About the role

AI summarised

The Assistant VP, Cost Management Analyst is a finance role at a bank responsible for analyzing and managing costs, preparing budgets and forecasts, and providing financial insights to support decision-making. The role involves working with cross-functional teams to optimize cost efficiency and ensure financial targets are met.

BusinessFull-timeGeneral

Key Responsibilities

Analyze cost data and identify trends, variances, and opportunities for cost optimization.
Prepare and maintain cost budgets and forecasts in collaboration with business units.
Develop and monitor cost allocation methodologies and ensure accuracy.
Provide financial analysis and reporting to senior management on cost performance.
Support business partners with cost-related queries and ad-hoc analysis.
Assist in the preparation of monthly, quarterly, and annual cost reports.
Identify and implement process improvements to enhance cost management efficiency.
Collaborate with finance and operations teams to ensure alignment on cost initiatives.

Requirements

Bachelor's degree in Finance, Accounting, Business, or related field.
Minimum 5-8 years of experience in cost management, financial analysis, or related roles.
Strong analytical and problem-solving skills.
Proficiency in Microsoft Excel and financial modeling.
Experience with budgeting, forecasting, and variance analysis.
Excellent communication and presentation skills.
Ability to work independently and in a team environment.
Knowledge of cost accounting principles and methodologies.
Experience in the banking or financial services industry is preferred.
Professional certifications such as CPA, CFA, or CMA are a plus.