Sr Income Tax Analyst or Tax Analyst II

Xcel Energy Inc

Minneapolis (MN)

Hybrid

USD 64,000 - 105,000

Full time

8 days ago

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Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

Dependent Care FSA

Health Care FSA

Health Savings Account

Limited-Purpose FSA

Transportation Reimbursement Account

Short-term disability (STD)

Long-term disability (LTD)

Employee Assistance Program (EAP)

Fitness Center

Job summary

Xcel Energy is seeking a Tax Analyst II or Sr Income Tax Analyst to support the corporate federal and state income tax returns, extensions, and tax accruals. The role involves preparing returns, ensuring filing accuracy, and complying with regulatory requirements across multiple states.

Ideal candidates will have a degree in accounting or business, strong Excel/Word skills, and 2–4 years of income tax experience. The position offers a hybrid work model with competitive benefits.

Qualifications

Degree in business, finance or accounting or equivalent experience.
Two years' experience in income tax compliance and accounting.
Demonstrated communication and relationship skills.

Responsibilities

Participates in the preparation of federal consolidated and state income tax returns and claims for refund to minimize tax liability.
Participates in determining monthly tax accruals to ensure compliance with IRS, GAAP, Sarbanes Oxley and regulatory income tax accounting.
Assists in implementing Company tax policies and annual FERC Form 1 and Uniform Statistical Report.
Performs other non-routine duties as assigned.
Keeps abreast of current changes in tax laws and regulations.

Skills

Communication skills

Income tax experience

Education

Bachelor's degree in accounting

Master's degree or CPA preferred

Tools

Microsoft Excel

Microsoft Word

Job description

Xcel Energy(NASDAQ:XEL)is a leading energy providerand Fortune 500company,dedicated toserving millionsofelectricity andnaturalgascustomersacross eight states:Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota,New Mexicoand Texas.We make energy work better forourcustomers, 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.

This position may be filled at either the Tax Analyst II or Sr Income Tax Analyst level, depending on the selected candidate’s background and years of experience.

Tax Analyst II ($64,100-$90,967)

Position Summary

To assist in the areas of filing the corporate federal and state income tax returns and extensions and the computation of estimated tax payments and tax accruals.

Essential Responsibilities

Participates in the preparation of all required federal consolidated and state income tax returns and claims for refund to ensure accurate and timely filing and minimization of tax liability.
Participates in the determination of the monthly tax accruals and disclosures to ensure compliance with IRS, GAAP, Sarbanes Oxley and regulatory income tax accounting and public utility normalization requirements. The timeliness and accuracy of the monthly tax accrual is critical to the company's earnings determination process.
Assists in implementing Company tax policies in order to maintain compliance with governmental regulatory agencies. Assist in the annual preparation of the Federal Energy Regulatory Commission Form 1 and Uniform Statistical Report.
Performs other non-routine duties and assumes other responsibilities as apparent or as assigned.
Keeps abreast of current changes in tax laws, regulations, and rulings by ongoing reading and research to accurately prepare federal and state income tax returns.

Minimum Requirements

Degree in business, finance or accounting or equivalent experience.
Ability to effectively use Excel spreadsheets and word processing software.
Demonstrated communication and relationship skills.
Two years' experience in income tax compliance and accounting.
Appropriate experience would include: Consolidated federal and unitary state tax return preparation, Estimated federal and state income tax payment calculations, Monthly tax accruals/financial statement presentation, Income tax research and analysis, with references to authoritative tax literature.

Sr Income Tax Analyst ($73,700-$104,633)

Position Summary

To assist at a higher level the Director or Manager, Income Tax Compliance & Accounting in the areas of filing the corporate federal and state income tax returns and extensions, the computation of estimated tax payments, and the computation and reporting of income tax accruals.

Essential Responsibilities

Participates at a higher technical level in the determination of the monthly tax accruals to ensure compliance with IRS, GAAP, Sarbanes Oxley, and regulatory income tax accounting and public utility normalization requirements.
Participates at a higher technical level in the preparation of all required federal consolidated and state income tax returns and claims for refund to ensure accurate and timely filing and minimization of tax liability.
Assists in preparation of quarterly estimated federal and state income tax payments in a manner that minimizes company cash requirements. Includes allocation or distribution of payment obligation among companies in affiliated group.
Prepares or assists in preparation of estimates and projections of income taxes for budgeting purposes, rate filings, and cash forecasts.
Keeps abreast of current changes in tax laws, regulations, and rulings by ongoing reading and research to maintain the ability to inform the Director or Manager, Income Tax Compliance & Accounting of the nature and effect of changes and if appropriate, recommend courses of action.
Performs other duties and assumes other responsibilities as apparent or as assigned.

Minimum Requirements

Bachelor's degree in accounting.
Four years' experience in income tax compliance and 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.
Appropriate experience would include: Current and deferred income tax accruals and financial statement presentation, Consolidated federal and unitary state tax return preparation, Estimated federal and state income tax payment calculations, Income tax research and analysis with references to authoritative tax literature

Preferred Requirements

Master's Degree (i.e. Master of Business Taxation) or equivalent license or certification (i.e. CPA).

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 jobapplicantsreasonable accommodations for disabilitiesthroughout the application process. If youare in need ofanaccommodationto complete the Applicant Accommodation RequestForm.

Non-Bargaining The anticipated starting base pay for this position is: $64,100.00 to $104,633.00 per year.