Manager, General Accounting

Xcel Energy Services Inc; United States; Hybrid; USD 112,000 - 159,000; Full time

Benefits offered by this job

Medical plan

Dental

Vision

Pension

401(k)

Job summary

Xcel Energy Services Inc. seeks an experienced accounting leader to manage overall accounting and financial reporting with a focus on internal operations and regulatory accounting. You will guide a team, ensure timely close, and align policies with GAAP and FERC requirements.

The role emphasizes collaboration with Operations and Finance, staff development, and timely external reporting to regulators and shareholders. Hybrid work arrangements apply, with a base salary in the established range.

Qualifications

• Bachelor's degree in accounting, finance, or equivalent.
• MBA and/or CPA preferred.
• Minimum five years of experience in accounting, financial analysis, reporting, budgeting, and business and strategic planning.
• Demonstrated knowledge of GAAP and FERC regulatory accounting requirements.
• This position requires the ability to effectively use computer financial systems, Microsoft Office Suite, analytical and problem solving skills, and ability to work extended hours.
• Oral and written communication skills are critical.
• Supervisory experience is preferred.

Responsibilities

• Ensure the timely and accurate accounting close each month using the General Ledger system and confirming appropriate pass-through to the regulatory ledger.
• Oversee development, refinement, and oversight of accounting policies, procedures and standards.
• Provide proactive analysis and support to Operations and Finance.
• Develop and maintain relationships with Operations and Finance.
• Assist and direct staff in preparation of various mandatory external financial reports of the Company to FERC, state regulators and shareholders and others.
• Ensure compliance with various reporting and accounting requirements for such reports.
• Provide support to external auditors as necessary.
• Provide education, training, and support to business area related to accounting policies.
• Ensure pertinent accounting policies and procedures are implemented and applied.
• Coordinate the implementation of new accounting requirements.
• Development and maintenance of standard recurring journal entries.
• Prepare and review month-end account reconciliations accurately and timely.
• Attract, recruit, and retain highly trained and motivated staff.
• Establish and communicate clear performance expectations.
• Maintain documentation and perform testing of Sarbanes Oxley controls.
• Coordinate internal and external audit activities.

Skills

GAAP knowledge

FERC accounting

Financial reporting

Accounting policies

Staff supervision

Communication skills

Microsoft Office

Education

Bachelor's degree in accounting/finance

MBA or CPA preferred

Tools

Microsoft Office

General Ledger systems

Job description

Company Overview

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.

Position Summary

Provide overall management and direction in the areas of accounting and financial reporting (internal and external), with primary focus on internal accounting operations. Provide leadership in the interpretation of accounting information from the Natural Chart of Accounts to the Federal Energy Regulatory Commissions' Uniform System of Accounts. Lead Company personnel in understanding and complying with the processes, which facilitate the achievement of company financial goals and objectives.

Essential Responsibilities

• Ensure the timely and accurate accounting close each month using the General Ledger system and confirming appropriate pass-through to the regulatory ledger.
• Oversee development, refinement, and oversight of accounting policies, procedures and standards.
• Provide proactive analysis and support to Operations and Finance.
• Develop and maintain relationships with Operations and Finance.
• Assist and direct staff in preparation of various mandatory external financial reports of the Company to FERC, state regulators and shareholders and others.
• Ensure compliance with various reporting and accounting requirements for such reports.
• Provide support to external auditors as necessary.
• Provide education, training, and support to business area related to accounting policies.
• Ensure pertinent accounting policies and procedures are implemented and applied.
• Coordinate the implementation of new accounting requirements.
• Development and maintenance of standard recurring journal entries.
• Prepare and review month-end account reconciliations accurately and timely.
• Attract, recruit, and retain highly trained and motivated staff.
• Establish and communicate clear performance expectations.
• Maintain documentation and perform testing of Sarbanes Oxley controls.
• Coordinate internal and external audit activities.

Minimum Requirements

• Bachelor's degree in accounting, finance, or equivalent.
• MBA and/or CPA preferred.
• Minimum five years of experience in various job-related areas such as accounting, financial analysis, reporting, budgeting, and business and strategic planning.
• Demonstrated knowledge of generally accepted accounting principles (GAAP) and FERC regulatory accounting requirements.
• This position requires the ability to effectively use computer financial systems, Microsoft Office Suite, demonstrated planning, analytical, problem solving skills and ability to work extended hours.
• Oral and written communication skills are critical.
• Supervisory experience is preferred.
• Demonstrated ability to motivate others and promote a team environment.

Culture and Values

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. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.

Non-Bargaining

The anticipated starting base pay for this position is: $112,000.00 to $159,400.00 per year

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: 10/30/26

EEO is the Law (PDF) | Equal Opportunity Statement (PDF) | Employee Rights (PDF)

All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.

Accessibility Statement Xcel Energy endeavors to make https://www.xcelenergy.com and https://jobs.xcelenergy.com accessible to any and all users. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.

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.