Fleet Asset Manager

Xcel Energy Services Inc; United States; Hybrid; USD 74,000 - 105,000; Full time

Benefits offered by this job

Medical/Pharmacy Plan

Dental

Vision

Pension

401(k) plan

PTO

Job summary

Xcel Energy is seeking a Fleet Asset Manager to design, develop, and execute a fleet replacement strategy across multiple asset classes. You will collaborate with partners to build annual procurement plans, forecast capital needs, and maximize asset utilization while controlling costs.

This role emphasizes lifecycle cost analysis and cross-functional coordination with sourcing, finance, and operations. Ideal candidates will have a related bachelor’s degree, 5+ years in finance or supply chain,

Qualifications

• Bachelor's degree in related field and five years of experience in accounting, finance, supply chain, or business planning/consulting; or equivalent.
• 3 years of experience in acquisition and disposal of fleet vehicles.
• Demonstrated analytical and problem solving skills.
• Demonstrated ability to build and maintain effective working relationships.
• Strong computer skills required.
• Experience with Microsoft Office and Fleet management tools desired.

Responsibilities

• Manage 1,800 unit fleet of owned and rented assets.
• Ensure asset mix and location support operations.
• Propose/execute pooling and rental strategies.
• Leverage reporting tools to optimize fleet mix.
• Lead the development and implementation of a fleet asset annual plan.
• Provide monthly capital forecasts to finance.

Skills

Analytical skills

Problem solving

Interpersonal skills

Microsoft Office

Fleet management tools

Strong computer skills

Education

Bachelor's degree in related field

Tools

Fleet management tools

Job description

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best. Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Fleet Asset Manager Position Summary

Responsible for the design, development and execution of a fleet asset replacement strategy and plan for Xcel Energy's fleet assets within assigned jurisdiction. Fleet assets are comprised primarily of automobiles, light, medium, and heavy duty trucks, and power operated equipment. Develop fleet design standards that minimize total cost while meeting user requirements. Enhance asset utilization through rental options, maintain adequate equipment pool and redeployment of existing equipment. Collaborate with business partners to develop annual budget for procurement in support of the acquisition plan. Acts as liaison with investment recovery department for divestures of fleet assets and leads monthly forecasting process. Proficient in the development and deployment of a life cycle cost analysis to determine the optimal replacement schedule minimizing the total cost of ownership.

Essential Responsibilities

• Manage 1,800 unit fleet of owned and rented assets.
• Ensure asset mix and location are appropriate to support operation's work functions.
• Propose/execute pooling and rental strategies to share fleet assets, optimally balancing functional, emergency availability, utilization, and cost considerations.
• Leverage reporting tools, identifying high and low use utilization assets, to maintain Xcel's optimal fleet mix.
• Facilitate scorecard metric reviews and utilization improvement projects.
• Deploy lifecycle analysis, such as Total Cost of Ownership models, to determine optimal asset replacement timing, while meeting capital budget requirements.
• Lead the development and implementation of a fleet asset annual plan.
• Accountable for final asset plan, collaborating to gather other inputs such as condition assessments, changing work functions, headcount requirements, supplier availability, and pricing.
• Update asset plan throughout the year and provide delivery forecasts to operations.
• Validate and manages annual fleet capital and rental proposals.
• Establish an asset plan and leverages analytics to monitor and ensure annual spend is within budget.
• Collaborate with suppliers to reserve and set production schedules, partner with sourcing and purchasing to establish supplier relationship management programs, and ensure delivery timing matches budgeted spend.
• Provide monthly capital forecasts to business area finance.
• Gather functional requirements and facilitates specification approvals with operations partners.
• Collaborate with suppliers to build detailed fleet asset design specifications.
• Ensure all vehicles and equipment meet established industry regulations as well as safety and design standards.
• Lead Standardization projects within assigned fleet area, facilitates standards meetings with operations, suppliers, sourcing, and safety teams.
• Document standards in consistent specification templates.
• Introduce new specification technologies to improve operation productivity and meet Xcel's alternative energy goals.
• Collaborate with Fleet Standards & Performance & Fleet Operations team members to maintain standard operating procedures.
• Continuously improve operating procedures to enhance productivity, consistency, and transparency.
• Establish and maintain effective working relationships with a variety of contracted service suppliers to assures quality and cost/benefit of services provided.
• Develop strong relationships with key Xcel stakeholders at the director level: operations, business area finance, capital asset accounting, sourcing and purchasing, material coordination, and fleet operations.
• Accountable for Fleet Management Information System content: supplier selection from sourced contracts and purchasing plans for buyers; initiate asset-specific financial record keeping of capital costs; enter asset identifying information, costs, warranty, and initial maintenance programs in partnership with Fleet Operations programs; upkeep of physical asset location and personnel assignments; enter and maintain specific asset capital and O&M financial accounting in partnership with business area finance; coordinate onboarding of new assets with fleet operations; liaison with investment recovery department for divestures of fleet assets.

Minimum Requirements

• Bachelor's degree in related field such as mechanical engineering, supply chain management, computer science, business, mathematics, finance, or accounting, etc. and five years of experience in accounting, finance, Supply Chain, or business planning/consulting; OR equivalent combination of education and experience.
• 3 years experience in acquisition and disposal of fleet vehicles.
• Mechanical experience beneficial.
• Demonstrated analytical and problem solving skills.
• Demonstrated ability to build and maintain effective working relationships.
• Strong computer skills required.
• Experience with Microsoft Office and Fleet management tools highly desirable.

Preferred Experience

• Working with light, medium and heavy-duty vehicles with complex utility upfitting.

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together. Our Values Connected, Committed, Trustworthy, Safe. Our Employee Commitments Work that makes a difference A team you can count of Opportunities to grow Rewards that help you thrive Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process.

Non-Bargaining

The anticipated starting base pay for this position is: $73,700.00 to $104,633.00 per year.

This position is eligible for the following benefits:

• Annual Incentive Program
• Medical/Pharmacy Plan
• Dental
• Vision
• Life Insurance
• Dependent Care Flexible Spending Account
• Health Care Flexible Spending 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: 10/16/26

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For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance. Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.

You. Us. Together. At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.