Medicaid Financial Analyst

Req ID: 374549 

NTT DATA strives to hire exceptional, innovative and passionate individuals who want to grow with us. If you want to be part of an inclusive, adaptable, and forward-thinking organization, apply now.

We are currently seeking a Medicaid Financial Analyst to join our team in Chicago, Illinois (US-IL), United States (US).

NTT DATA is seeking a Medicaid Financial Analyst to join and support the IL MES Planning and Assessment Project Management team.

The Medicaid Financial Analyst will support the State of Illinois Department of Healthcare and Family Services (HFS) by providing analytical, financial management, and advisory services related to project budgeting, financial forecasting, and cost analysis. This role collaborates with stakeholders to ensure compliance with federal and state requirements while effectively managing financial documentation throughout the project lifecycle. The Financial Analyst will work closely with state client leadership, project teams, and federal partners (such as CMS) to facilitate business operations, funding requests, and financial reporting for Medicaid programs.

The position is remote, with the possibility of up to 25% travel to the client location in Springfield, Illinois.

Duties Include:

• Develop and maintain project budgets, track expenditures and ensure alignment with financial goals and objectives.
• Conduct financial analysis and reporting to support decision-making, including variance analysis and forecasting.
• Collaborate with internal and external project teams and stakeholders to understand project scope, financial requirements, and business needs.
• Support the development of funding requests and financial documentation for federal and state compliance.
• Collect, review, and analyze financial data to assist in the development of Independent Government Cost Estimates (IGCEs), cost benefit analysis (CBA), and analysis of alternatives (AoA) for advance planning documents (APD) and state budgeting requests.
• Prepare and present analytical reports, findings, and recommendations to support financial management throughout project(s) lifecycle.
• Ensure that all financial work products and deliverables meet technical, documentation, and quality standards.
• Participate in engagement with CMS and other federal/state agencies to ensure compliance with financial reporting requirements and foster collaborative working relationships.
• Manage client relationships and expectations by serving as a point of contact for financial-related activities.
• Provide recommendations on critical business and project financial decisions based on analytical insights.
• Participate in meetings to communicate project financial status, risks, and issues to stakeholders, including the client and federal government.
• Support continuous improvement of financial processes, personnel, and organizational systems related to budgeting and financial management.
• Review financial deliverables and processes for quality and completeness, ensuring adherence to project-identified processes and methodologies.
• Develop and submit financial reports as needed to the client and federal government.

Mandatory Qualifications:

• Bachelor’s degree or higher from an accredited college or university in Finance, Accounting, Business Administration or a related field; or four years of additional relevant experience in lieu of a degree.
• Minimum of 6 years’ experience in financial analysis, budgeting, and reporting, preferably within Medicaid or healthcare IT.
• Minimum of 3 years’ experience as a financial analyst supporting Medicaid system implementation projects and/or Medicaid business operations.
• Minimum 3 years of Proficiency in MS Office (Word, Excel, PowerPoint, Outlook), with advanced expertise in MS Excel for financial modeling and analysis.
• minimum 2 years experience with cost-benefit analysis and financial tracking/reporting.
• minimum 1 year reviewing financial deliverables and processes for quality and completeness.

Preferred Experience / Qualifications:

• Strong customer service and effective oral and written communication skills.
• Ability to work independently or as part of a team, demonstrating professionalism in deliverables and client interactions.
• Business Data Analytics Certificate, Cost Estimator/Analyst Certification, CPA License, or PMI Certified Associate in Project Management (CAPM) or Project Management Professional (PMP).
• Bachelor’s degree in a related field.
• Understanding of State Medicaid Manual, federal regulations, and financial compliance requirements.
• Three or more years’ experience working collaboratively with CMS State Officer(s), State Budget/Fiscal Officer(s) and/or equivalent agencies.
• Ability to communicate succinctly and accurately in written and verbal English.

Where required by law, NTT DATA provides a reasonable range of compensation for specific roles. The starting pay range for this remote role is $70,144 - $145,000. This range reflects the minimum and maximum target compensation for the position across all US locations. Actual compensation will depend on a number of factors, including the candidate’s actual work location, relevant experience, technical skills, and other qualifications. This position may also be eligible for incentive compensation based on individual and/or company performance. 
This position is eligible for company benefits including medical, dental, and vision insurance with an employer contribution, flexible spending or health savings account, life and AD&D insurance, short and long term disability coverage, paid time off, employee assistance, participation in a 401k program with company match, and additional voluntary or legally-required benefits.

About NTT DATA

NTT DATA is a $30 billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world's leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. our consulting and Industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 50 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is a part of NTT Group, which invests over $3 billion each year in R&D.

Whenever possible, we hire locally to NTT DATA offices or client sites. This ensures we can provide timely and effective support tailored to each client’s needs. While many positions offer remote or hybrid work options, these arrangements are subject to change based on client requirements. For employees near an NTT DATA office or client site, in-office attendance may be required for meetings or events, depending on business needs. At NTT DATA, we are committed to staying flexible and meeting the evolving needs of both our clients and employees. NTT DATA recruiters will never ask for payment or banking information and will only use @nttdata.com and @talent.nttdataservices.com email addresses. If you are requested to provide payment or disclose banking information, please submit a contact us form, https://us.nttdata.com/en/contact-us.

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