The Role
As a Cost Analyst, you'll maintain cost accounting models, assist in cost allocations, and perform profitability analyses while supporting business objectives.
Summary Generated by Built In
More than 135 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. These core values shape our culture, and we were recently Great Place to Work Certified because of our outstanding workplace culture and employee experience. As well, our financial strength and stability are key reasons Forbes named us one of the Best 100 Banks in America for the ninth consecutive year.
With more than $16 billion in assets and 135 branch locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.
As a Cost Analyst, you will maintain and develop the bank's cost accounting and allocation methodologies. Support service transfer pricing processes and profitability analyses as it relates to operating expense assignment (cost).
In this role you'll have the opportunity to:
- Partner with business lines to maintain and develop cost accounting models, ensuring alignment with operational strategies.
- Effectively communicate cost concepts to non-financial stakeholders and translate business needs into actionable, cost-driven insights.
- Assist in the monthly processing of cost allocations.
- Provide cost rates for profitability analysis.
- Assist in validating monthly and year-to-date results of cost allocations in financial statements.
- Evaluate cost model assumptions for reasonableness and consistency. Inform management of those assumptions which appear to be unreasonable or inconsistent.
- Assist in maintaining the Bank’s organizational profitability models and client profitability dashboard.
- Assist in operational analyses to identify services provided by various organizational units
Education & Certifications
- Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered)
Experience
- 2 or more years related experience, preferably within a financial institution.
- CPA or CMA Preferred
- T-SQL Preferred
Knowledge, Skills and Abilities
- Proven ability to operate independently in a deadline-driven, high-volume office setting, maintaining focus and accountability in a fast-paced work environment.
- Possess good analytical, verbal and written communication skills and an understanding of financial instruments, markets, and accounting.
- Possess understanding of financial accounting, balance sheets and income statements.
- Ability to solve problems creatively while complying with regulations and guidelines.
- Deliver superior customer service.
- Proficient with MS Office Suite, especially Excel; SQL database.
- Knowledge of cost accounting methodologies and best practices.
Travel
- 0%
Compensation & Benefits
- Targeted starting compensation range is based on location and experience: $30.34 - $35.70
- Incentive and commission compensation may be awarded for eligible roles
- Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
- Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
- 401k (up to 4% match with immediate vesting)
- Tuition reimbursement up to $5,250 annually (minimum service requirement)
- Read more about these and additional benefits at: Employee Benefits | Banner Bank
Please take time to review Banner Bank's Consent & Privacy notice before applying.
Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.
Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings. Resumes submitted to any Banner Bank employee by a third-party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.
Top Skills
Excel
Ms Office Suite
Sql Database
T-Sql
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
Banner Bank is proud to serve the West with comprehensive financial services. More than 130 years ago we started with core values that never go out of style: listen, learn and help people and businesses reach their goals. Today across Oregon, Washington, California and Idaho—we deliver a high level of individual service as a community bank, while also offering competitive products some might expect to find only at a nationwide financial institution. Member FDIC.
Visit us for more information on the best banking solutions for your business.
