AVP Corporate DevelopmentPosition SummaryLeads and develops the corporate development team responsible for negotiating and executing mergers, acquisitions, and divestitures along with asset project development to enhance financial performance and corporate capabilities. Leads efforts to evaluate, recommend, and develop strategic growth opportunities in coordination with senior leadership. Responsible for developing and executing on asset-level strategies focused on renewable energy (solar, wind, batteries), dispatchable generation, carbon-free technologies (e.g. geothermal, long-duration storage, hydrogen), and other infrastructure investments to enhance long term growth and positioning in the market for the company. Develop and manage a methodology for assessment and review of the business portfolio for financial contribution and strategic fit. Implement and manage a process for the screening and evaluation of business development opportunities and competitive threats.
Essential Responsibilities- Lead and manage the evaluation, and execution of corporate expansion opportunities including mergers, acquisitions, divestitures, or joint ventures. Assess opportunities for financial contribution and strategic fit. Coordinate and conduct financial valuations, due diligence reviews, and internal risk assessment of potential sale or acquisition. Lead negotiations of purchase/sales agreements, including all significant terms and conditions. Prepare materials supporting the transaction for senior management and board review and approval.
- Identify, develop, and implement asset level strategies and project development focused on renewable energy, dispatchable generation and carbon free technologies to support the Company's strategic direction. Partner with Operating Companies, Integrated System Planning, and Business Areas to develop and implement such strategies and ensure alignment with operating company long-term plans.
- Lead effort to gain approvals of proposed transactions through negotiations and regulatory filings. Lead effort to negotiate and obtain all required consents for proposed transactions from third parties. Coordinate and manage the accounting, tax, financial, operational, and human resources activities to ensure appropriate conduct of business in compliance with purchase agreements.
- Formulate and recommend corporate directional focus for development, expansion, or divestiture to enable the implementation of the strategic and financial objectives of Xcel. Develop and manage a consistent methodology for the screening and prioritization of business opportunities and resource allocation. Evaluate Xcel's portfolio of businesses and assess the gaps that exist in the corporation relative to capabilities, markets, business scope, and investment risk/return, and recommend approaches to close those gaps.
- Coach, develop and build a successful high-performing team focused on strategy development, project development and acquisitions, and financial analysis/diligence.
Minimum Requirements- Bachelor's degree in a technical or financial field. MBA strongly desired.
- Ten or more years of business development experience, or equivalent experience in financial fields.
- Excellent written and oral communication skills.
- Proven analytical and financial analysis capabilities.
- Strong negotiating skills.
- Capable of integrating technical, managerial, and business judgment.
- Ability to interact effectively with executive level management and the Board of Directors.
- Ability to work well within a team, and to successfully lead and interact with individuals at all levels of the organization.
- Experience in or extensive knowledge of an energy related field.
Preferred Requirements - Experience with developing or acquiring assets pertaining to Renewables, Dispatchable Generation or Carbon Free Technologies.
Non-Bargaining
The anticipated starting base pay for this position is: $148,400.00 to $241,900.00 per year
This position is eligible for the following benefits: Annual Incentive Program, 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: 07/26/26
