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Cost Allocation Jobs (NOW HIRING)

Cost Accountant

Waggaman, LA

$60K - $80K/yr

This role supports accurate financial reporting, assists with budgeting and forecasting, and ensures proper cost allocation across departments and projects. The ideal candidate will have experience ...

Acting as an architect and steward of CIM's cost allocation strategy, the Manager partners closely with IT, Accounting, Finance, Legal, and Compliance to design, refine, and operationalize a best-in ...

The ideal candidate will bring strong expertise in cost tracking , activity-based cost allocation , and construction cost control within complex infrastructure environments. Responsibilities: * Track ...

Cost Accountant

Miamisburg, OH · On-site

$58K - $78K/yr

Collaborate with cross-functional teams to gather data and ensure accurate cost allocation * Maintain and update cost accounting records, ensuring compliance with accounting standards * Prepare and ...

Cost Accountant

Reynoldsburg, OH · On-site

$59K - $80K/yr

Collaborate with cross-functional teams to gather data and ensure accurate cost allocation * Maintain and update cost accounting records, ensuring compliance with accounting standards * Prepare and ...

Senior Analyst, Cost Allocations

Los Angeles, CA · On-site

$90K - $114K/yr

Acting as an architect and steward of CIM's cost allocation strategy, the Manager partners closely with IT, Accounting, Finance, Legal, and Compliance to design, refine, and operationalize a best-in ...

Experience with cost allocation methodologies and rate development * Strong communication skills, including the ability to present complex concepts to non-financial audiences * Stakeholder ...

Description & Requirements Maximus is seeking a detail-oriented Junior Cost Analyst to support cost allocation plan development, cost analysis, indirect cost rate development, and financial analysis ...

Description & Requirements Maximus is seeking a detail-oriented Junior Cost Analyst to support cost allocation plan development, cost analysis, indirect cost rate development, and financial analysis ...

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Cost Allocation information

See salary details

$37K

$86.3K

$127.5K

How much do cost allocation jobs pay per year?

As of Jul 5, 2026, the average yearly pay for cost allocation in the United States is $86,312.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $100,500.00 per year, depending on experience, location, and employer.

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 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, often using accounting software and cost tracking methods. Accurate allocation is essential for budgeting, pricing, and financial analysis.

What does cost allocation do?

Cost allocation is a process used by cost analysts and finance professionals to distribute indirect costs to different departments, projects, or products based on specific allocation bases. It helps organizations accurately assign expenses, improve budgeting, and analyze profitability. Proficiency in accounting principles and cost management tools is often required for this role.

What is employee cost allocation?

Employee cost allocation involves distributing employee-related expenses, such as salaries, benefits, and payroll taxes, to different departments, projects, or cost centers within an organization. This process helps organizations accurately track costs, manage budgets, and analyze financial performance. It often requires accounting software and a clear understanding of cost allocation methods and policies.

What is an example of cost allocation?

In cost allocation, a company might assign overhead costs, such as rent or utilities, to different departments based on their usage or size. For example, allocating electricity expenses proportionally to manufacturing and administrative areas helps in accurate cost tracking and pricing decisions.
More about Cost Allocation jobs
What cities are hiring for Cost Allocation jobs? Cities with the most Cost Allocation job openings:
What states have the most Cost Allocation jobs? States with the most job openings for Cost Allocation jobs include:

$60K - $80K/yr

Other

Posted 4 days ago


Job description

Description

Department: Accounting and Finance

Hiring Manager:  Treasurer 

FLSA Status:  Exempt

Working Status: Full time employee as per staff handbook.


JOB SUMMARY

The Cost Accountant is responsible for analyzing, tracking, and reporting costs related to company operations, including manufacturing, procurement, and project activities. This role supports accurate financial reporting, assists with budgeting and forecasting, and ensures proper cost allocation across departments and projects.


The ideal candidate will have experience in accounting or bookkeeping - preferably in the chemical manufacturing industry - with a solid understanding of job costing, accounts payable, and invoicing. This position collaborates with suppliers, internal stakeholders, and regulatory bodies to maintain compliance with statutory requirements and all internal UBE standards and procedures.

Requirements

ACCOUNTS PAYABLE RESPONSIBILITIES:

  • Match purchase orders, receipts, and invoices and resolve discrepancies with procurement or operations.
  • Verify invoices, enter them into the accounting system, and ensure proper cost.
  • Manage payments based on invoice due dates.
  • Reconcile bank statements and vendor accounts.
  • Maintain organized records of financial transactions, contracts, and vendor files.

COST ANALYSIS RESPONSIBILITIES:

  • Analyze manufacturing costs by tracking material, labor, and overhead expenses, and ensure accurate cost allocation to products and work orders.
  • Summarize cost trends and variances and prepare monthly cost reports for management.
  • Monitor inventory transactions, reconcile balances, review adjustments, and ensure accurate valuation.
  • Provide cost data and analysis to support financial planning, budgeting, and forecasting.
  • Assist with monthly financial reports and manufacturing cost analysis.
  • Perform other general administrative and accounting tasks as needed.

GENERAL JOB REQUIREMENTS & PROFESSIONAL ATTITUDE:

  • Manage time and resources effectively by using tools (phone, e-mail, etc) to complete tasks on schedule.
  • Keep management informed by participating in meetings and reporting issues clearly and promptly.
  • Contribute to team efforts by being flexible, supporting colleagues, and completing related tasks as needed.
  • Maintain professional and technical knowledge through certifications, training, and industry awareness.
  • Act on constructive feedback to improve performance and collaboration
  • Improve processes by reviewing departmental workflow and recommending enhancements.
  • Uphold professional standards, maintain appropriate conduct, and seek assistance when needed.

BASIC QUALIFICATIONS:

  • Bachelor's degree in accounting or finance 
  • 3-5 years of accounting or finance experience 
  • Proficiency in accounting software and Microsoft excel 
  • A valid state issued driver's license
  • Basic Understanding of US GAAP, SOX, and J-SOX requirements

 PREFERRED QUALIFICATIONS:

  • Japanese language skills (helpful but not required)
  • Experience with SAP 
  • Manufacturing accounting experience (Chemical industry is a plus)

Equal Opportunity Employer Statement: UBE is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, or status as a qualified individual with a disability.