Sr Accounting Analyst

Xcel Energy; Denver (CO); Hybrid; USD 74,000 - 105,000; Full time

Benefits offered by this job

Annual incentive

Medical plan

Dental coverage

Vision coverage

Life insurance

401(k) plan

PTO and holidays

Parental leave

Job summary

Xcel Energy is seeking a Sr Accounting Analyst in Denver, CO for a role that supports month-end close, financial reporting, and inter-company billings. The position emphasizes GAAP proficiency, cross-functional collaboration, and system improvements within a hybrid work model.

Responsibilities include detailed financial analysis, data reconciliation, and regulatory reporting, with opportunities to lead projects and mentor junior staff.

Qualifications

• Bachelor's degree in accounting, Finance or related business degree or an equivalent combination of education, training, and experience.
• Minimum of 4 years’ experience in general financial accounting and reporting experience, with an emphasis on complex accounting issues, processes, and multiple company accounting.
• Demonstrated knowledge of GAAP and strong analytical/communication skills.
• Knowledge of and experience working with SAP highly desirable.

Responsibilities

• Participate in and support accurate month-end, quarter-end and year-end accounting close cycles and development of subsequent internal and external financial statements, required regulatory reporting forms and tax filings.
• Collect and analyze complex financial data to reconcile accounts, prepare ledger entries, reports, and inter-company billings; identify trends and mitigate financial impact.
• Lead special projects such as system upgrade testing, rate case support, ad hoc reporting and process improvements.
• Provide timely guidance to clients within the supported business area and prepare presentations and schedules for management and outside parties.
• Stay current with local, state and federal rules and GAAP practices to resolve complex issues.
• May provide work direction and training to other analysts.

Skills

GAAP knowledge

Analytical skills

Communication skills

Microsoft Office

SAP experience

Education

Bachelor's degree in accounting or finance

Tools

SAP

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.

Sr Accounting Analyst

Position Summary

Perform general accounting processes to ensure accurate and timely accounting close cycles and the development of subsequent internal and external financial statements and reports, including entries, analysis and reconciliation of accounting ledgers and other accounts and preparation of inter-company billings, property valuations, required regulatory reporting forms and tax filings.

Essential Responsibilities

• Participate in and support accurate month-end, quarter-end and year-end accounting close cycles and development of subsequent internal and external financial statements, required regulatory reporting forms and tax filings. May assume a lead role, responsible for the accurate and timely analysis and reporting of various business cycles.
• Collect and analyze a variety of complex financial data in order to perform some or all of the following accounting processes: reconcile assigned accounts, analyze financial data and prepare complex accounting ledger entries, prepare reports, settle inter-company receivables and payables, and prepare property valuations. Select methods and techniques to analyze financial data to identify adverse trends and recommend solutions to mitigate financial impact.
• Participate in or lead special projects as assigned. Projects may include but are not limited to testing system upgrades or enhancements, rate case support, conducting financial analysis and developing ad hoc reports and process improvement initiatives.
• Provide timely and accurate assistance and consultation to clients within supported business area, including, but not limited to interpretation of account codes or financial reports, providing project status reports, and work order resolution. Prepare presentations, statistical reports, schedules and other information on operating results for management and outside parties. Consult with co-workers, clients and management on technical accounting or system-related matters.
• Stay current with new or proposed local, state, federal rules and regulations and internal and external financial reporting requirements. Uses broad understanding of accounting and GAAP practices to resolve a wide range of complex issues in creative ways.
• May provide work direction and training to other analysts.

Minimum Requirements

• Bachelor's degree in accounting, Finance or related business degree or an equivalent combination of education, training, and experience.
• Minimum of 4 years’ experience in general financial accounting and reporting experience, with an emphasis on complex accounting issues, processes, and multiple company accounting. Note: Candidates with a master's degree or certification such as CPA, CMA, CFA, etc. or investment banking or public accounting background may be granted years of experience to reach the 4-year minimum.
• Intermediate to advanced skills with Microsoft Office applications.
• Demonstrated knowledge of and ability to apply GAAP.
• Demonstrated knowledge of business and legal principles, analytical and communication skills.
• Knowledge of and experience working with SAP highly desirable.

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: $73,700.00 to $104,633.00 per year

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.

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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.