Morristown, NJ
2 days ago
Financial Allocations Manager
Responsibilities include but are not limited to: Develop and implement allocation methodologies, models, and frameworks to guide allocation decisions. Establish allocation criteria, cost drivers, and allocation bases to allocate costs in a transparent and consistent manner. Monitor cost allocation performance against established criteria, budgetary targets, and financial plans. Collaborate with department heads, project managers, and finance teams to assess cost allocation needs, priorities, and challenges. Facilitate communication and coordination among departments to ensure alignment of cost allocation decisions with organizational objectives. Generate reports, analyze allocation data, and provide insights to senior management on cost trends, variances, and areas for improvement. Continuously review and enhance cost allocation processes, methodologies, and systems to adapt to changing business needs and industry best practices. Solicit feedback from stakeholders, conduct post-implementation reviews, and incorporate lessons learned into future allocation practices. Document and socialize allocation methods and drivers. Assists management with ad-hoc reporting and requests from the line of business.
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