Senior Contracts & Sourcing Strategist

AEP Service Corporation; United States; On-site; USD 99,000 - 129,000; Full time

Job summary

American Electric Power (AEP) seeks an experienced sourcing and contract specialist to lead major, high‑dollar contracting events autonomously. You will serve as the subject matter expert for assigned categories and advise Category Managers and Procurement Professionals on contract development.

You will draft and modify contracts with Legal and other partners, apply pricing and total cost of ownership models, and collaborate with SCPFO leadership to meet procurement goals and drive efficiency.

Qualifications

• Bachelor’s degree in business, accounting, finance, supply chain, or related field, or 4 years of relevant experience.
• 4 years of relevant work experience in contract management, paralegal work, or supply chain.
• Deep understanding of contract design and structure, including terms, language, templates, performance criteria, and other components.
• Excellent analytical, problem-solving, and time management skills.
• Excellent communication skills with business partners, stakeholders, and suppliers.
• Ability to be persuasive and build credibility.

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.

Skills

Analytical skills

Communication skills

Persuasive ability

Time management

Education

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

4 years of relevant work experience

Job description

American Electric Power (AEP) seeks an experienced sourcing and contract specialist to lead major, high‑dollar contracting events autonomously. You will serve as the subject matter expert for assigned categories and advise Category Managers and Procurement Professionals on contract development.

You will draft and modify contracts with Legal and other partners, apply pricing and total cost of ownership models, and collaborate with SCPFO leadership to meet procurement goals and drive efficiency.