Cost Allocation Specialist

Simmons Bank • Little Rock, AR

2d

About The Position

The analyst supporting costing analytics will work closely with the Manager of Loan Pricing Analytics & Cost Manager to analyze costs & expenses and how they contribute to organization, product, and customer profitability.

Requirements

• Ability to read, analyze and interpret financial report and/or legal documents.
• Ability to write business correspondence, routine reports, and procedures.
• Ability to effectively present information in one-on-one situations and small groups.
• Ability to speak effectively before groups of customers or associates.
• Ability to query or collect data from a data warehouse or relationship database environment
• Ability to create advanced Excel spreadsheets.
• Ability to create Word and PowerPoint documents
• BS/BA Degree in Business, Finance, or a related field preferred
• 2/3+ year experience in costing, profitability or relevant management accounting emphasis
• Comfort with technical and analytical aspects of cost allocation development and profitability analysis
• Understanding of account profitability methodologies
• MS Office programs
• Power BI or other dashboard experience
• Excellent oral and written communication skills
• Familiarity with IT systems and processes
• Collaborative mind-set with strong interpersonal skills.

Nice To Haves

• Familiarity with Axiom Financial Institutions Suite software

Responsibilities

• Develop and administer shared service expense allocations of each bank shared service to revenue-generating lines of business.
• Implement, support and maintain costing software
• Develop account and transaction level unit costing to support the bank’s account profitability system.
• Incorporate unit costing into the bank’s Relationship Profitability Model
• Analyze and report allocation impacts on organizational and account profitability.
• Ad-hoc expense analysis and reporting for a variety of slices of data – e.g. product, officer, relationship, etc.
• Performs other duties and responsibilities as assigned.

What This Job Offers

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