Financial Analyst II

Agency

Dept of Health and Human Services

Division

HEALTH BENEFITS

Job Classification Title

Financial Analyst II (NS)

Position Number

60042529

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 supports the Provider Reimbursements Unit within the Finance Section of NC Medicaid by performing financial analyses, rate setting, and reimbursement support for assigned Medicaid programs.

This position contributes to the development and maintenance of reimbursement methodologies, including waivers and State Plan Amendments, while independently performing technical tasks following brief on‑the‑job training. It researches and interprets state and federal regulations and stays current with frequent policy and regulatory changes affecting program operations.

The Financial Analyst II includes conducting comparative analyses of cost information across individual facilities, peer groups, national datasets, and industry benchmarks. This position functions within a structured financial operations environment focused on accurate, compliant, and data‑driven reimbursement activities.

• Key Duties Include:
• – Perform financial analysis on assigned Medicaid providers to determine accurate and compliant payment rates.

– Support rate setting, waivers, State Plan Amendments (SPAs), and other reimbursement needs across multiple Medicaid programs.

– Independently complete assigned analytical tasks following brief job‑specific training and management direction.

– Research and interpret state and federal regulations relevant to Medicaid reimbursement programs and apply findings to analytical work.

– Monitor and incorporate frequent regulatory changes into reimbursement analyses and program documentation.

– Conduct comparative cost analyses using prior years’ facility‑level data, cross‑facility comparisons, national datasets, and industry benchmarks.

– Evaluate provider cost submissions and financial documentation to support data‑driven reimbursement decisions.

– Provide analytical support for reimbursement methodology refinement and policy updates as program needs evolve.

– Maintain accurate analytical records to support audit readiness and ensure consistency in reimbursement calculations.

– Serve as a resource to the unit by contributing regulatory research and analytical insight to support program operations.

Knowledge Skills and Abilities/Management Preferences

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

Recruitment Range: $55,221.00 - $72,100.00

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 experience applying in‑depth accounting theories and principles to produce interpretive or analytical accounting statements and reports supported by fiscal regulatory requirements.

Proven success interpreting, applying, and communicating fiscal regulations when analyzing financial information and supporting reimbursement‑related decisions.

Track record using strong analytical and problem‑solving skills to perform data analysis, forecasting, and financial modeling for program evaluation and reimbursement work.

Demonstrated intermediate or higher proficiency constructing and utilizing analytical spreadsheets—including formulas and data structures—to conduct and support financial analysis.

Established experience determining appropriate data elements for financial analysis by reviewing cost information, regulatory requirements, and program needs to inform accurate reimbursement outcomes.

REPOST - Previous Applicants Do Not Need To Reapply In Order To Be Considered For This Vacancy

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 .

Supplemental Contact Information:

The North Carolina Department of Health and Human Services (DHHS) is an Equal Opportunity Employer that embraces an Employment First philosophy, which consists of complying with all federal laws, state laws, and Executive Orders. We are committed to reviewing requests for reasonable accommodation at any time during the hiring process or while on the job. For more information about DHHS: https://www.ncdhhs.gov/ .

DHHS uses the Merit-Based Recruitment and Selection Plan to fill positions subject to the State Human Resources Act with the most qualified individuals. Hiring salary will be based on relevant qualifications, internal equity, and budgetary considerations pertinent to the advertised position.

In accordance with the Governor’s Executive Order 303 , our agency supports second-chance employment for individuals who were previously incarcerated or justice-involved. We invite all potential applicants to apply for positions for which they may be qualified.

Application Process

Be sure to complete the application in its entirety. Resumes will not be accepted in lieu of completing this application.

• •Information should be provided in the appropriate areas, to include the following: Education, including high school and all degrees obtained, Work Experience, and Certificates & Licenses. It is critical to our screening and salary determination process that applications contain comprehensive candidate information.
• •Answers to Supplemental Questions are not a substitute for providing all relevant information within the body of your application. To receive credit for the supplemental questions, you must provide supporting information within the "Work Experience" section of the application to support your answers.
• •If multiple applications are submitted to an individual posting, only the most recent application received prior to the closing date will be accepted. Applications must be submitted by 11:59 PM on the closing date.
• •Applican