Procurement Specialist

AEP Service Corporation; New Albany (IN); On-site; USD 99,000 - 129,000; Full time

Job summary

American Electric Power in New Albany, IN seeks a senior procurement professional to lead construction and high‑value services sourcing initiatives. You will craft contracts, negotiate terms, and guide stakeholders to balance cost, risk, and long‑term value.

The role requires executive communication, strategic thinking, and the ability to drive complex procurement from strategy through execution, partnering with Legal, Risk, IT, and leadership to protect corporate interests.

Qualifications

• Bachelor's Degree in business, accounting, finance, supply chain, or related field is required.
• Or 4 years of relevant work experience in contract management or procurement is required.

Responsibilities

• 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.

Education

Bachelor's Degree in business, accounting, finance, supply chain, or related field

Job description

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.

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.

Compensation

American Electric Power (On-Site)
Compensation Grade: SP20-008
Compensation Range: $98,993.00 - $128,688.00

Physical Demand Level

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.

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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.

Our Mission

At American Electric Power, we provide more than electricity to our millions of customers - we energize possibilities. We're redefining the future of energy by reducing our carbon footprint, empowering the communities we serve and building an engaged, talented workforce. All while delivering the reliable service our customers expect.

Join Us

It's an exciting time in the energy industry. Are you ready to be part of it? We're looking for team members to help create the grid of the future. Learn more about our commitment to creating a supportive, inclusive work culture that values different experiences.