Financial Analyst II

State of North Carolina•1915 Health Services Way Wake, NC

7d•$55,221 - $96,639•Hybrid

About The Position

The Financial Analyst position will support the Provider Reimbursements Unit within the Finance Section of DHB. This position is primarily responsible for supporting rate setting, waivers, SPAs, and other reimbursement needs for a set of Medicaid Programs. As an Analyst, guidance and direction will be provided by management, however it is expected that individuals will be able to quickly and independently perform the required tasks after brief on the job training. Within the Provider Reimbursement Unit, this position will perform financial analysis on assigned providers to determine payment rates. The Analyst will also be a supporting resource for researching, understanding, and interpreting state and federal regulations for programs and keeping up to date with the frequent need to modify the regulations for changes to the respective programs. Comparative analysis is made with prior years’ cost information for the individual facility as well as other facilities and additionally with national and industry data. The Division of Health Benefits (DHB) within NCDHHS is committed to advancing innovative solutions that improve health, promote well-being and foster independence for all North Carolinians. DHB manages and oversees North Carolina Medicaid and other programs that provide access to services and supports for parents, children, seniors, people with intellectual / developmental disabilities, and behavioral health, substance use and traumatic brain injury disorders. With a budget over $27 billion in state and federal funds per fiscal year, DHB ensures that more than 108,000 enrolled providers are reimbursed for delivering covered services to 3.1 million beneficiaries.

Requirements

Bachelor’s degree in accounting, banking, finance, business administration, economics, or related discipline from an accredited institution and 1 year of directly related experience or an equivalent combination of education and experience.

Nice To Haves

In-depth knowledge of accounting theories and principles
Prepare interpretive or analytical accounting statements and reports
Ability to interpret, apply and communicate fiscal regulations
Strong analytical and problem solving skills with experience in data analysis, forecasting, and modeling
Ability to construct and utilize analytical spreadsheets to conduct/support analysis
Ability to determine appropriate data elements for analysis

Responsibilities

Support rate setting, waivers, SPAs, and other reimbursement needs for a set of Medicaid Programs.
Perform financial analysis on assigned providers to determine payment rates.
Research, understand, and interpret state and federal regulations for programs.
Keep up to date with the frequent need to modify regulations for changes to respective programs.
Conduct comparative analysis with prior years’ cost information for individual facilities and other facilities, as well as national and industry data.