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Xcel Energy Inc.

Accounting Analyst II/Senior Budget Analyst (Minneapolis) Job - United States

Xcel Energy Inc. - Minneapolis, MN

Location(s): MN - Minneapolis

Are you looking for an exciting job where you can put your skills, talents and education 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 professional position at Xcel Energy could be just what youre looking for.

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. Processes may include, but are not limited to, budget development and reporting; analysis and reconciliation of accounting ledgers and other accounts; preparation of accounting ledger entries and supporting work-papers; preparation of inter-company billings; preparation of property valuations and preparation of required regulatory reporting forms and tax filings. May be responsible for training other analysts. Normally receives general instructions on routine work, detailed instructions on new projects or assignments. Works on problems of moderate scope where analysis of situations or data requires a review of a variety of identifiable factors. Exercises judgment within defined procedures and practices to determine appropriate action.

For the Senior Analyst, the successful candidate will direct and coordinate the development, tracking, reporting and analysis of financial information, as well as provide proactive, clear and actionable recommendations and alternatives to Management.  

Essential Responsibilities

Collect and analyze financial data in order to perform some or all of the following accounting processes: budget development, reconciliation and variance reporting for assigned areas, reconcile assigned accounts, analyze financial data and prepare accounting ledger entries, prepare internal and external reports, settle inter-company receivables and payables, prepare property valuations. Identify and resolve moderate to complex data issues. Analyze financial data to identify adverse trends and recommend solutions to mitigate financial impact.

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.

Actively participate in and support special projects as assigned. These may include but are not limited to: testing system upgrades or enhancements, rate case support, conducting financial analysis and developing special reports and process improvement initiatives.

Provide timely and accurate assistance to clients within assigned business area. Assistance includes, but is not limited to: interpretation of account codes or financial reports, providing status reports on projects, work order issue resolution, etc. Prepare presentations, statistical reports, schedules and other information on operating results for management and outside parties. 

Stay current with new or proposed local, state, federal rules and regulations and internal and external financial reporting requirements. Developing professional expertise, applies company policies and procedures to resolve a variety of issues. Knowledge of the principles and practices in a recognized professional field or knowledge of an extensive body of rules, processes, operations, etc. within a highly specialized or technical field.

For the Senior Level, the successful candidate will also coordinate the budget and create a forecast process in the areas assigned, and provide in depth customer support and analysis to comply with Corporate guidelines. They will also provide direction and instruction in training employees regarding financial issues, use of budgeting and forecasting tools and the budgeting and forecasting process.

Minimum Requirements

Combination of Bachelor's Degree in Accounting, Finance, or related degree and minimum of 18 months experience; or three years related experience in lieu of a degree.

For the Senior level, 5 years of experience is required in complex research and analysis.

Requires general financial accounting and reporting experience with an emphasis on accounting issues and processes, multiple company structure and consolidation.

Demonstrated knowledge of and ability to apply GAAP.

CPA or CMA certification preferred and may be required for some positions.

Demonstrated knowledge of business and legal principles.

Demonstrated analytical and communication skills.

Intermediate skills with Microsoft Word, Excel and Access required.


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 youre ready to be a part of something big, we invite you to join our team.

Posting Notes:  MN - Minneapolis || MN - Minneapolis || United States (US) || CFO Organization || 29600:Shared Services Finance || Full-Time || Non-Bargaining ||

Requisition Number: 10363

Equal Opportunity Employer: Minority/Female/Disability/Veteran

Individuals with a disability who need an accommodation to apply please contact us at email address removed

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8 days 9 hours ago

Xcel Energy Inc.


Accounting Analyst II/Senior Budget Analyst (Minneapolis) Job - United States Xcel Energy Inc. - Minneapolis, MN, United States


Location: Minneapolis, MN

Company Profile:
Our name reflects our core value — excellence in energy products and services. We are committed to customer satisfaction by continuously improving our operations to be a low-cost, reliable, environmentally sound energy provider. We have been successfully proving this to our customers for more than 130 years and will work hard to continue with this commitment in the future.