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Manager (Energy Supply & Market Modeling)

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

Responsible for managing the modeling and analysis functions associated with performing the resource planning activities for all four operating companies. Supervise the development and maintenance of the Company's Encompass resource planning models, ensuring the models accurately represent the Company's existing generation portfolio, the generation options for the future, and the emission profiles for each company. Manage the development, maintenance, and documentation of the model's input data and assumptions to ensure consistent use of data. Supervise the development and evaluation of multiple portfolio scenarios, including supply and demand-side resource options, retirement options, and emission related projects. Review modeling results for accuracy and provide adequate documentation of assumptions, analysis, and decisions.

Essential Responsibilities

  • Manage the development, maintenance and use of the Encompass models. Ensure that the models accurately represent the current generation portfolios and emission profiles. Make sure the models are ready to be used in analyzing a number of generation options on an ongoing basis and that is quick to respond to requests. Complete all Encompass analysis as required.

  • Manage the need to continuously update the models' input files and operating data. Ensure the accuracy of the base models and the data contained in the models. Perform comparison analysis with other models used by the Company and back cast the performance of Encompass against actual results. Ensure there is consistency of data used across all operating companies and provide support for rate cases and corporate budgeting

  • Review and validate the model output and analysis ensuring the accuracy of the analysis being completed. Provide direct management oversight on the review of modeling analysis, emphasizing the importance of timely and accurate analysis.

  • Manage the documentation of resource decisions and RFP analysis, including the assumptions used in the analysis, the options considered, and the results (decisions) that were obtained.

  • Complete other financial and regulatory analysis as required.

  • Perform the management functions of the department including the development of personnel.


Minimum Requirements

  • Degree in engineering, business or equivalent.

  • 5 years of direct experience related to the planning, operations and modeling of electric generation systems using the Encompass model, or equivalent analytical tools.

  • Must be very detail oriented and have good written and oral communication skills.

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 recruiting@xcelenergy.com.

Non-Bargaining

The anticipated starting base pay for this position is: $125,900.00 to $178,766.00 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: 04/11/25

EEO is the LawEEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)

ACCESSIBILITY STATEMENT
Xcel Energy endeavors to make https://www.xcelenergy.com/ 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 recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Average salary estimate

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$125900K
$178766K

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What You Should Know About Manager (Energy Supply & Market Modeling), Xcel Energy

Exciting opportunities await at Xcel Energy as we search for a dynamic Manager in Energy Supply & Market Modeling to join our innovative team! In this role, you'll be at the forefront of resource planning for all four of our operating companies, ensuring we harness the power of energy wisely. Your responsibilities will include managing the Encompass modeling and analysis functions, focusing on accurately representing our current generation portfolio and exploring future generation options. You'll supervise the development of high-quality input data and assumptions to maintain consistency across all operating companies. Being detail-oriented is vital as you'll review modeling results, validating their accuracy and ensuring adequate documentation of assumptions and analyses. This position is about pushing boundaries, analyzing multiple portfolio scenarios, and addressing the complexities of emissions-related projects while contributing to corporate strategy. If you possess a degree in engineering, business, or a related field and have at least five years of experience in electric generation systems, you might be just the person we need! At Xcel Energy, we believe in empowering our employees to learn, grow, and thrive in a collaborative environment. Join us to be part of something greater, where you can make a substantial impact on the energy landscape while enjoying a wide array of employee benefits and a commitment to diversity and inclusion. Ready to embark on this journey with us? Let’s make energy work for everyone!

Frequently Asked Questions (FAQs) for Manager (Energy Supply & Market Modeling) Role at Xcel Energy
What are the responsibilities of the Manager (Energy Supply & Market Modeling) at Xcel Energy?

The Manager (Energy Supply & Market Modeling) at Xcel Energy is responsible for overseeing the modeling and analysis functions related to resource planning for all operating companies. This includes managing the development and maintenance of the Encompass resource planning models, ensuring they reflect our generation portfolio and adhere to emission profiles. The role also involves supervising the validation of modeling outputs and documenting resource decisions. A key part of the job is to manage input data accuracy and perform comparison analyses with other models, ensuring consistent use across the company.

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What qualifications are required for the Manager position (Energy Supply & Market Modeling) at Xcel Energy?

To qualify for the Manager position in Energy Supply & Market Modeling at Xcel Energy, candidates should possess a degree in engineering, business, or a related field. Additionally, a minimum of five years of direct experience in the planning, operations, and modeling of electric generation systems using the Encompass model or similar analytical tools is essential. Strong attention to detail and excellent communication skills, both written and oral, are also critical for this role.

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How does the Manager role at Xcel Energy contribute to resource planning?

