Health Financial Analyst or Senior

Teacher Retirement System of Texas (TRS)•Austin, TX

5d•$73,790 - $122,768•Hybrid

About The Position

With the Health Division, you’ll be joining a passionate team of self-motivated change agents united by our mission: driving to design the delivery of high-quality healthcare for nearly three-quarters of a million active and retired Texas public educators. The healthcare industry is complex and we’re a team of problem-solvers who are up for the challenge. With a focus on innovation and collaboration to catalyze the market, we spend more than $4 billion annually on healthcare to make a difference in our members’ lives. With a career at TRS, you’ll be empowered through a culture of continuous learning, front-line decision-making, coaching and mentorship to shape the future of our work, while transforming healthcare delivery for 1 in 41 Texans. The Health Financial Analyst is responsible for performing detailed analysis of Health financial reports and healthcare vendor contracts. The incumbent will track and maintain health care related financial activities, provide data and reports on health care financials, and calculate and submit accounting entries and reconciliations. This position will proactively work with Health department staff, TRS agency employees, and external healthcare vendors and consultants. The Health Financial Analyst Senior is responsible for overseeing and producing healthcare benefits financial and accounting functions. The incumbent will be responsible for developing and monitoring health care related financial reports, prepare, review, and analyze various financial or benefit payment related reports, and perform complex accounting entries and reconciliations. This position proactively works with Health staff, healthcare vendors, and agency employees. This is a hybrid position in Austin, Texas and will be filled at one of two levels - Health Financial Analyst or Health Financial Analyst Senior. The selected candidate will be offered the position level that most closely matches their education and experience.

Requirements

Bachelor's degree from an accredited college or university in accounting, finance or a closely related field.
High school diploma or equivalent and additional full-time experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information or similarly related experience may be substituted on an equivalent year-for-year basis.
A master's degree or doctoral degree in a directly related field may be substituted on an equivalent year-for-year basis.
Four (4) years of full-time directly related, progressively responsible experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information.
Six (6) years of full-time directly related, progressively responsible experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, analysis of detailed financial information or similarly related experience. (Senior)
Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB), and Financial Accounting Standards Board (FASB) statements.
Analyzing detailed accounting records, troubleshooting associated problems, and interpreting and applying applicable laws, policies and procedures.
Proficient level skills for financial modeling and data analysis.
Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and completing detailed work with a high degree of accuracy.
Using a computer in a Windows environment with Microsoft Office word processing, spreadsheet, and other business software.
Advance proficiency in Excel, specifically with formulas.
Effective written and verbal communications, including explaining complex information to others in an understandable manner, and writing clear and precise policies, procedures, and correspondence.
Completing detailed work with a high degree of accuracy.
Meet frequent and multiple deadlines, manage conflicting priorities and demands, and adapt to changes in schedules and assignments.
Think critically, analyze problems, evaluate alternatives, and recommend effective solutions.
Establish and maintain harmonious working relationships with co-workers, agency staff, vendors and other external contacts and to work effectively in a professional team environment.
Learn new tools and concepts and apply them when necessary.
Work effectively in a professional team environment. Work effectively in a professional team environment.

Nice To Haves

Recent experience in accounting, business finance, auditing, or actuarial services.
Advanced degree in accounting, finance, or closely related field. (Senior)
CPA or working towards passing CPA examination. (Senior)

Responsibilities

Evaluates complex healthcare vendor contracts to understand key financial components.
Evaluates complex healthcare contracts and federal and state law to assess financial impact to healthcare plans. (Senior)
Analyzes healthcare vendor financial reports for financial accuracy and identifies discrepancies.
Identifies variances in key metrics and makes informed recommendations.
Develops and or performs financial analysis and recalculations that validate financial transactions between TRS and its healthcare vendors.
Works with vendors and other Health teams on financial recoveries and correcting errors. (Senior)
Provides financial data to support health care contract monitoring, procurements, and actuarial projections.
Works with vendors and/or senior staff on financial recoveries and correcting errors.
Prepares monthly and annual reconciliations between the general ledger and sub ledgers. (Senior oversees)
Calculates, submits, and tracks monthly and year-end general ledger journal entries.
Conducts research to resolve reconciliation discrepancies.
Performs complex calculations on healthcare financial transactions and determines accounting treatment.
Oversees and/or prepares monthly, quarterly, and annual financial statements with schedules and exhibits, and periodic and special management reports regarding accounting and fiscal activities. (Senior)
Performs a lead role in the preparation of the TRS Annual Comprehensive Financial Report (ACFR), including preparing or reviewing completed document for consistency of presentation and compliance with applicable standards. (Senior)
Conducts the review, interpretation, and implementation of new accounting standards and financial reporting requirements. (Senior)
Participates on accounting-related committees at an agency level. (Senior)
Creates and maintains dashboards and reports using PowerBI, and other business intelligence tools
Contributes to the preparation of the TRS Annual Comprehensive Financial Report (ACFR), including preparing or reviewing documentation for compliance with applicable standards.
Prepares monthly, quarterly, and annual financial statements with schedules and exhibits, and periodic and special management reports regarding accounting and fiscal activities.
Prepares departmental budget reports.
Performs related work as assigned.