Procurement Analyst/Consultant at American Electric Power in Columbus, OH

Job description

• Are you ready to work in a supportive, fast-moving environment where your work matters? This position supports Procurement Consultants, Procurement Specialists, and Category Managers in the execution of sourcing and contracting initiatives.
• In this analytical role, the Procurement Analyst/Consultant supports work including, but not limited to, contract development and administration, contract review and redlining, spend analytics, market complexity assessments, data collection, performance metrics, risk analysis, pricing evaluations, total cost of ownership analyses, demand planning, and reporting. The role assists in evaluating contract terms and conditions, identifying and mitigating contractual and commercial risks, ensuring compliance with company policies and regulatory requirements, and maintaining contract documentation and records.
• The Procurement Analyst/Consultant also supports sourcing strategy development, supplier evaluations, and decision-making processes. Responsibilities include coordinating stakeholder reviews, supporting contract negotiations, tracking contractual obligations, facilitating contract execution activities, and providing analytical insights to inform business decisions. The role may lead or direct less complex sourcing and contracting activities while partnering with internal stakeholders, suppliers, Legal, and Risk teams to support successful business outcomes.

Responsibilities

• Conducts market research and analyzes performance metrics to support strategy and decisions regarding suppliers and markets.
• Conducts research and analysis on spend and prior contracts to assist with contract negotiation. Develop and utilize various models (e.g., pricing, total cost ownership).
• Builds and maintains reports to streamline analysis. Supports bid analysis, as needed.
• Communicates findings and recommendations of research and analysis to Supply Chain, Procurement, and Fleet Operations (SCPFO) and business partners.
• 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.
• Draft and negotiate contract terms and conditions, analyze commercial sections of proposals and scopes of work, and interface with all disciplines, including legal, risk management, project controls, construction, engineering, finance/accounting and suppliers.
• Prepare, maintain, retrieve and communicate records, reports or documents that may be required to meet corporate and Contract Administration requirements.
• Provide consultative, analytical and contract administration support for commercial operations and senior management.
• Protect the Company’s interest by enforcing warranties and mitigating risk.
• Execute portfolio assignments as requested, perform contract risk assessments, and formulate mitigation strategies.
• Develop Supplier performance criteria and service levels that align with business requirements.
• Manage and oversee amendments to existing agreements using various models.
• Lead the negotiation process through strategy development, issue recognition, and escalation of issues for moderate to complex negotiations.
• Analyze vendor claims and lead in negotiating settlements for a broad range of issues, including impact of changes-in-law and governmental impositions.
• Coordinate, prepare, and track documents to declare, close, and quantify impact of Company force majeure events.
• Ensure all work activities are performed in accordance with the policies, practices, standards, and rules of the company.
• Draft deal summaries for assigned contracts.
• Other duties as assigned.

Requirements

• Bachelor's Degree in business, accounting, finance, supply chain, or other related field; OR 4 years of relevant work experience.
• In customer service and/or procurement helpful (Procurement Analyst)
• In addition to any experience required above, 2 years of relevant work experience, including experience working with cross-functional teams is required. Supply chain category management experience, preferably within the utility, manufacturing, or construction industry preferred. (Procurement Consultant)
• Excellent analytical, problem-solving, and time management skills desired
• Familiarity with Maximo and Cognos preferred
• Excellent communication skills (written and verbal) desired with an ability to communicate with business partners, stakeholders, and suppliers

Skills

Required

• Analytical skills
• Problem-solving skills
• Time management skills
• Contract administration
• Risk assessment
• Negotiation
• Data analysis
• Market research
• Supplier performance management

Preferred

• Familiarity with Maximo and Cognos

Benefits

• Annual Bonus
• 401(k) Match
• AEP Pension
• Comprehensive Benefits Package
• Where Putting the Customer First Powers Everything We Do!
• $74,551.00 - $109,543.00