Cost Allocation Consultant

New York, NY | Contract

Post Date: 11/08/2017 Job ID: 9724 Industry: Technology

Title: Cost Allocation Consultant

Type: 6 month contract

Location: NYC

Job Description:

Our client wants to replace its current activity based cost allocation system. The current system was developed in 2004 in an Access database. Our client  is looking to bring in a Consultant who can perform an end to end review of the current process, reassess current cost methodologies, make process improvement recommendations and prepare a completed Statement of Work (SOW) that will be used in the Request for Proposal (RFP) process for a new activity based cost allocation system.

Primary responsibilities:
  • Meet with Budgeting and cost allocation staff members to gain a clear understanding of
    • the current activity based cost allocation methodology/system
    • system inputs, system output and reporting requirements for CAFRA reporting,  CEM reporting and corpus budget process
  • Perform assessment of existing activity based cost allocation method process and system solution.
  • Perform gap analysis and make recommendations for process improvement.
  • Participate in the evaluation of the As-Is process and analysis and documentation of the To-Be process.
  • Assist with drafting cost allocation methodologies including the allocation of overhead and other shared service costs
  • Document business requirements for a new system
  • Partner with Budgeting, Accounting and the Business Solutions Group to complete a Statement of work that will be the fundamental document used in the RFP process
  • Provide a list of potential vendors, based upon the agency’ s needs, that should be considered to provide a new cost allocation system
  • Prepare selection criteria and scoring methodology for the vendor assessment evaluation
  • Prepare use cases that will be the basis for testing the new system

Required experience / skills:
  • Bachelor’ s degree in Accounting, Finance or Business
  • 6 years of experience in activity based costing (ABC) principles
  • Understanding of best business practices for activity based cost allocation
  • Technical knowledge with at least 2 cost allocation systems
  • Proficiency in Accounting principles and Budgeting
  • Proficient in Microsoft Office Suite (Excel, PowerPoint, Word, Visio and Access)

Preferred experience:
  • 2 years of experience in Financial services industry
  • Understanding of government budget process
  • Experience with CEM Benchmarking reporting
  • Experience defining report requirements

Soft skills:
  • Ability to focus on details and have strong time management skills
  • Ability to interact with senior management and professional staff
  • Strong written, communication and presentation skills
  • Ability to work independently and in a team environment
  • Active listener
  • Quick learner

Karen Garach

Fun Facts: Proud mama, beach lover, and Bruno Mars superfan

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