Financial Analyst II
State of North Carolina · Wake County · $55,221–$96,639 (stated in the posting)
Agency
Dept of Health and Human ServicesDivision
HEALTH BENEFITSJob Classification Title
Financial Analyst II (NS)Position Number
60042529Grade
NC15About 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.
- Applicants may be subject to a criminal background check. All candidates selected for positions considered "Positions of Trust" will be subject to a criminal background check.
- Due to the volume of applications received, we are unable to provide information regarding the status of your application over the phone. To check the status of your application, please log in to your account. Upon the closing date, applications are "Under Review" and will be screened by Human Resources for qualified applicants. The hiring process may take several weeks.
- Degrees must be received from appropriately accredited institutions. Transcripts and degree evaluations may be uploaded with your application. The State of North Carolina/Office of State Human Resources uses the National Association of Credential Evaluation Services (NACES) as a referral resource for applicants who need to have their credentials certified as equivalent.
- For a list of organizations that perform this specialized service, please visit the NACES membership website at https://www.naces.org/members.
Degree/College Credit Verification
Degrees must be received from appropriately accredited institutions. Transcripts, degree evaluations, and cover letters may be uploaded with your application.
Veterans’ and National Guard Preference
- Applicants seeking Veteran's Preference must attach a DD-214 Member-4 Form (Certificate of Release or Discharge from Active Duty) to their applications.
- Applicants seeking National Guard Preference must attach an NGB 23A (RPAS), along with the state application, if they are a current member of the NC National Guard in good standing.
- Applicants who are former members of either the NC Army National Guard or the NC Air National Guard, with honorable discharge and six years of creditable service, must attach a copy of the DD 256 or NGB 22, along with the state application.
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.
CONTACT INFORMATION
If there are any questions about this posting, please contact Talent Acquisition at talentacquisition@dhhs.nc.gov. Resumes will not be accepted in lieu of completing this application.
Minimum Education and Experience
Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and 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.
Recruiter:
Tresha WalkerContact:
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