Financial Analyst II

Job title: Financial Analyst II

Agency Dept of Health and Human Services Division HEALTH BENEFITS

Position Number 60042615

Grade NC15

About Us The North Carolina Department of Health and Human Services (DHHS) is one of the largest, most complex agencies in the state, and has 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 including individuals who are deaf, blind, developmentally disabled, and mentally ill, and helping poor North Carolinians achieve economic independence.

Description of Work The Financial Analyst II position supports financial management, analysis, and forecasting for the North Carolina Medicaid program, operating within the Health Financing and Economics section of NC Medicaid. It is responsible for preparing, reviewing, and disseminating weekly, monthly, quarterly, and annual summaries of Medicaid expenditures and revenues.

This role contributes to financial decision‑making by supporting analyses of the fiscal impacts of proposed Medicaid policy changes. It gathers, synthesizes, and organizes data necessary for developing the annual Medicaid budget forecast. The position reports to the Deputy Director for Health Financing and Economics and functions in a professional financial operations environment.

Key

Duties

Include:

• Produce weekly, monthly, quarterly, and annual Medicaid expenditure and revenue summaries through consistent preparation, review, and dissemination of financial reports.

• Support financial management and forecasting efforts by conducting routine and ad‑hoc analyses of Medicaid spending patterns.

• Evaluate the financial impacts of proposed Medicaid policy changes using structured analytical methods and data-driven assessments.

• Collect, synthesize, and organize financial and programmatic data needed to support development of the annual Medicaid budget forecast.

• Maintain accuracy and completeness of financial reporting by applying strong attention to detail in all analytical workflows.

• Apply advanced Microsoft Excel proficiency to build, maintain, and validate financial models and expenditure tracking tools.

• Collaborate with internal and external stakeholders to share financial insights and support alignment across teams working on Medicaid financing.

• Develop clear written summaries and presentations that communicate financial findings and support leadership decision‑making.

• Utilize statistical software tools, when applicable, to support enhanced financial and data analysis for Medicaid programs.

• Incorporate familiarity with Medicaid program cost drivers and policy context into financial assessment and forecasting activities.

• Knowledge Skills and Abilities/Management Preferences

• Salary Grade Range: $55,221.00 - $96,639.00

• Candidates now meet the minimum qualifications of a position if they meet the minimum education and experience listed on the vacancy announcement.

• The Knowledge, Skills, and Abilities (KSAs)/ Management Preferences are not required. Applicants who possess the following skills are preferred:

• Demonstrated expert-level proficiency using Microsoft Excel to build, audit, and maintain financial models supporting recurring Medicaid expenditure and revenue reporting.

• Documented history of producing high‑quality financial analyses and written summaries with minimal oversight, including regular reporting across weekly, monthly, quarterly, and annual cycles.

• Consistent application of advanced analytical techniques to evaluate the fiscal impacts of proposed Medicaid policy changes using structured, data-driven methods.

• Established success compiling and synthesizing large financial datasets to support development of Medicaid budget forecasts and related financial planning processes.

• Measurable experience using statistical software (such as SAS, R, Stata, or SPSS) at an intermediate level to enhance financial analysis and support data‑driven decision-making for Medicaid programs.

• The Posting Will Close At 11:59 P.M. The Night Before The End Date

• This Position Is Funded In Part Through Federal Funds

• This Position Is Eligible For A Hybrid Work Option

• EHRA: Per G.S. 126-5(c1) (37), This Position Is EXEMPT From All Provisions Of NC General Statute Chapter 126 (State Human Resources Act) With The Exception Of Articles 6 And 7.

About the NC Division of Health Benefits:

• 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.

• All positions in the Division of Health Benefits are exempt from the State Human Resources Act (G.S. 126) except for the provisions of Articles 6 and 7 per HB 372 Section 20.

Compensation and Benefits:

• The State of North Carolina offers excellent comprehensive benefits. Employees can participate in health insurance options, standard and supplemental retirement plans, and the NCFlex program (numerous high-quality, low-cost benefits on a pre-tax basis). Employees also receive paid vacation, sick, and community service leave. In addition, paid parental leave is available to eligible employees.

• Visit the website for State Benefits.

• ADA Accommodations

• Consistent with the Americans with Disabilities Act (ADA) and the Pregnant Workers Fairness Act (PWFA), DHHS is committed to the full inclusion of all qualified individuals. As part of this commitment, DHHS will ensure that people with disabilities, or known limitations covered by the PWFA, are provided with reasonable accommodation. If reasonable accommodation is needed to participate in the job application or interview process, please contact the person indicated below.

• Minimum Education and Experience

Experience

• Equivalency Guide for details.

• 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

• EEO Statement

• The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.