Senior Manager, Capital Asset Accounting

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

Responsible for the management of the corporate regulatory cost recovery process, plant asset related tax deductions, tax normalization, and regulatory compliance and rate case support for all investment related rate base and cost of service information. Ensures all activities are compliant with requirements of FERC, the various state PUCs, the IRS, the NRC, and that all accounting is performed within GAAP and Company guidelines.

Essential Responsibilities

• Asset regulatory recovery. Develop regulatory capital strategy for each rate case, lead the testimony development and planning for expected impact of new construction, experience changes and passage of time. Act as a witness in regulatory proceedings both for written testimony and in person where required.
• Provide input for Company’s capital investment cost recovery process including the development of detailed actuarial analysis, regulatory filings with state/federal rate regulatory commissions, and expert testimony to support recovery levels in rate proceedings. Also includes the accounting for depreciation expense and Asset Retirement Obligations.
• Manage the Company’s nuclear plant decommissioning funding process. Development of detailed engineering cost studies combined with a complete financial and economic analysis to develop detailed regulatory filings which establish the rate payer funding levels necessary to accumulate to the total future decommissioning cost requirement, in compliance with various state regulatory commission requirements, the minimum external funding requirements of the NRC, and the tax qualified funding requirements of the IRS.
• Manage the plant asset related ratemaking forecast process which supports the Company’s filings for all retail and wholesale jurisdictions. Includes testifying in rate proceedings as well as supporting all presentation of Capital Asset Accounting issues in these proceedings.
• Manage the maximization of the Company’s corporate income tax deductions from the computation and support of accelerated income tax depreciation expenses and provide for the computation and support of deferred income taxes, which normalize the impact of these accelerated deductions for ratemaking and book accounting purposes, in compliance with the Internal Revenue Code and supporting tax regulations and state and federal rate regulatory agency requirements.

Minimum Requirements

• This position requires a four-year degree or equivalent in business/finance/accounting related subject areas and 8 plus years experience in public utility finance/accounting.
• Prior supervisory experience preferred.
• Advanced degree or certifications (MBA, CPA) preferred.
• Strong written and oral communication skills are required to provide expert testimony in regulatory proceedings and communicate effectively with upper management.
• Strong leadership and interpersonal skills are also required to effectively provide the management and leadership to the overall asset accounting staff and functional responsibilities.

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: $122,000.00 to $173,933.33 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.

Deadline to Apply: 11/18/24

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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.

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