Financial Analyst II

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Date:
Dec 15, 2025

Location:

AUSTIN, TX, US, 78751

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:

Financial Analyst II

Job Title: Financial Analyst II

Agency: Health & Human Services Comm

Department: Pharmacy Benefits Mgmt MMIS

Posting Number: 12038

Closing Date: 01/14/2026

Posting Audience: Internal and External

Occupational Category: Computer and Mathematical

Salary Group: TEXAS-B-22

Salary Range: $4,801.16 - $7,761.50

Pay Frequency: Monthly

Shift: Day

Additional Shift: Days (First)

Telework: Not Eligible for 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: 701 W 51ST ST

Other Locations: Austin

MOS Codes: ,8844,36A,70C,36B,65FX,65WX,6F0X1,F&S,FIN
10

Financial Analyst II position performs work for the Vendor Drug Program (VDP) under the supervision of a Director of Pharmacy Rebates & Business Analysis (PRBA). Performs complex financial analysis related to drug manufacturer rebates, budget processes, forecasting revenue, and conducts complex data analysis to determine and evaluate payment rates and financial data. Duties include but not limited to compiling, reviewing, analyzing, and evaluating financial data;

preparing reports and responding to inquiries; and recommending appropriate action to resolve financial issues. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment.

* This position is required to work in the office building per scheduled days and subject to established policies. The selected candidate should be in the Austin area to meet the “in office” work requirement. *

Essential Job Functions

• Provides highly advanced consultative and technical services such as research, evaluation, and analytical work related to drug manufacturer rebates and budget processes to determine impacts, implementation, financing, and oversight related to drug rebate collections and pharmacy claims administration. Coordinate with internal and external areas in maximizing program income and cost containment initiatives.
• May assist with procurement related activities including RFP development, participating in vendor conferences, proposal evaluations, negotiations, contract award/implementation and vendor transition and contract closeout.
• Performing complex monitoring and analysis of vendor’s work and their compliance with state and federal laws, rules, regulations, and guidelines; and presence of adequate documentation.
• Coordinate with other areas on collection of drug rebates to ensure correct data transmits to the rebate system.
• Participate in and oversee work groups and meetings related to program oversight, research, analysis, budget processes, and evaluation functions. Represents the VDP on external projects and work groups that impact the program. Acts as liaison to other areas within HHSC to ensure communication and coordination regarding Vendor Drug Program issues.
• Analyze and monitor program requirements, identify opportunities to maximize program income, report performance findings, and coordinate with both internal and external stakeholders to enhance program income and implement cost containment initiatives, including reviewing and analyzing the financial implications of proposed Value Based Agreements.
• Prepares and approves high quality written documents, including project updates, summaries, legislative reports, budget reports, audit updates, and other documents.
• Assist in the ongoing monitoring and analysis of the Non-Risk Payment (NRP) program within the VDP. This includes close collaboration with other VDP staff to ensure all NRP processes run on schedule, files include appropriate encounter claims, communication to MCOs conducted as needed, and that all approvals are on time.
• Provide subject matter expertise with VDP financials and rebate responses for Audits. Helps the VDP correct any associated audit findings by defining causes of error and recommending appropriate dispositions.
• Analyzes federal and state legislation relating to the Vendor Drug Program. Research technical questions of applicable state laws and regulations as well as federal procedures and guidelines relating to the Rebate Programs and Pharmacy practices.
• Monitor and manage the VDP Rebate mailbox.
• Performs other duties as assigned.

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