The Manager role in Energy Supply & Market Modeling significantly contributes to resource planning by ensuring the Encompass models effectively represent our existing generation portfolios and future options. By evaluating various portfolio scenarios, the manager aids in making informed decisions regarding supply and demand-side resources, retirement options, and emissions-related projects. This proactive approach helps shape Xcel Energy's corporate strategy and optimizes our resource management initiatives.

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What is the benefit of working as a Manager at Xcel Energy?

Working as a Manager (Energy Supply & Market Modeling) at Xcel Energy offers the opportunity to be part of a leading energy company dedicated to innovation and sustainability. Employees enjoy a range of benefits including an annual incentive program, comprehensive health plans, tuition reimbursement, and a 401(k) plan, amidst a supportive work culture that encourages personal and professional growth. This role allows you to make a meaningful impact on energy generation while working in a dynamic and collaborative environment.

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What are the key skills needed for a successful Manager in Energy Supply & Market Modeling at Xcel Energy?

Essential skills for a successful Manager in Energy Supply & Market Modeling at Xcel Energy include strong analytical capabilities, proficiency in modeling tools like Encompass, and excellent leadership qualities. A detail-oriented mindset is crucial for ensuring data accuracy, while effective communication skills are necessary for articulating complex modeling results and influencing decision-making. Additionally, the ability to collaborate with various teams and navigate challenges in resource planning is vital.

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Common Interview Questions for Manager (Energy Supply & Market Modeling)
Can you explain your experience with resource planning models, specifically the Encompass model?

During your response, detail your hands-on experience with the Encompass model, highlighting specific projects or scenarios you worked on. Discuss how you contributed to the development and maintenance of models and provide examples of how you ensured accuracy and consistency in the data utilized, showcasing your problem-solving skills in practical contexts.

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How do you ensure the accuracy of modeling outputs?

In answering this question, emphasize the importance of a systematic approach to validation. Discuss techniques such as regular comparisons with real-world data and other models, thorough documentation of assumptions, and peer reviews to minimize errors. Providing a specific case study where you identified discrepancies and corrected them can further solidify your answer.

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Describe a challenging situation you faced in resource planning and how you overcame it.

Here, craft a narrative that outlines the problem, your analytical approach to solve it, and the successful outcome. Stress your ability to adapt and pivot when faced with obstacles, showcasing your critical thinking and team collaboration skills. Acknowledge what you learned from the experience to demonstrate your commitment to continuous improvement.

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What strategies do you use when managing a team of analysts?

Your response can include fostering open communication, setting clear expectations, and providing constructive feedback regularly. Highlight how you prioritize team members' professional development and encourage continuous learning opportunities. Mention specific methods you've used to motivate your team and enhance productivity.

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How do you stay updated with industry trends and technologies related to energy supply?

Discuss your proactive approach to professional development, such as attending industry conferences, participating in webinars, or joining professional organizations. Share how staying informed about new regulations, technologies, and methodologies contributes to your effectiveness as a Manager in this evolving sector.

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What approach do you take to analyze various portfolio scenarios?

Explain your systematic analytical process when presenting multiple portfolio scenarios. Mention the consideration of factors such as demand forecasts, regulatory environments, and environmental impact, while using modeling tools. Demonstrate your ability to present findings in a clear manner to stakeholders, aiding in strategic decision-making.

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Can you provide an example of a successful project you led in your previous roles?

Detail a specific project that illustrates your leadership and analytical skills in action. Describe the project objectives, the methods you employed to achieve success, and the outcomes achieved. Highlight how your contributions positively affected the organization's resource planning or modeling operations.

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How do you handle conflicting priorities within your department?

Your response can demonstrate your organizational skills and ability to balance competing demands. Discuss methods like prioritization frameworks, open discussions with stakeholders to realign expectations, and ensuring your team has clarity on what needs immediate attention, enabling effective workflow management.

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What impact do you believe your role has on the overall energy strategy of Xcel Energy?

Highlight your understanding of how the Manager in Energy Supply & Market Modeling influences strategic direction by ensuring effective resource allocation, facilitating long-term planning, and balancing sustainability with operational needs. Share your vision on how this role supports Xcel Energy’s mission and help solve ongoing energy challenges.

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Why do you want to work at Xcel Energy as a Manager in Energy Supply & Market Modeling?

Articulate your passion for sustainable energy practices and how Xcel Energy's mission aligns with your professional values. Mention specific aspects of the company, such as its commitment to innovation, the comprehensive benefits offered, and the opportunity to make a significant impact within a collaborative team as reasons for your interest.

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We believe that a diverse workforce makes us strong, and we offer a dynamic workplace where employees are challenged, respected and rewarded for their performance. Our values of inclusion run deep. The Human Rights Campaign has recognized Xcel En...

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