Associate Portfolio Manager - Power Purchase

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.

Summary Under the general supervision of a Power Purchase (PP) team members and/or PP leadership: coordinate, negotiate and manage power purchase agreements (PPA's) to minimize Company's costs and to optimize the power supply portfolio; Demonstrate basic power purchase contract management knowledge and skills; Provide assistance PP team members in negotiation and administration of long-term PPA's and associated documents; utilize knowledge and experience to meet regulatory requirements in each jurisdiction associated with resource planning, regulatory reviews, rate cases and approval of PPA's and in the administration of PPA's.

In accordance with applicable company practices and policies, negotiate PPAs, guidance and assistance from other PP team members and legal counsel to ensure effective risk mitigation. Negotiate contracts and contract changes commensurate with experience and demonstrated competence under the guidance of a higher level PP Consultants or PP leadership. Administer and manage all aspects of PPA's. Ensure proper calculation/verification and distribution of billing and payments, security deposits, insurance, notifications, outage scheduling and maintenance periods, and performance monitoring, including various ancillary contractual documents and obligations. Analyze proposals and contracts and prepare summaries based on analysis, with attention to the financial and business risks of the proposed effort; participate in team meetings; prepare and analyze terms, conditions, and assumptions. Review complex pricing proposals and contracts for accuracy and consistency. Identify opportunities to develop and implement creative solutions to contract issues and disputes. Utilize and apply increasing knowledge level of contract negotiation and administration principles, practices, and techniques. Research contract language and seek guidance on complex terms and conditions from PP team members or PP leadership. Coordinate with other Company departments as applicable to ensure that appropriate Company reviews are conducted of new contracts, issues, disputes, and other matters and that required applicable approval signatures are obtained before execution of contractual documents. Act as the primary Company point of contact for all contractual matters on assigned contracts. Draft, prepare, and execute certain internal and external correspondence on contractual matters.

Bachelor's degree in engineering, business, economics, finance or similar. Experience in energy industry including procurement, energy trading, energy dispatch/scheduling, transaction origination, working on regulatory issues, or negotiating and administering contracts preferred. Strong interpersonal, analytical, organizational, and communication skills