Principal Cost Analyst (Hybrid)

FOR ASSISTANCE IN APPLYING:

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BEFORE YOU APPLY:

• Meet Minimum Qualifications: Ensure you meet the Minimum Qualifications listed on the job opening by the job closing date. You must specify your qualifications on your application. The minimum experience and training requirements listed must be met by the close date on the job opening, unless otherwise specified.
• Educational Credits: List your earned credits and degrees from accredited institutions accurately on your application. To receive educational credits towards qualification, the institution must be accredited. If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the contact listed below by the closing date listed on the job posting.
• Resume Policy: Per Public Act 21-69, resumes are not accepted during the initial application process. As the recruitment process progresses, candidates may be required to submit additional documentation to support their qualification(s) for this position. This documentation may include: a cover letter, resume, transcripts, diplomas, performance reviews, attendance records, supervisory references, licensure, etc., at the request and discretion of the hiring agency.
• Preferred Shift/Location: Select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift.
• Timely Submission: All application materials must be received by the job posting deadline. You will be unable to make revisions once you officially submit your application to the State. Late submissions are rarely accepted, with exceptions only for documented events that incapacitate individuals during the entire duration of the job posting. Request exceptions by emailing DAS.SHRM@ct.gov.
• Salary Calculations: For current state employees, salary calculations are not necessarily comparable from one of the three branches of state government (i.e., Executive, Legislative, Judicial) to the other.

• Note: The only way to apply to this posting is via the ‘Apply’ or ‘Apply Online’ buttons on the official State of Connecticut Online Employment Center job posting.

AFTER YOU APPLY:

• Referral Questions: This posting may require completion of additional Referral Questions (RQs), which must be completed by the questionnaire’s expiration date. If requested, RQs can be accessed via an email sent to you after the job close date or by visiting your JobAps Personal Status Board (Certification Questionnaires section).
• Prepare For An Interview: Interviews are limited to those whose experience and training are most aligned with the role. To prepare, review this helpful Interview Preparation Guide to make the best impression!
• Stay connected! Log in daily to your JobAps Personal Status Board to track your status and check email (including spam/junk folders) for updates and tasks.
• The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.
• Note: This position will be filled in accordance with contractual language, reemployment, SEBAC, transfer, promotion and merit employment rules. Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State employees, available at www.ct.gov/ethics.

QUESTIONS? WE’RE HERE TO HELP:

Due to high volume, we are unable to confirm receipt or provide status updates directly. For recruitment updates, please check your Personal Status Board and review our Frequently Asked Questions. If you have additional questions about the recruitment process, reach out to Ethan Ives at Ethan.Ives@ct.gov.

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• Plans unit workflow and determines priorities;
• Schedules, assigns, oversees and reviews work;
• Establishes and maintains unit procedures;
• Provides staff training and assistance;
• Conducts or assists in conducting performance evaluations;
• Acts as liaison with operating units, agencies and outside officials regarding unit policies and procedures;
• May make recommendations on policies or standards;
• May prepare reports and correspondence;
• Performs related duties as required.

CONNECTICUT LOTTERY CORPORATION:

• Independently performs highly complex cost, revenue and financial analysis functions;
• Coordinates budget preparation process and develops recommendations as to budgeted levels for various revenue and expense categories and line items;
• Reviews accounts and records for budgetary control of corporate expenses and revenues;
• Performs complete general ledger accounting in accordance with Generally Accepted Accounting Principles (GAAP);
• Prepares periodic financial statements for various product groups and operating departments;
• Performs cost benefit and break-even analyses for lottery retailer incentive programs, marketing campaigns and consumer promotional programs;
• Makes recommendations regarding design and modification of incentive programs for entrepreneurial sales staff and monitors program results;
• Creates and applies meaningful expense and revenue allocation schemes using cost accounting principles;
• Provides financial, analytical and statistical feedback to assist in development of strategic sales and marketing plans;
• Analyzes prize liability and unclaimed prizes by game;
• Provides sales and cost analyses, using statistical methods, trends and curve extrapolations to assist management in formulation of corporate policy;
• Assists in compilation of financial data necessary for preparing detailed complex financial statements;
• Acts as liaison with operating units, other state lotteries and lottery associations;
• May lead staff as assigned;
• Performs related duties as required.

