliable, large-scale access to affordable mortgage credit in all communities across the country at all times so people can buy, refinance, or rent homes. Fannie Mae is working to establish and implement industry standards‚ develop better tools to price and manage credit risk‚ build new infrastructure to ensure a liquid and efficient market and facilitate the collection and reporting of data for accurate financial reporting and improved risk management. Fannie Mae is committed to being their customers’ most valued business partner and delivering the products, services and tools their customers need to serve the entire market confidently, efficiently and profitably. Ultimately‚ Fannie Mae measures their progress not only by paying taxpayers and improving the housing finance system‚ but also by the difference they make in people’s lives.

Fannie Mae Careers

Join the vibrant team at Fannie Mae, where we are committed to solving the challenges of today's housing market while fostering inclusive growth and innovation. As a cornerstone of the American mortgage system, Fannie Mae offers unparalleled job opportunities that empower you to influence the future of housing finance. Work You’ll Do At Fannie Mae, you will collaborate with some of the brightest minds in the finance and technology sectors. Our mission is to ensure access to affordable housing for people across the United States, and your work here will contribute to that goal. With roles ranging from financial analysis to technology development, your career at Fannie Mae will be marked by growth, leadership, and the pursuit of excellence. Innovate and Lead Fannie Mae stands at the intersection of financial services and innovative technology solutions, making it an ideal place for those who are driven to explore new ideas and push boundaries. Our culture thrives on innovation and leadership, encouraging every team member to bring forward ideas that drive efficiency and effectiveness. Professional Growth and Development Career advancement at Fannie Mae is not just a possibility—it is an expectation. We are dedicated to the professional growth of our employees through robust training programs, leadership workshops, and continuous learning opportunities. Whether you are looking to sharpen your analytical skills, enhance your leadership capabilities, or dive deep into the housing market dynamics, Fannie Mae provides the resources to achieve your professional goals. Diversity and Inclusion At Fannie Mae, we believe that diversity fuels innovation. We are committed to fostering an inclusive environment where diverse voices are heard and valued. Through diversity training and a culture that celebrates unique perspectives, we ensure that all team members can contribute to their fullest potential. Join Our Team Explore the array of job opportunities at Fannie Mae, from internships for budding professionals to full-time positions for seasoned experts. We are hiring individuals who are passionate, curious, and eager to make a difference. Our team is looking for candidates who not only have the necessary skills but also embody our values of integrity, impartiality, and respect. Benefits and Perks Working at Fannie Mae comes with a comprehensive benefits package designed to support the health, well-being, and financial security of our employees and their families. From competitive health benefits and retirement plans to flexible working arrangements and wellness programs, we prioritize the well-being of our team members. Stay Connected Networking and staying connected are key components of building a successful career at Fannie Mae. Engage with us through various professional networking events, online communities, and social platforms to stay updated on new positions, company news, and industry trends. Apply Now Ready to take the next step in your career? Review our open positions, tailor your resume, and prepare for an interview that could set you on a path to a rewarding career at Fannie Mae. We are excited to see how your vision, skills, and enthusiasm can contribute to our team and the broader mission of affordable housing. Explore Fannie Mae Jobs Discover the exciting and impactful career paths available at Fannie Mae. Each position offers the opportunity to challenge yourself, contribute to a significant cause, and work within a culture that values innovation, leadership, and community impact. Join us in shaping the future of housing finance—apply today and be part of a team that is dedicated to making a difference.
Learn more about Fannie Mae
Size
7,400 employees
Industry
Founded
1938
NASDAQ

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