Sourcing Project Specialist / Sr SC Capital Projects Specialist

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.This position may be filled at either the Sourcing Project Specialist or Sr SC Capital Projects Specialist level, depending on the selected candidate's background and years of experience. Sourcing Project Specialist ($84,900-$120,567)Position SummaryProvides leadership and direction for large, complex projects. Develops negotiation strategies and leads negotiations with suppliers representing all internal stakeholders. Executes contracts and monitors supplier performance to optimize project success. Mentors, coaches and oversees development of associate sourcing project specialists.Essential ResponsibilitiesSOURCING - Sources for high-value, complex goods and services in support of significant company projects (up to $50M). Leads the process for defining technical bid requirements and specifications and specialized terms and conditions required by individual capital projects. Leads bidding events and bid evaluation teams to analyze proposals and award business. Seeks opportunities to consolidate sourcing activities to encourage supplier competition. Seeks opportunities for cost savings and cost avoidancePROJECT MANAGEMENT - Creates and manages a project plan for the sourcing of goods and services and controls the necessary supply chain resources in support of the plan. Interacts with business unit personnel to integrate the sourcing and business project plans. Maintains relationships with key business unit stakeholders and communicates sourcing project status. Establishes metrics for evaluating and documenting specific supplier services and contractual requirements and monitors performance.NEGOTIATIONS - Develops negotiation strategies and leads negotiations representing company interests in major project purchases associated with capital projects. Facilitates the resolution of disputes and contract adjustments with suppliers and internal stakeholders.SUPPLIER MANAGEMENT - Establishes and oversees the process to track and monitor supplier performance, commitments and progress milestones to ensure full value of the project has been achieved. Identifies opportunities in collaboration with a category manager to support project needs with key suppliers in alignment with category strategies. Manages tier I and II supplier relationships as assignedRISK CONTAINMENT - Applies understanding of underlying principles of contract law to administer all project contract agreements and contractual forms, Defines and manages the risk elements of the contract and assembles all necessary documentation for obtaining project-specific insurance. Limits company liability by ensuring all required documents and notices have been obtained and are satisfactory.MENTORING - Mentors associate project specialist in sourcing event management, negotiation strategy, program standardization, supplier management, project management and risk containment.Minimum RequirementsBachelor's degree in Supply Chain Management, Engineering, Project Management, Business, Finance or equivalent experience required.Requires five of purchasing, sourcing or logistics experience.Project management experience is a plus.Significant contract knowledge, negotiation and project management skills required.Requires considerable knowledge and expertise in sourcing and supply chain management principles.Must pursue and maintain Certified Professional in Supply Management (CPSM) certification or equivalent.Proficiency in Microsoft Office suite and significant experience with purchasing and sourcing systems is required.Must be results-oriented and customer focused.Strong interpersonal, relationship, and presentation skills are required.Up to 20% domestic travel is required.Sr SC Capital Projects Specialist ($97,600-$138,600)Position SummaryDevelop, manage and execute large-scale engineering, procurement, & construction (EPC), engineered equipment, and construction services contract project sourcing strategies aligned with business stakeholder priorities. Utilize construction project contract expertise to procure construct EPC/turnkey contracts. Implement strategies to achieve project savings targets. Develop strategies and negotiate commercial terms and contracts with suppliers. Manage risk mitigation and post award contract management plans, including KPIs and supplier reviews to optimize successful project execution. Essential Responsibilities Execute contracting and procurement strategy/tactics for large-scale capital projects, sourcing for high value, complex goods and services. Utilize should cost models and project justifications. Lead the process to define technical bid requirements, specifications, and specialized terms & conditions. Execute bidding events. Lead bid evaluation teams to analyze proposals and award business. Coordinate with Category Management to leverage scale for recurring purchase opportunities and value capture. Apply expert contract knowledge, diligence, and integration of all contract components to ensure efficient project delivery management. Lead the development, refinement, and application of the project delivery contracting strategy for assigned projects. Ensure contractor training and compliance with corporate policies and procedures. Deploy contract negotiation strategies and plans to facilitate negotiation of contracts representing company interests in purchases associated with large-scale capital projects. Analyze, verify, and negotiate modifications, changes, or additional work orders that were not part of the original contract or purchase scope. Resolve disputes and contract adjustments with critical suppliers and internal stakeholders. Create and manage project plans for sourcing goods and services. Integrate sourcing and business project plans to develop enterprise-wide standardization of technology and equipment specifications. Deepen relationships with stakeholders and communicate sourcing project status. Execute post award contract management plans, including KPI development. Review with suppliers that contractor commitments and progress milestones are tracked in accordance with contractual terms & conditions and full project value is achieved. Manage post award contract management plans. Manage supplier performance to ensure commitments and progress milestones are met. Collaborate with Category Managers to support project needs in alignment with category strategies. Manage critical supplier relationships. Develop and lead capital project risk management strategies. Apply contract law knowledge to administer project contract agreements and contractual forms. Manage contract risk and assemble documentation to obtain project specific insurance. Limit company liability by ensuring proper documentation. Minimum RequirementsBachelor’s degree in Supply Chain Management, Engineering, Construction Management, Business, or related technical/analytical field.Requires five years of advanced contracting, sourcing, or logistics experience.Project management experience required.Expert contract knowledge, negotiation and project management skills required.Requires advanced expertise in sourcing and supply chain management principles.Proficiency in Microsoft Office Suite and significant experience with purchasing and sourcing systems is required.Must be results-oriented and customer focused.Strong interpersonal, relationship, and presentation skills are required.Up to 20% travel; driver’s license required.Preferred QualificationsPrevious Nuclear experience preferredExperience using SAP and working with COUPAMBA and Certified Professional in Supply Chain Management (CPSM) or other supply chain certification strongly preferred.Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.Our ValuesConnected, Committed, Trustworthy, SafeOur Employee CommitmentsWork that makes a differenceA team you can count ofOpportunities to growRewards that help you thriveXcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form. Non-BargainingThe anticipated starting base pay for this position is: $90,000.00 to $120,567.00 per yearThis position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Flexible Spending Account, Health Care Flexible Spending 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, Volunteer Paid Time Off (VPTO), Parental LeaveBenefit 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.In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.Deadline to Apply: 11/05/26EEO is the Law (PDF) | Equal Opportunity Statement (PDF) | Employee Rights (PDF)All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.Accessibility StatementXcel Energy endeavors to make and accessible to any and all users. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form. For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance. Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.SummaryLocation: Welch, MN, 55089; Minneapolis, MN, 55401; Monticello, MN, 55362Type: Full time