If IEEEeqnarray
environment is not best-suited for this particular alignment, what could be the best environment to be used?
\documentclass[11pt,a4paper]{article}
\usepackage{blindtext}
\usepackage{mathtools}
\usepackage{IEEEtrantools}
\begin{document}
\begin{IEEEeqnarray*}{rCl}
(x-a)(x-2a)(x-3a)(x-4a)=x^{4}-P_{1}x^{3}+P_{2}x^{2}-P_{3}x+P_{4}.\\
\shortintertext{Here}
P_{1}&=&a+2a+3a+4a=10a,\\
P_{2}&=&1\times 2a^{2}+1\times 3a^{2}+1\times 4a^{2}+2\times 4a^{2}+3\times 4a^{2}=35a^{2},\\
P_{3}&=&2\times 3\times 4a^{3}+1\times 3\times 4a^{2}+1\times 2\times 4a^{3}+1\times 2\times 3a^{3}=50a^{3},\\
P_{4}&=&1\times 2\times 3\times 4a^{4}=24a^{4}.
\shortintertext{so that}
(x-a)(x-2a)(x-3a)(x-4a)=x^{4}-10ax^{3}+35a^{2}x^{2}-50a^{3}x+24a^{4}.
\end{IEEEeqnarray*}
\end{document}