Portfolio Budget Manager (WMS2​/FSD

Portfolio Budget Manager (WMS2/FS)

This Portfolio Budget Manager manages a Medicaid budget of over $26 billion per biennium. This level of responsibility is ideal for a senior analyst looking to manage large-scale financial portfolios. This role involves creating financial models that shape legislative budgeting, Medicaid insurance rate setting, and policy decisions, allowing the analyst to directly influence how healthcare is delivered in Washington.

All HCA employees will apply an equity lens to their work, which may include but is not limited to all analyses of core business and processes.

This position is located within HCA's Financial Services Division (FSD), which in collaboration with other HCA divisions and a variety of external stakeholders and legislative partners, provides strategic financial expertise for Apple Health, Community Behavioral Health (CBH), PEBB and SEBB programs. In addition, FSD oversees the budget and compliance functions necessary to manage and monitor the single largest Washington State individual operating budget.

Functions include budget management, accounting, forecasting, professional and hospital rate setting, financial analysis, and payment/collection operations. This division maintains a close working relationship with agency program, policy, and clinical divisions to ensure financially sound implementation and monitoring of program strategies. It is also accountable to the Governor and legislature in ensuring HCA operates within its budget.

The Portfolio Budget Manager reports to the Budget & Analytics Section Manager and has overall responsibility to assist with the agency budget, projections, and budget projects. The position performs budget and program planning analysis for the agency with assistance to different divisions when necessary. This position is responsible for developing and monitoring budgets, requests, allotment processes, fiscal notes, projections, activity inventory, and assuring that processes are completed within Office of Financial Management (OFM) guidelines and meet all budgetary requirements as directed by the Budget & Analytics Section Manager.

In addition, this position is charged with monitoring expenditures against allotment to identify any fiscal issues for HCA management, program managers and stakeholders, and assures the fiscal information reported to OFM, legislature staff, and the federal government is accurate.

This position is eligible to part-time telework but is required to report on-site 1-2 days a week to meet business need. The default assigned work location of all Health Care Authority (HCA) positions – both on-site and telework eligible positions – is within the State of Washington. This position reports to Olympia, WA. Frequency of onsite work will vary based on business and operational needs.

All agency employees are required to report on-site in Olympia on their first and last days of employment to pick up and return state-issued equipment, regardless of telework status or location.

• Perform and provide complex analysis and financial modeling for decision packages under consideration by the HCA director, Chief Financial Officer, OFM, and legislature that outline issues with current funding and/or initiate policy proposals to address anticipated future needs.
• Create financial models and determine the fiscal impacts of legislative, policy, or rule making proposals put forth by the HCA or state or federal legislative bodies related to Medicaid managed care, including alternative scenarios of appropriate.
• Lead the development of modeling and strategies for sound fiscal projections to ensure adequate funding for agency programs.
• Coordinate with fiscal and programmatic staff internal and external to the HCA to ensure
  1) the accuracy of data and information presented in agency biennial and supplemental funding proposals and
  2) that budget policy objectives are met while furthering the strategic goals of the HCA.
• Represent the HCA Financial Services Division on interagency policy and data work groups.
• Communicate and coordinate with external and other internal agency staff, OFM and legislative staff, and…