Cost And Process Analysis Manager

We are seeking a highly analytical and detail-oriented Cost and Process Analysis manager to join the MidFirst Bank Financial Planning & Analysis (FP&A) group. As the manager of Cost and Process Analysis, you will play a pivotal role in optimizing our operational efficiency and identifying areas for cost reduction and process improvement. This is a key position within our organization, requiring strong analytical skills, financial expertise, and the ability to work collaboratively with cross-functional teams.

Primary Job Duties:

• Perform comprehensive cost analysis to identify opportunities for cost reduction across various operational areas within the bank
• Host strategic sourcing events on behalf of MidFirst Bank, with potential third party vendors
• Analyze existing processes, workflows, and procedures to identify inefficiencies, bottlenecks, and areas for improvement
• Collaborate with stakeholders from different business units to gather data, validate findings, and develop actionable recommendations
• Conduct in-depth financial analysis to assess the financial impact of proposed process improvements and cost reduction initiatives
• Develop and implement robust tracking mechanisms to monitor the progress and effectiveness of cost-saving initiatives
• Prepare and present detailed reports and presentations for Executive Management, summarizing findings, recommendations, and potential benefits
• Stay updated on industry trends, best practices, and emerging technologies related to cost analysis and process improvement, and share insights with the team.
• Track Key Performance Indicators (KPIs) such as annual cost reduction, cost avoidance, and revenue generation

This position works out of our Oklahoma City, OK location in the Financial Planning and Analysis group.

Requirements:

• 5+ years of experience in financial analysis or project management
• Bachelor's Degree in Accounting, Finance, Economics, or Business with minimum GPA 3.25
• Experience managing/monitoring annual third party spend
• Strong understanding of financial analysis, budgeting, and cost control principals
• Proficiency in using project planning software, such as Microsoft Project
• Excellent presentation and communication skills

Preferred experience:

• 5-7 years' worth of project management experience preferred
• Master's degree in Business Administration (MBA) or a related discipline is preferred
• Experience in managing process mapping, workflow analysis, and process improvement methodologies (e.g. Lean Six Sigma) is highly desirable

#LI-Onsite

Bachelors (required)

Proficiency in using project planning software, such as Microsoft Project (required)
Strong understanding of financial analysis, budgeting, and cost control principals (required)
Experience managing/monitoring annual third party spend (required)