Sr Cost Allocation Accountant

The Senior Cost Allocation Accountant performs detailed analysis and research focused on the allocation of expenses to key legal entities and CREF share classes based on business focused drivers. A premium is placed on the ability to efficiently and effectively analyze data and present the results in a concise manner to management. The Senior Cost Allocation Accountant is actively involved with project management activities and works closely with other areas including CREF Liaisons, Business Unit Finance, Fund Administration, and the Product Group. 

Key Responsibilities and Duties

• Extract and analyze historical cost allocation detail using Hyperion Essbase.

• Perform legal entity cost analysis and review through the use of Excel.

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Review intercompany agreements and summarize key allocation focused information for management consideration. 

Qualifications

• 3 Years Required; 5 Years Preferred

• University (Degree), Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Preferred Education

• University (Degree)

Career Level
7IC

Required Qualifications:

• 3 years of cost allocation accounting experience

Preferred Qualifications:

• 5 years of cost allocation accounting experience
• University degree in Accounting.
• Proficiency in Hyperion Essbase.
• Strong proficiency in Excel.
• Highly organized, detail oriented, self-motivated, have a positive work ethic, and be comfortable working in a fast paced, demanding environment.
• Excellent written and verbal communication skills, proven ability to work as an effective team player, and ability to collaborate across functions and businesses.
• Ability to manage multiple competing priorities.
• A sense of urgency, results orientated and thoughtful execution skills.

Additional Responsibilities:

• Perform detailed analysis on existing CREF share classes and the creation of the R4 share class.
• Create detailed spreadsheets and models in Excel to analyze cost allocation information.
• Write cost allocation standard operating procedures and other policy documents.
• Manage project details and report progress to senior management.
• Enhance the efficiency of analysis files through automation and other tools.
• Preparation of supporting cost allocation documentation.
• Assist with preparation of internal and external audit requests.

Potential Salary: $97,000.00 USD

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

COVID-19 Vaccination

TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

Privacy Notices

For residents of California, please click here to access the TIAA CA Applicant Privacy Notice.

For residents of the EU / UK, please click here to access the EU / UK Pre-employment Notice.

For all other residents, click here to access the Applicant Privacy Notice.