U.S. Bank Cost Strategy Specialist in Minneapolis, Minnesota
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.
We are seeking a detail-oriented Strategic Costing Specialist join the Enabling Functions Shared Services team. In this role, you will provide critical support in key areas including Activity-Based Costing (ABC), shared service allocations, financial modeling and reporting, cost analysis and reporting, cost review and challenge sessions, and multi-dimensional reporting. Your contribution will be essential in optimizing cost structures and maintaining financial compliance.
Activity-Based Costing (ABC): Support the implementation and management of Activity-Based Costing methodologies to accurately allocate costs and enhance cost visibility.
Shared Service Allocations: Collaborate in the administration and documentation of shared service allocation methodologies to ensure accurate distribution of costs.
Financial Modeling and Reporting: Provide support in the development and maintenance of financial models and reports for financial planning, forecasting, and strategic decision-making.
Cost Analysis and Reporting: Assist in the preparation and maintenance of cost analysis reports, including variance analysis and trend analysis, to support informed decision-making.
Financial Forecasting and Budgeting: Support the development of financial forecasts and annual budgets, providing cost-related input and recommendations.
Cost Review and Challenge Sessions: Participate in cost review and challenge sessions, contributing insights and analysis to identify cost optimization opportunities.
Multi-Dimensional Reporting: Contribute to the development and maintenance of multi-dimensional reporting tools that provide insights into key cost objects and trends.
Bachelor's degree, or equivalent work experience
Two or more years of related experience
Working knowledge of financial analysis techniques and general accounting procedures
Well-developed mathematical and analytical skills
Basic knowledge in financial analysis, forecasting, and planning
Ability to identify and resolve exceptions and to analyze data
Strong technical skills related to data mining and visualization tools
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
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 (some may vary based on role, location or hours):
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
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $79,135.00 - $93,100.00 - $102,410.00
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.