Analyst, Cost Management

TD Bank • New York, NY

16h

About The Position

Analyst – Cost Manager is a key member of the TDS US Finance Team. The role is a newly created role focused on cost management to support profitability, efficiency, and long-term growth. Support US business performance targets and responsible for partnering on financial planning & forecasting, reporting, and Plan as it relates to Cost (expense) lines in the chart of accounting. Provide analytics to drive segment discussions including TDS Senior Executive Team (SET) presentation materials as well as external/public storytelling of the Segment. Monthly Board Reporting for the US Region relating to details on expense analytics and commentary. Coordination with partners to ensure proper analysis, challenge, and oversight of regional reporting Analysis of booking models & impacts on business line reporting Business advisory and ad hoc support Proactively identify cost opportunities, analyze data on material components of spend and provide constructive options to find efficiencies and savings enabling business decisions and management actions Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness Planning, Analysis, and Insights: Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets). Clear, effective, and timely reporting Provide input into the budgeting and forecasting process to ensure cost assumption are accurate and realistic Monitor actual vs forecasted costs and flag variances Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors) Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions. Provide training and support to staff on cost control procedures and best practices. Monitor and report on market trends and pricing strategies to help guide decisions. Collaborate with cross-functional teams to achieve targets while managing costs effectively.

Requirements

• Bachelor's degree
• Excellent oral and written communication skills
• 10+ years of Finance experience at a global financial institution.
• Excellent interpersonal, organizational, and leadership skills.
• Client service skills – the candidate must demonstrate the judgment and ability to closely partner with and advise senior and line managers and other stakeholders on cost management
• Strong analytical skills, attention to detail, solid judgment, and the ability to evaluate complex regulatory business issues.
• Advanced project management skills and ability to manage multiple work streams involving different partners and groups, with limited oversight and direction.
• Ability to thrive in a fast-paced, deadline-driven environment, including by demonstrating excellent time management and planning skills, along with the ability to handle multiple assignments at the same time.
• Ability to interact effectively with all levels of the organization and to collaborate with various teams.
• A relationship builder with the ability to establish, develop and maintain effective working relationships with regulators and with business and functional partners at the firm.
• Proficient in Word, Excel, and PowerPoint

Responsibilities

• Support US business performance targets and responsible for partnering on financial planning & forecasting, reporting, and Plan as it relates to Cost (expense) lines in the chart of accounting.
• Provide analytics to drive segment discussions including TDS Senior Executive Team (SET) presentation materials as well as external/public storytelling of the Segment.
• Monthly Board Reporting for the US Region relating to details on expense analytics and commentary.
• Coordination with partners to ensure proper analysis, challenge, and oversight of regional reporting
• Analysis of booking models & impacts on business line reporting
• Business advisory and ad hoc support
• Proactively identify cost opportunities, analyze data on material components of spend and provide constructive options to find efficiencies and savings enabling business decisions and management actions
• Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness
• Planning, Analysis, and Insights: Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets).
• Clear, effective, and timely reporting
• Provide input into the budgeting and forecasting process to ensure cost assumption are accurate and realistic
• Monitor actual vs forecasted costs and flag variances
• Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management
• Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors)
• Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions.
• Provide training and support to staff on cost control procedures and best practices.
• Monitor and report on market trends and pricing strategies to help guide decisions.
• Collaborate with cross-functional teams to achieve targets while managing costs effectively.

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level