Lead Financial Analyst II
NC Department of Health and Human Services, Raleigh, NC, United States
Overview
The North Carolina Department of Health and Human Services (DHHS) is one of the largest, most complex state agencies, with approximately 17,000 employees. It is responsible for ensuring the health, safety, and well-being of all North Carolinians and providing human service support for diverse populations, including individuals who are deaf, blind, developmentally disabled, or mentally ill, and helping low-income residents achieve economic independence.
Agency / Division / Job Details
Agency:
Dept of Health and Human Services
Division:
Health Benefits
Job Classification Title:
Financial Analyst II (NS)
Position Number:
60042594
Grade:
NC15
Description Of Work
The Division of Health Benefits is seeking a Financial Analyst III/Team Leader to lead complex federal reporting and Medicaid financial operations during a transformative period. This senior-level position is responsible for ensuring accuracy and compliance in CMS financial reporting (CMS-64, CMS-21, CMS-21B, CMS-37) and managing financial oversight for specialized programs including DSH, Healthy Opportunities, Managed Care capitation, supplemental payments, and Tribal Option. The role requires advanced technical expertise to coordinate high-stakes financial transactions, prepare federal expenditure analyses, and maintain compliance with CMS and DHHS standards. As a team leader and mentor, you will provide technical guidance to financial analysts, support cross-training initiatives, and help build unit capacity as North Carolina implements Managed Care transformation. This role manages $27+ billion in Medicaid funding while mentoring colleagues in a mission-driven environment.
Knowledge, Skills And Abilities / Management Preferences
Recruitment Range:
$83,186 - $93,186
Position is eligible for a hybrid-teleworking schedule to include weekly onsite work hours.
The Knowledge, Skills, and Abilities (KSAs) / Management Preferences are not required. Preferred skills include:
Federal Grant & Expenditure Analysis: ability to conduct federal budget alignment reviews, evaluate funding allocation accuracy across multiple cost pools or programs, and perform cash impact analyses to support federal draw calculations.
Managed Care Financial Operations: analyzing capitation payments, Medical Loss Ratio (MLR) calculations, liquidated damages, and other managed care financial mechanisms within Medicaid or similar programs.
Complex Program Financial Oversight: experience managing and reconciling multiple concurrent payment streams (DSH, supplemental payments like AUBP/WRAP, and value-based programs) across diverse stakeholders.
Team Leadership & Mentorship: provide technical guidance, training, and mentorship on complex accounting processes, federal compliance standards, and financial system workflows.
Advanced Financial Systems Proficiency: experience with enterprise financial systems (e.g., NCFS, SAP, PeopleSoft, Oracle Financials) for general ledger management, journal processing, reconciliation, and rapid adaptation to new platforms.
Posting Details
Posting closes at 11:59 p.m. the night before the closing date. Position is funded in part through federal funds.
About The NC Division Of Health Benefits
The Division of Health Benefits (DHB) within NCDHHS manages North Carolina Medicaid and related programs, with a budget over $27 billion in state and federal funds per fiscal year. DHB ensures reimbursement for more than 108,000 enrolled providers serving 3.1 million beneficiaries.
Compensation & Benefits
The State of North Carolina offers comprehensive benefits, including health insurance options, retirement plans, NCFlex benefits, and paid leave (vacation, sick, community service), with paid parental leave available to eligible employees.
Supplemental and Contact Information
DHHS is an Equal Opportunity Employer that embraces an Employment First philosophy and provides reasonable accommodation during the hiring process and on the job. For more information: https://www.ncdhhs.gov/
DHHS uses the Merit-Based Recruitment and Selection Plan. Hiring salary will be based on qualifications, internal equity, and budgetary considerations.
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.
Provide information in Education, Work Experience, and Certifications & Licenses. This supports screening and salary determination.
Answers to Supplemental Questions must be supported within the Work Experience section to receive credit.
If multiple applications are submitted, only the most recent will be accepted. Applications must be submitted by 11:59 PM the night before the closing date.
Applicants may be subject to a criminal background check. Positions of Trust require a background check.
Applications will be reviewed by Human Resources; status updates are not provided by phone. The hiring process may take several weeks.
Degrees must be from appropriately accredited institutions. Transcripts and degree evaluations may be uploaded with the application. NACES is used for credential evaluation as needed.
Minimum Education And Experience
Bachelor’s degree in accounting, banking, finance, business administration, economics, or related discipline from an accredited institution plus 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 committed to a work environment free from unlawful discrimination or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities, including pregnancy-related accommodations.
