Senior Sourcing Specialist Software and SaaS

Playing 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 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 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 Maes 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

• Bachelors 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 Senior Associate

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Qualifications

Education:

The future is what you make it to be. Discover compelling opportunities at most roles employees are expected to work onsite on a regular basis at their designated office -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 employees physical mental emotional and financial well-being. See more here.

Requisition compensation:

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