Financial Analyst III

State of Oklahoma; Oklahoma; On-site; USD 21,000 - 27,000; Full time

Benefits offered by this job

Generous state-paid benefit allowance

Flexible Spending Accounts

Retirement Savings Plan

11 paid holidays annually

15 days of vacation

15 days of sick leave

Longevity Bonus

Public Service Loan Forgiveness

Tuition reimbursement

Wellness benefits

Job summary

The Oklahoma Health Care Authority (OHCA) seeks a Financial Analyst III to administer complex hospital payment programs and related cost analyses. You will review expenditures, reconcile payments, and compile fiscal reports under the SHOPP Act and DSH provisions.

Working under the Financial Management team, you will liaise with hospitals and agency staff, ensuring accurate data and timely processing of supplemental payments. This is a full-time, on-site role in Oklahoma City.

Qualifications

• Knowledge of financial and program administration principles, Medicaid reimbursement methodologies, fiscal reporting.
• Ability to interpret policies and procedures, manage multiple priorities and deadlines.
• Experience with cost reporting and financial analysis in a public-sector context is a plus.

Responsibilities

• Review and analyze cost reports, assessments, and payments.
• Prepare administrative, fiscal, and statistical reports related to SHOPP, DSH, and other payments.
• Interact with hospitals and agency staff to resolve discrepancies and gather information.

Skills

Financial analysis

Medicaid reimbursement

Data interpretation

Education

Bachelor’s degree in Accounting, Finance, Business or closely related field

Tools

MS Office (Word, Mail Merge)

Excel

Access

Business Objects

Job description

Job Posting End Date

Refer to the date listed at the top of this posting, if available. Continuous if date is blank.

Job Posting Title

Financial Analyst III

Agency

807 HEALTH CARE AUTHORITY

Supervisory Organization

Financial Management

Job Posting End Date

Refer to the date listed at the top of this posting, if available. Continuous if date is blank.

Note: Applications will be accepted until 11:59 PM on the day prior to the posting end date above.

Full/Part-Time

Full time

Job Type

Regular

Compensation

$24.711538/hour

Why You’ll Love Working Here

At the Oklahoma Health Care Authority (OHCA), your work matters. Every day, our team helps ensure Oklahomans have access to better health and better care. Guided by our core values, Passion for Purpose, Trust & Transparency, Empowerment & Accountability, Best-in-Class, Outcome-Driven, and Servant Leadership, we foster a workplace where people feel supported, respected, and empowered to make an impact. Learn more about OHCA.

Let’s Talk Benefits

• Generous state-paid benefit allowance to offset insurance premiums.
• A wide selection of insurance plans with no pre-existing condition exclusions.
• Flexible Spending Accounts for health care and dependent care.
• Retirement Savings Plan with employer contributions.
• 11 paid holidays annually.
• 15 days of vacation and 15 days of sick leave in the first year.
• Longevity Bonus recognizing years of public service.
• Public Service Loan Forgiveness eligibility and tuition reimbursement.
• Wellness benefits, including an on-site gym and fitness center discounts.

Location

4345 N Lincoln Blvd, Oklahoma City, OK 73105

Salary

$24.711538/hour

Work Schedule

Monday - Friday

Primary Hours

8:00 a.m. - 5:00 p.m.

Agency/Division Information

The Oklahoma Health Care Authority (OHCA) works to ensure Oklahomans have access to better health and better care. The agency’s core values include passion for purpose, trust and transparency, empowerment and accountability, best in class and outcome-driven, and servant leadership. As part of the interview process, candidates may be required to attend an in-person interview at our Oklahoma City office.

Position Purpose

Under direction of the Financial Management Reimbursement Manager, this position is responsible for administering activities outlined in the Supplemental Hospital Offset Payment Program (SHOPP) Act (HB 1381), the Disproportionate Share Hospital (DSH) payment program, and other supplemental payments. This position performs complex work of a broad and diversified nature including the review and analysis of assessments, creating and verifying expenditures as well as reconciling payments and tracking other information related to the adjudication of the SHOPP Act, DSH, and other supplemental payments. Incumbents in this class are assigned a wide range of responsibilities ensuring that required actions are completed to review and investigate cost reports, assessments and possible discrepancies. Employees may be assigned primary responsibility for performing various quality control functions to ensure that transactions are processed and completed in accordance with federal or agency guidelines.

