Job Description

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

Under general direction, works on problems of diverse scope and complexity where analysis of data requires evaluation of identifiable factors. Develop models to quantify and optimize the risk associated with the gas and electric distribution systems based on probabilistic, financial and engineering analysis. May provide technical direction to less experienced team members. Optimizing risk includes, but is not limited to, determining impacts to system reliability, operational performance, environment, jurisdictional and business financial performance, system safety, legal and regulatory compliance, and brand impact.

Essential Responsibilities

  • Develop complex models and metrics, as part of daily responsibilities, to quantify the risk associated with the distribution system operational and reinvestment options, based on probability statistical and engineering principles.

  • Develop methodologies for incorporating risk metrics to support project funding decisions. Perform probabilistic risk analysis based on the developed models.

  • Design and perform quantitative studies of historical and forecasted spends. Perform Post Project Effectiveness evaluations as part of the PDCA process.

  • Use trends and analysis to recommend and support capital and O&M funding levels as part of the annual budget process.

  • Continually define and coordinate existing and future data requirements for the analysis necessary to optimize distribution system risk.

  • Communicate risk management processes, results and recommendations to management and employees to support the implementation of the Asset Management model.

Minimum Requirements

Bachelor's degree in computer science, statistics, finance or equivalent. Minimum of 5 to 7 years of risk modeling or related work experience required. Engineering/Utility Industry-Knowledge of utility business operations maintenance, engineering and systems. Quantitative/Statistical Modeling-Ability to develop and analyze predictive models, forecasting, and simulation. Ability to perform regression, correlation and trend analysis Accounting/Financial Modeling-Knowledge of accounting principles. Ability to build financial models. Ability to interpret financial statements. Computer Systems/Information Technology-Advanced ability to use Excel (VBA), Access, MatLab, and other database programs and analytical tools. Advanced ability to collect, extract, and manipulate complex data files. Advanced knowledge of statistics and distribution risk modeling.

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


The anticipated starting base pay for this position is: $81,000.00 to $115,867.00 per year

This position may also be eligible for the following benefits and/or pay components: Pay - 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, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

Pay and benefit packages may vary based on position. Some employees are under collective bargaining agreements, which determine the benefits they will receive. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. 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.

Anticipated Last Date to Apply: 02/25/24

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Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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