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Sr. Payroll Analyst
Sr. Payroll Analyst-March 2024
Minneapolis
Mar 28, 2026
About Sr. Payroll Analyst

  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

  Provide expertise and lead projects to ensure accurate and timely payroll processing and financial reporting in a multi-state and multi-company environment. Research and resolve complex payroll and timekeeping issues. Provide payroll/timekeeping system support including reporting, auditing and testing. Ensure compliance with multiple bargaining agreements, Federal/State/local tax regulations and Company policies. Partner with cross-functional teams and various business areas on payroll and system related projects, interfaces, upgrades and enhancements. Define payroll processes and internal controls and implement appropriate process improvements. Maintain current knowledge of tax laws and policies, interpret organizational impact, and implement required process and systems changes to remain compliant and efficient.

  Essential Responsibilities

  Responsible for ensuring accurate and timely payroll processing (regular, off-cycle and annual) in accordance with all federal, state, and local regulations and tax standards, bargaining agreements, and company policies. Calculate and process complex and high-visibility transactions including multi-state taxation adjustments, incentive taxation, retroactive adjustments, year-end tax reconciliations, and unique bargaining payouts.

  Research and analyze complex payroll issues including reconciliations, overpayments, taxation and adjustments. Provide technical payroll processing, calculation, and consulting expertise on business and technology issues that impact how/when employees are paid. Communicate research and analysis results to a wide variety of audiences including senior executives, timekeepers, employees, and external agencies and vendors.

  Provide support for timekeeping systems and payroll administrators including training, managing system access, delivering reporting, supporting processes and procedures, researching issues, reconciling data with other systems, leading special projects.

  Partner with HRIS, Supply Chain, and Finance to ensure all inbound, outbound, and core HRM systems are configured to be current and compliant with all federal, state, and local regulations as they perform all necessary timekeeping, pay, and taxation calculations and transactions. This position can be filled in the following locations: Denver, CO; Minneapolis, MN or Amarillo, TX.

  Minimum Requirements

  Bachelor's degree in business, Accounting or related degree/equivalent experience.

  Five years of related experience including 3 years of experience in complex payroll operations/accounting/reporting with a technical emphasis on payroll and employment tax regulations in a multi-jurisdictional environment.

  Demonstrated knowledge of privacy laws and applicable benefits and payroll regulations. Experience solving complex technical issues and facilitating teams toward solutions.

  Advanced skills/experience in Microsoft Office applications including Word and Excel.

  Experience should include HR, pay, benefits or other shared service functions, project management, payroll systems, including time and labor administration.

  Ability to manage multiple priorities, deliver a high level of accuracy and possess excellent time management skills.

  Ability to effectively communicate with customers including executives and demonstrate strong relationship building skills.

  Customer focused, produces timely and accurate results.

  CPP certification a plus.

  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 [email protected] .

  Non-Bargaining

  The anticipated starting base pay for this position is: $68,000.00 to $96,666.00 per year

  This position may also be eligible for the following benefits and/or pay components: Pay - 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, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

  Pay and benefit packages may vary based on position. Some employees are under collective bargaining agreements, which determine the benefits they will receive. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. 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.

  Anticipated Last Date to Apply: 01/30/24

  EEO is the Law | EEO 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 [email protected]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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