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Senior Sourcing

3 months ago

Bloomington, Illinois, United States Freddie Mac Full time

At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac's hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

Position Overview:

Our Enterprise Supply Chain team is looking for a Senior Sourcing & Contracts Specialist to report to the Category Manager. This position is accountable for the end to end sourcing and contracting process related to all suppliers providing goods and/or services within our Software & Applications category.

Our continuous support, in good economic conditions and bad, and in markets that might otherwise be underserved, provides stability to the housing market and helps families rent, buy and keep homes they can afford. Pair your passion with purpose

Our Impact:

Our team unlocks value from our supply network to enable growth, innovation and an outstanding customer experience We seek to improve customer experience, mitigate third-party risk and demonstrate our buying power in order to build, enable, and sustain value for our business partners and suppliers.

Your Impact:

The Senior Sourcing & Contracts Specialist will engage with the Category Manager and the business partners to complete the category strategy by handling the sourcing and contracting specific to category suppliers. Your responsibilities will involve all aspects of running sourcing events (RFX's) including handling supplier RFx development, leading supplier meetings and providing subject matter expertise during the sourcing process, analysis and recommendation of supplier proposals, and negotiating, structuring, and management of contractual documents that establish business relationships with suppliers for our Software & Application category.

In addition, you will be tasked to negotiate and implement new contracts not resulting from a sourcing event as well as statements of work and/or amendments to existing category agreements. You will also ensure integration of and compliance with vendor risk, diversity, and management requirements throughout the sourcing process. Your role will identify and drive cost efficiency to meet all savings targets.

Qualifications:
  • years proven experience working in procurement, commercial Contract Negotiation and Supplier Management environments
  • Minimum of 5 years in Software/Cloud/SaaS procurement
  • Associates Degree or equivalent combination of training and experience
  • Outstanding negotiation, analytical, decision making, and customer relationship skills
  • Experience in developing and running sourcing events from development to contract execution
  • Responsible for full contract life cycle for all category suppliers from contract initiation through termination including execution of Agreements, Statements of Work, Amendments and contract renewals
  • Broad-based experience in supply chain, procurement, contracts, project management
  • Participate in category review meetings with team and with business partners on a recurring basis to ensure alignment with the businesses strategic wave plan
  • Ensure alignment across all suppliers and contracts to the strategy and initiatives
  • Execute on the category strategy and work toward developing a sourcing pipeline and cohesive cost-saving agreements
  • Accountable for internal partner KPIs for category(s) and support supplier scorecard for external partner KPIs
  • Highly effective written and oral communications as well as interpersonal skills
  • Knowledge and expertise of purchasing systems, category management, and strategic sourcing methodologies
  • Knowledge of PeopleSoft a plus
  • Proficient with Microsoft Office suite, specifically PowerPoint and Excel
Keys to Success in this Role:
  • Lead and advise on sourcing strategies
  • Negotiate Software/SaaS agreements on both Freddie Mac and Supplier paper
  • Handle vendor performance and adherence to contract terms and conditions
  • Build and handle strong supplier relationships
  • Continuous improvement and leading practices within the sourcing and contracting process
  • Ability to effectively interact in a cross-functional environment with all levels of management
  • Ability to work independently
  • Strong problem-solving, strategic and creative thinking skills
  • Financial Services Procurement experiences a plus

At Freddie Mac, our inclusive and diverse culture is what powers our work. Collectively, what we share is a passion for more—for making a difference by making home possible for families across the nation. Come as you are and do what you love.

Apply now and learn why there's #MoreAtFreddieMac

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit and register with our referral code: MAC.

Time-type:Full timeJob Category:Corporate ServicesFLSA Status:Exempt

The anticipated annualized base salary range for this position is $100,000 to $150,000 and is eligible to participate in the annual incentive program.