Financial Analyst

State Of North Carolina Raleigh , NC 27611

Posted 2 months ago

Description of Work


In furtherance of the Department of State Treasurer's existing ethics and transparency programs, this position is subject to the ethics and conflict of interest requirements of the Department of State Treasurer Supplemental Ethics Policy (Tier 2 Ethics Policy)


The North Carolina State Health Plan for Teachers and State Employees, a division of the Department of State Treasurer, provides health care coverage to more than 700,000 teachers and local school personnel, state employees, retirees, current and former lawmakers, state university and community college faculty and staff, and their dependents.

The Financial Analyst will:

  • Assist with analysis and evaluation of Plan revenues and expenditures, program information and performance measures.

  • Perform review of monthly financial reports for quality and to evaluate factors contributing to budget variance.

  • Prepare, review and analyze various vendor generated reports, including detailed reporting of membership, medical and pharmacy claims experience, cost and utilization trends, performance results.

  • Develop customized reports and summary presentations of findings and issues as needed.

  • Request data and perform review and analysis of output from the Data Warehouse to identify cost reductions, vendor inefficiencies, waste, fraud and abuse.

  • Assist with coordination and monitoring of services provided under actuarial and health benefits consulting services contracts.

  • Assist business owners in developing and drafting the scope of work for projects and studies, overseeing completion, setting project priorities, monitoring performance guarantees and reviewing deliverables and invoices for accuracy, completeness and timeliness.

  • Assist with coordination, management and tracking actuarial notes and required data.

  • Review actuarial forecasts, updates and alternate scenarios, studies, and projects to assess the appropriateness of underlying assumptions.

  • Evaluate methodologies and analytical results to ensure quality control and reasonableness.

  • Provide technical assistance to the Plan's Contract and Legal Compliance section in the development of contract documents and the procurement process.

  • Assist business owners with the development of performance measurers and cost proposals, reviewing financial payment provisions and performance guarantees, and evaluating proposals review return of investment methodologies and results for certain contracts and programs.

Knowledge, Skills and Abilities / Competencies

  • Knowledge and ability to understand and analyze actuarial forecasting methodologies.

  • Ability to analyze complex healthcare financial and programmatic issues and determine data needs, identify alternatives for consideration, and make recommendations.

  • Ability to extract, manipulate and categorize complex healthcare data and produce accurate output.

  • Ability to synthesize, summarize and present complex information clearly and concisely.

  • Ability to work independently with minimum supervision and actively participate in meeting organizational goals.

  • Ability to evaluate, assess and solve multi-dimensional problems.

  • Excellent verbal and written communication skills.

  • Proficiency in Microsoft Excel, Word and PowerPoint.

Management Preference:

  • Two years of experience in a healthcare or related field or an equivalent combination of education and experience.
  • 1 or more years of Revenue Cycle experience.

Minimum Education and Experience Requirements

Bachelor's in finance, healthcare administration, health policy, public administration, public policy, business administration, economics, accounting or related discipline and five years of experience in budget/financial analysis or forecasting.

Supplemental and Contact Information


This position is subject to a criminal history background check through CastleBranch. In addition, one or more of the following may also be reviewed, depending on the nature and requirements of the position: employment history, professional references, credit history, and educational verification (i.e., degree, license, or official transcript). Foreign degrees may require an official evaluation for U.S. equivalency. Applicants will be required to pass the background check to the satisfaction of the North Carolina Department of State Treasurer. All offers of employment are conditional until the satisfactory completion of the background check.

This office uses the Merit-Based Recruitment and Selection Plan to fill positions with highly qualified individuals. All applicants must complete and submit a State application for employment using the NEOGOV Online Job Application System ( for the State of North Carolina. To receive credit for your work history and credentials, you must list the information on the online application form. Any information omitted from the application cannot be considered in screening for qualifying credit. Attached or incorporated resumes (including Text resumes on application form) WILL NOT be used for screening for qualifying credit. Please make sure you complete the application in full. "See Resume" or "See Attachment" will NOT be accepted. Other attachments will also be accepted, but not used in screening for qualifying credit. Applicants may be subject to a criminal background check.

Due to the volume of applications received, we are unable to provide information regarding the status of your application over the phone. To check the status of your application, please log in to your account and click "Application Status". It is not necessary to contact the Human Resources Office to check the status of an application.

If you are having technical issues submitting your application, please call the NeoGov Help Line at 855-524-5627. If there are any questions about this posting, other than your application status, please email Dept of State Treasurer at

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Financial Analyst

State Of North Carolina