Cost Modeling Subject Matter Expert

  • Remote
  • Full Time
  • Experienced

Position Overview

Cost Modeling Subject Matter Expert

The Position:

We are seeking motivated, detail-oriented professionals with experience in financial analysis, cost modeling, defined contribution retirement plans, and recordkeeping services to support the Federal Retirement Thrift Investment Board’s modernization and recompete of its recordkeeping services. The Cost Modeling Subject Matter Expert will provide specialized expertise in evaluating transition, transformation, and ongoing operational costs; conducting industry research and benchmarking; and developing comprehensive cost models to support acquisition planning. This position requires strong analytical and communication skills, as well as the ability to translate complex financial and operational information into clear, actionable recommendations. A successful candidate will collaborate with agency leaders, industry experts, and cross-functional teams to support a complex, long-term acquisition serving the nation’s largest defined contribution retirement plan. Responsibilities for the role will include:

  • Develop comprehensive cost models for recordkeeping service transition, transformation, and ongoing operations.
  • Conduct detailed cost and pricing analyses to support acquisition planning and evaluation of future state recordkeeping strategies.
  • Estimate total cost of ownership from initial transition activities through implementation, ongoing operations, and benefits realization.
  • Research and benchmark recordkeeping costs, pricing structures, and cost efficiencies across large defined contribution plans and comparable financial institutions.
  • Evaluate alternative sourcing and service delivery approaches based on cost, performance, risk, and expected benefits.
  • Analyze historical and current market data to determine whether proposed pricing is consistent with prevailing market conditions.
  • Identify major cost drivers, assumptions, dependencies, risks, and opportunities for improving operational efficiency.
  • Align cost models with applicable federal requirements and commercial defined contribution and recordkeeping practices.
  • Translate complex financial analyses into clear findings, executive-level presentations, and actionable recommendations.
  • Collaborate with agency stakeholders, acquisition specialists, technology experts, and retirement plan administration subject matter experts to ensure cost considerations are incorporated into acquisition and transition planning.

The Ideal Candidate: 

At Censeo, we are looking for unique candidates whose passion and enthusiasm will help shape Censeo’s client insights and workplace culture. Our staff have a wide range of backgrounds, areas of expertise, personality types, and favorite breakfast foods. Our client and cultural successes are rooted in our team’s innovation, creative problem solving, and collaboration. The unique perspective that you bring and the way you tackle problems are much more important to us than what’s printed on your diploma. Some of the core qualifications for the role include:

Required:

  • Master’s Degree or Bachelor’s Degree in Finance, Economics, or a related field.
  • 10 years of professional experience in research, analysis, cost modeling, or a related field within the defined contribution or recordkeeping industry.
  • Demonstrated experience developing comprehensive cost models for large, complex recordkeeping service transitions.
  • Experience analyzing transition, transformation, and ongoing operational costs, including total cost of ownership from implementation through benefits realization.
  • Demonstrated experience conducting cost and pricing analyses, benchmarking cost efficiencies, and evaluating whether pricing aligns with current market conditions.
  • Experience advising plan administrators or comparable financial institutions on recordkeeping transitions, business process transformation, and cost management strategies.
  • Ability to align federal standards, rules, and regulations with commercial defined contribution and recordkeeping standards and practices.
  • Extensive knowledge of defined contribution plans, recordkeeping services, plan administration, and related cost drivers.
  • Strong project management, analytical, written communication, presentation, and stakeholder engagement skills.
Preferred:
  • Experience developing cost models for large public sector retirement plans or other large financial institutions.
  • Experience evaluating alternative sourcing, transition, and managed service delivery models.
  • Experience supporting complex federal acquisitions or procurements involving financial, retirement plan, or recordkeeping services.
  • Demonstrated ability to present complex cost and pricing analyses to executive stakeholders.

The Company:

Censeo Consulting Group is a top Washington D.C. based management consulting firm dedicated to helping public sector and non-profit clients build operational excellence, deliver better outcomes, and lower cost. We take a personalized approach to strategic consulting to solve our clients’ most complex problems and build operational excellence that transforms their organizations, allowing them to better deliver on their public and social missions. 

At Censeo, our award-winning culture means you’ll join a tight-knit community of 80 brilliant and passionate colleagues. We are advocates for a better functioning public sector, and we’re also good friends who know the names of each other’s dogs. Our philosophy is horizontal, not hierarchical, and our open-door policy encourages a culture of entrepreneurship at all levels. We share successes, make decisions together, and foster an environment for those with passion and initiative to lead. Our colleagues bring their own unique personalities to work every day and use them to help shape our growing firm in ways that reach far beyond client projects. 

