Cost Strategy Analyst

U.S. Bank

Strategic Costing Analyst at U.S. Bank optimizing cost structures and driving financial excellence through comprehensive analysis and reporting.

Posted 6/9/2026full-timeMinneapolis • Minnesota, Montana, North Carolina, Ohio • 🇺🇸 United StatesMid-LevelSenior💰 $92,820 - $109,200 per yearWebsite

About the role

Key responsibilities & impact

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.

Requirements

What you’ll need

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.

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 analysisfinancial analysisfinancial modelingvariance analysistrend analysisscenario modelingdata analysiscost allocationcost optimizationfinancial forecasting

Soft Skills

communication skillspresentation skillsdata consolidation skillscollaborationcritical thinkinginitiative-taking

Certifications

Bachelor's degree