Cost Allocation Leader

Job DetailExperience Level DirectorDegree Type Bachelor of Science (BS)Employment Full TimeWorking Type RemoteJob Reference 0000021570Salary Type AnnuallyIndustry Accounting & Accounting Services;HealthcareSelling Points Lead impactful cost allocation processes, ensuring financial accuracy and regulatory compliance. Collaborate with leaders to refine methodologies and drive transparency. Utilize advanced systems for precise financial reporting.Job DescriptionCost Allocation Leader OverviewLead cost allocation processes, ensuring accurate financial reporting and compliance with regulatory requirements.Collaborate with functional leaders to refine allocation drivers and methodologies for optimal transparency.Oversee statutory reporting, regulatory filings, and audit responses to maintain compliance standards.Provide comprehensive financial analysis to support strategic decision-making and cost optimization.Develop organizational policies to enhance cost allocation practices and regulatory adherence.Partner with actuarial teams to ensure accurate pricing and bid preparation.Support quality improvement initiatives through detailed documentation and audit preparation.Utilize Oracle PCM for maintaining accurate allocation models and business rules.Contribute to executive leadership financial analysis and reporting requirements.Cost Allocation Leader Key Responsibilities & DutiesDesign and implement business logic updates for administrative expense allocations.Coordinate monthly GAAP and intercompany expense allocations with accounting and systems teams.Conduct time studies and evaluate vendor contracts to support allocation methodologies.Develop and maintain policies and procedures for cost allocation practices.Provide variance analyses and strategic insights for financial improvement.Support actuarial analyses and regulatory reporting requirements.Prepare administrative cost expense reports and identify trends for cost reduction.Maintain allocation drivers and business rules in Oracle PCM for accuracy.Respond to audit, regulatory, and ad hoc requests with timely and accurate information.Cost Allocation Leader Job RequirementsBachelor's degree in finance, accounting, or a related field is required.8-12 years of experience in financial reporting and data analysis.Proficiency in Oracle PCM and financial systems like PSoft/Oracle GL/Hyperion.Experience in healthcare finance and statutory financial reporting is preferred.Strong analytical skills to evaluate trends and provide actionable insights.Ability to manage deadlines and prioritize tasks under pressure.Expertise in MS Office tools, particularly Excel and PowerPoint.Excellent communication skills for engaging with diverse audiences.Demonstrated ability to foster collaborative relationships across departments.