Job Abstract

Responsible for managing the complex Production process for monthly costing allocations and Reg W 23 B compliance. - Management responsibilities for a team of four FTE (onshore and offshore)- Research and resolution of complex Production issues- Management of Production related controls (SOX, Op Risk, Enterprise Risk) to deliver timely and accurate data for consumption by lines of business- Responsible for the development and maintenance of monthly Service Statements and Affiliate Invoices- Resp... more details

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Responsible for managing the complex Production process for monthly costing allocations and Reg W 23B compliance.  

- Management responsibilities for a team of four FTE (onshore and offshore)

- Research and resolution of complex Production issues

- Management of Production related controls (SOX, Op Risk, Enterprise Risk) to deliver timely and accurate data for consumption by lines of business

- Responsible for the development and maintenance of monthly Service Statements and Affiliate Invoices

- Responsible for automation of current state environment

- Leadership role for the OFSAA to Workday Prism and Cost and Profitability Management (CPM) systems and management of the Strategic Cost Analysis toolset for Cost Allocation and Affiliate transactions

- Work closely with the Cost Allocation and Affiliate Allocation teams to implement model updates, standardize data capture, simplify current state environment, and identify opportunities to improve the process

Management responsibilities for the following:

- Cost Allocations and Affiliate Transaction production environment and operations

- Produce complex financial reports regarding trends, variances, and profitability and performance measurement.

- Develops financial modeling and reporting

- Monthly Affiliate Transaction (Reg 23B) and Costing Service Statement Reporting

- Maintenance of the Cost Allocation and Affiliate Transaction hierarchy, including updates to streamline the data delivery into meaningful data sets

- Coordination with Management Reporting Operations to ensure systems of record are in alignment with U.S. Bank standards

- Level 1 and 2 support for intake/ response to key stakeholders

- Automation of 15 Manual Data Loads

- Lead for the SCI, Prism and Cost and Profitability system implementation

- Enhances the on-going process for streamlined operations.

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. 

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $129,455.00 - $152,300.00 - $167,530.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.