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Cost Allocation Jobs (NOW HIRING)

Cost Analyst

Tempe, AZ · Hybrid

$94K - $119K/yr

Researching cost allocation trends including investigating inconsistencies in cost records and providing corrective action on a monthly basis. Developing and governing cost allocation processes for ...

This role is part of a four-person team that supports cost allocation, analysis, reporting, and process improvement projects. As the ideal person for this role, you must have cost accounting ...

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 ...

Senior Cost Accountant

Boise, ID · On-site

$110K - $140K/yr

Shared-cost allocation -- design, document, and defend appropriate allocation methods for shared and indirect costs (support, platform, facilities, R&D) across product lines and revenue categories.

Showing results 21-40

Cost Allocation information

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$37K

$86.3K

$127.5K

How much do cost allocation jobs pay per year?

As of Aug 15, 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 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 are the three methods of cost allocation?

In cost allocation, the three common methods are direct allocation, which assigns costs directly to cost centers; step-down allocation, which allocates costs sequentially based on service relationships; and reciprocal allocation, which considers mutual services among departments. Cost accountants often use these methods to ensure accurate distribution of expenses across departments or projects.
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:

Infographic showing various Cost Allocation job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 7% Part Time, and 4% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $86,312 per year, or $41.5 per hour.

Senior Finance Lead, Cost Allocation - Technology Programs

US Bank

Minneapolis, MN • Hybrid

$113K - $155K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago


U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 171 rated banks


Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Senior Finance Lead, Cost Allocation - Strategic Programs provides strategic leadership for enterprise cost allocation, financial transparency, expense governance, and cross-functional Finance initiatives. The role partners with senior leaders across Finance, Accounting, Financial Operations, Tax, Technology, and business lines to develop, implement, and evolve methodologies, governance frameworks, and operating practices that support informed decision-making and effective financial management.

This position leads highly complex initiatives with significant business, financial, and organizational impact. The role serves as a trusted advisor to Finance leadership, influencing enterprise decisions, driving alignment across stakeholders, and ensuring cost allocation methodologies, governance processes, and financial management practices remain scalable, transparent, and aligned with organizational objectives.

Key Responsibilities
  • Lead the design, implementation, and evolution of enterprise cost allocation methodologies, governance frameworks, and supporting business processes.

  • Partner with Finance and business leaders to improve transparency, accountability, and consistency in expense attribution and financial decision-making.

  • Develop and maintain governance structures, standards, controls, and operating practices supporting cost allocation and financial management activities.

  • Provide strategic consultation and recommendations regarding allocation methodologies, funding models, chargeback approaches, and related financial impacts.

  • Lead highly visible cross-functional initiatives involving Finance, Accounting, Financial Operations, Tax, Technology, Risk, and business-line stakeholders.

  • Assess and communicate financial, operational, and strategic implications associated with proposed methodology changes and transformation initiatives.

  • Drive executive-level discussions regarding priorities, risks, trade-offs, implementation strategies, and expected outcomes.

  • Develop materials and recommendations for senior leadership, governance committees, and executive decision forums.

  • Identify opportunities to streamline processes, strengthen governance, improve transparency, and enhance organizational effectiveness.

  • Influence enterprise decisions and drive alignment across diverse stakeholder groups where authority is largely achieved through expertise, credibility, and partnership.

Basic Qualifications
  • Bachelor's degree, or equivalent work experience

  • Eight or more years of related experience

Preferred Skills/Experience
  • Significant experience in Finance, Corporate Finance, FP&A, Accounting, Financial Operations, Cost Allocation, Profitability Analysis, or related disciplines.

  • Strong understanding of financial governance, expense management, allocation methodologies, cost recovery models, and financial management practices.

  • Demonstrated experience leading large-scale initiatives with broad organizational impact and significant stakeholder complexity.

  • Ability to influence senior executives and business leaders on complex financial, operational, and strategic matters.

  • Experience developing governance frameworks, decision-making processes, and enterprise operating models.

  • Strong analytical, strategic thinking, communication, and relationship management skills.

  • Proven ability to translate complex financial concepts into actionable business recommendations.

  • Financial services experience preferred.

Location -

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $126,820.00 - $149,200.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.


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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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