Cost Strategy Analyst

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

We are seeking a Strategic Costing Analyst to join our Cost Allocations team. In this role, you will be an essential contributor, executing costing studies, performing financial analyses, supporting review and challenge sessions, and creating multi-dimensional reports. Additionally, you will provide critical support for cost allocation processes. Your strong analytical skills will be instrumental in optimizing our cost structures and driving financial excellence.

Primary Responsibilities

* Cost Allocations:
Provide key support in preparing for shared service allocation methodologies, ensuring the accurate distribution of costs.

* Activity-Based Costing (ABC):
Support the implementation and management of Activity-Based Costing methodologies to accurately allocate costs and enhance cost visibility.

* Costing Study Management:
Offer critical support in the analysis of costing studies, enhancing cost transparency, and facilitating data-driven decision-making.

* Cost Review and Challenge Sessions:
Collaborate effectively with cross-functional teams to support cost review and challenge sessions, identifying opportunities for cost optimization and efficiency improvements.

* Financial Analysis:
Conduct comprehensive financial analysis, including variance analysis, trend analysis, and scenario modeling, providing actionable insights to senior leadership.

* Allocation Financial Forecasting and Budgeting:
Lead the analysis of financial allocation forecasts and annual budgets, providing cost-related input and recommendations.

* Financial Modeling and Reporting:
Develop and maintain advanced financial models and reports that support strategic decision-making, financial planning, and forecasting.

Basic Qualifications

* Bachelor's degree, or equivalent work experience

* Typically three or more years of related experience

Preferred Skills/Experience

* 3+ years of proven experience in cost analysis, financial analysis, and financial modeling, preferably within the banking or financial services industry.

* Proficiency in data analysis tools and software (e.g., Essbase, Power BI, data visualization tools).

* Strong communication, presentation, and data consolidation skills to efficiently summarize financial data and communicate complex financial concepts.

* Ability to work collaboratively in cross-functional teams and independently when required.

* Conduct ad hoc cost analyses utilizing advanced data analysis techniques and tools.

* Strong critical thinking skills and an initiative-taking mindset to identify cost opportunities.

* This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

* Healthcare (medical, dental, vision)

* Basic term and optional term life insurance

* Short-term and long-term disability

* Pregnancy disability and parental leave

* 401(k) and employer-funded retirement plan

* Paid vacation (from two to five weeks depending on salary grade and tenure)

* Up to 11 paid holiday opportunities

* Adoption assistance

* Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In…