IT Business Operations Intern – Financial Planning and Analysis

Job Description

IT Business Management Intern – MN, CO | Xcel Energy

The Tone:
This is an internship at Xcel Energy, located in Minnesota and Colorado, offering a valuable opportunity to contribute to a leading energy company. Xcel Energy is a combination electricity and natural gas provider, proudly serving 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. The company recognizes that its employees are the core of its success, actively supporting their growth and providing opportunities to make a real difference for communities. This role is designed for individuals eager to expand their professional skills and thrive in a supportive, challenging environment.

The TL;DR
• Role: Internship
• Type: Full-time (summer), Part-time (school year)
• Location: Hybrid – MN, CO
• Pay: $18.20–$19.50 hourly
• Team: This role supports the IT Business Operations team, which is responsible for critical back office functions including financial planning & analysis (capital and opex), procurement, and capital project in-take.
• Mission: This intern will provide essential support for financial planning, reporting, and procurement processes, ensuring the smooth and efficient operation of the IT Business Operations team.
• Tech Stack: ServiceNow Project Portfolio Management

What You’ll Actually Do
• Financial Planning: Prepare comprehensive financial forecasts and budgets for IT operations, contributing to strategic financial oversight.
• Performance Reporting: Compile detailed month-end reports, including clear and concise explanations for any identified variances from budget.
• Procurement Support: Assist in the processing of various procurement requests, diligently tracking associated metrics to ensure efficient purchasing.
• Tool Utilization: Effectively utilize specialized forecasting tools, such as ServiceNow Project Portfolio Management, to support financial and project management activities.
• Capital Project Assistance: Provide critical support for the capital project in-take process, which is a key back-office function for IT initiatives.

The Must-Haves
• Background: Must be a current student, at Junior level or higher, actively pursuing a degree from an accredited college or university in Business Administration, Finance, or Accounting.
• Experience: No specific prior work experience is required. Candidates must be able to commit to full-time work during the summer (up to 40 hours per week) and part-time during the school year (up to 20 hours per week), adhering to the hybrid work policy by commuting to designated locations in-person.
• Skills: Strong foundational understanding of financial concepts, ability to assist with budgeting and forecasting, proficiency in compiling and analyzing reports, and aptitude for supporting procurement processes.
• Bonus: A proactive willingness to learn new concepts, confidently ask questions, and actively engage with team members and company processes to drive personal and team success.