As a leading, global financial information services provider, Fitch Group delivers vital credit and risk insights, robust data, and dynamic tools to champion more efficient, transparent financial markets. With over 100 years of experience and colleagues in over 30 countries, Fitch Group’s culture of credibility, independence, and transparency is embedded throughout its structure, which includes Fitch Ratings, one of the world’s top three credit ratings agencies, and Fitch Solutions, a leading provider of insights, data and analytics. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
Fitch Group is currently seeking a Head of Allocations to lead the global allocation accounting process and related financial reporting, controls, and transformation activities.
The Head of Allocations leads the review, redesign, and ongoing governance of our management and statutory allocation processes, which span multiple models across several finance systems, and cover our departments, legal entities, regions, and hubs. The role owns the calculation, review, and reporting of allocations and supports budget, forecast, and month-, quarter-, and year-end cycles. Working in a global, multi-currency, intercompany environment, the Head of Allocations will quickly build a picture of the current framework, identify opportunities to improve accuracy, consistency, transparency, and scalability, and translate allocation outputs into the right accounting treatment, reporting, and business commentary.
About the team
The successful candidate will join the global Controller organization within the CFO Group and lead the allocation function. The role partners with regional controllers, FP&A, Tax, Finance Operations, Technology and Data teams to maintain allocation methodologies, oversee monthly execution, strengthen controls, and deliver transparent reporting across departments, legal entities, hubs, and business units.
How You’ll Make an Impact:
- Lead the assessment and overhaul of allocation methodologies, drivers, and controls, and the models and system logic that produce them, to ensure costs land appropriately across the organization's legal entities, departments, regions, hubs, and business units.
- Own the allocation models, including their build, maintenance, documentation, and the reconciliation of outputs between systems.
- Establish and maintain a sustainable governance framework for allocation logic, documentation, approvals, and periodic review.
- Partner with FP&A, Controllership, Tax, Treasury, Operations, and Technology to align allocation outcomes with management reporting, statutory accounting, and intercompany requirements.
- Review allocation results, journal entries, intercompany impacts, and variance analysis to support close, quarterly reporting, budget, and forecast cycles.
- Establish change-management and testing standards for model, driver, and system changes.
You May be a Good Fit if:
- Bachelor’s degree in Accounting, Finance, Economics, or a related field. 8+ years in finance/accounting, including hands-on allocations / cost-modeling in a global, multi-entity, multi-currency environment.
- Experience operating complex allocation or cost-allocation models across enterprise finance systems.
- Strong grasp of intercompany, statutory vs. management reporting, and the accounting treatment of allocations.
- Experience presenting senior finance leadership.
- Project-management and process transformation experience.
What Would Make You Stand Out:
- Experience designing, implementing, or optimizing allocation models in Oracle EPCM or a comparable enterprise performance-management platform.
- Experience with Oracle Fusion Cloud EPM, SQL, Python.
- Experience supporting SOX controls and complex internal or external audits, including preparation of walkthroughs, evidence and reconciliations.
- Ability to communicate complex allocation methodologies and financial outcomes to both technical and non-technical audiences.
- Proven leadership, stakeholder management, and communication skills, with the ability to build trusted relationships and coordinate decisions across regional controllers, Tax, FP&A, business partners, Finance Operations, auditors, and senior management.
Why Choose Fitch:
- Hybrid Work Environment: 3 days a week in office required based on your line of business and location
- A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
- Investing in Your Future: Retirement planning, financial wellness and tuition reimbursement programs that empower you to achieve your short and long-term goals
- Promoting Health & Wellness: Comprehensive healthcare offerings that prioritize a healthy body & mind
- Supportive Parenting Policies: Family-first policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
- Dedication to Giving Back: Paid volunteer days and support for community engagement initiatives
At Fitch, AI is embedded in how we work every day—supporting smarter decision-making, streamlining workflows, and enabling new ways to create value for our business and clients. Intelligent solutions are increasingly part of our day-to-day operations, helping teams work more efficiently and think differently as we continue to evolve. We’re looking for colleagues who are comfortable operating in an AI-enabled environment—or who are curious, adaptable, and eager to build their AI literacy over time. We value professionals who embrace technology as part of continuous learning and who are committed to using it thoughtfully to enhance how work gets done.
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.
Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
FOR NEW YORK ROLES ONLY
Expected base pay rates for the role will be between USD 150,000 and 175,000 per year. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch’s total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.
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