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Cost Allocation Jobs in Virginia (NOW HIRING)

... capital allocation decisions. Partner with Manufacturing to analyze product cost structure (materials, labor, conversion, yield) and identify cost drivers impacting profitability Own monthly ...

... allocation decisions. · Partner with Manufacturing to analyze product cost structure (materials, labor, conversion, yield) and identify cost drivers impacting profitability · Own monthly ...

Momentum is the agency's enterprise financial management and accounting platform, used for core financial operations including budgeting, payments, obligations, cost allocation, financial statement ...

Program Cost Analyst

Lorton, VA · On-site

$69K - $158K/yr

Program Cost Analyst The Opportunity: Do you want to use your financial and analytical expertise to ... Support annual Task Planning, provide in-depth financial and program analysis, allocation analysis ...

Program Cost Analyst

Mclean, VA · On-site

$69K - $158K/yr

Program Cost Analyst The Opportunity: Do you want to use your financial and analytical expertise to ... Support annual Task Planning, provide in-depth financial and program analysis, allocation analysis ...

Program Cost Analyst

Reston, VA · On-site

$69K - $158K/yr

Program Cost Analyst The Opportunity: Do you want to use your financial and analytical expertise to ... Support annual Task Planning, provide in-depth financial and program analysis, allocation analysis ...

CARD produces independent cost estimates, affordability assessments, and schedule-risk analyses that inform resource allocation and acquisition decisions across the DOW and other federal agencies.

New

Systems Engineer

Richmond, VA · On-site

$124K/yr

... cost allocation methodologies Preferred Qualifications: • Experience utilizing cloud cost management tools like Cloudability and Apptio • Prior experience in multi-cloud environments • ...

Support senior staff with financial planning, cost analysis, resource allocation, and financial management initiatives. * Assist with identifying and resolving financial data discrepancies and ...

New

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 Virginia are hiring for Cost Allocation jobs?

Cities in Virginia with the most Cost Allocation job openings:

Infographic showing various Cost Allocation job openings in Virginia as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution.

Full-time

Re-posted 26 days ago


Job description

Serve as a core finance partner to Manufacturing and Operations by driving visibility into cost structures (materials, conversion, logistics), improving forecast accuracy, and enabling cost control and capital allocation decisions.

       Partner with Manufacturing to analyze product cost structure (materials, labor, conversion, yield) and identify cost drivers impacting profitability

       Own monthly manufacturing variance analysis (volume, yield, cost rate, mix), explaining deviations vs AOP and forecast

        Support cost optimization initiatives including plant efficiency, yield improvement, and sourcing decisions

       Lead the annual operating plan and forecasting for Operations, SG&A and capital highlighting key risks and opportunities, while driving potential mitigating actions

       Develop driver-based models linking volume, yield, and cost assumptions to financial outcomes

       Participate in the month-end close ensuring accuracy of results and understanding variance drivers

       Lead monthly reviews with stakeholders to ensure accountability and alignment on cost targets

       Supports the development of the annual capital plan, forecasts and analytical review of projects to ensure the adherence to internal financial benchmarks

       Support capital planning and investment analysis of plants, including ROI, IRR, and payback for manufacturing and operations initiatives

       Partner with operations to evaluate capacity expansion, automation, and cost reduction projects.

       Conducts ad hoc analyses and projects to support business management decisions

       Lead monthly G&A meetings with cost center owners to provide a clear understanding of results

Requirements

       3+ years of experience in FP&A, operations finance, or manufacturing finance, or similar role

       Bachelor's degree in Supply Chain, Finance, or related field is required

       Strong understanding of cost drivers (materials, labor, overhead, logistics, etc)

       Advanced skills in Microsoft Excel required -  SAP HANA and Power BI a plus

       Prior work experience in industries such as Manufacturing or Food Manufacturing is preferred

       Analytical, ability to multi-task, attention to detail and self-motivated

       Excellent written and oral communication skills

       Ability to travel domestically and internationally (up to ~10%) to support plant visits, operational reviews, and cross-functional collaboration