U.S. Bank · 21 hours ago
Cost Strategy Analyst
Minneapolis, MN
Full-time
Hybrid
Mid Level
$93K/yr - $109K/yr
3+ years expU.S. Bank is committed to helping customers and businesses make informed financial decisions. They are seeking a Strategic Costing Analyst to execute costing studies, perform financial analyses, and support cost allocation processes, all aimed at optimizing cost structures and enhancing financial excellence.
BankingFinancial ServicesInsuranceMortgageWealth Management
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
Qualification
Required
Bachelor's degree, or equivalent work experience
Typically three or more years of related experience
Preferred
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
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
Company
U.S. Bank
At U.S.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$991MKey Investors
U.S. Department of the TreasuryMitsubishi UFJ Financial Group
2023-09-29Post Ipo Debt· $55M
2023-08-03Post Ipo Debt· $936M
1978-01-13IPO
Leadership Team
John C Stern
CFO
Shruti Patel
Executive Vice President & GM, CPO- Business Banking segment
Recent News
2026-01-22
2026-01-20
2026-01-20
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