Senior Principal Risk Management Analyst

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 youre looking for.

Position Summary

Under broad direction works on problems where analysis of data requires further inquiry and analysis to make recommendations. Works on Complex projects. Develops models to quantify and optimize the risk associated with the gas and electric distribution systems based on probabilistic financial and engineering analysis. Provides technical direction to less experienced team members. Optimizing risk includes but is not limited to determining impacts to system reliability operational performance environment jurisdictional and business financial performance system safety legal and regulatory compliance and brand impact.

Essential Responsibilities

• Develops models and metrics as part of daily responsibilities to quantify the risk associated with the distribution system operational and reinvestment options based on probability statistical and engineering principles. Evaluates strategic options for managing assets.

• Develops methodologies for incorporating risk metrics to support project funding decisions. Performs Life Cycle Cost analysis based on the developed models.

• Designs and performs quantitative studies of historical and forecasted spends. Perform Post Project Effectiveness evaluations as part of the PDCA process. Leverage tools existing studies business area systems and data to identify develop and deliver meaningful forecasts profiles metrics and other analytics associated with electricity gas or transportation.

• Uses trends and analysis to recommend and support capital and O&M funding levels as part of the annual budget process.

• Continually defines and coordinates existing and future data requirements for the analysis necessary to optimize distribution system risk.

• Communicates risk management processes results and recommendations to management and employees to support the implementation of the Asset Management model.

Minimum Requirements

• Bachelors degree in computer science statistics finance or equivalent.

• Advanced degree desired.

• Minimum of 7 years of risk modeling work experience or related field required which may include actuarial risk management and economics.

• Engineering/Utility Industry-Knowledge of utility business operations maintenance engineering and systems. Quantitative/Statistical Modeling-Ability to develop and analyze predictive models forecasting and simulation.

• Ability to perform regression correlation and trend analysis

• Accounting/Financial Modeling-Knowledge of accounting principles. Ability to build financial models.

• Ability to interpret financial statements. Computer Systems/Information Technology-Advanced ability to use Excel (VBA) Access MatLab and other database programs and analytical tools.

• Advanced ability to collect extract and manipulate complex data files.

• Advanced knowledge of statistics econometrics and risk modeling.

• Demonstrated analytical and financial analysis capabilities.

Preferred Qualifications:

• Familiarity with code development tools like Python SQL Databricks

• Familiarity with Geospatial data and analysis tools like QGIS

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 youre 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 .

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.

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 companys information and systems by adhering to cybersecurity policies standards and best practices recognizing that cybersecurity is everyones 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 This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.