Manager, Cost Allocation Services

3 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Come Work with Us**

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

**Job Title**

Manager, Cost Allocation Services

**What is the opportunity?**

Come be part of a team that is working diligently to streamline cost allocation processes across RBC and drive greater cost transparency for stakeholders.

The Manager, Cost Allocation Services is responsible for the day-to-day operational support of cost allocation models which include development, maintenance, production and process improvement of cost allocation models as well as the posting of entries and reporting of cost allocations derived from the model for month ends, forecast and plan.

We are looking for individuals that would like to challenge the status quo and drive process improvements.

**What will you do?**
- Maintain and run assigned cost allocation models for Actual, Forecast, Plan and FX as required
- Update assigned models to accurately reflect requested changes to allocation rates and other business rules housed within the allocation model.
- Prepare and post Adjustment capture, PeopleSoft, ADP and/or SAP allocation journal entries in an accurate and timely manner
- Responsible for simplifying current cost allocation process i.e. reduce the effort required to run/ maintain the production
- Improve transparency on allocated charges and allocation methodology used by various platforms and provide timely and accurate monthly, quarterly, forecast and plan allocation reports to finance and Business partners within established SLA parameters
- Liaise and manage competing priorities from various Finance Performance Management teams
- Support onboarding of new models

**What do you need to succeed?**

**Must-have**
- Good understanding of Financial Reporting practices
- Working relevant experience (5 years or more)
- Excellent problem solving and proven analytical skills
- High degree of initiative and solution-based attitude
- Ability to work under pressure and demonstrate multi-tasking skill
- Advanced knowledge of MS Excel and PowerPoint
- Excellent oral and written communication skills

**Nice-to-have**
- Accounting designation CA, CPA and/or MBA (good to have)
- Understanding of Cognos financial reporting software an asset
- Familiarity with financial services industry a plus, but not required (we’ll teach you the business domain knowledge)

**What’s in it for you?**

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with clients

LI-POST

LI-Hybrid

**Job Summary**

**Address**:
TORONTO, Ontario, Canada

**City**:
CAN-ON-TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
Technology and Operations

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2023-07-20

**Application Deadline**:
2023-08-03

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

**Join our Talent Community**

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