Financial Analyst III
About The Position
This job posting will be used to fill one Financial Analyst III (FA III) position in the Provider Finance Department. The FA III will work on Acute Care and Hospital financing related matters within the Provider Finance Department. Work involves compiling, reviewing, analyzing, and evaluating financial data; preparing reports and responding to inquiries; and recommending appropriate action to resolve financial and regulatory problems. Works under minimal supervision, with extensive latitude for the use of initiative and independent judgment. The FA III contributes to a variety of internal reports, studies or other deliverables containing analyses of fee for service (FFS) and managed care organization (MCO) data relevant to the understanding of utilization and billing trends. Performs tasks with minimal supervision and considerable latitude for the use of initiative and independent judgment. Prepares presentations for professional organizations, governmental entities, and the public to be given by executive agency staff, including detailed speaking notes that allow for the communication of complex concepts and findings into understandable narrative for different audiences. Ensures compliance with established procedures, requirements, laws, and regulations; completeness of data; and presence of adequate documentation. Other duties as assigned.
Requirements
- Knowledge of financial analyses and examination procedures for regulated entities, of financial and industry terminology and practices, and of statistical analysis.
- Skill in the use of a computer and applicable software, and in data modeling.
- Ability to perform and interpret numerical analyses; to interpret statutes; to analyze, evaluate, and summarize financial and management records for accuracy and conformance to procedures, rules, and regulations; to prepare reports and correspondence regarding findings; to communicate effectively.
- Graduation from an accredited 4-year college or university required.
Nice To Haves
- Experience in financial modeling, forecasting, or provider reimbursement preferred.
Responsibilities
- Performs complex financial analysis on HHSC program data related to reimbursement rates and supplemental payment programs for Medicaid and other client services providers.
- Drafts and determines methodologies for data acquisition and for large scale projects needing qualitative and quantitative analysis.
- Identifies best algorithms for data matching, and works with colleagues to extract data, determines methods for automating processes and matches data using complex programming and analytics methodology.
- Develops standard and ad-hoc reporting while also providing financial analysis support on special projects.
- Provides consultation and technical advice on research methods and techniques to staff on the research team and other analysts in the department.
- Develops and implements financial policies and procedures internal to the HHSC Provider Finance Department.
- Creates, evaluates, and may reviews models and methodologies; conducts highly complex analyses related to FFS and managed care organizations’ financial programs and reimbursement techniques.
- Reviews, analyzes, and evaluates the impact of legislation, regulations, and policies affecting reimbursement rates and healthcare finance, reports results and makes recommendations to Executive staff, including the Executive Commissioner and other key personnel biennially.
- Prepares reports and presentations on analyses results for other staff and department leadership on a routine basis.
- Prepares and may give oral presentations and reports on financial programs and initiatives to various provider and stakeholder organizations and to HHSC leadership.
- Communicates complex results in a manner that can be easily understood by various audiences.
- Represents programs in committees, regional workgroups, and projects to meet research and data analysis needs.
- Represents the state at the national level on research and data analysis issue.
- Provides input in the development and integration of new financial programs and procedures for calculating provider reimbursements.
- Other duties as assigned.
Benefits
- 100% paid employee health insurance for full-time eligible employees
- A defined benefit pension plan
- Generous time off benefits
- Numerous opportunities for career advancement
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What This Job Offers
Job Type
Full-time
Career Level
Senior
