Portfolio Budget Manager (WMS2/FSD)

State of Washington • Thurston County – Olympia, WA

3d • Hybrid

About The Position

This Portfolio Budget Manager manages a Medicaid budget of over $26 billion per biennium. This level of responsibility is ideal for a senior analyst looking to manage large-scale financial portfolios. This role involves creating financial models that shape legislative budgeting, Medicaid insurance rate setting, and policy decisions, allowing the analyst to directly influence how healthcare is delivered in Washington. All 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.

This position is located within HCA’s Financial Services Division (FSD), which in collaboration with other HCA divisions and a variety of external stakeholders and legislative partners, provides strategic financial expertise for Apple Health, Community Behavioral Health (CBH), PEBB and 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.

The Portfolio Budget Manager reports to the Budget & Analytics Section Manager and has overall responsibility to assist with the agency budget, projections, and budget projects. The position 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 & Analytics Section 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 part-time telework but is required to report on-site 1-2 days a week 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. All agency employees are required to report on-site in Olympia on their first and last days of employment to pick up and return state-issued equipment, regardless of telework status or location.

Requirements

• Master’s degree in public administration or related field. One (1) year of professional experience working with large, complex financial systems/information.
• Bachelor’s degree in public administration or related field. Three (3) years of professional experience working with large, complex financial systems/information
• Associate degree in public administration or related field. Five (5) years of professional experience working with large, complex financial systems/information
• Seven (7) years of professional experience working with large, complex financial systems/information
• The ability to take action to learn and grow.
• The ability to take action to meet the needs of others.

Nice To Haves

• 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 within the State or other government entity is strongly preferred.
• 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 Web Intelligence and Enterprise Reporting.
• 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.

Responsibilities

• 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.
• Lead the development of modeling and strategies for sound fiscal projections to ensure adequate funding for agency programs.
• 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 workgroups.
• Communicate and coordinate with external and other internal agency staff, OFM and legislative staff, and others as necessary on development of HCA or interagency proposals and analyses.
• 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.
• Provide periodic updates to the fiscal sections of the Medicaid managed care contracts.

Benefits

• 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.
• free parking!

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree