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Cost Analyst III

Tulsa, OK, US

Req ID: 50894 

Areas of Interest: Accounting 

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.                  .

The Cost Analyst III is primarily responsible for consulting with lines of business for both tactical and strategic projects related to costs of production and performing Activity Based Costing (ABC) projects across all divisions of the enterprise. The Cost Analyst III must build strong relationships with line of business managers and possess an intimate understanding of all lines of business in a regional fully-diversified financial institution. The position utilizes the results of ABC cost projects to provide management with insight into costs of production. The position also designs and directs cost projects as a means of developing information to be used by lines of business to understand their cost structure and identify potential improvements. The analyst is a key contributor to the annual departmental goal of greater than $1 million dollar run rate improvement to pretax earnings.

PRINCIPAL DUTIES AND RESPONSIBILITIES

  1. Work with Director of Performance Improvement and Profit team to prioritize study projects and set strategy for studies. Manage enterprise wide programs with multiple sub-projects managed by multiple analysts.  Design and direct ABC projects for all lines of business, requiring a broad knowledge of a diversified financial institution’s processes and activities. 
  2. Validate and interpret project results, educate management on the uses of cost data and consult with department and senior management to improve understanding of the costs of production. Use understanding of BOK Financial and extensive business knowledge to provide context for analysis and recommendations for possible improvements.  
  3. Seek opportunities for run-rate revenue improvements and/or cost reductions and communicates to PI management, subject department’s management and Controllers. Seek opportunities for projects for the Process Improvement group.
  4. Primarily responsible for the cost model, including building and maintenance. Analyze capacity, cost and volume trends to determine need for project updates and to inform management. Research cost accounting best practices and recommend improvements. 
  5. Primarily responsible for developing and documenting the annual cost and allocation models. Ensure monthly affiliated expenses are calculated and posted accurately. Support regulatory and audit requests for information and documentation for affiliated expenses.

KNOWLEDGE, SKILLS and ABILITIES:

  • Strong knowledge of financial and management accounting principles and practices
  • Advanced ability to work independently, identifying and executing projects and strong natural capacity to pay attention to detail
  • Advanced ability to lead a group, often one over whom the candidate has no direct authority
  • Advanced knowledge of data costing model process
  • Strong knowledge of standard file formats, automated financial systems, database structures and data sources, use of SQL for querying and coding
  • Strong knowledge of capacity measurement and ability to interpret results
  • Strong knowledge of capital allocation concepts
  • Advanced math aptitude with the ability to apply this knowledge
  • Advanced interviewing and presentation skills, with the ability to filter unneeded information into concise information

This level of knowledge is normally acquired through completion of a Bachelor’s Degree in a business related discipline and 5+ years of cost accounting experience with 2+ years of financial services industry experience preferred or 12+ years of equivalent work experience. Practical experience leading change, managing projects, and directly managing cost analyst professionals is required. 

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!
 

Apply today and take the first step towards your next career opportunity!
 
BOK Financial is an equal opportunity employer.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Attention All Third Party Agencies, Headhunters, and Recruiters
BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.

Please contact recruiting_coordinators@bokf.com with any questions. 


TOP 3 REASONS TO APPLY


Investing in our talent and building a great workplace is a top priority at BOK Financial.


  • Empowered employees
  • Award-winning culture
  • Community commitment



ABOUT BOK FINANCIAL


BOK Financial is a regional banking powerhouse and one of the top 25 banks in the U.S. We are based in Tulsa, Oklahoma, and diversified in a variety of industries, businesses, and geographies throughout the U.S.

FACTS:

  • 4,900 employees
  • 27 Years of financial profitability
  • $30+ billion in assets
  • $5.2 million in charitable contributions in 2017



Nearest Major Market: Tulsa
Nearest Secondary Market: Oklahoma

Job Segment: Bank, Banking, Consulting, Accounting, Database, Finance, Technology

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