Position Summary
Senior financial leader responsible for business area-wide financial performance reporting and analysis. Effectively communicates with Executive Management and senior Business Area leadership. Directs the financial planning, budgeting, accounting, and forecasting for assigned business area. Oversees, creates, and implements financial plans to manage the requirements of the assigned business area. Manages end-to-end financial integration of all business area operational spend, ensuring business area spend is leveraged in meeting business, regulatory, customer and investment community expectations and requirements.
Essential Responsibilities
Financial Management: Senior financial leader for the Business Area, working closely with the Business Area President and his/her Vice Presidents to execute strategic initiatives along with operational and financial plans. Proactively direct and provide financial support across the business area with the common themes of value creation and commercial thinking. Facilitate coordination/communication between business area operations and financial plans/results. Develop strong business relationships and become the trusted business advisor.
Financial Planning, Budgeting & Forecasting: Direct the preparation, review and approval of budget/forecast information. Maintain effective business planning processes through the use of multi-year budgets and a dynamic allocation of resources (O&M and Capital Expenditures). Forecast accuracy is critical to support executive decision-making. Budget/Forecast information must be reliable, transparent and provide a reasonable basis for determining a forecast test year revenue requirement. Provide expert testimony and rate case support for each utility's cost of service, as required.
Financial Analysis & Reporting: Provide direct leadership, both managerial and technical, for financial performance monitoring to support management decision-making. Responsible for all actual vs. budget/forecast variance analysis and management reporting. Effectively communicate financial results (business cost drivers, trends, risks, results) to Business Area Executives, the Financial Performance Team and Financial Oversight of the Operations Council (OPCo presidents).
Financial Reporting & Compliance: Provide key fiduciary and financial governance oversight of business area operations to ensure financial compliance with all applicable policies, procedures and practices. Oversee and direct daily management of financial operations for assigned business area to include financial reporting, financial statement implications and compliance with all regulatory and SOX requirements.
Staff Development: Provide direction, oversight, and guidance to managers/staff, as needed. Direct and manage the development of team goals and communicate company and business area objectives. Create a team environment of continuous improvement and learning to foster professional development. Establish and communicate clear performance expectations. Conduct formal and informal performance discussions (e.g., IPADs, Scorecards) and ensure review in a timely fashion. Coach and mentor team members, as needed.
Perform special projects and other duties, as required.
Minimum Requirements
- Bachelor's degree in accounting, finance or related business field.
- MBA or CPA preferred.
- Minimum of 10 years professional financial experience.
- Minimum of 5 years management experience is required.
- Demonstrated knowledge of generally accepted accounting principles, regulated utility industry, Sarbanes-Oxley compliance, planning, budgeting and management reporting.
- Strong ability to develop effective policies, procedures and business processes.
- Demonstrated ability to lead others, promote a team environment, and coach and mentor. Demonstrated analytical and organizational skills.
- Demonstrated strong business acumen combined with the ability to communicate effectively with senior management.
This position requires a behavioral assessment prior to being considered for an interview.
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As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.
Equal Opportunity Employer: Minority/Female/Disability/Veteran
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com
Requisition Number: 10029
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Xcel Energy, Inc.
414 Nicollet Mall
Minneapolis
Minnesota United States
www.xcelenergy.com
