Cost Allocation & Business Analytics Manager

Healthcare of Ontario Pension Plan (HOOPP) - Toronto, ON (30+ days ago)

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(200109)

Job Summary

Reporting to the Director, Financial Statement Reporting, the Cost Allocation and Reporting Manager will be responsible for overseeing the allocation of costs to the key business functions, including investment strategies of the Healthcare of Ontario Pension Plan (HOOPP). The incumbent will be leading the development, implementation and operation of the new cost allocation process at HOOPP.

The incumbent will be responsible for helping cost owners analyse their cost base and defining a fair and practical methodology to allocate costs across various divisions and investment strategies within HOOPP.

The incumbent will also collaborate with other teams in the Financial Reporting and Business Planning department to enrich the reporting provided to senior management and the Board of Trustees through the enhancement of key leading indicators, including the development of cost allocation reporting.

Roles and Responsibilities

Manage the cost allocation process by working closely with key stakeholders across the organization to:
Define and document individual cost pools for the purpose of cost allocations;
Define the methodology and driver to be used for each cost pool to allocate costs by product line and strategy; and
Document data source, definition and logic required to calculate the allocation driver.

Manage the governance function of cost allocations by ensuring consistency in the definition of cost pools and methodologies used by cost owners. The Manager is also responsible for coordinating the ongoing review of the cost pools, allocation methodologies and allocation drivers by relevant stakeholders.
Responsible for the implementation of the cost allocation engine to systematically and accurately assign costs to various product lines and strategies. Once implemented, the Manager is responsible for continuously evaluating its effectiveness and implementing improvements as business needs and reporting requirements evolve.
Review cost pools and allocation drivers with cost owners to ensure costs are grouped and allocated using the approved methodology on a quarterly basis. For material changes in cost pool composition, the allocation methodology will need to be revisited with the cost owner and amendments proposed for approval quarterly.
Build relationships and partner with Senior Leaders across the organization to provide consultation on cost drivers and allocations.
Prepare and generate monthly cost allocations reporting to senior management, cost owners and key stakeholders.
Collaborate with other teams in Finance to create forward-looking KPIs to enhance reporting for the Board of Trustees and the Audit & Finance Committee.
Work collaboratively with Tax and Business Planning & Decision Support teams to ensure consistency in the reporting of costs and allocations between Plan and Investment activities.
Evaluate and evolve the cost allocation process to ensure that it continues to meet the organization's needs and maintains active engagement from key stakeholders.
Contribute to various business planning, budgeting and forecasting processes led by Business Planning & Decision Support by providing cost insights for new projects and strategies.
Participate in the identification, design and evaluation of process improvement opportunities across Finance.

Qualifications

University graduate with a degree in commerce, business administration or accounting.
CPA accounting designation.
Minimum 7 years of experience in accounting for the financial services sector.
Minimum 3 years of experience in a management role including oversight of Activity Based Costing and Cost Allocation activities.
Strong analytical and problem-solving skills including the ability to work independently and collaboratively to gather, formulate and analyse information to support recommendations to key stakeholders.
Excellent organizational and time management skills with the ability to work concurrently on multiple assignments.
Ability to effect change, lead, coach, influence and motivate productive teams including those who do not have a direct reporting line.
Excellent verbal, written and interpersonal skills with demonstrated ability to interact with and present issues of varying complexity to a wide variety of audiences effectively.
Excellent attention to detail, accuracy and completeness.
Collaborative, professional, accountable and trustworthy.
A proven team player, proactive and independent.
Experience with Oracle Financials Cloud an asset.

Notice for job applicants

Following the advice of Canadian health authorities, to mitigate the risk of potential spread of COVID-19 and support social distancing, all recruiting activities including interviews and new hire onboarding will be conducted online. While we are doing our best to ensure reasonable response times, please expect some delays during the recruiting process due to the current situation. Thank you for your patience and understanding during these challenging times.

For additional information on our adjusted recruitment process, please email us at hrinbox@hoopp.com.

About HOOPP

Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 381,000 members who provide valued healthcare services at more than 590 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $94.1 billion at the end of 2019 and our funded status remained strong and stable at 119%.

HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees. We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation.

From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people.

Our high-performance culture is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.

Primary Location Toronto
Job Finance
Employee Status Permanent
Job Type Standard
Schedule Full-time
Job Posting Jun 1, 2020, 1:06:17 PM