Contract & Financial Compliance Analyst (CPA Preferred)

UMC Health System; United States; On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Healthcare benefits

Retirement benefits with employer match

PTO & extended illness

Job summary

UMC Health System is seeking a Contract & Financial Compliance Analyst to ensure oversight of contracts, perform financial analysis, and validate invoices. Responsibilities include interpreting complex agreements and preparing detailed analyses for management.

The ideal candidate holds a Bachelor’s degree in Accounting or Finance with 3–5 years of relevant experience, and is proficient in Excel and financial software.

Qualifications

• Minimum of 3–5 years of experience in accounting, financial analysis, or contract management.
• CPA or progress toward CPA preferred.

Responsibilities

• Review and interpret the Master Coordinating Agreement and associated contracts.
• Perform ongoing month‑over‑month analysis of contract activity.
• Support audit requests with organized documentation.

Skills

Financial analysis

Accounting principles (GAAP)

Advanced analytical skills

Communication skills

Proficiency in Excel

Education

Bachelor's degree in Accounting, Finance, or Business

Tools

Workday

Job description

Contract & Financial Compliance Analyst

Responsibilities

Contract Oversight & Compliance

• Review and interpret the Master Coordinating Agreement and all associated contracts, amendments, and exhibits.
• Maintain a detailed understanding of contract terms, including payment structures, deliverables, and expiration dates.
• Track key contract milestones, renewal timelines, and termination provisions.
• Partner with the Legal Department on contract interpretation, updates, and compliance matters.
• Serve as the central point of accountability for contract‑related quality assurance.

Invoice Review & Validation

• Receive and review invoices from TTUHSC for accuracy and completeness.
• Compare invoices against contract terms to ensure correct billing rates, services, and timing.
• Validate that all required supporting documentation is submitted and aligns with contractual requirements.
• Investigate and resolve discrepancies in collaboration with TTUHSC and internal stakeholders.
• Ensure all expected invoices are received timely and tracked appropriately.

Financial Oversight & Accounting Coordination

• Apply accounting knowledge to determine proper treatment of payments, including:
  • Identifying when payments should be recorded as expenses vs. accruals
  • Evaluating bonus or incentive payments for appropriate timing (accrual vs. payment)
• Work closely with Accounts Payable and General Ledger teams to ensure accurate financial reporting.
• Support audit requests by maintaining organized, complete documentation for all contract activity.

Analysis & Reporting

• Perform ongoing month‑over‑month analysis of contract activity, identifying trends, variances, and anomalies.
• Prepare quarterly contract analyses to evaluate financial performance against expectations.
• Conduct annual reviews comparing:
  • Budgeted versus actual expenditures
  • Contract performance by agreement and by provider
• Provide clear, concise reporting to leadership with actionable insights and recommendations.
• All other assigned duties as requested by assigned department.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business, or related field required.
• CPA or progress toward CPA preferred.
• Minimum of 3–5 years of experience in accounting, financial analysis, or contract management.

Required Licensures / Certifications / Registrations

• N/A

Knowledge, Skills, and Abilities

• Course study and preparation toward becoming a Certified Public Accountant is helpful.
• Ability to use spreadsheets, decision support and statistical software packages to accurately analyze financial data, spot trends, develop forecasts, and pro formas.
• Ability to analyze data, draw comprehensive conclusions, write reports, and create presentations.
• Strong ability to read, interpret, and apply complex contracts and legal agreements.
• Solid understanding of accounting principles (GAAP) and financial reporting concepts.
• Experience with accruals, expense recognition, and financial analysis.
• High attention to detail with strong organizational and documentation skills.
• Advanced analytical skills with the ability to identify trends, discrepancies, and risks.
• Proficiency in Excel and financial systems (e.g., Workday preferred).
• Strong critical thinking and problem‑solving abilities.
• Clear and effective communication skills, both written and verbal.
• Ability to collaborate cross‑functionally, including with Legal, Finance, and external partners.
• Self‑driven with a high level of accountability and ownership.

Interaction with Other Departments and Other Relationships

Will have daily interactions with department directors and senior level management for obtaining and reporting information used for decision making.

Physical Capabilities

Position requires prolonged periods of sitting at a desk, talking on a phone, and working on a computer. Essential hearing and near vision acuity required. Should be able to lift up to 20 pounds, push, pull, and stooping required at times.

Environmental / Working Conditions

Work area is in an office environment, well lit, and subject to varying indoor temperatures.

Benefits

• Resilience program
• Emotional, Physical, Spiritual, Financial, Career, Community
• On‑site professional counselors (EAP)
• Discounted pharmacy cost
• Cash retention bonus (only one in our region)
• Retirement benefits with employer match
• PTO & extended illness
• Medical, dental, and vision insurance
• Additional benefits available

Equal Employment Opportunity Statement

UMC Health System provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Request for accommodations in the hire process should be directed to UMC Human Resources.