Senior Sourcing Specialist - Software and SaaS

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.