Cost Analyst maintaining and developing the bank's cost accounting and allocation methodologies. Supporting service transfer pricing processes and profitability analyses regarding operating expense assignment.
Responsibilities
Maintain and develop the bank's cost accounting and allocation methodologies.
Support service transfer pricing processes and profitability analyses as it relates to operating expense assignment (cost).
Partner with business lines to maintain and develop cost accounting models, ensuring alignment with operational strategies.
Effectively communicate cost concepts to non-financial stakeholders and translate business needs into actionable, cost-driven insights.
Assist in the monthly processing of cost allocations.
Provide cost rates for profitability analysis.
Assist in validating monthly and year-to-date results of cost allocations in financial statements.
Evaluate cost model assumptions for reasonableness and consistency. Inform management of those assumptions which appear to be unreasonable or inconsistent.
Assist in maintaining the Bank’s organizational profitability models and client profitability dashboard.
Assist in operational analyses to identify services provided by various organizational units
Requirements
Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered)
2 or more years related experience, preferably within a financial institution.
CPA or CMA Preferred
T-SQL Preferred
Proficient with MS Office Suite, especially Excel; SQL database.
Knowledge of cost accounting methodologies and best practices.
Proven ability to operate independently in a deadline-driven, high-volume office setting, maintaining focus and accountability in a fast-paced work environment.
Possess good analytical, verbal and written communication skills and an understanding of financial instruments, markets, and accounting.
Possess understanding of financial accounting, balance sheets and income statements.
Ability to solve problems creatively while complying with regulations and guidelines.
Deliver superior customer service.
Benefits
Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
401k (up to 4% match with immediate vesting)
Tuition reimbursement up to $5,250 annually (minimum service requirement)
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