Xcel Energy · 14 hours ago
Financial Analyst (contract)
Twin Cities Area
Contract
Hybrid
Mid Level
$33/hr - $34/hr
3+ years expXcel Energy is a company that provides a unique opportunity to serve as a critical bridge between technology and finance. The role involves analyzing complex project requests and ensuring compliance with capitalization policies, influencing how the organization manages technology investments.
Electrical DistributionEnergyNatural Resources
Responsibilities
Review incoming project requests to ensure alignment with internal capital policies and strategic objectives
Validate completeness and accuracy of Statements of Work and supporting documentation
Assess project scope and deliverables to determine appropriate financial classification
Analyze project costs and deliverables to determine proper capitalization treatment under GAAP and FASB standards
Provide clear, well-documented recommendations for financial coding of capital versus operational expenses
Partner with IT, Finance, Project Managers, and Capital Asset Accounting to facilitate accurate project evaluation
Translate technical project details into understandable financial documentation for diverse audiences
Communicate findings clearly to both technical and non-technical stakeholders
Ensure adherence to internal capital policies and regulatory requirements throughout the project lifecycle
Maintain accurate records for audit and financial reporting purposes
Support compliance reviews and respond to audit requests as needed
Identify opportunities to improve intake and classification workflows
Leverage automation and AI tools to increase efficiency and accuracy in financial processes
Contribute to continuous improvement initiatives for financial intake processes
Qualification
Required
Strong understanding of capitalization policies and fixed asset accounting
Comprehensive knowledge of GAAP and FASB compliance frameworks
Expertise in CapEx versus OpEx determinations
Proficiency in reviewing and analyzing Statements of Work and project documentation
Understanding of IT project lifecycle and software implementation processes
Experience with financial governance and capital project budgeting
Familiarity with automation and AI tools for process optimization
Excellent analytical and critical thinking abilities
Strong organizational and documentation skills
Superior written and verbal communication skills
Attention to detail and accuracy in financial analysis
Ability to work independently and exercise sound judgment
Effective collaboration skills across cross-functional teams
3–6 years of experience in capital analysis or financial governance
Demonstrated experience in IT project financial management
Background in capital project budgeting or fixed assets management
Proven track record working with software or IT-related projects
Bachelor's degree in Business Administration, Information Technology, Finance, or related field, or equivalent combination of education and experience
Company
Xcel Energy
Xcel Energy is an electric and natural gas energy company that offers a portfolio of energy-related products and services to customers.
10001+ employees
H1B Sponsorship
Xcel Energy has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (6)
2023 (6)
2022 (4)
2021 (1)
2020 (1)
Funding
Current Stage
Public CompanyTotal Funding
$1.39BKey Investors
US Department of EnergyBreakthrough Energy Ventures
2024-11-04Post Ipo Equity· $1.2B
2023-10-18Grant· $100M
2023-09-22Grant· $70M
Leadership Team
Robert Frenzel
Chairman, President and CEO
Brian Van Abel
Executive Vice President and Chief Financial Officer
Recent News
2025-12-27
2025-12-24
Company data provided by crunchbase