Senior Financial Analyst (FA III)

Date: Sep 11, 2026

Location: Austin, TX

About the role

The Texas Health and Human Services Commission (HHSC) Medicaid CHIP Services (MCS) division seeks a Senior Financial Analyst (FA III) to assist in the review, analysis, and evaluation of complex financial data. The role involves advanced financial analysis of Managed Care Organization (MCO), Dental Maintenance Organization (DMO), and Medicare‑Medicaid Plan (MMP) self‑reported data, preparing reports, responding to inquiries, and recommending actions to resolve complex financial issues. The analyst works under minimal supervision with extensive latitude for initiative and independent judgment, leveraging institutional knowledge of Medicaid and the unique complexities of Medicaid/CHIP.

Essential Job Functions

• Works collaboratively across MCS to identify innovative and effective solutions for clients and staff. (65 % of time)
• Completes tasks and responds to inquiries related to the Financial Statistical Report (FSR) life cycle: FSR review, reconciliation, experience rebate calculation, and experience rebate allocation. (15 % of time)
• Analyzes and reviews other financial deliverables such as claims lag reports, annual financial deliverables, and ad‑hoc financial deliverables. (10 % of time)
• Analyzes and reviews material subcontracts, including financial impact assessments for managed‑care contracts and cost‑data extraction for use in FSR reconciliations. (10 % of time)
• Handles special requests and questions received by the financial reporting team, including open records requests, internal and external HHS requests, and MCO inquiries. (Remaining time)

Knowledge, Skills, and Abilities

• Knowledge of financial analyses and examination procedures related to managed‑care entities, financial and industry terminology, and statistical analysis.
• Skill in using computers and applicable software (Microsoft Excel, etc.) and in data modeling.
• Ability to perform and interpret numerical analyses; interpret statutes; analyze and summarize financial and management records for accuracy and conformance to procedures, rules, and regulations; prepare reports and correspondence; communicate effectively; and provide guidance to others.
• Ability to supervise the work of others, administer financial processes and systems, work collaboratively across MCS, focus keenly on detail, implement creative solutions, balance team and individual responsibilities.

Initial Screening Criteria

• At least three years of experience in financial analysis.
• Graduation from an accredited four‑year college or university (experience and education may be substituted for one another).
• Experience with Microsoft Excel (preferred).
• Major coursework in accounting or finance is preferred.
• Experience with Power BI.

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

Salary range: $5,425.33 – $8,886.16 per month (pay frequency: monthly). Salary group: TEXAS‑B‑24. Position is non‑exempt.

Schedule

Shift: Day (first shift). Telework: Up to 5 % of work time may be performed remotely, subject to performance, agency, legislative allowances, and supervisor discretion.

Additional Information

• Telework opportunities may be available depending on performance, agency and legislative allowance, and other factors.
• Active‑duty military, reservists, guardsmen, and veterans are encouraged to apply.
• Reasonable accommodations are provided in compliance with the Americans with Disabilities Act (ADA) during the hiring and selection process.
• Pre‑employment background checks and E‑Verify will be required; I‑9 documentation must be presented on the first day of work.