Xcel Energy

Manager, Utility Accounting

LocationDenver, CO
Job TypeFull-time

About This Job

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.


Position Summary

This position oversees the accounting and reporting for commercial and regulatory accounting activities and supervises accounting staff. This includes the settlement, accounting, regulatory deferral, recovery and reporting for fuel commodity procurement and transport, purchase power transactions, trading, and rate case activities. The position reviews new transactions and business opportunities related to Commercial Operations and Regulatory activities to ensure compliance with GAAP, regulatory guidelines, and the proper implementation of any new procedures or systems required to support the new initiatives. The position participates extensively in regulatory proceedings and works closely with senior management in the implementation of regulatory and operational strategies/directives.


Essential Responsibilities

Works closely with Commercial Ops, Regulatory and CFO Sr Mgmt/teams to ensure accounting support for new transactions and business opportunities and implements new systems or cross departmental processes to support business needs. Provides financial support and expertise.
Provides support and/or expert testimony and responses to financial data requests from regulators and interveners related to regulatory filings. Assists in preparation of various external reports such as the SEC 10K/Q or FERC Form 1. Works closely with mgmt in the development of regulatory strategy and in quantifying/analyzing financial information as a result of those strategies.
Responsible for all operating company wholesale gross margin analysis, margin calculations including cost allocation, cost of goods sold analysis, derivative, and deferred accounting. Maintains an in-depth knowledge of accounting issues as they relate to Commercial Ops and Regulatory initiatives and provides accounting and financial expertise.
Participates extensively in the month-end close process. Directs the compilation of month-end margin estimates and works closely with the Commercial Ops and Regulatory groups to ensure estimates are accurately completed within specified deadlines. Oversees the analysis of variances between estimated and actual results and ensures review. Reviews month-end journal entries prepared by staff and ensures all accounting reports are complete and accurate and tie out to the general ledger. Ensures the proper cost allocation of gas, fuels and purchase power to the appropriate plant/assets and trading activities and the appropriate deferral and recovery of costs.
Directs, supervises, and develops a staff of accountants and analysts. Provides training and development. Delegates workload effectively to ensure all responsibilities are completed and deadlines are met. Develops and implements departmental policies and procedures. Provides direction and completes employee evaluations. Provides expertise on various accounting/operational systems and is knowledgeable with the overall systematic flow of information.
Works to improve and streamline accounting processes and practices. Keeps up-to-date with new accounting regulations and trends.


Minimum Requirements

Bachelor's degree; preferably in Business, Accounting or Finance and minimum 7 years accounting experience.
CPA or advanced degree strongly preferred.
Must have exposure/experience in accounting for at least one of the following areas: energy transactions, trading transactions, or accounting in a regulated environment.
Minimum 4-5 years of experience in a managerial accounting role.
Must have advanced system skills, ability to lead and direct others, excellent analytic and problem solving skills and experience in general ledger closings.
Must be able to demonstrate an overall understanding of financial and physical energy markets and be able to thoroughly analyze gross margins.
Must be able to communicate effectively with all levels of employees and meet strict deadlines. Requires occasional travel and extended work hours.

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.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.


Non-Bargaining

The anticipated starting base pay for this position is: $109,500.00 to $155,500.00 per year

This position is eligible for the following benefits: Annual Incentive Program, 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

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.


Deadline to Apply: 04/27/25

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)


ACCESSIBILITY STATEMENT

Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Similar Jobs

company-logo

Assistant General Manager, Navy Yard Electric Utility

logo
Job TypeFull-time
Salary
$108000 - $108000
Philadelphia, Pennsylvania
9 days ago
company-logo

Manager Accounting

Alliant Energy
Job TypeFull-time
Salary
$105000 - $150000
Madison, WI
8 days ago
company-logo

Manager, Accounting

NYISO
Job TypeFull-time
 
Rensselaer, NY
2 days ago
company-logo

Manager Financial Accounting

Tucson Electric Power
Job TypeFull-time
 
Tucson, AZ
29 days ago
company-logo

Manager, Technical Accounting

NuScale Power
Job TypeFull-time
Salary
$111531 - $174446
Houston, TX
1 day ago
company-logo

Manager, Commercial Accounting

Delek US
 
Brentwood, TN
18 days ago
company-logo

Manager Accounting Research and Policy

New Jersey Resources
Job TypeFull-time
Salary
$109200 - $139200
Township of Wall, NJ
7 days ago
company-logo

