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Senior or Principal Payroll Analyst Job

Xcel Energy

Location:
Position Type:
Rqd Education: Certification
Rqd Experience: 5+ years
Date Posted: September 7, 2022
Reference Code: 50042-en_US
Location(s): CO - Denver; MN - Minneapolis

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
Provide expertise and lead projects to ensure accurate and timely payroll processing and financial reporting in a multi-state and multi-company environment. Research and resolve complex payroll and timekeeping issues. Provide payroll/timekeeping system support including reporting, auditing and testing. Ensure compliance with multiple bargaining agreements, Federal/State/local tax regulations and Company policies. Partner with cross-functional teams and various business areas on payroll and system related projects, interfaces, upgrades and enhancements. Define payroll processes and internal controls and implement appropriate process improvements. Maintain current knowledge of tax laws and policies, interpret organizational impact, and implement required process and systems changes to remain compliant and efficient.

Essential Responsibilities
  • Responsible for ensuring accurate and timely payroll processing (regular, off-cycle and annual) in accordance with all federal, state, and local regulations and tax standards, bargaining agreements, and company policies. Calculate and process complex and high-visibility transactions including multi-state taxation adjustments, incentive taxation, retroactive adjustments, year-end tax reconciliations, and unique bargaining payouts.
  • Research and analyze complex payroll issues including reconciliations, overpayments, taxation and adjustments. Provide technical payroll processing, calculation, and consulting expertise on business and technology issues that impact how/when employees are paid. Communicate research and analysis results to a wide variety of audiences including senior executives, timekeepers, employees, and external agencies and vendors.
  • Provide support for timekeeping systems and payroll administrators including training, managing system access, delivering reporting, supporting processes and procedures, researching issues, reconciling data with other systems, leading special projects.
  • Partner with HRIS, Supply Chain, and Finance to ensure all inbound, outbound, and core HRM systems are configured to be current and compliant with all federal, state, and local regulations as they perform all necessary timekeeping, pay, and taxation calculations and transactions.

Minimum Requirements (Senior Level)
  • Bachelor's degree in Business, Accounting or related degree/equivalent experience.
  • Five years of related experience including 3 years of experience in complex payroll operations/accounting/reporting with a technical emphasis on payroll and employment tax regulations in a multi-jurisdictional environment.
  • Demonstrated knowledge of privacy laws and applicable benefits and payroll regulations.
  • Experience solving complex technical issues and facilitating teams toward solutions.
  • Advanced skills/experience in Microsoft Office applications including Word and Excel.
  • Experience should include HR, pay, benefits or other shared service functions, project management, payroll systems, including time and labor administration.
  • Ability to manage multiple priorities, deliver a high level of accuracy and possess excellent time management skills.
  • Ability to effectively communicate with customers including executives, and demonstrate strong relationship building skills.
  • Customer focused, produces timely and accurate results. CPP certification a plus.
Posted Salary for Senior Level is$66,000 to $94,000 per year

Minimum Requirements (Principal)
  • Bachelor's degree in Business, Accounting or related degree/equivalent experience.
  • Master's degree preferred.
  • Eight years of related experience including 5 years of experience in complex payroll operations/accounting/reporting with a technical emphasis on payroll and employment tax regulations in a multi-jurisdictional environment.
  • Demonstrated advanced knowledge of privacy laws and applicable benefits and payroll regulations.
  • Significant experience solving complex technical issues and facilitating teams toward solutions.
  • Advanced skills/experience in Microsoft Office applications including Word and Excel.
  • Experience should include HR, pay, benefits or other shared service functions, project management, payroll systems, including time and labor administration.
  • Ability to manage multiple priorities, deliver a high level of accuracy, utilize excellent time management
  • Effectively communicate with customers including executives and demonstrate strong relationship building skills.
  • Customer focused, produces timely and accurate results.
  • CPP certification a plus.
Posted Salary for Principal Level is$77,000 to $109,666 per year

Preferred for both Senior & Principal:
  • Workday or UKG experience preferred.


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; MN - Minneapolis || United States (US) || Human Resources & Employee Svc || 85210:HR Operations || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: Principal Level: $77,000 to $109,666 per year / Principal Level is$77,000 to $109,666 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: 50042
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.