DEPARTMENT OF SOCIAL SERVICES:

• Monitors a team of accountants engaged in cost analysis work of determining per diem rates of reimbursement for Medicaid supported patients or carries out such responsibilities directly;
• Consults with and advises administrators of facilities in preparation and presentation of financial and cost finding reports;
• Analyzes and interprets cost reports and recommended reimbursement rates to administrators;
• Attends and participates in appeals hearings for purpose of performing continuous evaluation of cost trends by analyzing facility expenditures and/or adjustments of expenditures in terms of need, policies, financial objectives and legal requirements and recommends appropriate action;
• Performs related duties as required.

DEPARTMENT OF CHILDREN AND FAMILIES:

• Monitors a team of accountants engaged in any of the following tasks or carries out such responsibilities directly: cost analysis work of determining per diem rates of reimbursement for children in residential placement, group homes and fee for service rates;
• Consults with and advises administrators of facilities in preparation and presentation of financial and cost finding reports;
• Analyzes and interprets cost reports and recommended reimbursement rates to administrators;
• Attends and participates in appeal hearings for purpose of performing continuous evaluation of cost trends by analyzing facility expenditures and/or adjustments of expenditures in terms of need, policies, financial objectives and legal requirements and recommends appropriate action;
• Independently performs highly complex cost, revenue and financial analysis functions;
• Coordinates budget preparation process and develops recommendations as to budgeted levels for various revenue and expense categories and line items;
• Reviews accounts and records for budgetary control of expenses and revenues;
• Prepares periodic financial statements;
• Performs cost benefit and break-even analyses;
• Provides cost analyses using statistical methods, trends and extrapolations to assist management in formulation of financial and budgetary policy;
• Assists in compilation of financial data necessary for preparing detailed complex financial statements;
• Acts as liaison with operating units;
• Performs related duties as required.

DEPARTMENT OF MENTAL HEALTH & ADDICTION SERVICES:

• Leads team of professional technical staff engaged in cost analysis work of determining rates of reimbursement for behavioral health services;
• Performs highly complex cost, revenue and fiscal analysis work in determining rates of reimbursement;
• Negotiates rates with providers;
• Consults with and advises agency facilities on financial and cost finding reports;
• Analyzes and interprets cost and revenue reports and recommends reimbursement rates;
• Provides financial, analytical and statistical information to assist in budgeting and rate setting;
• Using statistical methods, trends and forecast models provides information to management;
• Assists in development of highly complex financial reports;
• Coordinates budget preparation process and develops recommendation as to budgeted levels for various revenue and expense categories and facility fund levels;
• Reviews accounts and records for budgetary control of expenses and revenues;
• Prepares detailed complex financial statements;
• May attend and participate in appeals hearings;
• May act as a liaison with operating units;
• Performs related duties as required.

OFFICE OF THE STATE COMPTROLLER:

• Monitors a team of accountants engaged in cost analysis, cost reporting or rate setting including preparation of cost allocation plans, determining reimbursement rates for fringe benefits on federal programs and preparing or advising on preparation and negotiation of indirect cost studies;
• Determines weekly per capita cost for patients in state institutions;
• Prepares Medicare cost reports or reviews and approves such cost reports for state hospitals;
• Coordinates Medicare reimbursement plans;
• Determines and negotiates interim Medicare billing rates and rates for Medicaid supported patients in state facilities;
• Maintains records;
• Performs continuing evaluation of cost trends, methods of cost determination and allocation, recommending action as required;
• Interprets constitutional and statutory provisions affecting state financial expenditures and revenues;
• Reviews accounts and records for budgetary control of state expenditures and revenues;
• Assists in compilation of financial data necessary for preparing detailed complex financial statements;
• Provides consultation to state agencies;
• Performs related duties as required.

• Considerable knowledge of
  • principles and practices of business administration;
  • principles and techniques of health care budgeting, budget control and cost accounting;
• Knowledge of research techniques and statistical principles and procedures;
• Considerable
  • interpersonal skills;
  • oral and written communication skills;
• Considerable ability to interpret costing and reporting regulations;
• Ability to utilize computer software;
• Supervisory ability.

• College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
• A Master's degree in accounting, business administration or hospital administration may be substituted for one (1) additional year of the General Experience.
• Certification as a Certified Public Accountant may be substituted for one (1) additional year of the General Experience.