Contract Analyst
American Electric Power
- Location
- Columbus, OH
- Work model
- On-Site
- Level
- Mid
- H-1B history
- 16 approvals (FY2023)
- Posted
- 18h ago
Skills
About this role
Job Posting End Date 08-21-2026 Please note the job posting will close on the day before the posting end date.
Job Summary
Procurement: The Contract Analyst will play a critical role within the Procurement Center of Excellence, ensuring operational integrity, continuity and efficiency of the organization’s contract lifecycle. This role is responsible for managing the contract renewal pipeline, the administration of the Contract Lifecycle Management system, and providing analytical support through reporting and contract dashboard maintenance. Additionally, this role is responsible for drafting and negotiating contracts and amendments for services, working with vendors, internal business and Legal stakeholders to protect the interest of AEP. This position does not represent AEP as legal counsel but having a JD or Legal background is preferred. The Contract Analyst will demonstrate ability to work beyond routine assignments by solving transactions/problems of moderate complexity and seek new opportunities and areas of learning which increase value to the organization. The Contract Analyst will understand each party’s interests in a negotiation, offer solutions to requested changes that meet those interests, apply issue recognition, and understand how issue recognition fits into the negotiation process. The Contract Analyst shall be highly detail-oriented, possess strong technical aptitude for system administration, and execute low to moderate complexity contracting activities while maintaining procurement schedules and deadlines.
Job Description
Where Putting the Customer First Powers Everything We Do!
What You'll Do
Procurement Planning: Assist in procurement planning by monitoring upcoming contract expirations and coordinating with stakeholders to ensure that proper actions are taken in advance of such deadlines. Manage Contract Lifecycle Management system. Contracting: Draft, review and negotiate low to moderately complex contracts and amendments using approved templates and pre-defined negotiation playbooks. Understand the parameters of the boilerplate terms and offer solutions to requested changes for standard variances from terms. CLM System Administration System Ownership: Serve as primary administrator for the CLM system, ensuring data integrity, user access management, and workflow optimization. Workflow Management: Monitor contract workflows to ensure timely movement through legal, finance, procurement and other stakeholder approval changes. Data Integrity: Regularly audit the CLM database to ensure all metadata (e.g. dates, parties, values, obligations) is accurate and up-to-date Ensure that integrated systems are updated accordingly. Data Analytics and Reporting Dashboard Maintenance: Own and update Procurement dashboards (e.g. Power BI, Agiloft) to provide real time visibility into contract status, spend and expiration. KPI Tracking: Generate periodic reports on key performance indicators such as contract cycle time, renewal success rates and vendor compliance. Template Management Template Maintenance: Maintain the library of procurement templates, ensuring all documents are updated in alignment with legal and regulatory requirements. Contracting Lead the negotiation process through strategy development, issue recognition, and escalation of issues for low to moderately complex negotiations. Demonstrate moderate experience in a moderate range of subject categories relevant to areas of contract responsibility. Monitor contract deadlines for volume nominations/commitments, price reopeners, and term extensions. Determine contract pricing/rates/surcharges pursuant to escalation provisions. Analyze vendor pricing claims and assist in negotiating settlements for impact of changes-in-law and governmental impositions. Coordinate, prepare, and track documents to declare, close, and quantify impact of AEP force majeure events. What We're