2ndWave LLC

2ndWave LLC

Cost Modeling SME

Washington, DC · Exec

Sponsorship not specifiedDetected 36 days ago
Data VisualizationAccountingProcess ImprovementPerformance ManagementLeadershipCommunication

About the role

  • All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.
  • About 2ndWave LLC: 2ndWave LLC (2ndWave) is a management and technology consulting firm providing a focused set of financial management, program management, and technology solutions to public sector clients.

Responsibilities

  • Lead the design, development, modernization, and sustainment of WCF cost allocation models for both legacy (formerly commodity-based) and programmatic IT shared services, replacing legacy methodologies with scalable, transparent frameworks.
  • build rate models that target near-zero retained earnings in a zero-reserve environment requiring full cost recovery within the execution year.
  • Design fully burdened cost-allocation logic (e.g., G&A and program/PMO overhead) that isolates project-specific costs while keeping unrelated service rates clean and unaffected.
  • Develop scenario and sensitivity analysis tools that update dynamically with variable inputs to support mid-year true-ups, multi-tenant transitions, and leadership decision-making.
  • Support audit readiness by maintaining clear assumptions, calculation logic, and complete source-to-billing data lineage.
  • Support budget formulation, justification, and execution activities, and contribute to financial operating-model assessment and process-mapping work.
  • May mentor junior analysts and support process improvement initiatives.

Requirements

  • Bachelor's Degree in Accounting, Finance, Economics, or Data Analytics.
  • Strong analytical, written, and oral communication skills, including the ability to present technical approaches and respond to scenario-based questions before stakeholders.
  • Ability to work independently and collaboratively in a fast-paced environment with shifting priorities.
  • Advanced degree in a related field, or professional certification such as CPA, CGFM, or CDFM.
  • Proficiency querying, validating, and reconciling data using SQL.
  • Experience with enterprise financial systems, enterprise performance management (EPM) tools, IT service-management platforms (e.g., ServiceNow), and business intelligence tools (e.g., Power BI, Tableau).
  • 8+ years of specialized experience in federal working capital funds, cost accounting standards (SFFAS standards), and building complex cost-recovery or chargeback methodologies.
  • Demonstrated, hands-on experience developing, modernizing, deploying, and sustaining cost allocation models in production; advisory, strategic, or conceptual experience alone is not sufficient.
  • Working knowledge of SFFAS 4 (managerial/full cost) and SFFAS 10 (internal-use software), and of applicable federal financial management authorities such as the CFO Act, FFMIA, OMB Circulars A-123 and A-11, the Treasury Financial Manual, FASAB standards, and the Technology Business Management (TBM) framework.
  • Experience developing annual rate models and scenario/sensitivity analysis, including rate-setting in cost-recovery or revolving fund environments.
  • Ability to analyze and reconcile cost and consumption data across financial and operational systems to validate model integrity, completeness, and accuracy.
  • Ability to design transparent, auditable, and reproducible models with full source-to-billing data lineage.
  • Ability to obtain and maintain a federal Public Trust position determination; screening may include an SF-85P and a fingerprint-based background check.
  • Experience supporting federal shared-service organizations and IT cost recovery.

Nice to have

  • Preferred Skills and Qualifications:
  • Preferred Skills and

Compensation

  • Lead annual rate-setting development, including methodology, assumptions, and supporting documentation
  • Produce methodology and assumptions documentation, monthly cost allocation outputs, and annual rate development models in accordance with the program schedule and applicable quality standards.
  • Experience developing annual rate models and scenario/sensitivity analysis, including rate-setting in cost-recovery or revolving fund environments.

Company info

  • Develop and document full-cost methodologies consistent with SFFAS 4, including the treatment of software and development costs expensed in the year incurred, while preventing cross-subsidization between customers.
  • Present cost modeling results, rate recommendations, and supporting analysis to leadership, customers, and oversight bodies.
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