Contacts
Recruiter:
Tandrea Lanae Jones
Email:
talentacquisition@dhhs.nc.gov
#J-18808-Ljbffr
The North Carolina Department of Health and Human Services (DHHS) is one of the largest, most complex state agencies, with approximately 17,000 employees. It is responsible for ensuring the health, safety, and well-being of all North Carolinians and providing human service support for diverse populations, including individuals who are deaf, blind, developmentally disabled, or mentally ill, and helping low-income residents achieve economic independence.
Agency / Division / Job Details
Agency:
Dept of Health and Human Services
Division:
Health Benefits
Job Classification Title:
Financial Analyst II (NS)
Position Number:
60042594
Grade:
NC15
Description Of Work
The Division of Health Benefits is seeking a Financial Analyst III/Team Leader to lead complex federal reporting and Medicaid financial operations during a transformative period. This senior-level position is responsible for ensuring accuracy and compliance in CMS financial reporting (CMS-64, CMS-21, CMS-21B, CMS-37) and managing financial oversight for specialized programs including DSH, Healthy Opportunities, Managed Care capitation, supplemental payments, and Tribal Option. The role requires advanced technical expertise to coordinate high-stakes financial transactions, prepare federal expenditure analyses, and maintain compliance with CMS and DHHS standards. As a team leader and mentor, you will provide technical guidance to financial analysts, support cross-training initiatives, and help build unit capacity as North Carolina implements Managed Care transformation. This role manages $27+ billion in Medicaid funding while mentoring colleagues in a mission-driven environment.
Knowledge, Skills And Abilities / Management Preferences
Recruitment Range:
$83,186 - $93,186
Position is eligible for a hybrid-teleworking schedule to include weekly onsite work hours.
The Knowledge, Skills, and Abilities (KSAs) / Management Preferences are not required. Preferred skills include:
Federal Grant & Expenditure Analysis: ability to conduct federal budget alignment reviews, evaluate funding allocation accuracy across multiple cost pools or programs, and perform cash impact analyses to support federal draw calculations.
Managed Care Financial Operations: analyzing capitation payments, Medical Loss Ratio (MLR) calculations, liquidated damages, and other managed care financial mechanisms within Medicaid or similar programs.
Complex Program Financial Oversight: experience managing and reconciling multiple concurrent payment streams (DSH, supplemental payments like AUBP/WRAP, and value-based programs) across diverse stakeholders.
Team Leadership & Mentorship: provide technical guidance, training, and mentorship on complex accounting processes, federal compliance standards, and financial system workflows.
Advanced Financial Systems Proficiency: experience with enterprise financial systems (e.g., NCFS, SAP, PeopleSoft, Oracle Financials) for general ledger management, journal processing, reconciliation, and rapid adaptation to new platforms.
Posting Details
Posting closes at 11:59 p.m. the night before the closing date. Position is funded in part through federal funds.
About The NC Division Of Health Benefits
The Division of Health Benefits (DHB) within NCDHHS manages North Carolina Medicaid and related programs, with a budget over $27 billion in state and federal funds per fiscal year. DHB ensures reimbursement for more than 108,000 enrolled providers serving 3.1 million beneficiaries.
Compensation & Benefits
The State of North Carolina offers comprehensive benefits, including health insurance options, retirement plans, NCFlex benefits, and paid leave (vacation, sick, community service), with paid parental leave available to eligible employees.
Supplemental and Contact Information
DHHS is an Equal Opportunity Employer that embraces an Employment First philosophy and provides reasonable accommodation during the hiring process and on the job. For more information: https://www.ncdhhs.gov/
DHHS uses the Merit-Based Recruitment and Selection Plan. Hiring salary will be based on qualifications, internal equity, and budgetary considerations.
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.
Provide information in Education, Work Experience, and Certifications & Licenses. This supports screening and salary determination.
Answers to Supplemental Questions must be supported within the Work Experience section to receive credit.
If multiple applications are submitted, only the most recent will be accepted. Applications must be submitted by 11:59 PM the night before the closing date.
Applicants may be subject to a criminal background check. Positions of Trust require a background check.
Applications will be reviewed by Human Resources; status updates are not provided by phone. The hiring process may take several weeks.
Degrees must be from appropriately accredited institutions. Transcripts and degree evaluations may be uploaded with the application. NACES is used for credential evaluation as needed.
Minimum Education And Experience
Bachelor’s degree in accounting, banking, finance, business administration, economics, or related discipline from an accredited institution plus 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 committed to a work environment free from unlawful discrimination or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities, including pregnancy-related accommodations.
Contacts
Recruiter:
Tandrea Lanae Jones
Email:
talentacquisition@dhhs.nc.gov
#J-18808-Ljbffr