Apd Budget And Financial Analyst

State of Maryland•Baltimore City, MD

3d•Onsite

About The Position

This position serves as the Advanced Planning Department's Budget and Financial Analyst within the Office of Advance Planning at the Maryland Department of Health. It independently applies general accounting principles and practices and State and federal financial requirements to develop, analyze, verify, monitor, reconcile, and report financial activities associated with Maryland's Advanced Planning Document (APD) portfolio and federally funded Medicaid enterprise initiatives. The analyst develops and reconciles APD budgets and supporting financial records; monitors expenditures, funding utilization, award balances, procurement-related expenditures, implementation spending, reimbursables, pass-through funding, and budget variances; and prepares State budget documentation, including State Fiscal Year Budget Notes and Project Activity Description finance documents for APD Program Cost Accounts. The role verifies financial information, evaluates supporting documentation, identifies discrepancies, and supports fiscal integrity and compliance with approved APDs and State and federal requirements. The analyst serves as an accounting and financial resource to the Director and stakeholders across Medicaid administrations, the Office of Finance, the Office of Enterprise Technology, the Maryland Health Benefit Exchange, the Department of Human Services, procurement offices, contractors, vendors, consultants, and other APD business owners. The position interprets and implements accounting and financial requirements, advises stakeholders on the fiscal impact of budget and funding decisions, and develops or recommends financial procedures, verification standards, and internal controls. The supported program activities represent more than $1 billion annually in federal financial participation and operational investments related to Medicaid enterprise systems, systems integration, modernization initiatives, and federally funded healthcare programs. The position reports to the Director of the Office of Advance Planning.

Requirements

Bachelor's degree in Accounting from an accredited college or university, including or supplemented by three credit hours in auditing.
Two years of experience examining, analyzing, and interpreting accounting systems, records, and reports by applying generally accepted accounting principles.
Candidates may substitute a bachelor's degree with 30 credit hours in Accounting and related courses, including or supplemented by three credit hours in auditing, for the required education.
Applicants who met the requirements for admission to the CPA examination before July 1, 1974, are considered to have met the stated educational requirement.
A CPA certificate or a master's degree in accounting from an accredited college or university may substitute for one year of required experience.
One year of professional auditing experience may substitute for one year of required experience.
U.S. Armed Forces military service as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the Accounting field may substitute year-for-year for the required experience and education.

Nice To Haves

Professional accounting experience applying general accounting principles and practices, including account reconciliation, financial transaction review and analysis, expenditure verification, financial reporting, maintaining supporting financial documentation, and identifying and resolving accounting discrepancies.
Experience managing or coordinating complex financial activities across multiple programs, projects, funding sources, or organizational units.
Experience with Medicaid or other federally funded programs, federal claiming and reimbursement, Federal Financial Participation (FFP), cost allocation, PACAP, CMS financial requirements, Medicaid Enterprise Systems (MES), or Advance Planning Documents (APDs).
Experience supporting audits, financial compliance reviews, internal controls, or activities designed to identify improper expenditures and mitigate fraud, waste, and abuse.
Certified Public Accountant (CPA).

Responsibilities

Develop and reconcile APD budgets and supporting financial records.
Monitor expenditures, funding utilization, award balances, procurement-related expenditures, implementation spending, reimbursables, pass-through funding, and budget variances.
Prepare State budget documentation, including State Fiscal Year Budget Notes and Project Activity Description finance documents for APD Program Cost Accounts.
Apply accounting principles and State and federal requirements to develop, analyze, verify, monitor, reconcile, and report financial activities.
Verify financial information, evaluate supporting documentation, identify discrepancies, and support fiscal integrity and compliance with approved APDs and State and federal requirements.
Serve as an accounting and financial resource to the Director and stakeholders across State agencies and external organizations.
Interpret and implement accounting and financial requirements and advise stakeholders on the fiscal impact of budget and funding decisions.
Develop or recommend financial procedures, verification standards, and internal controls supporting APD financial governance.