Principal, Corporate Development

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

Identify, evaluate, negotiate, validate, and execute strategic acquisitions, divestitures, and joint ventures to enhance corporate financial performance, efficiency, and capabilities. Coordinate and execute financial valuations, due diligence reviews, and risk assessment of potential acquisitions or divestitures. Negotiate simple to complex transactions. Identify new investment opportunities and develop strategies/build business cases for executing on strategies. Support Corporate Development Operating Company strategies, pipeline development, and portfolio execution. Screen and prioritize industry opportunities and competitive threats. Review and assess business expansion opportunities against screening criteria. Provide support and guidance to business units in assessing and developing new corporate development initiatives. Prepare materials supporting transactions for senior leadership and Board review and approval. Contribute to the efforts to gain regulatory approvals of proposed transactions.

The Principal, Corporate Development role will be a part of the Corporate Development team.  The Corporate Development team is responsible for early-stage project development and acquisition of solar, wind and other advanced energy technology ownership; venture investing, research and commercialization of new technologies including advanced carbon free technologies such as hydrogen and long-duration storage; management of all utility-scale energy contracts with third parties for renewables and other generating resources; and other mergers, acquisitions, and divestures.

Essential Responsibilities

• Support Corporate Development Directors in developing and managing one or more Operating Company Corporate Development Strategies. Negotiate simple to complex transactions. Build investment strategies for entry into new business segments/asset classes. Assess potential business expansion opportunities, including acquisitions, divestitures, or joint ventures for financial contribution and strategic fit. Participate in financial evaluations and due diligence reviews of potential opportunities. Participate in transaction negotiations. 
• Provide guidance and support to business units in assessing and developing new corporate development initiatives which are consistent with company strategic and financial objectives. 
• Screen and prioritize business opportunities and resource allocation. Review and screen business expansion opportunities against screening criteria.
• Assess gaps that exist in the corporation relative to capabilities, markets, business scope, and investment risk/return, and recommend approaches to close those gaps.
• Execute next steps on corporate development opportunities that have been approved for implementation.

Minimum Requirements

• Bachelor's degree in a technical or financial field required.
• MBA preferred.
• Will consider equivalent combination of knowledge/capabilities from experience and education.
• Seven years’ experience in contract negotiation, financial analysis/modeling, and/or equivalent corporate development experience.
• Experience in negotiation desired.
• Excellent written and verbal communication skills.
• Demonstrated financial analysis and/or modeling capability.
• Some knowledge of transaction-related tax, accounting, legal, and human resource issues.
• Capable of integrating technical and business judgment.
• Ability to work well within a team, and to successfully interact with individuals at all levels of the organization.
• Experience in, or extensive knowledge of, an energy related field.
• Must be available to work additional hours.
• Overnight travel as needed.
   

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: 01/02/25

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ACCESSIBILITY STATEMENT
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