Director (Strategic Planning & Portfolio Analysis)

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 Design and implement a strategic approach to aggregation and prioritization of the 5-year strategic plan across Operations encompassing the Generation, Transmission, Distribution, Gas and Nuclear organizations. Develop unique methods, evaluation criteria and solutions to assemble, model and prioritize the capital and operations and maintenance budgets for the multi-year planning cycle. Prioritizes the projects and programs across the company portfolios to balance risk, system reliability, resource adequacy, technological innovation, financial investment, customer cost, and executability. Conduct asset and technology lifecycle analysis to inform long-term resource planning and modernization strategies. Provide project management and strategic support on cross-commodity planning and execution. Leads a team of budget planning professionals and analysts. Liaison Operations, the Operating Companies, and CFO organizations to achieve financial and operational objectives. Essential Responsibilities Develop, manage, and execute a risk-informed project prioritization process, across all projects in the Operations enterprise, to rationalize projects in the 5-year strategic budget cycle and enable precision in investment decisions. Influence multi-year budget plans that enable system transformation while balancing system reliability and customer cost, in partnership with Operations. Perform asset and technology lifecycle analysis to evaluate long-term needs, replacement strategies, and modernization opportunities across multiple Operating Companies and commodities. Lead strategic cross-commodity project management to ensure alignment, integration, and coordinated execution of major Planning and Operations initiatives. This could include leadership around resource adequacy, AI tools, and strategic regulatory initiatives. Drive change and produce recommendation through continuous improvement of existing analytical structures and development of strategies to generate financial opportunity and mitigate risk in Company Operations. Enable a project portfolio that aligns with the strategic objectives of the company, notably successful execution by Operations and regulatory effectiveness by the Operating Companies. Deliver rate case quality asset and project analytics on capital and O&M budgets for the financial planning cycle, in partnership with Operations, Operating Companies and the CFO office. Develop robust business cases and frameworks on investment analysis and strategic decisions regarding capital allocation, technology adoption, and resource strategy. Develop and provide discovery responses and/or written testimony in support of regulatory proceedings. Seek, propose, and execute innovative ideas for aligning budget creation across the enterprise with common data, processes, and tools. Benchmark internally across business units, and externally across peer utilities to establish a center of excellence for budget planning and strategic analysis. Establish partnership with internal stakeholders to facilitate key enterprise strategic discussions including the Planning Summit and Peer Review. Lead miscellaneous special projects to enhance and expand the effectiveness of the Integrated System Planning organization. Minimum Requirements Bachelor of Science degree in Engineering, Business, or related discipline from an accredited college or university. Advanced degree preferred. Minimum of 10 years’ experience required in the utility industry. Minimum of 5 years of leadership experience, preferably including strategy development and implementation. Strong financial acumen desired. Expertise in regulatory finance, regulatory accounting, regulatory rate making, and/or strategic capital budget planning for energy assets. Experience with asset lifecycle analysis, business case development, or strategic investment evaluation preferred. Project management experience preferred, including cross-function or cross-commodity initiatives. Preferred experience with accounting and budgeting software tools, such as Unifier, Tamcast, Workbook and/or Power Plan. Demonstrated organizational, leadership, written, and verbal communications skills. Preferred Requirements Utility Finance Leadership experience. 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. 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 View email address on click.appcast.io. Non-Bargaining The anticipated starting base pay for this position is: $148,400.00 to $210,733.33 per year This position is eligible for the following benefits: Annual Incentive Program, Long Term Incentive, 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, Volunteer Paid Time Off (VPTO), Parental Leave Benefit 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: 07/14/26 EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (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 STATEMENT Xcel Energy endeavors to make 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 View email address on click.appcast.io. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. You. Us. Together. At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.