Financial Analyst

University of Texas at Austin • Texas, TX

3d • Onsite

About The Position

Responsible for payroll administration, accounting, compliance, reporting and analysis for the State of Texas and UT System Group Insurance programs. This role involves processing and ensuring the timeliness and accuracy of payroll deductions, managing the monthly benefit accounting closeout process, and reviewing insurance-related payroll processing reports. The Financial Analyst will coordinate with various departments and external entities to resolve issues, provide customer support, and analyze system requirements for compliance with laws and policies. Collaboration with team members to improve workflow efficiencies and testing/implementation of changes are also key aspects of the position. A significant part of the role includes reconciling consolidated bills and insurance remittance accounts, preparing adjusting entries, and ensuring financial integrity. The position also requires remitting premiums monthly for various group insurance programs and academic health plans.

Requirements

• Bachelor’s Degree in Finance, Accounting, or Business Administration
• At least 5 years of experience in finance or accounting
• Experience in planning, forecasting, and financial analysis
• Proven excellent customer service experience
• Excellent written and verbal skills
• Must be authorized to work in the United States on an ongoing, full-time basis for any employer without sponsorship.

Nice To Haves

• Master's degree

Responsibilities

• Process and ensure the timeliness and accuracy of payroll deductions.
• Responsible for monthly benefit accounting closeout process including reporting, vouchers and remittances for the UT System Group Insurance Programs for UT Austin employees, Retirees, Surviving Dependents and Graduate Student Fellows.
• Review insurance related payroll processing reports and run integrations as needed to support payroll processing.
• Coordinate with Human Resources, the UT-System Office of Employee Benefits, Academic Health Plans, and the eBITS technical team to resolve issues.
• Provide customer support related to payroll deductions.
• Process payroll adjustments and refunds for insurance adjustments.
• Analyze system requirements and business process changes needed to comply with laws and policies.
• Collaborate with team members to gain efficiencies in workflow.
• Help evaluate, test and implement changes as needed.
• Reconcile consolidated bill and insurance remittance accounts to the general ledger balance on a monthly basis, resolve issues, and prepare adjusting journal entries, payroll adjustments and refunds, as required, to ensure financial integrity and accuracy of employee records.
• Remit premiums monthly for the UT System Group Insurance Programs for UT Austin employees, Retirees, Surviving Dependents and Graduate Student Fellows.
• Remit premiums monthly for the Academic Health Plan for UT Austin graduate student employees and fellows.
• Other related duties as assigned.

Benefits

• Competitive health benefits (employee premiums covered at 100%, family premiums at 50%)
• Voluntary Vision, Dental, Life, and Disability insurance options
• Generous paid vacation, sick time, and holidays
• Teachers Retirement System of Texas: a defined benefit retirement plan
• Additional Voluntary Retirement Programs: Tax Sheltered Annuity 403(b) and a Deferred Compensation program 457(b)
• Flexible spending account options for medical and childcare expenses
• Robust free training access through LinkedIn Learning plus professional conference opportunities
• Tuition assistance
• Expansive employee discount program including athletic tickets
• Free access to UT Austin's libraries and museums with staff ID card
• Free rides on all UT Shuttle and Austin CapMetro buses with staff ID card

What This Job Offers

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