Accounting Manager

The Waterworks
Salary
$85000 - $105000
Columbus, OH
1 day ago
company-logo

Manager, Project Operations Accounting

NextDecade
Job TypeFull-time
 
Houston, TX
1 day ago
company-logo

Accounting Manager

Michael F Simon Builders
Job TypeFull-time
Salary
$80000 - $95000
Waunakee, WI
2 days ago
GC

Accounting Manager

Gulf Coast Boiler
Job TypeFull-time
Salary
$75000 - $90000
Houston, TX
3 days ago
company-logo

Accounting Manager

Targa Resources
 
Houston, TX
3 days ago
AC

Accounting Manager

Architectural Curtainwall, Inc.
Job TypePart-time
 
Danielson, CT
3 days ago
company-logo

Accounting Manager

PPI Quality & Engineering
 
Saint Ann, MO
3 days ago
company-logo

Accounting Manager

Berks Homes
 
Mohnton, PA
4 days ago
company-logo

Accounting Manager

Henkels & McCoy
Job TypeFull-time
 
Blue Bell, PA
4 days ago
company-logo

Accounting Manager

MasTec Inc
Job TypeFull-time
 
Blue Bell, PA
4 days ago
company-logo

Accounting Manager

Chesapeake Utilities Corporation
Job TypeFull-time
 
Yulee, FL
7 days ago
PW

Accounting Manager

Pella Windows & Doors of Oklahoma
Job TypeFull-time
 
Oklahoma City, OK
7 days ago
HM

Accounting Manager

HR Mpact
Job TypeFull-time
Salary
$68547 - $75915
Flowood, MS
7 days ago

Trending Jobs

company-logo

Assistant General Manager, Navy Yard Electric Utility

Job TypeFull-time
Salary
$108000 - $108000
Philadelphia, Pennsylvania
9 days ago
company-logo

Electrical Engineer

Dudley Staffing
Job TypeFull-time
Salary
$55 - $75
Canonsburg, Pennsylvania
3 months ago
company-logo

Accounts Payable Clerk

Job TypeFull-time
Salary
$65000 - $65000
Dallas, Texas
11 days ago
DM

Apprentice Lineman

Delta Montrose Electric Association
Job TypeFull-time
 
Montrose, CO
14 days ago
company-logo

Attorney

Toeppich & Associates
Job TypeFull-time
 
Houston, Texas
about 1 year ago
company-logo

Apprentice Lineman I

San Patricio Electric Cooperative, Inc.
Job TypeFull-time
 
Sinton, TX
22 days ago
HM

Lineworker Apprentice I

Henderson Municipal Power & Light
Job TypeFull-time
 
Henderson, KY
18 days ago
company-logo

contract landman

HPS Oil & Gas Properties
Job TypeFull-time
 
Lafayette, Louisiana
2 months ago
company-logo

Oil and Gas Land and Title Analyst - SAM Associate II

Bank of America
Job TypeFull-time
 
Dallas, Texas
about 1 month ago
company-logo

Associate Attorney

Buffalo Biodiesel Inc.
Job TypeFull-time
 
Buffalo, NY
21 days ago
company-logo

Senior Landman

Greenlake Energy
Job TypeFull-time
 
Austin, Texas
29 days ago
company-logo

Apprentice Lineman

Southern Pine Electric
Job TypeFull-time
 
Brandon, MS
15 days ago
company-logo

JOURNEYMAN LINEMAN - WOODLAND PARK

CORE Electric Cooperative
Job TypeFull-time
 
Woodland Park, CO
26 days ago
GU

Natural Gas Utility Laborer

GMC Underground
Job TypeFull-time
Salary
$33280 - $47840
Mobile, AL
29 days ago
company-logo

Contracts Administrator

Third Coast
Job TypeFull-time
Salary
$70000 - $85000
Houston, Texas
14 days ago
company-logo

Electrical Designer

Dudley Staffing
Job TypeFull-time
Salary
$45 - $60
Canonsburg, Pennsylvania
3 months ago
company-logo

Tank Wagon Driver - CDL B

Rhinehart Oil
Job TypeFull-time
Salary
$66560 - $66560
Rifle, CO
28 days ago
company-logo

Residential Helper

Waste Pro
 
Columbus, MS
18 days ago
company-logo

Floorhand 2

Key Energy Services
Job TypeFull-time
 
Midland, TX
18 days ago
company-logo

Operator Assistant Trainee - Frac Acid

Halliburton
Job TypeFull-time
 
Zanesville, OH
18 days ago