Cost Management Analyst

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

Key Responsibilities

• Collaborate with the Lead to support the development and execution of cost management strategies across business units.

• Oversee budget planning, forecasting, and variance analysis in collaboration with Finance and HR.

• Monitor and analyze business expenditures to identify cost-saving opportunities.

• Support budgeting and forecasting processes with cost data and business insights.

• Collaborate with cross-functional teams to understand cost drivers and recommend improvements.

• Assist in the development and implementation of cost control policies and procedures.

• Prepare regular cost reports and dashboards for management review.

• Conduct variance analysis and provide explanations for deviations from budget.

• Support cost transformation initiatives and demand management processes.

• Collaborate with HRBPs, Finance, Product and Segment Heads to align cost strategies with business goals.

• Provide advisory support on cost implications during organizational changes and headcount planning.

• Ensure compliance with internal policies and regulatory requirements related to cost governance.

• Participate in strategic projects related to cost optimization and efficiency.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field.

• 3–5 years of experience in cost management, financial planning, or business control.

• Strong analytical skills and proficiency in SAP or similar ERP systems.

• Excellent communication and stakeholder management abilities.

• Experience in transformation projects and cross-functional collaboration.

Preferred Attributes

• Strategic thinker with a proactive approach to problem-solving.

• Ability to manage multiple priorities in a fast-paced environment.

• Strong understanding of organizational structures and cost center governance.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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