Jobs Xcel Energy – Business Area Finance Director

Job Description:

Senior financial leader responsible for the Transmission 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 the Transmission business area. Oversees, creates, and implements financial plans to manage the requirements of the Transmission 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.

Job Responsibilities:

• Financial Planning, Budgeting & Forecasting: Direct the preparation, review, and approval of budget/forecast information. Maintain effective business planning processes using 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 Management: Senior financial leader for the Business Area (Transmission), working closely with the Transmission President and his/her Vice Presidents to execute strategic initiatives along with operational and financial plans. Proactively direct and provide financial support across the Transmission 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 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 the Transmission business area to include financial reporting, financial statement implications and compliance with all regulatory and SOX requirements.

Job Requirements:

• Demonstrated knowledge of generally accepted accounting principles, regulated utility industry, Sarbanes-Oxley compliance, planning, budgeting, and management reporting.
• Minimum of 10 years professional financial experience.
• Strong ability to develop effective policies, procedures, and business processes.
• Minimum of 5 years management experience is required.
• Bachelor’s degree in accounting, finance, or related business field. MBA or CPA preferred, but not required.
• Demonstrated strong business acumen combined with the ability to communicate effectively with senior management.
• Demonstrated ability to lead others, promote a team environment, and coach and mentor. Demonstrated analytical and organizational skills.

Job Details:

Company: Xcel Energy

Vacancy Type: Full Time

Job Location: Minneapolis, MN, US

Application Deadline: N/A

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