Assistant VP, Cost Management Analyst

1011 United Overseas Bank Ltd; Singapore; On-site; SGD 90,000 - 140,000; Full time

Job summary

UOB United Overseas Bank Limited (UOB) in Singapore is seeking a cost management professional to support the development and execution of cost strategies across business units. You will partner with finance and HR to oversee budgeting, forecasting, and variance analysis, helping leadership make informed decisions.

You will monitor expenditures, identify savings, and contribute to cost transformation initiatives and governance.

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.

Responsibilities

• Collaborate with the Lead to support 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.

Job description

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.

We value our people and invest in them as we look to fulfil our purpose of building the future of ASEAN. We seek to create a collaborative and progressive environment for them to succeed in their careers for the long term.

UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region.

Career Site: UOB Career site