Senior Cost Strategy Analyst

U.S. Bank

. Lead the development and execution of shared service allocation methodologies, ensuring accurate distribution of costs among various business lines .

Posted 4/23/2026full-timeMinneapolis • Minnesota, Ohio • 🇺🇸 United StatesSenior💰 $119,765 - $140,900 per yearWebsite

Tech Stack

Tools & technologies

SQL

About the role

Key responsibilities & impact

Lead the development and execution of shared service allocation methodologies, ensuring accurate distribution of costs among various business lines
Drive cost review and challenge sessions with business partners, analyzing cost structures, identifying cost-saving opportunities, and offering valuable insights for decision-making
Perform Activity-Based Costing studies in partnership with business partners and stakeholders to facilitate informed decision-making and enhance cost efficiency
Lead in-depth financial analysis, including variance analysis, trend analysis, and scenario modeling, providing actionable insights to leadership
Identify and lead opportunities to improve cost efficiency and enable sustainable business growth through data analysis and process enhancements
Develop and maintain multi-dimensional reporting providing insights into cost objects of spend and opportunities for cost optimization
Lead the analysis of financial forecasts and annual budgets, providing cost-related input
Lead the design and maintenance of complex financial models and produce reports that facilitate strategic decision-making at both the operational and executive levels
Lead the development, implementation, and enhancement of processes, systems, and controls, ensuring governance and oversight in cost and allocation processes.

Requirements

What you’ll need

Bachelor's degree, or equivalent work experience
Six or more years of related experience
Bachelor’s degree in Finance, Accounting, Business, or a related field preferred
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.

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

cost analysisshared service allocationscost strategyActivity-Based Costingfinancial analysisvariance analysistrend analysisscenario modelingfinancial modelingcost optimization

Soft Skills

quantitative skillsdata analysis skillscommunication skillspresentation skillsleadershipcollaborationcritical thinkinginitiative-taking

Certifications

Master's degreerelevant certifications