Cost Strategy Analyst

Responsibilities

• Provide key support in preparing for shared service allocation methodologies, ensuring the accurate distribution of costs.
• Support the implementation and management of Activity-Based Costing methodologies to accurately allocate costs and enhance cost visibility.
• Offer critical support in the analysis of costing studies, enhancing cost transparency, and facilitating data‑driven decision‑making.
• Collaborate effectively with cross‑functional teams to support cost review and challenge sessions, identifying opportunities for cost optimization and efficiency improvements.
• Conduct comprehensive financial analysis, including variance analysis, trend analysis, and scenario modeling, providing actionable insights to senior leadership.
• Lead the analysis of financial allocation forecasts and annual budgets, providing cost‑related input and recommendations.
• Develop and maintain advanced financial models and reports that support strategic decision‑making, financial planning, and forecasting.

• Bachelor's degree, or equivalent work experience
• Typically three or more years of related 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.

• cost analysis
• financial analysis
• financial modeling
• variance analysis
• trend analysis
• scenario modeling
• data analysis
• cost allocation
• cost optimization
• financial forecasting

• communication skills
• presentation skills
• data consolidation skills
• collaboration
• critical thinking
• initiative‑taking

• Bachelor's degree