Financial Analyst II

State of North Carolina

1d • Hybrid

About The Position

The North Carolina Department of Health and Human Services (DHHS) is one of the largest, most complex agencies in the state, with approximately 17,000 employees. It is responsible for ensuring the health, safety, and well-being of all North Carolinians, providing human service needs for special populations, and helping poor North Carolinians achieve economic independence. This Financial Analyst position supports the Provider Reimbursements Unit within the Finance Section of DMA. The primary responsibility is supporting rate setting, waivers, SPAs, and other reimbursement needs for a set of Medicaid Programs. While guidance will be provided by management, individuals are expected to quickly and independently perform required tasks after brief on-the-job training. The role involves performing financial analysis on assigned providers to determine payment rates, and serving as a resource for researching, understanding, and interpreting state and federal regulations for programs, keeping up to date with frequent modifications. Comparative analysis will be conducted using prior years’ cost information for individual facilities, other facilities, and national/industry data. The Division of Health Benefits (DHB) within NCDHHS manages and oversees North Carolina Medicaid and other programs, with a budget over $27 billion in state and federal funds per fiscal year, ensuring reimbursement for over 108,000 enrolled providers delivering services to 3.1 million beneficiaries.

Requirements

• Bachelor’s degree in accounting, banking, finance, business administration, economics, or related discipline from an accredited institution
• 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
• Ability to prepare interpretive or analytical accounting statements and reports and 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
• Quickly and independently perform required tasks after brief on the job training
• 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 the respective programs
• Make comparative analysis with prior years’ cost information for the individual facility as well as other facilities and additionally with national and industry data

Benefits

• Health insurance options
• Standard and supplemental retirement plans
• NCFlex program (numerous high-quality, low-cost benefits on a pre-tax basis)
• Paid vacation
• Paid sick leave
• Paid community service leave
• Paid parental leave (available to eligible employees)

What This Job Offers

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