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Senior Payroll Analyst

Job in Minneapolis, Hennepin County, Minnesota, 55400, USA
Listing for: Xcel Energy
Full Time position
Listed on 2026-02-16
Job specializations:
  • Finance & Banking
    Accounting Manager
Salary/Wage Range or Industry Benchmark: 60000 - 80000 USD Yearly USD 60000.00 80000.00 YEAR
Job Description & How to Apply Below

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, over payments, 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.
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 is preferred.

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,…

Position Requirements
10+ Years work experience
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