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Cost Allocation Jobs (NOW HIRING)

Osmundson Manufacturing Co.

Cost Accountant

Perry, IA · On-site

$63K - $85K/yr

Evaluate over- and under-absorption of labor and overhead to ensure accurate cost allocation. * Deliver weekly cost and margin reporting with clear financial impact and actionable insights.

Osmundson Manufacturing Co.

Cost Accountant

Perry, IA · On-site

$63K - $85K/yr

Evaluate over- and under-absorption of labor and overhead to ensure accurate cost allocation. * Deliver weekly cost and margin reporting with clear financial impact and actionable insights.

Maximus

Junior Cost Analyst (Remote - OH)

Richmond, VA · Remote

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 ...

New

Goldin Metals, Inc.

Cost Accountant

Gulfport, MS

$65K - $87K/yr

Develop, maintain, and monitor the cost accounting system, including inventory valuation and cost allocation * Analyze production and operational costs; identify and investigate variances between ...

Maximus

Junior Cost Analyst (Remote - OH)

Richmond, VA · On-site

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 ...

New

Osmundson Manufacturing Company

Cost Accountant

Perry, IA · On-site

$63K - $85K/yr

Evaluate over- and under-absorption of labor and overhead to ensure accurate cost allocation. * Deliver weekly cost and margin reporting with clear financial impact and actionable insights.

CFS

Senior Cost Analyst

Prairie Du Sac, WI · On-site

$80K - $95K/yr

Analyze procurement, production, and inventory activity to ensure accurate cost allocation * Participate in cost‑saving initiatives and provide insight into margin improvement opportunities ...

State of Virginia

Indirect Cost Analyst

Richmond, VA · On-site

$85K - $93K/yr

... cost allocation plans and federal regulations (e.g., 2 CFR 200). Minimum Qualifications Demonstrated analytical skills in financial setting High attention to detail Ability to identify discrepancies ...

Samsung

Wireless / Telecom Cost Analyst

Moonachie, NJ · On-site

Company Description • Support overall TEMS service including; but not limited to: • Telecom Invoice Validation and Payment Processing • Raw Data Validation and Cost Allocation • Telecom Cost ...

K2 Space

Cost Accounting Manager

Los Angeles, CA · On-site

$110K - $155K/yr

The Role The Cost Accounting Manager will assist financial leadership across manufacturing ... Help manage manufacturing overhead pools, allocation bases, and rates to ensure accuracy ...

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All JobsCost Allocation Jobs

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.
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Cost Allocation jobs near you

Cost Accountant

Osmundson Manufacturing Co.

Perry, IA • On-site

$63K - $85K/yr

Full-time

Posted 5 days ago

Job description

Job Type
Full-time
Description
JOB SUMMARY
The Cost Accountant is responsible for driving visibility into product cost, manufacturing efficiency, and margin performance across operations. This role connects finance and operations by translating production activity into clear financial insight that supports pricing, profitability, and decision-making. The position works closely with plant leadership to understand operational performance and its financial impact, ensuring accurate cost data and meaningful analysis.
MAIN FUNCTIONS & RESPONSIBILITIES
  • Maintain and improve standard cost models, including material, labor, and overhead components.
  • Analyze labor efficiency, throughput, material usage, scrap, and yield to identify performance trends and cost drivers.
  • Evaluate over- and under-absorption of labor and overhead to ensure accurate cost allocation.
  • Deliver weekly cost and margin reporting with clear financial impact and actionable insights.
  • Identify and quantify cost drivers and margin leaks across production processes.
  • Partner with Operations to validate production data, investigate variances, and support process improvements.
  • Support pricing and quoting decisions by providing accurate and reliable cost data.
  • Assist with inventory and production-related accounting activities during the month-end close process.

Requirements
  • Education: Bachelor's degree in Accounting, Finance, or a related field.
  • Experience: 3-5 years of experience in manufacturing cost accounting.
  • Technical Skills: Strong understanding of standard costing, variance analysis, and inventory/WIP accounting. Strong Excel skills required; ERP experience preferred (Infor a plus).
  • Operational Collaboration: Comfortable working with operations teams and plant personnel to understand production activity and financial impact.
  • Analytical Skills: Strong ability to analyse data, identify trends, and translate findings into actionable insights.
  • Problem-Solving: Demonstrates curiosity and a proactive approach to understanding root causes and resolving issues.
  • Communication: Ability to clearly communicate complex financial information to both finance and operations teams.
  • Work Style: Comfortable working on the plant floor, asking questions, and engaging directly with operational teams.

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