Financial Analyst I

North-Carolina-Department-of-Correction; North Carolina; On-site; USD 48,000 - 83,000; Full time

Job summary

North Carolina Department of Adult Correction is seeking a Financial Analyst I to support financial operations, ensure GAAP compliance, and assist in audits and reporting. The role focuses on accruals, year-end entries, cost reporting, and allocations to enhance fiscal accountability.

The position collaborates with multiple stakeholders, supports policy development, and ensures adherence to state and federal regulations while contributing to the integrity of the department’s financial data.

Qualifications

• Basic knowledge of the general principles of financial management, investment capital risk analysis, debt management, and generally accepted accounting principles and/or investment practices.
• Basic knowledge of current federal, state and local government programs.
• Basic problem-solving skills to interpret compliance and report findings to management.
• Basic project management skills to develop new processes based on changes in laws and regulations or industry practice.

Responsibilities

• Assist with preparation of the Annual Comprehensive Financial Report (ACFR).
• Assist with accrual process and year-end journal entries, worksheets and footnotes.
• Prepare various cost reports and monthly allocations for the department.
• Support EAGLE initiatives and Annual inventory reconciliations.
• Handle monthly bank reconciliations and related duties.
• Perform internal audits of payment transactions within healthcare operating systems.

Skills

Financial management

GAAP accounting

government programs knowledge

problem solving

project management

Education

Bachelor's degree in finance or related field

Job description

AgencyAdult CorrectionDivisionCOO - AdministrationJob Classification TitleFinancial Analyst I (NS)Position Number60075595GradeNC12About UsThe NC Department of Adult Correction is one of the largest state agencies with more than 14,000 employees. It is responsible for safeguarding and preserving lives and property through prevention, protection, and preparation as well as the care, custody, and supervision of all adults sentenced for violating North Carolina laws. This department includes state prisons with custody, healthcare, and facility operations staff as well as probation/parole officers who supervised sentenced people in the community. Other divisions include Administration, Health Services, Rehabilitation & Reentry, Special Operations and the Post-Release Supervision & Parole Commission. We have a mission that matters!Description of WorkUnleash your potential and join our team to make a significant impact!About UsThe NC Department of Adult Correction is one of the largest state agencies with more than 14,000 employees. It is responsible for safeguarding and preserving lives and property through prevention, protection, and preparation as well as the care, custody, and supervision of all adults sentenced for violating North Carolina laws. This department includes state prisons with custody, healthcare, and facility operations staff as well as probation/parole officers who supervised sentenced people in the community. Other divisions include Administration, Health Services, Rehabilitation & Reentry, Special Operations and the Post-Release Supervision & Parole Commission. We have a mission that matters!The primary purpose of the Department of Adult Correction Controller’s Office is to ensure that all department financial resources and funds are received, disbursed, recorded, and accounted for in accordance with all applicable State and Federal laws and regulations, Generally Accepted Accounting Principles (GAAP) and Department policy and procedures. The Controller’s Office at the agency level has oversight responsibility of the North Carolina Financial System in regard to transactions which affect the financial responsibility of this department and is accountable to the Office of the State Controller for the integrity of that data.This position assists with the preparation of the Department’s Annual Comprehensive Financial Report (ACFR), assisting with the accrual process, preparation of year end journal entries, worksheets, and footnotes. This position assists in the preparation of various required cost reports, monthly allocations for the Department, EAGLE (Enhancing Accountability in Government through Leadership and Education), Annual inventory, monthly bank reconciliations and other duties as assigned. Provides leadership and coordinates the development of and changes to fiscal policy, ensuring the Department’s fiscal policy follows all State and Federal laws and regulations. Position is to perform internal audits of payment transactions within the healthcare operating systems. This is accomplished by preparing planned reviews, reviewing business documents, and implementing processes aligned with business functions and practices for compliance and quality management. This position also identifies areas for cost avoidance, liaison for the section between agency & Claims Contractor, Division of Prisons Social Workers, other State agencies, and medical providers to assist in resolution of claims payment issues and/or accounting transactions within the department.Knowledge Skills and Abilities/Management PreferencesRecruitment Range: $47,703 - $83,479Knowledge, Skills and Abilities/Management PreferencesCandidates 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:• Basic knowledge of the general principles of financial management, investment capital risk analysis, debt management, and generally accepted accounting principles and/or investment practices.• Basic knowledge of current federal, state and local government programs.• Basic problem-solving skills to interpret compliance and report findings to management.• Basic project management skills to work as a team to develop new processes and procedures based upon changes in laws and regulations or industry practice.• Experience reviewing and documenting compliance with laws and regulations.Minimum Education and ExperienceSome 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 healthcare administration, accounting, banking, finance, business administration, economics, or a related discipline from an accredited institution or an equivalent combination of education and experience.Management Preference:• Candidates with two or more years of related healthcare International Classification of Diseases (ICD-10),Current Procedural Terminology (CPT)• Understanding of CPT codes, HCPCS codes, ICD-10 codes, comprehensive Healthcare Methodologies• Knowledge of Medicare and Medicaid rules (understandings)• at least 2 years of experience in the healthcare billing and reimbursement (preferable reimbursement side)EEO StatementT he 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:Lisa Warren ByrdEmail:[e-mail]