Cost Attribution/Activity Based Costing – VP/Director recruitment

Function

The Cost Attribution Manager will own the creation and delivery of a Cost Attribution model that delivers increased transparency and cost control and supports targeted decision making within Operations. They will ensure all logic is understood and owned by stakeholders in the Operations functions whilst supporting the model through an appropriate toolset. They will be responsible for increasing the maturity of cost attribution across Operations focussed on strengthening the engagement between Operations and Front Office.

The model will enable management of direct costing relationships to help in the monitoring and tracking of continuous improvement and change.

They will take ownership in the production of a cost attribution model that defines and collects drivers used to distribute cost to an appropriate level within a defined set of dimensions including but not limited to Customer, Product and Entity. The model will align accountability with controllability and will ensure the appropriate structures are in place for the Operations functions to own and understand the drivers of their cost.

Responsibilities

Delievery of Stakeholder Requirements, Strategy, Governance and Efficiency. Full details will be provided upon successful application.

Requirements

Professional/technical experience  

A proven track record for the implementation of Cost Attribution or Cost Allocation models is critical. With evidence of managing a team to work with stakeholders to define, implement and deliver a robust model that supports decision making. An ability to understand business process and translate them into a logical model that leverages revenue and cost drivers to analyse profitability is critical. A strong ability to present the impacts of business and structure change via a cost model is critical.

A recognised understanding of industry practice and methodologies used in cost allocation including direct and indirect cost relationships and variable cost management is preferred.

Candidates with knowledge/experience of Investment Banking will be preferred.  

Managerial Experience

The ideal candidate will have strong people management and leadership skills and have had specific experience working in a matrix management model where relationship building and negotiating skills have been highly leveraged.

Programme and Project Management

The candidate should have a proven record of project management in a highly pressurized environment. They should have demonstrable experience of developing and presneting a Cost Allocation model from the bottom up that delivers improvements in terms of Accuracy, Timeliness and Effectiveness. Knowledge of implementing a multi location strategy would be preferred.

Personal Attributes

The successful candidate will be an action-orientated and proactive individual with a focus on continuous improvement in all areas of responsibility. They will have the ability to build highly productive relationships with a range of internal and external stakeholders utilising a challenging, positive and influential style.

They will have the ability rapidly assimilate new information and to operate with autonomy influencing key suppliers to help meet the deliverables of a well informed and researched strategy.

Ability to lead cross functional teams to drive the organisation at all levels to deliver goals is essential.