Financial Analyst III

Texas Health & Human Services Commission • Austin, TX

2d • $5,425 - $8,886

About The Position

The Texas Department of Family and Protective Services (DFPS) Financial Analyst III performs advanced, senior-level financial analysis, fiscal monitoring, and regulatory work related to the financial oversight of Single Source Continuum Contractors (SSCCs). The role administers financial processes and systems, reviews and evaluates financial data, prepares reports and correspondence, responds to inquiries, provides technical assistance, and recommends actions to resolve financial or regulatory issues. The position works under minimal supervision with considerable latitude for initiative and independent judgment and may supervise others.

The position develops and maintains financial oversight structures, procedures, tools, and resources for SSCC contracts and performance. It monitors SSCC financial activity, analyzes complex financial information and expenditure patterns, coordinates third-party financial reviews and studies, and supports compliant and accurate payments. The analyst also works with DFPS Finance on payment rate models, communicates findings and recommendations, helps SSCCs and Community Based Care (CBC) staff understand statutory requirements, and represents CBC at meetings. The position is based in Austin, Texas.

Requirements

• Bachelor’s degree from a college or university.
• Two years of experience in fiscal monitoring or auditing relevant to contracts, regulatory compliance, or fiscal compliance of government contracts.
• Knowledge of financial analysis and examination procedures for regulated entities, financial and industry terminology and practices, and statistical analysis.
• Skill in using a computer and applicable software, and in data modeling.
• Ability to administer financial processes and systems; perform and interpret numerical analyses; interpret statutes; analyze, evaluate, and summarize financial and management records for accuracy and compliance; prepare reports and correspondence regarding findings; communicate effectively; and supervise the work of others.
• Selected applicants must pass a background check and, if applicable, a driver’s record check.
• Employees must complete applicable security and cybersecurity training and follow agency cybersecurity and communications system usage policies.
• Staff must be familiar with WCAG 2.1 AA and Section 508 accessibility standards for creating accessible content.

Nice To Haves

• Certified Public Accountant (CPA), licensed by and in good standing with a state board of accountancy.
• Relevant professional designations, including CPA or Chartered Accountant (CA), and advanced degrees with major coursework in auditing, economics, accounting, finance, public policy, or related fields may substitute for one year of experience at the hiring manager’s discretion.

Responsibilities

• Develop and administer the overall financial oversight structure for SSCCs in support of the Community Based Care model.
• Develop procedures and tools for managing and administering the financial aspects of SSCC performance.
• Use current state and federal guidance, industry best practices, and standards related to performance-based monitoring.
• Develop and maintain a SharePoint repository of fiscal oversight tools, policies, and procedures.
• Prepare program and financial reports and correspondence to communicate differences between programmatic and financial objectives, and help bridge those differences.
• Work with agency Finance to analyze and develop payment rate models that adequately fund SSCCs while remaining consistent with legislative appropriations.
• Oversee the review, collection, organization, analysis, and preparation of financial information and reports regarding SSCCs.
• Monitor SSCC contract financial aspects and review and analyze related financial processes and systems.
• Prepare reports and correspondence on fiscal monitoring findings, provide technical assistance, and recommend remediation requirements to SSCCs when applicable.
• Ensure compliance with procedures, requirements, laws, and regulations, and ensure data completeness and adequate documentation.
• Develop and maintain the payment tracking system; create reporting templates, technical assistance guides, and tip sheets.
• Analyze SSCC fiscal performance and communicate results; prepare and submit accurate manual payments; analyze and report expenditure data and cost patterns.
• Represent Community Based Care at meetings and perform other related work as assigned.
• Coordinate third-party financial reviews, including data collection, financial modeling, reporting, and monitoring responses.
• Oversee and coordinate financial studies, audit reports, financial statements, and other financial analyses to develop findings, recommendations, and financial risk mitigation strategies.
• Review and analyze service usage for each SSCC system to identify trends, strengths, and weaknesses.
• Research technical questions regarding financial and regulatory compliance with applicable state and federal laws and regulations.
• Use the Texas Administrative Code, Uniform Grant Management Standards, and Office of Management and Budget Circulars to support regulatory compliance.
• Provide technical assistance to SSCCs and CBC staff regarding statutory requirements and communicate statutory non-compliance to a supervisor.

Benefits

• 100% paid health insurance for the employee and 50% paid for eligible family members.
• Retirement plans with lifetime monthly payments after five years of state service, with optional 401(k) and 457 savings plans.
• Paid vacation, holidays, and sick leave.
• Optional dental, vision, and life insurance at rates described as lower than most private plans.
• Flexible spending accounts for health and dependent care.
• Employee discounts, including gym memberships, electronics, and entertainment.
• May qualify for Public Service Loan Forgiveness.

What This Job Offers

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