Principal Cost Analyst (Hybrid) - #251120-6328AR-001

State of Connecticut-posted 22 days ago
Full-time • Principal
Hybrid • Hartford, CT
1,001-5,000 employees
Executive, Legislative, and Other General Government Support
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Do you have experience in technical work in cost accounting or fiscal management? Are you looking for an opportunity to make an impact? Then look no further than this opportunity to join our team! At the State of Connecticut, Department of Social Services (DSS), are seeking a highly skilled and detail-oriented Principal Cost Analyst to join our Division of Fiscal Services located in Hartford, CT. This key role is responsible for forecasting the financial impact of proposed changes to the State's health care programs and advising policymakers through data-driven analyses and fiscal recommendations that support critical organizational priorities. This is an exciting opportunity for an experienced financial professional to help oversee the management of more than $9 billion in annual funding and make a meaningful impact on communities across Connecticut. If you're ready to apply your expertise to shape the future of public health financing, explore the details below and take the next step in your career. Position Highlights: This is a full-time, 40 hour per week, first shift, hybrid position This role has a schedule of Monday-Friday, 8:00 am - 4:30pm

  • Conduct complex analyses to estimate costs associated with new or revised health care programs and the rates paid to providers.
  • Evaluate the fiscal impact of legislation, regulations, policy changes, and legal settlements related to Medicaid and other DSS health programs.
  • Provide fiscal feedback and technical guidance to Financial Management and Medical Policy leadership teams.
  • Perform independent research to interpret how federal and state statutes will affect the agency's budget.
  • Collect, analyze, and interpret financial and demographic data to develop robust budget projections.
  • Eight (8) years of experience in technical work in cost accounting or fiscal management.
  • NOTE: Fiscal management is defined as professional accounting or auditing work with responsibility for the review and recommendation of financial policies and procedures of a business organization.
  • One (1) year of the General Experience must have been in an advanced professional capacity recommending cost funding policies in a medical, intergovernmental or quasi-public setting.
  • NOTE: For state employees experience in an advanced professional capacity is interpreted at the level of an Associate Accountant. Intergovernmental is defined as interactions between a state government and the federal government or within or between state government(s).
  • College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
  • A Master's degree in accounting, business administration or hospital administration may be substituted for one (1) additional year of the General Experience.
  • Certification as a Certified Public Accountant may be substituted for one (1) additional year of the General Experience.
  • Experience reading and evaluating financial and programmatic impacts of changes to federal and state laws, statutes, and regulations.
  • Experience providing oral and written communication to diverse populations with varying skill levels.
  • Experience working independently and applying effective problem-solving skills.
  • Experience managing multiple projects and initiatives concurrently with shifting work priorities and compressed deadlines.
  • Advanced experience developing complex formulas, pivot tables, and conditional formatting.
  • Experience performing exploratory data analysis to identify financial trends, correlations, and anomalies.
  • Experience measuring business impact of models (ROI, cost savings, revenue growth, efficiency gains).
  • Ability to interpret complex organizational issues and develop innovative, data-driven solutions that support strategic objectives.
  • Professional growth and development opportunities.
  • A healthy work/life balance to all employees.
  • The State of Connecticut is an eligible Public Service Loan Forgiveness employer, meaning you may be eligible to have qualifying student loans forgiven after 10 years of service.
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