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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.

Since 1903, we’ve been putting people first by making a commitment to you. Simmons Bank is the subsidiary bank for Simmons First National Corporation (NASDAQ: SFNC), a publicly traded bank holding company headquartered in Arkansas. Founded as a community bank, Simmons Bank has grown steadily to its current size of $28 billion in assets, with more than 3,000 associates located in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Our growth has led to some amazing career opportunities, while our dynamic culture has been recognized by publications across our footprint. Parallel to our growth, Simmons Bank’s community roots run deep – these are felt in the ways we seek to go the extra mile for our customers and communities through exceptional service and volunteerism, and in the strong career growth opportunities and wellness programs we offer associates. Our team is characterized by collaboration, integrity and passion for all we do, high performance, and a commitment to personal and professional growth. If these cornerstones of company culture appeal to you, let’s talk! There’s never been a better time to join our team.

Cost Allocation Specialist