Freddie Mac · 2 months ago
Senior Sourcing & Contracts Specialist
Plano, TX
Full-time
Onsite
Mid, Senior Level
$110K/yr - $166K/yr
5+ years expFreddie Mac is committed to Making Home Possible, impacting the lives of over 90 million families since its inception. They are seeking a Senior Sourcing & Contracts Specialist to manage the sourcing and contracting processes for suppliers in the Software/Cloud/SaaS category, driving cost efficiency and compliance throughout the sourcing process.
FinanceFinancial ServicesRisk Management
Responsibilities
Handle the sourcing and contracting specific to category suppliers
Run sourcing events (RFX’s) including handling supplier RFx development and leading supplier meetings
Provide subject matter expertise during the sourcing process, analysis and recommendation of supplier proposals
Negotiate, structure, and manage contractual documents with suppliers for Cloud/SAAS categories
Negotiate and implement new contracts not resulting from a sourcing event as well as statements of work and/or amendments to existing category agreements
Ensure integration of and compliance with vendor risk, diversity, and management requirements throughout the sourcing process
Identify and drive cost efficiency to meet all savings targets
Participate in category review meetings with team and business partners to ensure alignment with strategic wave plan
Execute on the category strategy and develop a sourcing pipeline and cohesive cost-saving agreements
Accountable for internal partner KPIs for category(s) and support supplier scorecard for external partner KPIs
Qualification
Required
5 - 7+ years proven experience working in Purchasing, 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 Workday Strategic Sourcing (ScoutRFP) and Workday
Proficient with Microsoft Office suite, specifically PowerPoint and Excel and proficiency in Word (formatting, redlining)
Preferred
Financial Services Procurement experiences a plus
Benefits
Competitive compensation
Market-leading benefit programs
Company
Freddie Mac
Freddie Mac is a public government-sponsored enterprise that provides mortgage capital to lenders.
5001-10000 employees
H1B Sponsorship
Freddie Mac has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (181)
2024 (119)
2023 (100)
2022 (134)
2021 (112)
2020 (71)
Funding
Current Stage
Public CompanyTotal Funding
$3.58BKey Investors
DLP Capital
2025-12-30Post Ipo Debt· $108.4M
2025-10-28Post Ipo Debt· $343.2M
2025-09-09Post Ipo Debt· $707M
Leadership Team
Dennis G. Hermonstyne
Senior Vice President and Chief Compliance Officer
Peter Lillestolen
Vice President - MF Production and Sales, Targeted Affordable Housing
Recent News
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