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Medicaid Fiscal Officer
Class Code:
FAC12C
Job Grade:
SPC08
Special Job Requirements:
Typical Functions:
Oversee the budget and fiscal operations of the Arkansas Medicaid program. Ensure that Medicaid funds are appropriately allocated, tracked, and spent according to state and federal guidelines. Lead the development, monitoring, and forecasting of the Medicaid program’s budget, ensuring that financial resources are efficiently allocated to support program goals. Work closely with senior leadership to address budgetary constraints and make necessary adjustments as needed. Prepare and present accurate financial reports related to Medicaid expenditures, funding, and cost projections to stakeholders, including state leadership and federal agencies. Ensure compliance with all reporting requirements, including state and federal Medicaid directives. Implement and monitor cost-saving initiatives within the Medicaid program, while maintaining a high level of service and compliance. Evaluate financial performance and identify areas for improvement or cost containment. Oversee Medicaid financial audits, ensuring that audits are conducted in compliance with both state and federal regulations. Work with auditors and other state agencies to resolve any discrepancies or issues identified during audits.
Knowledge, Abilities, and Skills:
Strong understanding of budget development, financial reporting, and analysis. Ability to manage large budgets, monitor expenditures, and make adjustments as necessary. In-depth knowledge of Medicaid policies, regulations, and financial systems, including the reimbursement process and federal funding mechanisms (e.g., Federal Medical Assistance Percentage, or FMAP). Ability to analyze complex financial data, interpret trends, and create reports that provide actionable insights to senior management and stakeholders. Ability to ensure that all financial transactions and processes are accurate, compliant, and properly documented.
Minimum Qualifications:
A bachelor’s degree in accounting, finance, business administration, or a related field, plus four (4) years of experience in fiscal management, accounting, or financial analysis is required.
Required Certificates:
N/A OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Exempt:
E