Risk Analyst

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

Performs (technical statistical) analysis of hazard risk historical losses and loss forecasts. Coordinates the compilation of information necessary for the renewal negotiations of the company's hazard risk insurance and captive insurance programs. Supervises the operation of the company's risk management information system in an effective and efficient manner. Provides risk management support to business units as necessary.

Essential Responsibilities

- Performs technical statistical loss analysis, maintains accurate databases of historical losses to measure the frequency and severity of losses and determine the business unit responsible for each loss. Ensures through analysis that the data to be used is sufficient and accurate to develop forecasts of future losses and establish strategies for loss control and loss prevention.

- Supervises the operation of the company's risk management information system by coordination of access, training, system maintenance and oversight of improvements and processes.

- Coordinates the compilation of risk exposure information necessary for the renewal negotiations of the company's hazard risk insurance and captive insurance programs by maintaining detailed files, initiating requests for information from various sources within the company and preparing detailed renewal applications and application supplements.

- Provides risk management support to business units as necessary by arranging for certificates of insurance and surety bonds, providing details of our risk management programs, participating on various committees to provide risk management prospective, development of the Hazard Insurance Web page and other activities as required.

- Reviews and analyzes third party vendor/supplier contracts with respect to insurance and indemnification provisions.

- Analyzes and negotiates losses covered under company insurance contracts and negotiates and prepares third party contracts for approval.

- Adheres to and assists in monitoring Sarbanes Oxley compliance.

Minimum Requirements

- Bachelor's degree in accounting, business law, or insurance and risk management principles.

- Minimum of five years experience in a risk management department, insurance broker/agency, insurance company or equivalent experience.

- CPCU or ARM designation or equivalent knowledge through experience.

- Claims handling experience.

- Ability to work extended hours as required.

- Ability to communicate to all levels of management.

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: $62,500.00 to $88,766.00 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: 10/12/25

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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.