Job DescriptionThis job posting represents
2 open roles, and we're excited to consider candidates for both opportunities.
Join the Enabling Functions Shared Services team as a Senior Cost Strategy Analyst, specializing in supporting Banking Operations Finance allocations. In this role, you will play a pivotal role in enhancing cost efficiency, conducting cost review and challenge sessions, managing costing studies, and performing in-depth financial analysis for Banking Operations Finance allocation initiatives. Your expertise will be instrumental in developing financial models, multi-dimensional reports, and contributing to process development and governance. As a Senior Cost Strategy Analyst in shared service allocations, you will ensure accurate cost distribution, driving financial excellence across the organization.
Key Responsibilities- Shared Service Allocations: Lead the development and execution of shared service allocation methodologies, ensuring accurate distribution of costs among various business lines.
- Cost Review and Challenge Sessions: Drive cost review and challenge sessions with business partners, analyzing cost structures, identifying cost-saving opportunities, and offering valuable insights for decision-making.
- Costing Study Management: Perform Activity-Based Costing studies in partnership with business partners and stakeholders to facilitate informed decision-making and enhance cost efficiency.
- Financial Analysis: Lead in-depth financial analysis, including variance analysis, trend analysis, and scenario modeling, providing actionable insights to leadership.
- Cost Efficiency Improvement: Identify and lead opportunities to improve cost efficiency and enable sustainable business growth through data analysis and process enhancements.
- Multi-Dimensional Reporting: Develop and maintain multi-dimensional reporting providing insights into cost objects of spend and opportunities for cost optimization.
- Allocation Financial Forecasting and Budgeting: Lead the analysis of financial forecasts and annual budgets, providing cost-related input.
- Financial Modeling and Reporting: Lead the design and maintenance of complex financial models and produce reports that facilitate strategic decision-making at both the operational and executive levels.
- Process Development and Governance: Lead the development, implementation, and enhancement of processes, systems, and controls, ensuring governance and oversight in cost and allocation processes.
Basic Qualifications- Bachelor's degree, or equivalent work experience
- Typically eight or more years of related experience
Preferred Skills/Experience- Bachelor's degree in Finance, Accounting, Business, or a related field. Master's degree or relevant certifications are a plus.
- 6 years of relevant experience in cost analysis, shared service allocations, and cost strategy, with a background in Banking Operations Finance.
- Domestic travel up to 15% of the time
- Strong quantitative and data analysis skills with a solid commitment to accuracy.
- Proficiency in data analysis tools and software (e.g., Excel, SQL, data visualization tools).
- Exceptional communication and presentation skills, with the ability to convey complex financial concepts effectively.
- Demonstrated leadership and the ability to work collaboratively in cross-functional teams and independently when required.
- Strong critical thinking skills and an initiative-taking mindset to identify cost-saving opportunities.
- Knowledge of banking products and services is highly desirable.
*This role requires working from a U.S. Bank location three (3) or more days per week.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.
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 addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $133,365.00 - $156,900.00
Posting may be closed earlier due to high volume of applicants. 
