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Team Lead - Energy Settlements

Company: Xcel Energy Inc
Location: Denver
Posted on: April 5, 2021

Job Description:

Location(s): CO - Denver; MN - Minneapolis; WI - Eau ClaireAre you ready to take your leadership potential to the next level with a growing Fortune 500 company? Xcel Energy is at the leading edge of an industry that is changing quickly. We're seeking dynamic, proven leaders to help guide us into this exciting energy future. If you're looking to lead at a company that is committed to excellence, safety and environmental stewardship, with plenty of room to grow, consider a position at Xcel Energy. We also invest in our leaders. From specific programs for new and aspiring leaders to just-in-time resoures to support the seasoned manager, we provide development for any stage of their career.Summary
Responsible for leading and managing a team of settlement accountants in the timely and accurate settlement of deal transactions. Responsible for taking a leadership role in the resolution of disputed transactions both internally and with external counterparties. Responsible for reviewing payment requests, invoices, and journal entries to ensure compliance with department processes, internal controls, contracts, Sarbanes-Oxley (SOX) compliance, and regulatory rulings. Responsible for conducting and overseeing process improvement projects and developing processes for new transactions or commodities, as well as delegating and managing all department projects.

Essential Responsibilities

  • Lead, manage, and complete process improvements, department projects, and corporate projects. Responsible for delegating projects and overseeing projects to ensure the timely and successful completion. Review and document processes, ensure process maps and internal controls are accurate, current, auditable, and compliant with SOX requirements.
  • Lead in the analysis and settlement of transactions on a daily and monthly basis to ensure that sales, purchases, and transportation/capacity contract requirements are being met. Act as a liaison between settlements, front office, middle office, and accounting to resolve deal capture and scheduling issues. Serve as a lead in resolving disputed transactions according to established controls and ensure discrepancy resolutions are documented and communicated to appropriate personnel.
  • Complete the settlement of complex contracts and the settlement of new commodities or deal types. Ensure contract compliance, proper set-up of transactions in deal capture systems, and work with all departments to communicate new detailed transactions for proper and timely accounting.
  • Review and approve of payment requests and invoices. Ensure payment and/or invoice packages are compliant with contract terms, SOX requirements, and corporate policies. Ensure proper and auditable documentation is included.
  • Provide supervision and guidance to direct report staff members, as needed. Assist in managing in the development of group goals and communicate company and department business area objectives. Create a team environment of continuous improvement and learning to foster employee development. Establish and communicate clear performance expectations. Conduct formal and informal performance discussions (e.g.,IPADs, Scorecards) and ensure review in a timely fashion. Coach and mentor less senior team members, as needed.
  • Complete monthly journal entries. Complete analysis of supporting documentation. Complete analysis of estimates, actuals, and variances. Ensure entries are booked correctly and compliant with regulatory rulings. Provide detailed analysis of account activity to management and audit staff.
  • Other duties as assigned.
    Required
    • High school diploma or equivalent
    • Must be detail-oriented and possess strong problem-solving abilities
    • Must have proven skills in accounting systems and deal capture systems, as well as proven abilities in learning new systems
    • Must have proven experience in a project management role and leadership responsibilities
    • Advanced Microsoft Excel skills and other windows based programs
      Preferred
      • Bachelor's degree in Accounting
      • 3 years of general accounting. energy experience in a settlement type function_______________________________________________________________________________________________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.
        Posting Notes: CO - Denver -- CO - Denver; MN - Minneapolis; WI - Eau Claire -- United States (US) -- CFO Organization -- 29124:NSP Commercial Accounting -- Full-Time -- Non-Bargaining --
        --The anticipated starting base pay for this position is: $72,100 to $102,433 per yearClick here to see our benefitsRequisition Number: 30042Equal Opportunity Employer: Minority/Female/Disability/VeteranIndividuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com 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.

Keywords: Xcel Energy Inc, Denver , Team Lead - Energy Settlements, Accounting, Auditing , Denver, Colorado

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