Contract Specialist

American Electric Power; United States; On-site; USD 98,000 - 125,000; Full time

Benefits offered by this job

Annual Bonus

401(k) Match

AEP Pension

Comprehensive Benefits Package

Job summary

American Electric Power in Columbus, OH is seeking a Contract Specialist to lead contracting strategies for major projects and to negotiate terms that balance cost, risk, and performance. You will advise leadership and coordinate with Legal, Supply Chain, Finance, and Engineering to optimize supplier outcomes.

You will mentor junior contract professionals, manage risk across a portfolio of agreements, and drive continuous improvement in contracting processes and governance.

Qualifications

• Bachelor's degree in related field with 6+ years of relevant work experience.
• Associate’s degree with 8+ years of relevant work experience.
• High School Diploma with 10+ years of relevant work experience.

Responsibilities

• Develop and execute contracting and commercial strategies for major projects.
• Lead negotiations involving commercial, legal, operational, regulatory, and financial considerations.
• Serve as primary commercial advisor to leadership on contract interpretation and risk.

Skills

Contract negotiation

Contract management

Risk assessment

Stakeholder management

Financial analysis

Education

Bachelor's degree in related field

Associate’s degree + 8 years experience

High School Diploma + 10 years experience

Tools

Contract Lifecycle Management systems

Job description

Job Posting End Date

10-03-2026

Please note the job posting will close on the day before the posting end date.

Job Summary

Are you ready to work in a supportive, fast-moving environment where your work matters? This position serves as a Contract Specialist and management professional and is responsible for complex, high-value, and strategically critical supplier contracts. The role is responsible for developing and executing contracting strategies, leading sophisticated negotiations, managing commercial risk across a portfolio of contracts, and advising leadership on contractual, operational, financial, and regulatory impacts.
The position partners closely with Legal, Supply Chain, Finance, Risk Management, Engineering, Project Management, and executive leadership to optimize supplier performance, protect company interests, and achieve business objectives. In this high-visibility position, you will provide guidance and direction to junior contract professionals and lead cross‑functional teams during major contracting initiatives.

Job Description

What You'll Do:

• Develop and execute comprehensive contracting and commercial strategies for major capital projects, enterprise procurement initiatives, and strategically important supplier relationships.
• Lead complex negotiations involving commercial, legal, operational, regulatory, and financial considerations, securing favorable terms while balancing business objectives and risk tolerance.
• Serve as the primary commercial advisor to business leadership, project teams, and stakeholders regarding contract interpretation, risk allocation, dispute resolution, claims management, and supplier performance issues.
• Conduct detailed commercial, financial, and contractual risk assessments and develop mitigation strategies throughout the contract lifecycle.
• Lead cross-functional teams in the evaluation, negotiation, administration, and closeout of high-value and high-risk contracts.
• Identify opportunities for cost savings, value creation, process improvement, and contractual optimization across assigned supplier portfolios.
• Develop and maintain executive-level reporting on contract portfolio performance, supplier risk exposure, claims activity, commercial outcomes, and key performance indicators.
• Lead formal dispute resolution efforts, including claims analysis, settlement negotiations, mediation support, and coordination with Legal on litigation-related matters.
• Perform commercial analysis of supplier proposals, pricing structures, cost escalation provisions, market conditions, and total cost of ownership considerations.
• Establish governance frameworks for strategic supplier relationships, including performance scorecards, business reviews, and continuous improvement initiatives.
• Evaluate changing regulatory, market, and industry conditions and recommend contract modifications or risk mitigation strategies to protect company interests.
• Lead negotiations associated with contract amendments, renewals, terminations, transitions, and supplier restructuring events.
• Manage the commercial impacts of force majeure events, supply disruptions, regulatory changes, and other significant business contingencies.
• Develop, improve, and standardize contract templates, policies, procedures, negotiation playbooks, and best practices to enhance organizational effectiveness.
• Mentor and provide technical guidance to Contract Specialists and other team members regarding contract strategy, negotiation techniques, risk management, and contract administration practices.
• Represent the organization in executive discussions with suppliers, industry partners, regulators, and external stakeholders on contract-related matters.
• Support strategic sourcing, supplier selection, and procurement activities through commercial leadership, due diligence, and negotiation expertise.
• Other duties as assigned.

What We’re Looking For:

• Bachelor's degree in related field of study + 6 years of relevant work experience.
• (or) In lieu of Bachelor’s degree must possess an Associate’s degree in related field of study, and a minimum of 8 years of relevant work experience.
• (or) In lieu of Associate’s degree must possess a High School Diploma or equivalent, and a minimum of 10 years of relevant work experience.

Preferred Qualifications:

• Advanced degree such as a Masters in Business Administration, Law degree or global equivalent.
• Nine (9) years of contract administration, subcontract administration, and procurement experience.
• Experience developing and negotiating contracts terms and conditions for contracts related to services, construction, engineering, materials and equipment installation.
• Experience administering the Request for Proposal/Request for Quotation process.
• Experience in work change, claims evaluation and negotiation.
• Experience with Contract Lifecycle Management systems.

Other Requirements:

• Physical demand level is Sedentary
• Demonstrate significant experience in a moderate range of subject categories relevant to areas of contract responsibility.
• Apply problem-solving skills and use creativity in problem solving.

Where You’ll Work:

• This is an On-Site role based out of Columbus, OH.

What You’ll Get:

• Annual Bonus
• 401(k) Match
• AEP Pension
• Comprehensive Benefits Package

Where Putting the Customer First Powers Everything We Do!
At AEP, we’re more than just an energy company — we’re a team of dedicated professionals committed to delivering safe, reliable, and innovative energy solutions. Guided by our mission to put the customer first, we strive to exceed expectations by listening, responding, and continuously improving the way we serve our communities. If you're passionate about making a meaningful impact and being part of a forward-thinking organization, this is the company for you.

#LI-Onsite

#AEPCareers

Compensation Data

Compensation Grade: SP20-007

Compensation Range: $98,000.00 - $125,000.00

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.

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.