The Location:

Censeo Consulting Group is based in Washington D.C., a fantastic city for working professionals. We work in a hybrid setting with flexibility to work from home and work in our office conveniently located in the heart of downtown, just a few blocks away from the White House. And with many of our clients also based in D.C., we have the luxury of leaving for a meeting and being back in the office in time for post-work happy hours, team dinners, and game nights.

The Fine Print:

  • The salary range for this role is $110,000 - $155,000 depending on experience
  • Expected travel 0-10%; may increase based on business needs 
  • This is an exempt, full-time position but open to part-time/contracted arrangements
  • This role is subject to a hybrid work schedule in the Washington D.C. 
  • Essential Physical Functions
    • Sitting: Particularly for sustained periods of time
    • Light Carrying: Physically transporting items weighing less than 15 pounds from one location to another

Censeo offers a competitive compensation and benefits package, including paid vacation and sick leave, flexible and remote work opportunities, and tuition and training reimbursement. More information on our benefits and perks can be found at https://www.censeoconsulting.com/about/join-us/.  

Censeo is an equal opportunity employer. We are committed to providing equal opportunity to all applicants and employees in full compliance with all applicable state and federal laws prohibiting discrimination on the basis of race, color, age, gender, religion, national origin, disability, protected veteran status, or any other class protected by applicable state or federal law. 

Join Our Award-Winning Culture!
Our passion wins awards. But don’t just take it from us… 

  • 2024 Vault #41 Consulting 50 North America
  • 2024 Vault #7 Best Consulting Firm for Hours in the Office
  • 2023 Vault #9 Best Consulting Firm for Work/Life Balance 
  • 2023 Vault #23 Best Consulting Firm for Overall Diversity
  • 2023 Management Consulted #3 Best Boutique Firms in Washington DC
  • 2022 Vault #41 Best Overall Consulting Firm to Work For
  • 2020 Vault #21 Best Boutique Consulting Firm 
  • 2019 Ivy Exec #7 Best Boutique Consulting Firm 
  • 2018 Consulting Magazine Best Small Firms to Work For  
  • 2017 Vault #12 Best Boutique Consulting Firm 
  • 2016 Forbes Best Management Consulting Firms in America 
  • 2015 Washington Business Journal’s Philanthropy List 


#LI-Hybrid

Apply for this position

* Required fields
First name*
Last name*
Email address*
Location
Phone number*
Resume*

Attach resume or Paste resume

Attach resume as .pdf, .doc, .docx, .odt, .txt, or .rtf (limit 5MB) or paste resume

Paste your resume here or attach resume file

What’s your citizenship / employment eligibility?*
What’s your highest level of education completed?*
College or University*
GPA*
LinkedInLinkedIn profile URL:
Desired salary*
Earliest start date?*
In 150 characters or fewer, tell us what makes you unique. Try to be creative and say something that will catch our eye!*
How many years of experience have you providing consulting support to federal agencies?*
How many years of experience do you have in the subject area for the role?*
Do you currently possess any active clearances or a public trust determination?*
Is there anything else we should know about your experience that makes you a good fit for the role?
The following questions are entirely optional.
To comply with government Equal Employment Opportunity and/or Affirmative Action reporting regulations, we are requesting (but NOT requiring) that you enter this personal data. This information will not be used in connection with any employment decisions, and will be used solely as permitted by state and federal law. Your voluntary cooperation would be appreciated. Learn more.
Gender
Race/Ethnicity
Invitation for Job Applicants to Self-Identify as a U.S. Veteran
  • A “disabled veteran” is one of the following:
    • a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or
    • a person who was discharged or released from active duty because of a service-connected disability.
  • A “recently separated veteran” means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.
  • An “active duty wartime or campaign badge veteran” means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.
  • An “Armed forces service medal veteran” means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.
Veteran status
I IDENTIFY AS ONE OR MORE OF THE CLASSIFICATIONS OF PROTECTED VETERAN LISTED ABOVE
I AM NOT A PROTECTED VETERAN
I DON’T WISH TO ANSWER
Voluntary Self-Identification of Disability
Voluntary Self-Identification of Disability Form CC-305
OMB Control Number 1250-0005
Expires 05/31/2026
Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

  • Alcohol or other substance use disorder (not currently using drugs illegally)
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
  • Blind or low vision
  • Cancer (past or present)
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or serious difficulty hearing
  • Diabetes
  • Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
  • Epilepsy or other seizure disorder
  • Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
  • Intellectual or developmental disability
  • Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
  • Missing limbs or partially missing limbs
  • Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
  • Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
  • Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
  • Partial or complete paralysis (any cause)
  • Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
  • Short stature (dwarfism)
  • Traumatic brain injury
Please check one of the boxes below:
YES, I HAVE A DISABILITY, OR HAVE HAD ONE IN THE PAST
NO, I DO NOT HAVE A DISABILITY AND HAVE NOT HAD ONE IN THE PAST
I DO NOT WANT TO ANSWER

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

Name Date
Human Check*