Corporate Development Director

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.

Position Summary

Identify, evaluate, negotiate, validate, and execute strategic acquisitions, divestitures, and joint ventures to enhance corporate financial performance, efficiency, and capabilities. Coordinate and execute financial valuations, due diligence reviews, and risk assessment of potential acquisitions or divestitures. Provide a consistent methodology for assessment of new corporate development opportunities and lead operating‑company strategies, pipeline development, and portfolio execution.

Essential Responsibilities

• Provide leadership to the Corporate Development team in developing and managing one or more Operating Company Corporate Development Strategies.
• Independently negotiate multiple large, complex transactions simultaneously.
• Identify and build investment strategies for entry into new business segments or asset classes.
• Direct the assessment of potential business expansion opportunities, including acquisitions, divestitures, or joint ventures, for financial contribution and strategic fit.
• Conduct financial evaluations and due‑diligence reviews of potential opportunities.
• Coordinate and participate in transaction negotiations.
• Provide guidance and support to business units in assessing and developing new corporate development initiatives consistent with company strategic and financial objectives.
• Maintain and continuously improve a consistent methodology for screening and prioritizing business opportunities and resource allocation.
• Review and screen business expansion opportunities against screening criteria.
• Evaluate the company’s portfolio of businesses, assess gaps relative to capabilities, markets, scope, and investment risk/return, and recommend approaches to close those gaps.
• Coordinate and conduct project management of approved corporate development opportunities.
• Coach and develop staff in all areas of Corporate Development deal identification.

Minimum Requirements

• Bachelor’s degree in a technical or financial field (MBA preferred); equivalent combination of knowledge/capabilities may be considered.
• Ten years of experience in acquisitions and divestitures, or equivalent corporate development experience.
• Demonstrated skilled negotiator.
• Excellent written and verbal communication skills.
• Demonstrated financial analysis and modeling capability.
• Deep knowledge of transaction‑related tax, accounting, legal, and human‑resource issues.
• Capable of integrating technical and business judgment.
• Ability to work well within a team and successfully lead and interact with individuals at all levels of the organization.
• Experience in, or extensive knowledge of, an energy‑related field.
• Must be available to work additional hours; overnight travel as needed.

Pay

The anticipated starting base pay for this position is $148,400.00 to $210,733.00 per year.

Benefits

• Annual Incentive Program
• Long‑Term Incentive
• 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

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.