DIG CHIEF FINANCIAL OFFICER

Position Information

Summary

The Office of Medicaid Inspector General (OMIG) Chief Financial Officer is responsible for managing all fiscal aspects of the agency. This position is governed by state and federal laws, Generally Accepted Accounting Principles (GAAP), and agency/institution policy.

Functions

Provides general supervision of the work of a subordinate professional, para-professional, and administrative support staff engaged in financial activities by assigning and prioritizing work assignments, providing instructions, reviewing work performed, and evaluating employee performance. Monitors budgets and expenditures, provides approvals for transactions based on available budget and sponsoring agency restrictions, and monitors internal controls, procedures, and compliance issues for Medicaid fraud and reimbursement. Reviews, tracks, and monitors claims on provider and Medicaid overpayments. Prepares spreadsheets and database files from automated information systems, monitors purchasing procedures of departmental personnel, determines account responsibility for payment of expenditures, employees on purchasing and travel procedures, and interacts with management to develop new accounting procedures. Reviews, analyzes, and prepares reports designed to reflect aspects of the organization's fiscal status and prepares special and periodic reports for use in planning by upper level management. Provides technical assistance to management, staff, and the general public by providing information on regulations and procedures governing accounting practices and programs that comply with governmental regulations. Performs other duties as assigned.

Dimensions

None

Knowledge, Skills and Abilities

Knowledge of Generally Accepted Accounting Principles (GAAP). Knowledge of state and federal laws, rules, regulations, policies and procedures related to accounting and fiscal management, budget development and procurement and travel. Knowledge of manual and automated accounting systems. Knowledge of supervisory practices and techniques. Ability to supervise a subordinate professional, para-professional, and administrative support staff engaged in accounting activities. Ability to interpret and apply the provisions of laws, rules, and policies to accounting transactions. Ability to analyze financial information and prepare reports. Ability to provide guidance and technical assistance to management, staff, and the general public regarding accounting operations. Ability to monitor and evaluate the effectiveness of accounting systems and controls, identify problems, and devise corrective actions. Ability to communicate orally and in writing.

Minimum Qualifications

The formal education equivalent of a bachelor's degree in finance or accounting; plus four years of experience in accounting, financial management, fiscal administration, or a related area, including two years in a supervisory capacity. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. 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.

Licenses

None