Financial Allocations Manager Job Listing at Valley Bank in Morristown, NJ (Job ID 24-416)

Description

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.