Labor Cost Analyst

Easterseals•New York, NY

17d•Onsite

About The Position

The Labor Cost Analyst works within The Fedcap Group’s global Finance Planning & Analysis department and reports to the VP of Financial Planning & Analysis. The role analyzes and reports payroll and workforce-related costs, including payroll, fringe benefits, outside labor, and professional fees, with allocations to projects and programs. It provides detailed analysis at the employee, program, project, and funding-source levels and partners with Payroll, HR, HRIS, Finance, Billing, Accounting, and Program Management to support accurate data, appropriate cost allocation, project budgets, forecasts, financial reporting, and contract billing. The analyst evaluates how payroll spending is used across programs, including salaries, overtime, vacancies, fringe benefits, temporary labor, consultants, and professional services. The position supports cost allocation and project costing, budgeting and forecasting, recurring reporting, and analysis of staffing levels and project financial performance. The role is based at 633 3rd Ave, New York, NY 10017.

Requirements

Bachelor’s degree in finance or accounting.
At least 5 years of related work experience.
Prior experience with payroll analysis, corporate-level budgeting, forecasting, financial reporting, and data management.
Demonstrable knowledge of The Fedcap Group’s mission, vision, and goals, and execution of relevant policies and procedures.
Strong analytical and verbal and written communication skills.
Knowledge of payroll analytics and metrics, including outside labor and professional fees.
Experience supporting budgets for payroll and related costs in for-profit and not-for-profit settings.
Experience working with ERP systems.
Strong Microsoft Excel skills, including pivot tables, VLOOKUP, and SUMIFS.
Ability to accurately analyze situations, recommend courses of action, and translate complex financial information into clear business insights.
Ability to establish and maintain effective working relationships with FP&A, Accounting, and Program staff.

Nice To Haves

MBA.
Knowledge of Oracle Fusion, SmartView, and EPM.

Responsibilities

Analyze payroll expense by employee, program, project, funding source, grant, or contract.
Compare actual payroll expense against budgets and forecasts, identify significant variances, and explain them.
Prepare recurring reports for FP&A, Program Management, and senior leadership.
Develop and track payroll KPIs, such as vacancies, overtime hours, outside labor usage, and payroll as a percentage of revenue.
Analyze and calibrate payroll allocations.
Analyze payroll as a percentage of project revenue and identify material changes in labor-cost ratios.
Assess relationships among staffing levels, vacancies, overtime, outside labor, and project financial performance.
Analyze payroll expense trends, including fringe benefits, and identify variances from budget and forecast.
Evaluate whether project staffing and payroll align with project revenue, scope, contract requirements, and approved budgets.
Develop analytical models to evaluate the financial impact of staffing changes on project performance.
Analyze allocation methodologies for administrative and indirect costs, payroll, and fringe benefits across projects.
Review direct allocation of project staff costs and ensure personnel expenses are assigned appropriately to projects and funding sources.
Identify allocation anomalies and work with Finance, Accounting, and Program staff to resolve them.
Partner with Billing to understand project and contract requirements and their effect on billing allowable costs under fee-for-service, cost-reimbursement, or fixed-price contracts.
Provide payroll and related-cost support for annual budgets and monthly forecasts.
Develop detailed payroll cost assumptions for budgets and forecasts, including headcount, vacancies, wage changes, merit increases, overtime, turnover, new hires, and external labor.
Analyze the financial impact of staffing and program changes.