Financial Analyst I

Texas Health & Human Services Commission • Austin, TX

5d • $4,263 - $5,521 • Onsite

About The Position

The Financial Analyst I performs financial monitoring of governmental, educational, nonprofit, and for-profit entities contracted to administer Department of State Health Services (DSHS) programs. The role examines accounting records, financial statements, expenditure documentation, management practices, and internal controls to assess compliance with federal and state laws and regulations, DSHS policies and procedures, and contract provisions. Financial compliance reviews include reconciliations, transaction testing, supporting-documentation review, issue research, and analysis of financial and programmatic information. The analyst develops financial summaries, schedules, workpapers, and supporting documentation to assess compliance and support monitoring results, findings, and recommendations. The position maintains review documentation in accordance with established standards and participates in meetings with contractors, grantees, and DSHS staff. Work is performed under moderate supervision, with latitude for initiative and independent judgment.

The position is based in Austin, Texas, and may require in-person work at DSHS Headquarters. Travel to contractor locations throughout Texas may be required up to 35%, including overnight and occasional weekend travel. The employee may also be assigned an alternate shift pattern and/or location to support disaster response, recovery, or Continuity of Operations activation.

Requirements

• Graduation from an accredited four-year college or university; experience may substitute for education on a year-for-year basis.
• Experience reviewing, researching, analyzing, reconciling, interpreting, evaluating, or documenting information for business, financial, programmatic, compliance, investigative, auditing, quality assurance, grant, contract, or other administrative activities.
• Experience using personal computers and Microsoft Office applications, including Word, Excel, and Outlook.
• Experience preparing written reports, summaries, correspondence, case documentation, workpapers, or other professional work products.
• Knowledge of accounting principles, financial management practices, and internal controls.
• Knowledge of financial monitoring, compliance review, and risk assessment concepts.
• Knowledge of grant and contract administration principles, financial reporting systems, accounting records, and financial statements.
• Knowledge of federal and state laws, regulations, policies, and procedures applicable to financial oversight activities, and general business practices and organizational operations.
• Skill in analyzing complex information; reviewing financial records and reports; identifying discrepancies; researching issues; and documenting conclusions.
• Ability to analyze financial records, review General Ledger activity, trace transactions to source documentation, and perform reconciliations and testing accurately.
• Ability to collect, organize, evaluate, and document information and maintain complete and accurate workpapers.
• Ability to prepare clear written materials, communicate effectively, establish working relationships, and complete multiple assignments within deadlines.
• Ability to travel up to 35% to contractor locations throughout Texas, including overnight and occasional weekend travel.
• Ability to report to and work in Austin, Texas, as required.

Nice To Haves

• Experience reviewing, analyzing, reconciling, or interpreting financial records, reports, transactions, or other complex data.
• Experience reviewing accounting records, financial statements, General Ledger activity, invoices, payroll records, expenditure documentation, or other supporting financial documentation.
• Experience with financial monitoring, compliance reviews, auditing, quality assurance reviews, internal controls, grant administration, contract administration, or related oversight activities.
• Experience researching issues, analyzing information from multiple sources, identifying discrepancies, and documenting conclusions.
• Experience preparing reports, workpapers, summaries, findings, recommendations, correspondence, or other professional written work products.
• Experience organizing, maintaining, and managing detailed records, supporting documentation, electronic files, or case management systems.

Responsibilities

• Conduct financial monitoring reviews of contracted governmental, educational, nonprofit, and for-profit entities.
• Examine and analyze accounting records, financial statements, expenditure documentation, management practices, and internal controls for compliance with applicable laws, regulations, policies, procedures, and contract provisions.
• Reconcile Financial Status Reports and other submitted financial reports to contractor General Ledgers and supporting accounting records.
• Review independently audited financial statements and other financial information to identify potential compliance concerns and areas requiring further review.
• Test expenditures, payroll, contractual costs, equipment purchases, matching funds, and other fiscal activities for accuracy, allowability, proper allocation, and compliance.
• Research identified issues, review supporting documentation, analyze relevant information, and gather information needed to complete assigned reviews.
• Develop financial summaries, schedules, analyses, and supporting exhibits documenting review results and supporting findings and recommendations.
• Prepare, organize, and maintain financial review workpapers in accordance with DSHS and Fiscal Monitoring Unit standards.
• Develop test sheets, review schedules, financial summaries, narratives, and other monitoring documentation; organize and maintain electronic files in designated systems.
• Draft explanations of review procedures and results and assist with monitoring reports and related correspondence.
• Ensure workpapers are complete, accurate, supported, and clearly document procedures, evidence, and conclusions.
• Assist in coordinating reviews, gathering requested information, tracking documentation, and completing follow-up activities.
• Participate in entrance conferences, review-related meetings, and internal team discussions.
• Coordinate travel arrangements and other logistics for assigned fieldwork and collaborate with team members to meet timelines.
• Maintain professional working relationships with contractors, grantees, DSHS staff, and other stakeholders.
• Participate in or support agency disaster response, recovery, or Continuity of Operations activation as assigned.
• Attend work on a regular and predictable schedule and perform other duties as assigned.

Benefits

• Insurance coverage and other benefits available through the State of Texas Group Benefits Plan administered by the Employee Retirement System of Texas (ERS).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level