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Xcel Energy

Risk Analyst

Company logo
Xcel Energy
Provides energy services across multiple states, focusing on clean, reliable, and affordable solutions.
Perform statistical analysis of hazard risk losses, coordinate insurance renewal negotiations, and supervise the operation of the company's risk management information system.
17d ago
$62,500 - $88,766
Intermediate (4-7 years)
Full Time
Minneapolis, MN
Office Full-Time
Company Size
14,000 Employees
Service Specialisms
Construction services
Project Management
Consulting
Engineering
Technical Services
Design
Sector Specialisms
Residential
Commercial
Industrial
Utilities
Energy
Infrastructure
Buildings
Government
Role
What you would be doing
sarbanes oxley
risk analysis
contract review
loss analysis
system oversight
loss negotiation
  • Adheres to and assists in monitoring Sarbanes Oxley compliance.
  • Coordinates the compilation of risk exposure information necessary for the renewal negotiations of the company's hazard risk insurance and captive insurance programs by maintaining detailed files, initiating requests for information from various sources within the company and preparing detailed renewal applications and application supplements.
  • Reviews and analyzes third party vendor/supplier contracts with respect to insurance and indemnification provisions.
  • Performs technical statistical loss analysis, maintains accurate databases of historical losses to measure the frequency and severity of losses and determine the business unit responsible for each loss. Ensures through analysis that the data to be used is sufficient and accurate to develop forecasts of future losses and establish strategies for loss control and loss prevention.
  • Supervises the operation of the company's risk management information system by coordination of access, training, system maintenance and oversight of improvements and processes.
  • Analyzes and negotiates losses covered under company insurance contracts and negotiates and prepares third party contracts for approval.
  • Provides risk management support to business units as necessary by arranging for certificates of insurance and surety bonds, providing details of our risk management programs, participating on various committees to provide risk management prospective, development of the Hazard Insurance Web page and other activities as required.
What you bring
bachelor's degree
5 years exp.
extended hours
cpcu/arm
comm skills
claims handling
  • Bachelor's degree in accounting, business law, or insurance and risk management principles.
  • Minimum of five years experience in a risk management department, insurance broker/agency, insurance company or equivalent experience.
  • Ability to work extended hours as required.
  • CPCU or ARM designation or equivalent knowledge through experience.
  • Ability to communicate to all levels of management.
  • Claims handling experience.
Benefits
Information not given or found
Training + Development
Information not given or found
Interview process
Information not given or found
Visa Sponsorship
Information not given or found
Security clearance
  • adherence to and assistance in monitoring sarbanes oxley compliance
Company
Overview
1909
Year Established
The company has a history spanning over a century, demonstrating its long-standing presence in the energy sector.
  • hidden炳 Renewable energy solutions, including wind and solar power.
  • hidden炳 Reducing carbon emissions and increasing clean energy generation.
  • hidden炳 Large-scale renewable projects like the Rush Creek Wind Project in Colorado.
  • hidden炳 Service offerings cover residential, commercial, and industrial energy needs with an emphasis on sustainability.
  • hidden炳 Leader in energy efficiency programs, helping customers reduce consumption and costs.
  • hidden炳 Innovates in the energy sector, balancing economic and environmental goals.
Culture + Values
90% Reduction
CO2 Emissions
Achieved a significant reduction in carbon dioxide emissions through sustainable practices and energy efficiency initiatives.
20 Hours
Employee Training
Provides employees with 20 hours of annual training focused on professional development and personal growth opportunities.
  • Fosters a culture of innovation and creativity.
  • Encourages open communication and collaboration.
  • Values diversity and inclusion within the workplace.
  • Supports community engagement and corporate social responsibility.
Environment + Sustainability
57% reduction
Carbon emissions from electricity
Achieved a 57% reduction in carbon emissions from 2005 levels as of early 2025.
1.5 million EVs
Electric vehicles enabled by 2030
Plans to enable 1.5 million electric vehicles by 2030 as part of broader sustainability goals.
$45 billion investment
In renewable energy projects
Investing $45 billion in generation, transmission, and other clean energy projects over five years (2024–2029).
54% carbon-free energy
In 2023
Achieved a 54% share of carbon-free energy in 2023, contributing to long-term sustainability goals.
  • Plans for zero-carbon fleet and enhanced EV charging infrastructure by 2030/2035 include enabling 1.5 million electric vehicles and achieving $1/gallon equivalent fuel savings for customers.
  • Investing in 4,000 MW+ of new wind and solar capacity by 2032, with all coal plants retiring by 2030 and nuclear energy extended until 2040.
  • Developing battery storage technologies, such as a 10 MW iron-air battery, and piloting innovative solutions like hydrogen, RNG, heat pumps, and smart water heaters.
  • Built a network of ~750 high-speed public EV charging stations in Minnesota and Wisconsin by 2026, alongside a home charger installation program to support widespread EV adoption.
Inclusion & Diversity
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