Financial Analyst II

State of North Carolina•Wake County, NC
•Hybrid

About The Position

The Financial Analyst II supports financial management, analysis, and forecasting for the North Carolina Medicaid program within the Health Financing and Economics section of NC Medicaid. The role prepares, reviews, and disseminates recurring summaries of Medicaid expenditures and revenues and supports analyses of the fiscal impacts of proposed Medicaid policy changes. It also gathers, synthesizes, and organizes financial and programmatic data for the annual Medicaid budget forecast. The position reports to the Deputy Director for Health Financing and Economics and works in a professional financial operations environment. The role uses advanced Microsoft Excel to build, maintain, and validate financial models and expenditure tracking tools. It collaborates with internal and external stakeholders, prepares written summaries and presentations for leadership, and may use statistical software to support analysis. The position is funded in part through federal funds and is eligible for a hybrid work option.

Requirements

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

Nice To Haves

  • Expert-level Microsoft Excel proficiency building, auditing, and maintaining financial models for recurring Medicaid expenditure and revenue reporting.
  • History of producing high-quality financial analyses and written summaries with minimal oversight, including weekly, monthly, quarterly, and annual reporting.
  • Experience applying advanced analytical techniques to evaluate the fiscal impacts of proposed Medicaid policy changes using structured, data-driven methods.
  • Success compiling and synthesizing large financial datasets to support Medicaid budget forecasts and related financial planning.
  • Intermediate experience using statistical software such as SAS, R, Stata, or SPSS to enhance financial analysis and support data-driven Medicaid program decisions.

Responsibilities

  • Prepare, review, and disseminate weekly, monthly, quarterly, and annual Medicaid expenditure and revenue summaries.
  • Conduct routine and ad-hoc analyses of Medicaid spending patterns to support financial management and forecasting.
  • Evaluate the financial impacts of proposed Medicaid policy changes using structured, data-driven methods.
  • Collect, synthesize, and organize financial and programmatic data for the annual Medicaid budget forecast.
  • Maintain accurate and complete financial reporting through careful analytical workflows.
  • Build, maintain, and validate financial models and expenditure tracking tools using Microsoft Excel.
  • Collaborate with internal and external stakeholders to share financial insights and support alignment across teams working on Medicaid financing.
  • Develop written summaries and presentations that communicate financial findings and support leadership decision-making.
  • Use statistical software tools, when applicable, to support financial and data analysis for Medicaid programs.
  • Apply familiarity with Medicaid program cost drivers and policy context to financial assessment and forecasting activities.

Benefits

  • Health insurance options
  • Standard and supplemental retirement plans
  • NCFlex program benefits
  • Paid vacation leave
  • Paid sick leave
  • Paid community service leave
  • Paid parental leave for eligible employees
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