Financial Analyst II

State of North Carolina; North Carolina; Hybrid; USD 55,000 - 96,000; Full time

Benefits offered by this job

Hybrid work option

Job summary

The North Carolina Department of Health and Human Services (DHHS) is seeking a Financial Analyst II to support the Provider Reimbursements Unit within the Finance Section of NC Medicaid. You will perform financial analyses, rate setting, and reimbursement support for designated Medicaid programs.

You will contribute to developing reimbursement methodologies, analyze cost data, and interpret complex state and federal regulations, working in a data-driven environment with emphasis on accuracy and

Qualifications

• Demonstrated experience applying in-depth accounting theories and principles to produce interpretive or analytical accounting statements and reports.
• 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.

Responsibilities

• 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.

Skills

Accounting theory

Analytical reporting

Fiscal regulations

Data analysis

Forecasting

Financial modeling

Education

Bachelor’s degree in accounting, banking, finance, business administration, economics, or related discipline

Tools

Excel

Job description

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.

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.

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 aDD‑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 [e-mail]. 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 Walker

Contact

DHHS Workday Support Form