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Market Operations Accountant/Senior Accountant Job

Xcel Energy

Location:
Position Type:
Rqd Education: Certification
Rqd Experience: 2 - 5 years
Date Posted: August 14, 2022
Reference Code: 48788-en_US
Job Grade: O
Hierarchy: Yes - We may hire at a higher level
Union Position: Non-Bargaining

This position is posted as a hierarchy at the Market Operations Accountant or Senior Market Operations Accountant level. Successful candidate(s) will be hired at the level that is commensurate with their skills and experience.

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, including entries, analysis and reconciliation of accounting ledgers and other accounts and preparation of inter-company billings, property valuations, required regulatory reporting forms and tax filings.

Essential Responsibilities

  • 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.
  • Collect and analyze financial data in order to perform some or all of the following accounting processes: reconcile assigned accounts, analyze financial data and prepare accounting ledger entries, prepare internal and external reports, settle inter-company receivables and payables, prepare property valuation. Identify and resolve moderate to complex issues. Analyze financial data to identify adverse trends and recommend solutions to mitigate financial impact.
  • Participate in and support special projects as assigned. May include, but 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 supported business area. Assistance includes, but is not limited to interpretation of account codes or financial reports, providing project status reports, and guidance about accounting policies. Prepare presentations, statistical reports, schedules and other information on operating results for management and outside parties. May train other analysts.
  • Stay current with new or proposed local, state, federal rules and regulations and internal and external financial reporting requirements. Applies knowledge of accounting and GAAP principles, practices, rules, processes, operations and company policies and procedures to resolve a variety of issues.

Market Operations Accountant Minimum Requirements
  • Bachelor's degree in Accounting, Finance or related degree or equivalent combination of education, training and experience.
  • Minimum two years general financial accounting and reporting experience with an emphasis on accounting issues and processes.
  • CPA or CMA certification preferred.
  • Intermediate skills with Microsoft Office applications required.
  • Demonstrated knowledge of and ability to apply GAAP principles, knowledge of business and legal principles, and analytical and communication skills.

Senior Market Operations Accountant Minimum Requirements
  • Bachelors Degree in Accounting or Finance.
  • Minimum of two to four, or more years experience in Transmission Accounting, ISO or an energy trading environment may replace the degree requirement.
  • Candidate must have proven abilities in learning systems and be skilled in Excel and other Windows based programs.
  • Energy industry experience is preferred.

Senior Market Operations Accountant Preferred
  • Master's Degree or equivalent certification. For example, CPA, CMA, CFA etc.
    Advisory firm, investment banking, public accounting and/or other relevant experience


Xcel Energy is committed to the safety of its employees and customers, and promotes a Safety Always culture. Because of this, we strongly encourage all employees to be fully vaccinated against COVID-19; however, vaccination is not mandatory. After being hired, you will asked to report your vaccination status and dates of vaccination. This information will be maintained confidentially and disclosed only on a need-to-know basis. If you are not fully vaccinated or choose not to disclose your vaccination status you will be required to follow any health-and-safety rules applicable to unvaccinated employees.

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 || United States (US) || CFO Organization || 29128:Market Operations Acct || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: Lower level: $58,000 to $82,666 per year; Senior Level: $66,000 to $94,00 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

Click here to see our benefits

Requisition Number: 48788
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
About this Employer‍

As a leading electric and natural gas energy company, we offer a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers across our eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Our workforce of more than 12,000 is rising to the challenge of a dynamic, constantly-changing utility industry. One that requires us to be even more customer focused, forward thinking and productive while remaining committed to meeting our customers’ fundamental need for safe, reliable, affordable energy.

With nearly 50% of our workforce eligible to retire in the next five years, there’s never been a better time to come on board. Do you have a passion for renewable energy, like wind or solar? Or care about giving back to the community? You’ll be in a position to directly impact our energy future.

At Xcel Energy, you’ll be challenged, respected and rewarded. You’ll find an ethical team committed to excellence, safety and environmental stewardship. A dynamic company where you’ll have meaningful work that makes a difference.