Financial Analyst II

TX-HHSC-DSHS-DFPS • Austin, TX

1d • Hybrid

About The Position

Performs highly complex (senior-level) financial/fiscal monitoring of government, educational, non-profit and/or for-profit entities contracted to administer various programs for the Health and Human Services Commission (HHSC). Work involves the examination, investigation, and review of accounting records, financial statements, management practices, and internal controls to ensure compliance with federal and state laws and/or regulations as well as HHSC policies, regulations, and contract provisions. Work also involves the preparation of reports containing findings, recommendations, and corrective actions required of the contractor. In addition, the work involves providing technical assistance to HHSC contractors in all matters relating to financial compliance. Works under minimal supervision with considerable latitude for the use of initiative and independent judgment. Must be able to lead a monitoring team, oversee the work of others, and train new staff.

Requirements

• Knowledge of complex accounting systems, journals and source documentation required for compliance with contract language, state and federal regulations.
• Knowledge of financial analyses and examination procedures for regulated entities, of financial and industry terminology and practices, and of statistical analysis.
• Skill in computer operations, in applicable software, and in data modeling.
• Skill in Microsoft Office products, Superior skills in Excel and/or other data base programs.
• Ability to administer financial processes and systems
• Ability to perform and interpret numerical analyses
• Ability to interpret statutes, state and federal rules and regulations
• Ability to analyze, evaluate, and summarize financial and management records for accuracy and conformance to procedures, rules, and regulations
• Ability to prepare reports and correspondence regarding findings
• Ability to communicate effectively orally and in writing
• Ability to assign and/or supervise the work of others.
• Education: Bachelor’s degree in accounting, business administration, finance or related field from an accredited four-year college or university preferred.
• At least three years of experience in the area of accounting, financial/fiscal monitoring, auditing, program administration or, full-charge bookkeeping, or grants/contracts administration.
• Experience and Education may be substituted for one another on a year-for-year basis.

Nice To Haves

• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), or Certified Texas Contract Managers (CTCM) preferred.

Responsibilities

• Leads financial/fiscal monitoring reviews of government, educational, non-profit, and/or for-profit entities throughout Texas that are contracted to administer various programs for the HHSC.
• Exercises considerable initiative and independent judgment in identifying the issues unique to specific contractors and designing specific review procedures to address those issues based on analysis of input from program personnel, complaints or allegations from 3rd parties, contractors' past history, and preliminary review of documentation submitted by contractors prior to the financial reviews.
• Gathers, prepares, and organizes all working papers related to financial monitoring reviews in accordance with established HHSC standards Develops necessary financial summaries, schedules, and attachments needed to determine areas of compliance and/or non-compliance with federal and state laws, regulations, policies and/or procedures, or needed to support the findings of the review.
• Prepares comprehensive formal financial monitoring reports that detail the conclusions, findings, and recommendations of the reviews.
• Provides technical assistance (either verbally or in writing) to contractors and HHSC program personnel relating to financial compliance with federal and state laws and/or regulations, HHSC policies and/or procedures; provisions of the contract; allowability of costs; adequacy of financial system; or adequacy of internal controls over financial transactions.
• Participates in the development and/or modification of financial compliance policies and procedures relating to HHSC contractors.
• Participates in the maintenance of TeamMate procedures (Audit Steps, etc.) to keep fiscal reviews based on current needs and criteria used in examining financial documentation.
• Participates in the research and interpretation of relevant federal and state laws, regulations, policies, and procedures.
• Participates in the development and/or modification of HHSC financial reporting forms.
• Performs other related work as assigned.

Benefits

• comprehensive benefits package includes 100% paid employee health insurance for full-time eligible employees, a defined benefit pension plan, generous time off benefits, numerous opportunities for career advancement and more

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees