Senior Financial Analyst (FA III)

Your Texas Benefits; Austin (TX); Hybrid; USD 61,000 - 99,000; Full time

Benefits offered by this job

Health insurance

Pension plan

Time off

Career growth

Job summary

Texas Health and Human Services Commission (HHSC) Medicaid CHIP Services seeks a Senior Financial Analyst to perform advanced financial analysis on MCO/DMO/MMP data, prepare reports, and respond to inquiries. The role requires independence, teamwork, and strong analytical skills within the FRAC team.

The position emphasizes integrity, accountability, and continuous growth, with telework potential and a structured career path.

Qualifications

• At least three years of experience in financial analysis.
• Graduation from an accredited four-year college or university; education may substitute for experience.
• Experience with Microsoft Excel and data analysis.

Responsibilities

• Review, analyze, and evaluate complex financial data across MCO/DMO/MMP self-reported data.
• Prepare reports and respond to inquiries; recommend actions to resolve issues.
• Lead financial analysis under minimal supervision with initiative and judgment.
• Contribute to cross-team collaboration to achieve objectives.
• Maintain attention to detail and integrity in financial processes.

Skills

Financial analyses

Data modeling

Microsoft Excel

Education

Bachelor's degree

Tools

Microsoft Excel

Power BI

Job description

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Join the Texas Health and Human Services Commission (HHSC) and be part of a team committed to creating a positive impact in the lives of fellow Texans. At HHSC, your contributions matter, and we support you at each stage of your life and work journey. Our comprehensive benefits package includes 100% paid employee health insurance for full-time eligible employees, a defined benefit pension plan, generous time off benefits, numerous opportunities for career advancement and more. Explore more details on the Benefits of Working at HHS webpage .

Functional Title: Senior Financial Analyst (FA III)
Job Title: Financial Analyst III
Agency: Health & Human Services Comm
Department: Finan Reportng and Audit Coord
Posting Number: 21454
Closing Date: 03/12/2027
Posting Audience: Internal and External
Occupational Category: Business and Financial Operations
Salary Range: $5,425.33-$8,886.16
Pay Frequency: Monthly
Salary Group: TEXAS-B-24
Shift: Day
Additional Shift: Days (First)
Telework:
Travel: Up to 5%
Regular/Temporary: Regular
Full Time/Part Time: Full time
FLSA Exempt/Non-Exempt: Nonexempt
Facility Location:
Job Location City: AUSTIN
Job Location Address: 4601 W GUADALUPE ST
Other Locations: Austin
MOS Codes: 3404,3408,8845,36A,70C,36B,65FX,65WX,6F0X1,F&S,FIN10

Brief Job Description

The Texas Health and Human Services Commission (HHSC) Medicaid CHIP Services (MCS) division seeks a highly qualified candidate to fill the position of Senior Financial Analyst. MCS is driven by its mission to deliver quality, cost-effective services to Texans. This position makes a significant contribution to MCS’s mission by assisting in the review, analysis, and evaluation of complex financial data.

This position performs advanced (senior-level) financial analysis work involving reviewing and analyzing Managed Care Organization (MCO), Dental Maintenance Organization (DMO) and Medicare-Medicaid Plan (MMP) self-reported financial data; preparing reports and responding to inquiries; and recommending appropriate action to resolve complex financial issues. The Senior Financial Analyst works under minimal supervision, with extensive latitude for the use of initiative and independent judgment.

This position utilizes institutional knowledge of Medicaid and experience in the unique complexities of Medicaid/CHIP to effectively carry out financial analysis work.

The Senior Financial Analyst thrives in an environment that emphasizes teamwork to achieve goals, excellence through high professional standards and personal accountability, curiosity to continuously grow and learn, critical thinking for effective execution, and integrity to do things right even when what is right is not easy.

This position is part of the Financial Reporting and Audit Coordination (FRAC) within HHSC - Medicaid CHIP Services (MCS) Division. This position reports to the Director of Financial Reporting.

Essential Job Functions

• Works collaboratively across MCS to identify innovative and effective solutions for clients and staff.
• [65%] – Completes tasks and responds to inquiries related to the FSR (Financial Statistical Report) Life Cycle: FSR Review, FSR Reconciliation, Experience Rebate Calculation, Experience Rebate Allocation
• [15%] – Completes tasks and responds to inquiries related to the analysis and review of Other Financial Deliverables: Claims Lag Reports, Annual Financial Deliverables, Ad Hoc Financial Deliverables, etc.
• [10%] – Completes tasks and responds to inquiries related to the analysis and review of Material Subcontracts: Financial Impact Assessments for Managed Care Contracts and Oversight and Cost Data extraction for use in FSR Recons.
• [10%] – Completes tasks and responds to inquiries related to any special requests or questions the financial reporting team may receive: Open Records Requests, HHS Internal Requests, HHS External Requests, MCO Questions.

Registrations, Licensure Requirements or Certifications

N/A

Knowledge, Skills, and Abilities

Knowledge of:

• Financial analyses and examination procedures related to managed care entities, financial and industry terminology and practices, and statistical analysis.

Skill in:

• Use of a computer and applicable software (Microsoft Excel, etc.), and in data modeling.

Ability to:

• Perform and interpret numerical analyses; to interpret statutes; to analyze and summarize financial and management records for accuracy and conformance to procedures, rules, and regulations; to prepare reports and correspondence regarding findings; to communicate effectively; and to provide guidance to others.
• Supervise the work of others
• Administer financial processes and systems
• Work collaboratively across MCS to accomplish objectives
• Focus keenly on detail
• Implement creative solutions to problems
• Balance team and individual responsibilities

Initial Screening Criteria

Required:

• 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:

• Related to the college requirement above, major coursework in accounting or finance is preferred.
• Experience in Power BI

Additional Information

• Telework opportunities may be available dependent on performance, agency and legislative allowance, and other factors.

Active Duty, Military, Reservists, Guardsmen, and Veterans

Military occupation(s) that relate to the initial selection criteria and registration or licensure requirements for this position may include, but not limited tothose listed in this posting. All active-duty military, reservists, guardsmen, and veterans are encouraged to apply if qualified to fill this position. For more information please see the Texas State Auditor’s Job Descriptions, Military Crosswalk and Military Crosswalk Guide at Texas State Auditor's Office - Job Descriptions .

ADA Accommodations

In compliance with the Americans with Disabilities Act (ADA), HHSC and DSHS agencies will provide reasonable accommodation during the hiring and selection process for qualified individuals with a disability. If you need assistance completing the on-line application, contact the HHS Employee Service Center at 1-888-894-4747. If you are contacted for an interview and need accommodation to participate in the interview process, please notify the person scheduling the interview.

Pre-Employment Checks and Work Eligibility

Depending on the program area and position requirements, applicants selected for hire may be required to pass background and other due diligence checks.

HHSC uses E-Verify. You must bring your I-9 documentation with you on your first day of work. Download the I-9 Form

Telework Disclaimer

This position may be eligible for telework. Please note, all HHS positions are subject to state and agency telework policies in addition to the discretion of the direct supervisor and business needs.