Contract Analyst

American Electric Power Co.; Columbus, Northern (OH, KY); Hybrid; USD 65,000 - 75,000; Full time

Benefits offered by this job

Generous time off

Educational opportunities

Competitive pay

Job summary

American Electric Power seeks a Contract Analyst to strengthen procurement and the contract lifecycle in the Procurement Center of Excellence in Columbus, Ohio. You will draft, review and negotiate contracts and amendments, and maintain the CLM system with analytics via dashboards.

The role requires strong attention to detail, data integrity and collaboration with Legal, Finance and vendors. A JD or legal background is preferred, with four years of contract experience.

Qualifications

• Bachelor's degree in Business Administration, Finance, or related field.
• Minimum of four years of contract and/or supply chain experience.
• JD or legal background preferred.

Responsibilities

• Procurement planning and monitoring upcoming contract expirations.
• Draft, review and negotiate low to moderately complex contracts and amendments.
• Serve as primary administrator for the CLM system and ensure data integrity.

Skills

Analytical skills

Negotiation

Documentation

Project management

Education

Bachelor's degree in Business Administration/Finance

Tools

Power BI

Agiloft

Job description

Job Summary

Procurement: The Contract Analyst will play a critical role within the Procurement Center of Excellence, ensuring operational integrity, continuity and efficiency of the organization’s contract lifecycle. This role is responsible for managing the contract renewal pipeline, the administration of the Contract Lifecycle Management system, and providing analytical support through reporting and contract dashboard maintenance. Additionally, this role is responsible for drafting and negotiating contracts and amendments for services, working with vendors, internal business and Legal stakeholders to protect the interest of AEP. This position does not represent AEP as legal counsel but having a JD or Legal background is preferred. The Contract Analyst will demonstrate ability to work beyond routine assignments by solving transactions/problems of moderate complexity and seek new opportunities and areas of learning which increase value to the organization. The Contract Analyst will understand each party’s interests in a negotiation, offer solutions to requested changes that meet those interests, apply issue recognition, and understand how issue recognition fits into the negotiation process. The Contract Analyst shall be highly detail-oriented, possess strong technical aptitude for system administration, and execute low to moderate complexity contracting activities while maintaining procurement schedules and deadlines.

Job Description

Where Putting the Customer First Powers Everything We Do!

What You'll Do:

Procurement Planning:

• Assist in procurement planning by monitoring upcoming contract expirations and coordinating with stakeholders to ensure that proper actions are taken in advance of such deadlines.
• Manage Contract Lifecycle Management system.

Contracting:

• Draft, review and negotiate low to moderately complex contracts and amendments using approved templates and pre-defined negotiation playbooks.
• Understand the parameters of the boilerplate terms and offer solutions to requested changes for standard variances from terms.

CLM System Administration

System Ownership:

• Serve as primary administrator for the CLM system, ensuring data integrity, user access management, and workflow optimization.

Workflow Management:

• Monitor contract workflows to ensure timely movement through legal, finance, procurement and other stakeholder approval changes.

Data Integrity:

• Regularly audit the CLM database to ensure all metadata (e.g. dates, parties, values, obligations) is accurate and up-to-date
• Ensure that integrated systems are updated accordingly.

Data Analytics and Reporting

Dashboard Maintenance:

• Own and update Procurement dashboards (e.g. Power BI, Agiloft) to provide real time visibility into contract status, spend and expiration.

KPI Tracking:

• Generate periodic reports on key performance indicators such as contract cycle time, renewal success rates and vendor compliance.

Template Management

Template Maintenance:

• Maintain the library of procurement templates, ensuring all documents are updated in alignment with legal and regulatory requirements.

Contracting

• Lead the negotiation process through strategy development, issue recognition, and escalation of issues for low to moderately complex negotiations.
• Demonstrate moderate experience in a moderate range of subject categories relevant to areas of contract responsibility.
• Monitor contract deadlines for volume nominations/commitments, price reopeners, and term extensions.
• Determine contract pricing/rates/surcharges pursuant to escalation provisions.
• Analyze vendor pricing claims and assist in negotiating settlements for impact of changes-in-law and governmental impositions.
• Coordinate, prepare, and track documents to declare, close, and quantify impact of AEP force majeure events.

What We’re Looking For:

Education: Bachelor's degree in Business Administration, Finance, or related field of study.

Experience: Minimum of four (4) years of related contract and/or supply chain experience or related experience in work activities and projects.

Additional Expectations:

• Follow policies, practices, standards, and rules of the company and those regulations and procedures required externally.
• Apply problem-solving skills and use creativity in problem solving.
• Other duties as assigned.

What You’ll Get:

Expected Salary Range: $65,000.00-$75,000.00/Year (USD)

Compensation

$74,551.00 - $93,188.50

Physical Demands

The Physical Demand Level for this job is: S – Sedentary Work: Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently. (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.

Equal Employment Opportunity

It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all respects of the employer-employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law. When required by law, we might record certain information or applicants for employment may be invited to voluntarily disclose protected characteristics.

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Details

AEP offers an outstanding group of people to be a part of. The AEP culture values your integrity and awards your hard work.

AEP offers generous time off, competitive pay, and educational opportunities to help employees advance their careers.

Our culture is purpose-driven and team-oriented: we combine innovation with a customer-first focus to deliver reliable energy and brighter futures.