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Cost Allocation Jobs in Michigan (NOW HIRING)

Sr Financial Analyst

Detroit, MI · On-site

$84K - $105K/yr

Financial data may include financial statements detail, corporate, division and cost center BPR information, cost allocation information, general ledger transaction activity, settlement activity ...

Fiscal Analyst, MI Works

Southfield, MI · On-site

$46K - $61K/yr

Complete monthly cost allocation worksheets and supporting documentation. Manage time study processes in coordination with program and HR staff to ensure accurate allocation of personnel costs across ...

Defines and enforces tagging standards to enable accurate cost allocation, reporting, and accountability across teams, while partnering with engineering to drive efficient resource utilization.

Defines and enforces tagging standards to enable accurate cost allocation, reporting, and accountability across teams, while partnering with engineering to drive efficient resource utilization.

Showing results 21-40

Cost Allocation information

What is the difference between Cost Allocation vs Cost Analyst?

AspectCost AllocationCost Analyst
Primary RoleDistributing costs to departments or projects based on usageAnalyzing costs to identify trends and improve budgeting
Required SkillsAccounting principles, data analysis, financial softwareFinancial analysis, reporting, data interpretation
Work EnvironmentFinance or accounting departments, corporate settingsFinance teams, consulting firms, corporate finance
CertificationsCPA, CMA often preferredCPA, CMA, or similar financial certifications

Cost Allocation focuses on distributing expenses accurately across departments or projects, ensuring proper cost tracking. Cost Analyst, on the other hand, interprets financial data to support decision-making and budgeting. While both roles require financial expertise and certifications like CPA or CMA, their core functions differ: one allocates costs, the other analyzes them.

What are examples of cost allocation?

Cost allocation involves assigning indirect costs to specific departments, projects, or products based on relevant bases such as labor hours, machine hours, or revenue. Common examples include allocating overhead expenses like rent, utilities, and administrative salaries to different cost centers to accurately determine product or service costs. Accurate cost allocation helps organizations analyze profitability and make informed financial decisions.

What is job cost allocation?

Job cost allocation is the process used by cost accountants and financial professionals to assign direct and indirect costs to specific jobs or projects. It helps organizations determine the true cost and profitability of each job by tracking expenses such as labor, materials, and overhead. Accurate allocation requires understanding of cost drivers and often involves using accounting software or spreadsheets.

What cities in Michigan are hiring for Cost Allocation jobs?

Cities in Michigan with the most Cost Allocation job openings:

Infographic showing various Cost Allocation job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, and 4% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution.

Sr Financial Analyst

Advantasure, Inc.

Detroit, MI • On-site

$84K - $105K/yr

Full-time

Posted 15 days ago


Job description


Join Blue Cross Blue Shield of Michigan as a Senior Financial Analyst- Financial Reporting and help support accurate, timely, and well-informed financial reporting that drives business decisions and regulatory compliance. In this role, you'll contribute to statutory and GAAP financial reporting, regulatory deliverables, audit support, account reconciliations and variance analysis while collaborating with finance partners, leadership, auditors, and key stakeholders. This is an opportunity to apply your financial expertise, attention to detail, and analytical mindset in a role that supports the integrity of critical financial information across the organization.
  • Prepares financial information and reviews for accuracy and completeness.
  • Performs detailed analysis when necessary.
  • Other deliverables may include account reconciliations, impact studies, audit findings, budgets and business cases.
  • Assists with the preparation of various financial or regulatory reports and/or statements for management and/or parties external to BCBSM (e.g., auditors, BCBSA, state regulators and other oversight organizations).
  • Prepares financial reporting for a division, customer or segment that may include linking financial information from various sources to provide meaningful financial reports or to assure appropriate data reconciliation.
  • Financial data may include financial statements detail, corporate, division and cost center BPR information, cost allocation information, general ledger transaction activity, settlement activity, membership, billing and revenue activity.
  • May process financial transactions including journal entries, invoices, cost allocations, reclassifications, and other financial reporting adjustments.
  • Assists with drafting of policies and develops desk level procedures for the department to help assure clarity in department practices and adequate internal controls.
  • Interfaces with various departments, management and individuals' external to BCBSM. Responds to adhoc requests and inquiries.
  • Performs other assignments, duties or functions as assigned by management.

Qualifications
  • Bachelor's Degree in Accounting, Finance or related field required.
  • Two (2) to four (4) years experience in related field.
  • Strong analytical, organizational and problem solving skills.
  • Good verbal and written communication skills.
  • Ability to work under general supervision in an environment where there are certain deadlines.
  • Proficient in current industry standard PC applications and systems (e.g., Excel, Word, etc.).
  • Working knowledge of Oracle and mainframe systems.
  • General knowledge of Generally Accepted Accounting Principles (GAAP).
  • Other related skills and/or abilities may be required to perform this job.

Departmental Preferences
  • Experience with Statutory financial reporting and regulatory deliverables.
  • Preparation and analysis of financial statements, schedules, exhibits, footnotes, and supporting workpapers.
  • Responsibility for audit support, and management reporting in accordance with applicable accounting standards, and internal control policies.
  • Collaboration with internal finance partners, management, auditors, and other oversight organizations to ensure accurate, timely, and well-documented financial reporting.

All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.