Senior Sourcing Specialist – Software, SaaS

Fannie Mae

Senior Sourcing Specialist managing software and SaaS procurement for Fannie Mae. Leading sourcing strategies and contracting activities to improve commercial outcomes.

Posted 6/30/2026full-timeReston • District of Columbia, Texas, Virginia • 🇺🇸 United StatesSenior💰 $79,000 - $97,000 per yearWebsite

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, 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.

Requirements

What you’ll need

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.

Benefits

Comp & perks

Health, Life, Voluntary Lifestyle, and other benefits and perks

ATS Keywords

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Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

Contract ManagementNegotiation StrategiesSupplier CommunicationsProposal EvaluationsSourcing RecommendationsRisk ManagementCost AnalysisMarket BenchmarkingSoftware License AgreementsService Level Agreements

Soft Skills

Stakeholder CollaborationAdaptabilityAnalytical ThinkingCommunication