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Sourcing Associate Jobs in Silver Spring, MD (NOW HIRING)

Marriott

FLEX Talent Sourcer

Bethesda, MD · Remote

... associates, and providing access to opportunity. We're looking for a Talent Sourcing Specialist to join our team and support our Talent Acquisition function. The Talent Sourcing Specialist is ...

Initio Capital

ETA Research Associate

Washington, DC · Remote

THE ROLE As a ETA Research Associate, you will help identify promising markets, companies, products ... Support strategy, sourcing, diligence, product, growth, finance, and operations projects. WHO THIS ...

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Sourcing Associate information

See Silver Spring, MD salary details

$16

$37

$65

How much do sourcing associate jobs pay per hour?

As of Aug 9, 2026, the average hourly pay for sourcing associate in Silver Spring, MD is $37.21, according to ZipRecruiter salary data. Most workers in this role earn between $20.62 and $44.23 per hour, depending on experience, location, and employer.

What does a sourcing associate do?

A sourcing associate is responsible for identifying, evaluating, and selecting suppliers or vendors to meet a company's procurement needs. They analyze market trends, negotiate contracts, and use tools like procurement software to ensure cost-effective and timely sourcing of goods and services. Strong communication, negotiation skills, and attention to detail are essential in this role.

What is the difference between Sourcing Associate vs Procurement Specialist?

AspectSourcing AssociateProcurement Specialist
CredentialsTypically requires a bachelor's degree in supply chain, logistics, or related fieldsSimilar educational background, often with certifications like CPSM or CIPS
Work EnvironmentSupports sourcing activities, supplier research, and negotiationsHandles end-to-end procurement processes, including purchasing and contract management
Industry UsageCommonly used in supply chain and procurement departmentsWidely used across industries for purchasing and vendor management
Search & Comparison IntentOften compared for entry to mid-level sourcing rolesCompared for procurement and purchasing roles

The main difference is that a Sourcing Associate focuses on identifying and evaluating suppliers, negotiating terms, and supporting sourcing strategies. A Procurement Specialist manages the entire purchasing process, including order placement, contract management, and vendor relations. Both roles require similar qualifications but differ in scope and responsibilities within the supply chain process.

What are the key skills and qualifications needed to thrive as a sourcing associate?

To thrive as a Sourcing Associate, you need strong analytical skills, attention to detail, and a background in supply chain management or business, often supported by a relevant degree. Familiarity with procurement software (such as SAP Ariba or Coupa), Excel, and vendor management systems is typically required. Excellent negotiation, communication, and relationship-building abilities set top performers apart in this role. These skills ensure effective supplier engagement, cost savings, and efficient procurement processes critical to organizational success.

What are some common challenges sourcing associates face when balancing supplier relationships and cost-effectiveness?

Sourcing Associates often navigate the challenge of maintaining strong supplier relationships while ensuring the company receives competitive pricing and quality. This involves negotiating contracts that benefit both parties and staying updated on market trends that may affect costs or supply chain reliability. Building trust with suppliers without compromising on organizational goals requires clear communication, attention to detail, and agile problem-solving. Additionally, Sourcing Associates must coordinate with internal teams to align procurement decisions with business needs and compliance standards.

How much does a sourcing associate make?

A sourcing associate typically earns between $45,000 and $65,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced professionals with specialized skills can earn higher salaries. Compensation often includes benefits such as health insurance and performance bonuses.

Is sourcing a stressful job?

Sourcing as a job involves identifying and evaluating potential suppliers or candidates, which can be demanding due to tight deadlines and high accuracy requirements. It often requires strong organizational skills, attention to detail, and the ability to manage multiple tasks simultaneously, which can contribute to stress levels. However, workload and stress vary depending on the company, industry, and individual experience.
What job categories do people searching Sourcing Associate jobs in Silver Spring, MD look for? The top searched job categories for Sourcing Associate jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Sourcing Associate jobs? Cities near Silver Spring, MD with the most Sourcing Associate job openings:
Sourcing Associate jobs near you
Infographic showing various Sourcing Associate job openings in Silver Spring, MD as of July 2026, with employment types broken down into 1% As Needed, 67% Full Time, 30% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $77,387 per year, or $37.2 per hour.

Senior Sourcing Specialist - Software and SaaS

Fannie Mae

Reston, VA • On-site

Full-time

Medical, Life

Re-posted 10 days ago

Fannie Mae rating

9.0

Company rating: 9.0 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

Job description

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.
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.

THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
  • 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.
  • Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Desired Experiences
  • 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.
  • 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.

Corporate Procurement - Sourcing and Contracting - Senior Associate
#LI-Hybrid
Qualifications
Education:
Bachelor's Level Degree
The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.
For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.
Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.
The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.
Requisition compensation:
79000
to
97000

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