Portfolio Budget Manager (WMS2/FS) - Internal Only

State of Washington-posted 9 days ago
Full-time • Mid Level
Hybrid • Olympia, WA
5,001-10,000 employees
Administration of Economic Programs
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The Portfolio Budget Manager helps ensure HCA manages its funds in a way that allows 2.5 million Washingtonians to have health insurance. If you are looking for meaningful work and an amazing, collaborative team, this might be the fit for you! All Health Care Authority (HCA) employees will apply an equity lens to their work, which may include but is not limited to all analyses of core business and processes. About the division: The Financial Services Division (FSD), in collaboration with other HCA divisions, a variety of external stakeholders and legislative partners, provides strategic financial expertise for Apple Health, Community Behavioral Health (CBH), Public Employee Benefits Board (PEBB) and School Employee Benefits Board (SEBB) programs. In addition, FSD oversees the budget and compliance functions necessary to manage and monitor the single largest Washington State individual operating budget. Functions include budget management, accounting, forecasting, professional and hospital rate setting, financial analysis, and payment/collection operations. This division maintains a close working relationship with agency program, policy, and clinical divisions to ensure financially sound implementation and monitoring of program strategies. It is also accountable to the Governor and legislature in ensuring HCA operates within its budget. About the position: The Portfolio Budget Manager (WMS2) reports to the Deputy Budget Operations Section Manager and has overall responsibility to assist with the agency budget, projections, and budget projects. The incumbent performs budget and program planning analysis for the agency with assistance to different divisions when necessary. This position is responsible for developing and monitoring budgets, requests, allotment processes, fiscal notes, projections, activity inventory, and assuring that processes are completed within Office of Financial Management (OFM) guidelines and meet all budgetary requirements as directed by the Budget Operations Manager. In addition, this position is charged with monitoring expenditures against allotment to identify any fiscal issues for HCA management, program managers and stakeholders, and assures the fiscal information reported to OFM, legislature staff, and the federal government is accurate. This position is eligible to telework part-time but is regularly required to report on-site to 1 day a week and occasionally to meet business need. The default assigned work location of all Health Care Authority (HCA) positions - both on-site and telework eligible positions - is within the State of Washington. This position reports to Olympia, WA. Frequency of onsite work will vary based on business and operational needs. HCA has currently suspended the ability to support out-of-state telework.

  • Perform and provide complex analysis and financial modeling for decision packages under consideration by the HCA director, Chief Financial Officer, OFM, and legislature that outline issues with current funding and/or initiate policy proposals to address anticipated future needs.
  • Create financial models and determine the fiscal impacts of legislative, policy, or rulemaking proposals put forth by the HCA or state or federal legislative bodies related to Medicaid managed care, including alternative scenarios of appropriate.
  • Coordinate with fiscal and programmatic staff internal and external to the HCA to ensure 1) the accuracy of data and information presented in agency biennial and supplemental funding proposals and 2) that budget policy objectives are met while furthering the strategic goals of the HCA.
  • Represent the HCA Financial Services Division on interagency policy and data work groups.
  • Contribute to the development of the Medicaid per capita forecast; confirm accuracy of forecast output.
  • Oversee any necessary adjustments, specialty payments, and journal vouchers (JVs) for Medicaid services.
  • Provide technical assistance and contribute to the development of Medicaid managed care rates.
  • Work with consulting actuaries to ensure HCA and legislative policy decisions are accurately incorporated into the Medicaid managed care rates and contracts.
  • The ability to take action to learn and grow.
  • The ability to take action to meet the needs of others
  • Expert/advanced level skill with Microsoft Excel and working knowledge of designing complex modeling, structuring and ad-hoc data for use in pivot tables, and composing nested formulas.
  • Ability to creatively use resources to create and document work processes and analytical tools.
  • Working knowledge of analytical query protocols/software such as SQL.
  • Ability to analyze data, identify data needs, develop problem solving strategies, support ideas using data as evidence, develop goals and priorities, and establish benchmarks.
  • Ability to analyze and research the differences between budgeted and forecasted expenditures and actual expenditures and effectively communicate the reason for the differences.
  • Analytical skills for financial research and modeling in complex multi-system environments.
  • Effective verbal and written communication skills, including the ability to translate complex financial/analytical information for non-financial/analytical audiences.
  • Experience communicating with an array of audiences, ranging from staff with little financial background to elected government officials and federal auditors.
  • Ability to coordinate and build consensus among internal/external stakeholders toward the development of department and legislative initiatives.
  • Ability to develop and review complex written materials and provide detailed policy analysis.
  • Bachelor's degree from an accredited college or university in statistics, science, mathematics, data science, public administration or related field. Three (3) years of professional experience working with large, complex financial systems/information is required.
  • Associate's degree from an accredited college or university. Five (5) years of professional experience working with large, complex financial systems/information is required.
  • Seven (7) years of professional experience working with large, complex financial systems/information is required.
  • Two (2) or more years of experience querying data through programs such as Power BI - Power Pivot.
  • Four (4) or more years of experience in the development of financial modeling.
  • Seven (7) years of experience working in the financial field.
  • Experience working with the Washington State Agency Financial Reporting System (AFRS) data.
  • Experience contributing to decision packages and fiscal notes.
  • Knowledge of protocols/processes of the executive/legislative branches of state government.
  • Knowledge of Provider One System.
  • Experience with the Washington State Agency Budget System (ABS).
  • Experience working with the federal government.
  • Familiarity with State and Federal laws, rules, and regulations that impact/govern the State's Medicaid, CHIP, and state funded health programs.
  • Meaningful work with friendly co-workers who care about those we serve
  • A clear agency mission that drives our work and is person-centered
  • A healthy work/life balance, including alternative/flexible schedules and mobile work options.
  • A great total compensation and benefit package
  • A safe, pleasant workplace in a convenient location with restaurants, and shopping nearby.
  • And free parking!
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