Procurement Specialist

Job Posting End Date 12-16-2024 Please note the job posting will close on the day before the posting end date Job Summary Works autonomously in leading major, high-dollar, complex sourcing or contract development events. Serves as the subject matter expert for assigned categories of large or complex spend, custom requirements, or that support emerging or evolving programs or needs across or within the business units. Serves as a consultant to Category Managers, business units and Procurement Professionals in assigned categories on sourcing or contract development and formation. Writes the business deal and works with representatives of AEP legal, risk, safety, and other areas to secure AEP business interests. Possesses the skills to direct the work activities of the Procurement Professional or the Procurement Analyst. Individual shall have the skills to effectively engage business unit leadership and Supply Chain Procurement and Fleet Operations (SCPFO) leadership to accomplish procurement goals Job Description ESSENTIAL JOB FUNCTIONS:
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
MINIMUM REQUIREMENTS:
Education: Bachelor's Degree in business, accounting, finance, supply chain, or other related field is required;
Experience: 7 years of relevant work experience in contract management, paralegal work, or supply chain experience is required. Experience in the utility, manufacturing, or construction industry preferred
OTHER REQUIREMENTS:
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 Compensation Data Compensation Grade: Compensation Range: Hear about it first! Get job alerts by email. Log in to your Candidate Home Account today! If you don't have an account, you can create one It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects 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, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.