Financial Analyst II

Location: Wake County, NC

Agency

Dept of Health and Human Services

Division

HEALTH BENEFITS

Job Classification Title

Financial Analyst II (NS)

Position Number

60042615

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 position supports financial management, analysis, and forecasting for the North Carolina Medicaid program, operating within the Health Financing and Economics section of NC Medicaid. It is responsible for preparing, reviewing, and disseminating weekly, monthly, quarterly, and annual summaries of Medicaid expenditures and revenues.

This role contributes to financial decision‑making by supporting analyses of the fiscal impacts of proposed Medicaid policy changes. It gathers, synthesizes, and organizes data necessary for developing the annual Medicaid budget forecast. The position reports to the Deputy Director for Health Financing and Economics and functions in a professional financial operations environment.

Key Duties Include

• Produce weekly, monthly, quarterly, and annual Medicaid expenditure and revenue summaries through consistent preparation, review, and dissemination of financial reports.
• Support financial management and forecasting efforts by conducting routine and ad‑hoc analyses of Medicaid spending patterns.
• Evaluate the financial impacts of proposed Medicaid policy changes using structured analytical methods and data-driven assessments.
• Collect, synthesize, and organize financial and programmatic data needed to support development of the annual Medicaid budget forecast.
• Maintain accuracy and completeness of financial reporting by applying strong attention to detail in all analytical workflows.
• Apply advanced Microsoft Excel proficiency to build, maintain, and validate financial models and expenditure tracking tools.
• Collaborate with internal and external stakeholders to share financial insights and support alignment across teams working on Medicaid financing.
• Develop clear written summaries and presentations that communicate financial findings and support leadership decision‑making.
• Utilize statistical software tools, when applicable, to support enhanced financial and data analysis for Medicaid programs.
• Incorporate familiarity with Medicaid program cost drivers and policy context into financial assessment and forecasting activities.

Knowledge Skills and Abilities/Management Preferences

Salary Grade Range: $55,221.00 - $96,639.00