Cost Allocation Senior Manager

Summary:
The Cost Allocation Senior Manager will play a crucial role in developing and executing cost allocation strategies to ensure accurate financial reporting and facilitate budget preparation and tracking.

Job Responsibility:
- Contribute to the development and manage the execution of organizational unit plans to achieve objectives
- Implement a comprehensive cost allocation strategy aligning with financial goals and regulatory requirements
- Establish cost allocation policies, procedures, and methodologies adhering to industry standards
- Define allocation models based on relevant drivers like usage, square footage, or passenger numbers
- Monitor and review cost allocations for accuracy and relevance regularly
- Develop complex cost allocation models accurately assigning costs based on relevant drivers
- Collaborate with budgeting and financial planning teams providing cost allocation data for budgeting
- Identify opportunities for cost recovery and negotiate cost-sharing agreements
- Supervise a team of cost allocation professionals, providing guidance and support
- Implement cost allocation models for different cost centers, projects, and activities
- Implement cost recovery initiatives
- Fulfill other job-related responsibilities as assigned by the Line Manager

Candidate Requirements:
- Bachelor’s degree in Finance, Accounting, or related field; Master’s degree preferred
- Proven experience in cost allocation, financial planning, and budgeting
- Strong understanding of industry standards and best practices in cost allocation
- Ability to develop and implement complex cost allocation models
- Excellent analytical skills and attention to detail
- Strong leadership and team management abilities
- Effective communication and collaboration skills
- Knowledge of negotiation techniques for cost-sharing agreements
- Ability to work under pressure and meet deadlines
- Professional certification such as CPA or CMA is a plus

1.Strong analytical skills
2. Proficiency in cost allocation methodologies
3. Advanced knowledge of accounting principles
4. Excellent communication and interpersonal abilities
5. Experience in financial reporting and budgeting
6. Ability to lead and manage a team
7. Attention to detail and accuracy
8. Problem-solving skills
9. Proficiency in financial software and tools
10. Strategic thinking and decision-making skills