Local Funding Financial Analyst

Job Description:
The Financial Analyst II position is selected by and responsible to the Director and Managers of the Provider Finance Department Local Funding Section. This role will perform high-level analyses on financial, statistical and other relevant data to monitor the financing structures that underlie local funding utilized as the non-federal share of Medicaid supplemental and directed payment programs. Prepares state-wide and local analyses of various aspects of local, state, and federal law to ensure ongoing compliance. The Financial Analyst II ensures the efficient design, modification and maintenance of provider data collection including analytical methods and procedures; highly complex computer applications, spreadsheets, and large databases used in the collection and analyses of data; and strategic operations and planning. Prepares summaries and reporting materials for federal auditors and identified areas of risk and potential roadblocks. Must be comfortable working on various projects including those with short-, mid-, and long-term goals and objectives; works well with a team within specified schedules, priorities, and standards for achieving established goals; and supports legislative related inquiries and analyses. Identifies potential areas of change and provides input on the development of alternative strategies and recommendations. The best fit for this role is someone that is able to adapt to change, think outside the box to modify current processes based on experience, and a self-starter.

 

Essential Job Functions:
Attends work on a regular and predictable schedule in accordance with agency leave policy and performs other duties as assigned.

Participates in ongoing management of surveys to collect financial and other data from identified entities for use in the assessment of local funds. Ensures instruments used by other teams collect sufficient information to support the assessment and monitoring of local funds and provides process improvement suggestions to streamline workflow. Provides technical assistance related to survey development, survey completion, policy guidelines and rule requirements. Participates in the development, modification and maintenance of complex computer programs, spreadsheets and large databases used in the collection, review, and analysis of financial data and uses findings as a tool to assess compliance with Federal and State statutes. Performs detailed research on the governmental entities who transfer the non-federal share of the Medicaid supplemental and directed payment programs. (15%)

Review financial examinations and financial analyses to evaluate regional and global program compliance with state or federal regulations. Participates in the interpretation of data analyses and data research to determine appropriateness of results; ensures that options and recommendations are feasible and adequately address compliance issues. (35%)

Prepares written briefing documents and other documents and presents findings related to the results of local fund assessments, audits, and reporting materials for team leadership. (25%)

Interfaces and communicates effectively with diverse groups, including other agency staff, governmental entities, medical/provider associations, workgroups, advisory committees, legislative staff, client advocates, attorneys, state/federal auditors, and interested parties and takes detailed notes to summarize information being discussed. Participates in public hearings; meetings and workgroups; and prepares materials for presentations regarding the assessment and reporting of local funds. (25%)
 

Knowledge Skills Abilities:

Knowledge of data analytics.

Knowledge of health and human services programs.

Knowledge of Medicaid reimbursement principles.

Knowledge of accounting principles.

Skill in the development and maintenance of complex computer applications, spreadsheets, and large databases.

Skill in interpersonal relationships, establishing and maintaining, effective working relationships.

Ability to manage projects effectively, including setting priorities and planning, organizing and coordinating the work of others.

Ability to develop, evaluate, implement and interpret policies, procedures and rules.

Ability to identify problems, evaluate alternatives, and implement creative solutions.

Ability to analyze complex and detailed accounting and reporting information.

Ability to exercise independent judgment, set priorities, meet deadlines and adapt to shifting technical and political developments.
 

Registration or Licensure Requirements:
 N/A

Initial Selection Criteria:
Bachelor's Degree Required. Experience in Provider Finance or applicable organization may be substituted for education on a one-to-one basis.

Required 2 years of experience as a financial examiner, financial analyst, or other data analyst.
 

Additional Information:

Job will offer partial telework option but will require weekly in-office work.  

Training will be available upon selection for Medicaid reimbursement principles and laws and guidance governing relevant areas.