Why this role stands out
This Cost Accounting Manager role offers a significant opportunity to shape financial strategies within a Fortune 500 company, developing critical skills in federal funding and compliance. If you excel at detailed analysis and possess a strong understanding of cost allocation, you will thrive in this impactful, on-site position. Apply today to make a difference.
Quick overview
Job description
- Review existing federal funding structures and current allocation of personnel, IT, policy, fiscal, management, and other administrative costs.
- Analyze existing cost pools, allocation bases, time-coding controls, WBS structures, cost centers, internal orders, and federal claiming processes.
- Identify compliance risks, unsupported allocation methodologies, and gaps against applicable federal cost principles.
- Develop written assessments and recommend corrective actions.
- Develop a compliant Administrative Cost Allocation Methodology consistent with federal and state requirements.
- Identify shared administrative cost pools and establish appropriate allocation bases, formulas, and distribution methodologies.
- Perform financial modeling to quantify projected federal and state share impacts under current and proposed allocation methodologies.
- Develop allocation matrices, formulas, financial impact analyses, and cost-pool reporting/coding matrices.
- Establish internal controls and documentation requirements necessary for ongoing compliance and audit support.
- Prepare and support Public Assistance Cost Allocation Plan (PACAP) documentation, including narratives, schedules, allocation documentation, and submission-ready packages.
- Assist Louisiana Works in responding to federal questions and participate in technical discussions with federal reviewers.
- Revise methodologies and supporting documentation based on federal review feedback.
- Develop an implementation roadmap and provide guidance for operationalizing the approved cost allocation methodology.
- Identify necessary changes to time reporting, coding structures, and financial-system processes.
- Develop procedures for ongoing application, monitoring, maintenance, and updating of the methodology.
- Analyze opportunities to maximize allowable federal reimbursement.
- Evaluate the financial impact of changes in federal participation and reimbursement rates.
- Develop fiscal models comparing current versus proposed allocation methodologies.
- Prepare a Federal Claiming Optimization Memorandum, Fiscal Impact Projection Model, and Executive Summary for Louisiana Works leadership.
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