Cost Allocation Specialist

Reposted 3 Days Ago
Be an Early Applicant
Little Rock, AR, USA
In-Office
Junior
Fintech • Payments • Financial Services
The Role
Analyzes shared-service expense allocations, unit costing, and organizational, product, and customer profitability for a bank. Maintains costing software, integrates unit costs into relationship profitability models, and reports allocation impacts. Performs ad hoc financial analysis across products, officers, and customer relationships. Requires banking finance experience, knowledge of costing and profitability methodologies, advanced Excel skills, dashboard experience, and familiarity with Axiom Financial Institutions Suite.
Summary Generated by Built In
It's fun to work in a company where people truly BELIEVE in what they're doing!

We're committed to bringing passion and customer focus to the business.

Position Summary

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.         

Essential Duties and 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.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.


  • Skills
  • 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

  • Education and/or Experience
  • BS/BA Degree in Business, Finance, or a related field preferred, and
  • Banking finance experience: 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

  • Computer Skills 
    • MS Office programs
    • Power BI or other dashboard experience

  • Certificates, Licenses, Registrations
    • none​

  • Other Qualifications (including physical requirements)
  • Excellent oral and written communication skills
  • Familiarity with IT systems and processes
  • Collaborative mind-set with strong interpersonal skills.
  • Familiarity with Axiom Financial Institutions Suite software

Other

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.  Activities, duties and responsibilities may change at any time with or without notice.    


Skills Training:

  • Communication, Time Management, Presentation Skills, Decision Making

Equal Employment Opportunity Information: Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications.

Skills Required

  • Bachelor’s degree in Business, Finance, or a related field
  • Two to three or more years of banking finance experience with costing, profitability, or relevant management accounting emphasis
  • Experience with cost allocation development and profitability analysis
  • Understanding of account profitability methodologies
  • Ability to query or collect data from a data warehouse or relationship database environment
  • Advanced Microsoft Excel skills
  • Microsoft Office proficiency, including Word and PowerPoint
  • Power BI or other dashboard experience
  • Familiarity with IT systems and processes
  • Familiarity with Axiom Financial Institutions Suite software
  • Excellent oral and written communication skills
  • Collaborative mindset and strong interpersonal skills

Simmons Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Simmons Bank and has not been reviewed or approved by Simmons Bank.

  • Healthcare Strength — Medical, dental and vision coverage are paired with an HSA that includes company funding. Dedicated care options and access to no‑cost services for covered members strengthen day‑to‑day healthcare support.
  • Retirement Support — A 401(k) with employer match is complemented by an employee stock purchase plan and profit‑sharing eligibility. Occasional discretionary company contributions further boost long‑term savings potential.
  • Leave & Time Off Breadth — A combined PTO bank and up to ten paid company holidays provide structured time away. Paid leave programs support coverage for key life events.

Simmons Bank Insights

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Pine Bluff, AR
3,000 Employees

What We Do

We were founded as a community bank. More than 100 years later, we still act like one. For over a century, we’ve worked hard to help make our customers’ dreams come true – dreams like buying a home, starting a business or simply having the ability to manage your money safely and securely, anywhere you happen to be. Simmons Bank has 200 locations and employs 2,800 associates across our six-state footprint

Similar Jobs

Rapid7 Logo Rapid7

Senior Director, Customer Innovation

Artificial Intelligence • Cloud • Information Technology • Sales • Security • Software • Cybersecurity
Remote or Hybrid
United States
2400 Employees
211K-285K Annually

Rapid7 Logo Rapid7

Vector Command Specialist

Artificial Intelligence • Cloud • Information Technology • Sales • Security • Software • Cybersecurity
Remote or Hybrid
United States
2400 Employees
89K-121K Annually

Wipfli Logo Wipfli

Consultant

Cloud • Fintech • Software • Business Intelligence • Consulting • Financial Services
Remote or Hybrid
United States
2900 Employees
117K-158K Annually

PNC Bank Logo PNC Bank

Technology Solution Center Analyst Lead

Machine Learning • Payments • Security • Software • Financial Services
Remote or Hybrid
USA
55000 Employees
41K-83K Annually

Similar Companies Hiring

Hanover Park Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
42 Employees
Kepler  Thumbnail
Artificial Intelligence • Fintech • Software
New York, New York
9 Employees
Onshore Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
60 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account