Cost Allocation Leader

Cost Allocation Leader Overview

• Lead 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 & Duties

• Design 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 Requirements

• Bachelor'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.