Financial Allocations Manager - Valley National Bank

Responsibilities include but are not limited to:


* Develop and implement allocation methodologies, models, and frameworks to guide allocation decisions.
* Establish allocation criteria, cost drivers, and allocation bases to allocate costs in a transparent and consistent manner.
* Monitor cost allocation performance against established criteria, budgetary targets, and financial plans.
* Collaborate with department heads, project managers, and finance teams to assess cost allocation needs, priorities, and challenges.
* Facilitate communication and coordination among departments to ensure alignment of cost allocation decisions with organizational objectives.
* Generate reports, analyze allocation data, and provide insights to senior management on cost trends, variances, and areas for improvement.
* Continuously review and enhance cost allocation processes, methodologies, and systems to adapt to changing business needs and industry best practices.
* Solicit feedback from stakeholders, conduct post-implementation reviews, and incorporate lessons learned into future allocation practices.
* Document and socialize allocation methods and drivers.
* Assists management with ad-hoc reporting and requests from the line of business.



Required Skills:


* Expertise in Excel and overall MS Office suite and a working knowledge of relevant software applications, VBA and Power BI a plus.
* Solid understanding of accounting principles.
* Ability to reason and make sound decisions.
* Ability to work well under pressure in a fast-paced environment.
* Strong verbal and written communication skills.
* Strong organizational skills and ability to multi-task.
* Proven ability to develop and maintain business relationships across the bank.

Required Experience:


* Bachelor's degree in business, Finance, Accounting, or other related field.
* Minimum of 7 years with experience in Management Reporting and Allocations.

Preferred Experience:


* Master's Degree, Financial Services or Banking experience.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled