Xcel Energy

Senior Director, Business Area Finance

Xcel Energy

full-time

Posted on:

Location Type: Office

Location: Minneapolis • Colorado • Minnesota • United States

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Salary

💰 $170,700 - $242,366 per year

Job Level

Senior

About the role

  • Acts as the senior-most financial leader for the Business Area, partnering with the Business Area President, Vice Presidents, and enterprise leadership to shape strategy, evaluate tradeoffs, and drive long-term value creation.
  • Influences strategic and operational decisions through disciplined financial insight, scenario analysis, and enterprise perspective.
  • Leads proactive, enterprise-minded financial stewardship across the business area, embedding value creation, commercial rigor, and disciplined capital and O&M decision-making into all major initiatives.
  • Serves as a trusted executive advisor, fostering credibility and influence through deep business understanding, sound judgment, and transparent communication.
  • Directs, governs, and approves multi-year financial plans, annual budgets, rolling forecasts, and long-range outlooks, ensuring alignment with enterprise strategy and regulatory expectations.
  • Establishes and continuously improves enterprise grade financial planning processes, including dynamic resource allocation across O&M and Capital Expenditures, to optimize financial performance and risk management.
  • Holds accountability for forecast integrity, transparency, and executive level readiness, enabling informed decision making by senior leadership and governing bodies.
  • Provides executive level leadership for regulatory strategy, cost of service support, and expert testimony, ensuring defensible, compliant, and strategically aligned regulatory outcomes.
  • Leads enterprise scale financial performance management, integrating operational, financial, and risk insights to support executive and Board level decision making.
  • Oversees comprehensive performance reporting, variance analysis, and trend identification, translating complex financial data into clear, actionable executive insights.
  • Communicates financial results, risks, opportunities, and business drivers with clarity and authority to Executive Leadership, Financial Performance leadership, and enterprise governance forums, including Operations Council and OPCo Presidents.
  • Serves as the senior fiduciary authority for the Business Area, ensuring strong financial governance, internal controls, and compliance with corporate policy, regulatory requirements, and ethical standards.
  • Provides executive oversight of financial operations, financial statement impacts, SOX compliance, and regulatory adherence, proactively identifying and mitigating financial and operational risk.
  • Leads and develops a high performing finance leadership team, setting clear expectations, modeling enterprise leadership behaviors, and building organizational capability.
  • Champions a culture of continuous improvement, talent development, and succession planning aligned with enterprise objectives.
  • Ensures rigorous performance management, coaching, and accountability processes that reinforce results, leadership effectiveness, and professional growth.

Requirements

  • Bachelor’s degree in accounting, finance, or related business field required
  • MBA, CPA, or equivalent advanced credential strongly preferred
  • Minimum of 10 years progressive financial leadership experience, including significant experience at the senior leadership or executive level
  • Minimum of 7–10 years of people leadership experience, including leading managers and complex organizations
  • Demonstrated expert-level knowledge of GAAP, regulated utility finance, Sarbanes Oxley compliance, enterprise financial planning, budgeting, forecasting, and executive reporting
  • Proven ability to design and govern enterprise scale financial policies, controls, and business processes
  • Demonstrated enterprise business acumen with the ability to influence, advise, and challenge senior executives through clear, concise, and credible communication.
Benefits
  • Annual Incentive Program
  • Long Term Incentive
  • Medical/Pharmacy Plan
  • Dental
  • Vision
  • Life Insurance
  • Dependent Care Reimbursement Account
  • Health Care Reimbursement Account
  • Health Savings Account (HSA) (if enrolled in eligible health plan)
  • Limited-Purpose FSA (if enrolled in eligible health plan and HSA)
  • Transportation Reimbursement Account
  • Short-term disability (STD)
  • Long-term disability (LTD)
  • Employee Assistance Program (EAP)
  • Fitness Center Reimbursement (if enrolled in eligible health plan)
  • Tuition reimbursement
  • Transit programs
  • Employee recognition program
  • Pension
  • 401(k) plan
  • Paid time off (PTO)
  • Holidays
  • Volunteer Paid Time Off (VPTO)
  • Parental Leave
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
financial planningbudgetingforecastingvariance analysisfinancial reportingGAAPSarbanes Oxley compliancecapital expendituresrisk managementfinancial performance management
Soft Skills
strategic decision makinginfluencingcommunicationleadershiporganizational capabilitycoachingaccountabilitycontinuous improvementbusiness acumencredibility
Certifications
Bachelor's degreeMBACPA