Cost Analyst at Banner Bank

Spokane, Washington, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

BankingIndustries

Requirements

Bachelor's Degree in Accounting, Business, Economics, Law, Computer Science or other related field (or equivalent combination of education and experience)
2 or more years related experience, preferably within a financial institution
CPA or CMA preferred
T-SQL preferred
Proven ability to operate independently in a deadline-driven, high-volume office setting, maintaining focus and accountability in a fast-paced work environment
Good analytical, verbal and written communication skills and understanding of financial instruments, markets, and accounting
Understanding of financial accounting, balance sheets and income statements
Ability to solve problems creatively while complying with regulations and guidelines
Proficient with MS Office Suite, especially Excel; SQL database
Knowledge of cost accounting methodologies and best practices

Responsibilities

Maintain and develop the bank's cost accounting and allocation methodologies
Support service transfer pricing processes and profitability analyses related to operating expense assignment (cost)
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

Skills

Key technologies and capabilities for this role

Cost AccountingCost AllocationTransfer PricingProfitability AnalysisFinancial StatementsFinancial ModelingOperational Analysis

Questions & Answers

Common questions about this position

What education and experience are required for the Cost Analyst position?

A Bachelor's Degree in Accounting, Business, Economics, Law, Computer Science or related field is required, along with 2 or more years of related experience, preferably in a financial institution. CPA or CMA and T-SQL are preferred.

What key skills are needed for this role?

Candidates need proven ability to operate independently in a fast-paced environment, strong analytical, verbal and written communication skills, understanding of financial accounting and instruments, proficiency with MS Office Suite (especially Excel) and SQL database, plus creative problem-solving while complying with regulations.

What is the company culture like at Banner Bank?

Banner Bank emphasizes core values of listen, learn, and help businesses and individuals reach their goals, fostering an outstanding workplace culture that earned Great Place to Work Certification and recognition as one of Forbes' Best 100 Banks in America.

Is the Cost Analyst role remote or onsite?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

Banner Bank

Provides banking services and financial products

About Banner Bank

Banner Bank provides a variety of financial services to individuals and businesses in the Western United States, including checking and savings accounts, loans, mortgages, and investment services. The bank operates over 200 locations across Washington, Oregon, California, and Idaho, managing assets of more than $12.6 billion. Its products work by offering tailored financial solutions and expert guidance to meet the specific needs of each client, ensuring personalized service. Unlike many competitors, Banner Bank emphasizes quality, teamwork, and community involvement, which has earned it accolades such as being named the Best Bank in the Pacific Region by Money Magazine and receiving a five-star rating from Bauer Financial for financial strength. The goal of Banner Bank is to provide exceptional financial services while fostering strong community ties and ensuring customer satisfaction.

Walla Walla, WashingtonHeadquarters

1890Year Founded

IPOCompany Stage

Financial ServicesIndustries

1,001-5,000Employees