AVP Corporate Development

AVP Corporate Development

Position Summary:

Leads and develops the corporate development team responsible for negotiating and executing mergers, acquisitions, divestitures, and asset project development to enhance financial performance and corporate capabilities.

• Lead and manage the evaluation and execution of corporate expansion opportunities including mergers, acquisitions, divestitures, or joint ventures.
• Assess opportunities for financial contribution and strategic fit.
• Coordinate and conduct financial valuations, due diligence reviews, and internal risk assessments of potential sale or acquisition.
• Lead negotiations of purchase/sales agreements, including significant terms and conditions.
• Prepare materials supporting the transaction for senior management and board review and approval.
• Identify, develop, and implement asset‑level strategies and project development focused on renewable energy, dispatchable generation, and carbon‑free technologies to support the company’s strategic direction.
• Partner with operating companies, integrated system planning, and business areas to develop and implement such strategies and ensure alignment with operating companies’ long‑term plans.
• Lead efforts to gain approvals of proposed transactions through negotiations and regulatory filings.
• Lead efforts to negotiate and obtain all required consents for proposed transactions from third parties.
• Coordinate and manage accounting, tax, financial, operational, and human resources activities to ensure appropriate conduct of business in compliance with purchase agreements.
• Formulate and recommend corporate directional focus for development, expansion, or divestiture to enable the implementation of the strategic and financial objectives of Xcel.
• Develop and manage a consistent methodology for the screening and prioritization of business opportunities and resource allocation.
• Evaluate Xcel’s portfolio of businesses and assess gaps relative to capabilities, markets, business scope, and investment risk/return, and recommend approaches to close those gaps.
• Coach, develop, and build a high‑performing team focused on strategy development, project development, acquisitions, and financial analysis/diligence.

• Bachelor’s degree in a technical or financial field.
• MBA strongly desired.
• Ten or more years of business development experience, or equivalent experience in financial fields.
• Excellent written and oral communication skills.
• Proven analytical and financial analysis capabilities.
• Strong negotiating skills.
• Capable of integrating technical, managerial, and business judgment.
• Ability to interact effectively with executive‑level management and the Board of Directors.
• 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.

• Experience with developing or acquiring assets pertaining to renewables, dispatchable generation, or carbon‑free technologies.

The anticipated starting base pay for this position is $ to $ per year.

• 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. Individuals with a disability who need an accommodation to apply please contact us at