Senior Sourcing Specialist – Software, SaaS

Fannie Mae

. Lead sourcing and contracting activities for software, SaaS, cloud-based applications, enterprise licenses, subscription renewals, and related technology services .

Posted 9/22/2026full-timeUnited StatesSenior💰 $79,000 - $97,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in sourcing and negotiating software and SaaS agreements, with a strong focus on stakeholder management, analytical skills, and the application of emerging technologies like artificial intelligence to enhance procurement processes.

Highest-signal resume keywords

Software SourcingSaaS NegotiationRFx ManagementContract ManagementSpend Analytics

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Contract NegotiationSupplier ManagementProcurement StrategiesCommercial ModelsCost AnalysisRisk ManagementMarket BenchmarkingContract ExecutionSoftware LicensingData Processing Agreements

Soft Skills

Analytical SkillsCommunication SkillsStakeholder ManagementProblem-Solving SkillsAdaptability

Tools & Technologies

Procurement ToolsContract SystemsERP PlatformsSpend DataArtificial Intelligence

Industry Keywords

Corporate ProcurementFinancial ServicesCybersecuritySupplier Due DiligenceSoftware Asset Management

Tech Stack

Tools & technologies

CloudCyber SecurityERP

About the role

Key responsibilities & impact

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 alongside business and legal counterparts
Analyze supplier proposals, software usage, spend, renewal history, market benchmarks, and business demand
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
Support timely, compliant, and business-aligned contracting across the software and SaaS supplier portfolio

Requirements

What you’ll need

Minimum 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
Curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence
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 (desired)
Experience negotiating SaaS order forms, master agreements, statements of work, service level agreements, data processing agreements, software license agreements, cloud terms, and renewal amendments (desired)
Experience in a regulated financial services, housing finance, banking, or similarly complex enterprise environment (desired)
Familiarity with third-party risk management, cybersecurity, privacy, business continuity, accessibility, supplier due diligence, and software asset management (desired)
Experience using procurement, sourcing, contract lifecycle management, spend analytics, supplier management, or ERP platforms (desired)
Bachelor's Level Degree

Benefits

Comp & perks

Flex work arrangement
Incentive program eligibility
Health benefits
Life benefits
Voluntary lifestyle benefits
Other benefits and perks supporting physical, mental, emotional, and financial well-being
Reasonable accommodations for qualified individuals with disabilities