Corporate Development Director

Xcel Energy•Minneapolis, MN

1d•$148,400 - $210,733

About The Position

Xcel Energy is seeking a Corporate Development Director to identify, evaluate, negotiate, validate, and execute strategic acquisitions, divestitures, and joint ventures. This role aims to enhance corporate financial performance, efficiency, and capabilities. The position involves coordinating and executing financial valuations, due diligence reviews, and risk assessments of potential transactions. The Director will negotiate multiple large, complex transactions simultaneously, provide a consistent methodology for assessing new corporate development opportunities, and identify areas for new investment. They will lead Operating Company strategies, pipeline development, and portfolio execution, while also implementing and improving processes for screening industry opportunities and competitive threats. The role requires reviewing and assessing business expansion opportunities against screening criteria, providing support to business units, and preparing materials for senior leadership and Board review. Additionally, the Director will coordinate efforts to gain regulatory approvals and provide guidance to corporate development team members.

Requirements

Bachelor's degree in a technical or financial field required.
Ten years’ 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 to 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.

Nice To Haves

MBA preferred.
Will consider equivalent combination of knowledge/capabilities from experience and education.

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/build investment strategies for entry into new business segments/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 which are consistent with company strategic and financial objectives.
Maintain and continuously improve a consistent methodology for the screening and prioritization of business opportunities and resource allocation.
Review and screen business expansion opportunities against screening criteria.
Evaluate the company'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.
Coordinate and conduct the project management of corporate development opportunities that have been approved for implementation.
Coach and develop staff in all areas of Corporate Development deal identification.