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Procurement Specialist

American Electric Power
18 hours ago
Full-time
On-site
New Albany, OH, United States
$98,993 - $128,688 USD yearly
Indeed

Job Posting End Date 10-26-2026 Please note the job posting will close on the day before the posting end date. Job Summary This role will be primarily focused on the services, with an emphasis on Construction services categories and other complex, high-value service categories. The individual operates with high degree of autonomy and is responsible for leading major, high-dollar, complex sourcing initiatives, contract development, negotiations, and commercial strategies. Serves as the subject matter expert and strategic procurement lead for assigned categories involving significant spend, complex or customized requirements, and emerging or evolving business needs. Provides strategic sourcing, contracting, and commercial guidance to Category Managers, procurement professionals, business unit stakeholders, and leadership to develop solutions that balance cost, risk, operational requirements, supplier performance and long-term value. Leads the development of the commercial framework and business terms for complex agreements and partners with Legal, Risk, Safety, IT, and other key stakeholders to ensure business objectives are achieved and organizational interests are appropriately protected. Applies strong commercial judgment in structuring contracts, negotiating terms, allocating risk, and developing sourcing strategies that support both immediate business requirements and broader category objectives. Effectively engages and influences business unit leadership and Supply Chain leadership, building alignment across stakeholders and driving procurement initiatives from strategy development through execution. The individual is expected to demonstrate executive-level communication, sound business judgment, strong negotiation capabilities, and the ability to successfully lead complex procurement activities with significant financial, operational, and organizational impact. Job Description What You’ll Do Writes the summary and details for complex/non-standard contracts, including pricing, performance criteria, service levels, warranties, terms and conditions, and any risk mitigations. Writes modifications to existing complex/non-standard contracts, coordinating with Legal as necessary. Provides advisory support for contract development and negotiations to category managers and procurement professionals, as needed. Applies pricing models, cost containment models, pricing caps, total cost-of-ownership models, and indices during contract development. Supports category managers to refine sourcing strategies for complex spend. Works with the Service Center to ensure transactional and customer support services are aligned with category strategies. Collaborates, as needed, with the Supply Chain center of excellence (COE), the Service Center, and business partners on projects and other initiatives to address recurring issues, improve efficiency, and improve satisfaction. What We're Looking For: Education: Bachelor's Degree in business, accounting, finance, supply chain, or other related field is required; OR 4 years of relevant work experience. Experience: In addition to any experience required above, 4 years of relevant work experience in contract management or supply chain experience is required. Experience in the utility, manufacturing, or construction industry preferred. Preferred Qualifications: Deep understanding of contract design and structure, including terms, language, templates, performance criteria, and other components. Excellent analytical, problem-solving, and time management skills desired. Excellent communication skills (written and verbal) desired with an ability to communicate with business partners, stakeholders, and suppliers. Ability to be persuasive and build credibility desired. What You'll Get: In addition to competitive compensation, AEP offers a unique comprehensive benefits package that aims to support and enhance the overall well-being of our employees. Where Putting the Customer First Powers Everything We D…

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