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.

 

Position Summary

Under broad direction, works with stakeholders across multiple functions to establish a risk-based modeling approach for the enterprise top risks, using Xcel Energy’s risk framework and criteria. Collects the required internal and external risk and contextual information. Conducts probabilistic modeling of hazard-based risks and of uncertainties in operations, planning, modeling, and decision-making processes. Engages stakeholders throughout the process to align on scope, inputs, assumptions, results, and recommendations.

Essential Responsibilities

• Develops models and metrics, as part of daily responsibilities, to quantify risk based on economic, probability, and engineering principles. Evaluates strategic options for managing risk and uncertainty.
• Develops methodologies for incorporating risk metrics to support strategic and operational decisions.
• Designs and performs quantitative studies of business assumptions. Leverages tools, existing studies, business area systems, and data to identify, develop, and deliver analyses of hazard-based risks, uncertainties in assumptions, and uncertainties in achieving business objectives.
• Uses trends and analysis to extrapolate historical data to current and future levels of uncertainty and risk.
• Continually defines and coordinates existing and future data requirements for the analysis necessary to optimize industry risk benchmarking and enterprise risk assessment and management.
• Communicates risk management processes, results, and recommendations to support decision-making, resource allocation, assessment of mitigation program effectiveness, and monitoring of risk trends.

Minimum Requirements

• Bachelor's degree in computer science, statistics, finance, mathematics, energy economics, or equivalent. Advanced degree desired.
• A minimum of 7 years of work experience in risk modeling or a related field is required. Related fields may include actuarial science, risk management, economics, and energy systems.
• Engineering/Utility Industry - Knowledge of utility business operations, maintenance, engineering, and systems.
• Quantitative/Statistical Modeling - Ability to develop and analyze predictive models, forecasts, and simulations.
• Advanced knowledge of statistics, econometrics, and risk modeling. Demonstrated analytical and financial analysis capabilities.
• Programming/Data Platforms - Advanced proficiency in current programming and statistical software for data analysis, statistical modeling, and simulation. Experience with large data repository systems for large-scale data processing, data pipelines, and analytics.
• Artificial Intelligence - Advanced use of AI tools and techniques, including generative AI, to accelerate data collection, analysis, modeling, and reporting.

 

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.

Our Values

Connected, Committed, Trustworthy, Safe

Our Employee Commitments

• Work that makes a difference
• A team you can count of
• Opportunities to grow
• Rewards that help you thrive

 

Xcel 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-Bargaining

 

The anticipated starting base pay for this position is: $97,600.00 to $138,600.00 per year

 

This 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 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: 11/16/26

 

EEO 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 Statement

Xcel Energy endeavors to make https://www.xcelenergy.com and https://jobs.xcelenergy.com 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.