Financial Analyst I

State of North Carolina • Wake County, NC

3d

About The Position

The Financial Analyst I works in the NC Department of Adult Correction Controller’s Office. The office ensures that department financial resources and funds are received, disbursed, recorded, and accounted for in accordance with applicable state and federal laws and regulations, Generally Accepted Accounting Principles (GAAP), and department policies and procedures. At the agency level, the Controller’s Office oversees the North Carolina Financial System for transactions affecting the department’s financial responsibilities and is accountable to the Office of the State Controller for data integrity.

The position assists with preparation of the Department’s Annual Comprehensive Financial Report (ACFR), the accrual process, year-end journal entries, worksheets, and footnotes. It also assists with required cost reports, monthly allocations, EAGLE, annual inventory, and monthly bank reconciliations. The role provides leadership and coordinates development and changes to fiscal policy to ensure compliance with state and federal laws and regulations.

The position performs internal audits of payment transactions within healthcare operating systems. This includes preparing planned reviews, reviewing business documents, and implementing processes aligned with business functions and practices for compliance and quality management. It also identifies areas for cost avoidance and serves as a liaison between the section, the agency and Claims Contractor, Division of Prisons Social Workers, other state agencies, and medical providers to help resolve claims payment issues and accounting transactions.

Requirements

• Bachelor's degree in healthcare administration, accounting, banking, finance, business administration, economics, or a related discipline from an accredited institution, or an equivalent combination of education and experience.

Nice To Haves

• Basic knowledge of general financial management principles, investment capital risk analysis, debt management, and GAAP and/or investment practices.
• Basic knowledge of current federal, state, and local government programs.
• Basic problem-solving skills to interpret compliance and report findings to management.
• Basic project management skills to work as part of a team to develop processes and procedures based on changes in laws, regulations, or industry practice.
• Experience reviewing and documenting compliance with laws and regulations.
• Two or more years of related healthcare experience with ICD-10 and CPT.
• Understanding of CPT codes, HCPCS codes, ICD-10 codes, and comprehensive healthcare methodologies.
• Knowledge of Medicare and Medicaid rules.
• At least two years of healthcare billing and reimbursement experience, preferably on the reimbursement side.

Responsibilities

• Assist with preparation of the Department’s Annual Comprehensive Financial Report (ACFR), including the accrual process, year-end journal entries, worksheets, and footnotes.
• Assist in preparing required cost reports, monthly allocations, EAGLE materials, annual inventory, and monthly bank reconciliations.
• Coordinate the development of and changes to fiscal policy, ensuring policies follow applicable state and federal laws and regulations.
• Perform internal audits of payment transactions within healthcare operating systems.
• Prepare planned reviews, review business documents, and implement processes aligned with business functions and practices for compliance and quality management.
• Identify areas for cost avoidance.
• Liaise with the agency and Claims Contractor, Division of Prisons Social Workers, other state agencies, and medical providers to help resolve claims payment issues and accounting transactions.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level