Senior Financial Analyst

About the role

This job posting will be used to fill one Financial Analyst IV (FA IV) position in the Provider Finance Department. The FA IV reports to the Deputy Director of Acute Care and Hospital Financing in the Provider Finance Department. Work involves administering financial processes and systems; 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.

Responsibilities

• Performs complex financial analysis on HHSC program data related to reimbursement rates and supplemental payment programs for Medicaid and other client service providers.
• 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.
• Creates financial analysis and reporting, develops standard and ad-hoc reporting while also providing financial analysis support on special projects.
• Provides consultation to staff across the department on complex fiscal reviews.
• Develops and implements financial policies and procedures internal to the HHSC Provider Finance Department.
• Creates, evaluates, and may review 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 gives 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 work groups, and projects to meet research and data analysis needs.
• Represents the state at the national level on research and data analysis issues.
• Provides input in the development and integration of new financial programs and procedures for calculating provider reimbursements.

Requirements

• Graduation from an accredited 4-year college or university required.
• Experience in financial modeling, forecasting, or provider reimbursement preferred.
• Prior experience in finance or related position.

Knowledge, Skills and Abilities

• Knowledge of financial analyses and examination procedures for regulated entities, financial and industry terminology and practices, and statistical analysis.
• Skill in the use of a computer and applicable software, and in data modeling.
• Ability to administer financial processes and systems; 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 develop and evaluate policies and procedures; to communicate effectively; and to supervise the work of others.

Benefits

• 100% paid employee health insurance for full-time eligible employees
• Defined benefit pension plan
• Generous time off benefits
• Numerous opportunities for career advancement

Pay

$6,377.50 - $10,785.83 monthly

Schedule

Full time, exempt. Position is eligible for telework with two days in the office and three telework days per week. Total number of in-office days is subject to change at the direction of HHSC leadership.