"Alerted.org

Principal Cost Analyst

Hybrid

Recruitment # 250925-6328AR-001

Location Hartford, CT

Date Opened 9/25/2025 11:00:00 AM

Salary $99,570* - $127,418/year (*New State Employees start at the minimum of the salary range)

Job Type Open to the Public

Close Date 10/3/2025 11:59:00 PM

Go Back Apply View Benefits (https://www.jobapscloud.com/CT/jobs/?b=Benefits)

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+ Introduction

Do you have experience in technical work in cost accounting or fiscal management ? Are you looking for a opportunity to make an impact? Then look no further than this opportunity to join our team!

At the State of Connecticut (https://portal.ct.gov/) , Department of Social Services ( DSS (https://www.connect.ct.gov/access/jsp/access/Home.jsp) ), we are recruiting for a full-time Principal Cost Analyst (https://www.jobapscloud.com/CT/specs/classspecdisplay.asp?ClassNumber=6328AR&R1=&R3=) . This role will be a part in Hartford CT.

Position Highlights:

+ This is a full-time, 40 hour per week, first shift, h ybrid position

+ This role has a schedule of Monday-Friday, 8:00 am - 4:30pm

Your Role As An Principal Cost Analyst (https://www.jobapscloud.com/CT/specs/classspecdisplay.asp?ClassNumber=6328AR&R1=&R3=) with DSS:

The position is responsible for the development and implementation of Medicaid reimbursement methodologies for hospital inpatient services, outpatient hospital services, Disproportionate Share Hospital (DSH) payments and hospital supplemental payments. The position is also responsible for Medicaid State Plan Amendments that are necessary to obtain Federal matching funds. Successful candidates will be required to consult with and advise administrators of hospitals, members of the state legislature, and state leadership regarding Medicaid hospital payment. Will be required to work with federal counterparts regarding Medicaid regulations and various statistical tests and required analysis. Experience in fiscal analysis, cost report and hospital expenditure analysis to support Medicaid policy outcomes and Department objectives. Ability to synthesize complex financial data and to clearly and effectively convey information both verbally and in writing, listen actively, and adapt communication style to different situations including but not limited to ability to draft regulations, and statute. Attend and participate in appeal hearings, statutory hearings, and administrative hearings. Required to oversee a team of accountants and financial managers in the administration of federally required DSH audits. The Certificate of Need and Rate Setting Unit works closely with all other sections within in the Department including Quality Assurance and Fiscal Divisions. Collaboration with other Divisions is required in the management of $2.5 billion in annual Medicaid hospital payments. This position requires the ability to work closely with members of the legislature, and other state agencies.

What’s In It For You:

+ Visit our new State Employee Benefits Overview (https://www.jobapscloud.com/CT/jobs/?b=Benefits) page!

+ Professional growth and development opportunities.

+ A healthy work/life balance (https://www.youtube.com/watch?v=y6n9M1Qd5fo) to all employees.

+ The State of Connecticut is an eligible Public Service Loan Forgiveness employer, meaning you may be eligible to have qualifying student loans forgiven after 10 years of service. Click here (https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service) for more information.

We hope you take this opportunity to continue your career and make an impaCT!

Selection Plan

FOR ASSISTANCE IN APPLYING:

Check out our Applicant Tips on How to Apply! Need more resources? Visit our Applicant Reference Library (https://portal.ct.gov/das/home/services-for-state-employees/statewide-human-resources/applicant-reference-library?language=en\_US) for additional support throughout the recruitment process.

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.

+ Resume Policy: Per Public Act 21-69 (https://www.cga.ct.gov/2021/act/pa/pdf/2021PA-00069-R00SB-00056-PA.pdf) , 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 [email protected].

+ 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 [email protected] .

Join the State of Connecticut and take your next career step with confidence !

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Connecticut Lottery Corporation, Departments of Children and Families, Developmental Services, Mental Health and Addiction Services, Social Services and Office of the State Comptroller this class is accountable for acting as a working supervisor over a team of technical personnel engaged in cost analysis or for independently performing highly complex cost analysis work.

EXAMPLES OF DUTIES

+ 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 DEVELOPMENTAL SERVICES:

+ Leads team of professional technical staff engaged in cost analysis work of determining rates of reimbursement for agency services;

+ Independently performs highly complex cost, revenue and financial analysis functions;

+ Analyzes and interprets cost reports and recommended reimbursement rates to administrators;

+ Performs cost benefit and break-even analyses for agency initiatives;

+ Provides financial, analytical and statistical feedback to assist in development of agency programs;

+ Acts as liaison with operating units, other state agencies and private providers;

+ 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.

KNOWLEDGE, SKILL AND ABILITY

+ 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.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Eight (8) years of experience in technical work in cost accounting or fiscal management.

NOTE: Fiscal management is defined as professional accounting or auditing work with responsibility for the review and recommendation of financial policies and procedures of a business organization.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in an advanced professional capacity recommending cost funding policies in a medical, intergovernmental or quasi-public setting.

NOTE: For state employees experience in an advanced professional capacity is interpreted at the level of an Associate Accountant. Intergovernmental is defined as interactions between a state government and the federal government or within or between state government(s).

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

+ 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.

PREFERRED QUALIFICATIONS

+ Experience performing highly complex cost, revenue and financial analysis functions in support of federal reporting requirements and for calculating Medicaid reimbursement rates for hospitals.

+ Experience analyzing claims data, provider financial data, and cost reports.

+ Experience interpreting and applying federal and state laws and regulations.

+ Experience establishing and maintaining cooperative working relationships with government and local agency representatives, interest groups, and the general public.

+ Experience working with legislative committees, with other state agencies and working collaboratively with various stakeholders.

+ Experience in Medicaid payment and financing policies such as fee-for-service, base and supplemental payment, global / bundled payment methods, and other hospital payment methodologies.

SPECIAL REQUIREMENTS

CONNECTICUT LOTTERY CORPORATION: Incumbents must obtain an occupational license in accordance with Section 12-802a of the Connecticut General Statutes.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all inclusive of every task and/or responsibility.

Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online