Essential Functions May Include

• Works with Hospital Advisory Committee and Health Policy Staff to promulgate rules and regulations.
• Primary contact for Oklahoma hospitals to resolve any concerns or issues that may arise regarding assessment and access payments.
• Works as a liaison between the OHCA and the Hospital Advisory Committee.
• Assists in determining which hospitals shall be included in and excluded from the SHOPP Act, DSH, and other supplemental payments.
• Assists in reviewing and determining the amount of annual assessments.
• Enters expenditures of access payments.
• Tracks and maintains a database of assessments and payments assuring all activities occur in a timely fashion.
• Prepares administrative, statistical and/or fiscal reports and documents pertaining to the SHOPP, DSH, and other supplemental payments. Presents reports to management or interested parties.
• Attends meetings with agency personnel and other officials.
• Initiates contact with hospitals to solicit information, correct errors or omissions on cost reports, and to investigate questionable data.
• Assists in the design, testing and implementation of system changes. Identifies system discrepancies and recommends ongoing maintenance of system changes or changes needed to implement new policy.
• Responds to non-routine or complex oral and written inquiries regarding assessments, payments, and other financial transactions related to the SHOPP Act, DSH, and other supplemental payments.
• Explains policy and procedure for Medicaid related to the SHOPP Act, DSH, and other supplemental payments to hospitals, agency staff, and interested parties.
• Other duties as assigned.

Supervisory Responsibilities

This position does not supervise.

Knowledge, Skills, Abilities And Competency Requirements

Knowledge of financial and program administration principles, Medicaid reimbursement methodologies, fiscal reporting, and applicable federal and state regulations; skill in analyzing complex financial data, reviewing cost reports and assessments, identifying discrepancies, maintaining accurate records, and preparing clear fiscal and statistical reports; and the ability to interpret and apply policies and procedures, manage multiple priorities and deadlines, investigate and resolve complex issues, communicate technical information effectively, and establish productive working relationships with hospitals, agency staff, and other stakeholders. Key Korn Ferry competencies include Manages Complexity, demonstrated through evaluating multifaceted financial and program information; Ensures Accountability, demonstrated through maintaining accuracy, compliance, and timely completion of assessments and payments; and Communicates Effectively, demonstrated through explaining complex policies, responding to inquiries, presenting information, and serving as a liaison with internal and external partners.

• To be considered for this position your application must include a resume/CV with complete work and education history.

Education And/or Experience

• Bachelor’s degree in Accounting, Finance, Business or closely related field OR
• 4 years of experience in technical, administrative, or fiscal related work OR
• An equivalent combination of education and experience.

Preference Qualifications Include

• SoonerCare experience;
• Cost reporting experience;
• ICE experience, specifically Provider and Financial subsystems;
• Clerical experience in a professional setting;
• Bilingual fluency;
• Experience with MS Office; specifically Word (Mail Merge), Excel and Access.
• Experience with Business Objects.

Physical Demands and Work Environment

Work is typically performed in an office setting with climate-controlled settings and exposure to moderate noise levels. In the course of performing job duties, employees are required to speak, stand, walk, and reach with their hands and arms. This position requires extended periods of sitting and daily use of computers and phones. Employees must be willing to complete all job-related travel associated with this position. Being present at the office is an essential function of this position.

Accommodation Statement

The Oklahoma Health Care Authority complies with applicable State and Federal civil rights laws and does not discriminate. All qualified applicants will receive consideration for employment without regard to race, color, sex, religion, disability, age, national origin, or genetic information. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Civil Rights Coordinator at 405-522-7335.

Notice To Applicants

Please add [e-mail] to the address book or “safe-senders” list in your email. All correspondence will come from this address. Be sure to check your junk folder. If you have questions about the status of your application, you can contact the HR team at 405-522-7093.

Current State of Oklahoma employees must apply for open positions internally through Workday Jobs Hub.

Equal Opportunity Employment

The State of Oklahoma is an equal opportunity employer and does not discriminate on the basis of genetic information, race, religion, color, sex, age, national origin, or disability.

Current active State of Oklahoma employees must apply for open positions internally through the Workday Jobs Hub.