Financial Analyst III

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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:

Financial Analyst III

Job Title:Financial Analyst III

Agency:Health & Human Services Comm

Department:Finan Reportng and Audit Coord

Posting Number:21157

Closing Date:11/09/2026

Posting Audience:Internal and External

Occupational Category:Business and Financial Operations

Salary Range:$5,425.33-$7,155.75

Pay Frequency: Monthly

Salary Group:TEXAS-B-24

Shift:Day

Additional Shift:Days (First)

Telework:Eligible for Telework

Travel:Up to 5%

Regular/Temporary:Regular

Full Time/Part Time:Full time

FLSA Exempt/Non-Exempt:Exempt

Facility

Location:

Job Location City:AUSTIN

Job Location Address:4601 W GUADALUPE ST

Other Locations:Austin

MOS Codes: ,8844,36A,70C,36B,65FX,65WX,6F0X1,F&S,FIN
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The Financial Analyst III position works under the direction of the Financial Reporting and Audit Coordination (FRAC) Director of Financial Compliance. This position coordinates and oversees financial compliance related submissions and reviews of Managed Care Organizations and Dental Maintenance Organizations who contract with HHSC through the agency’s Medicaid Chip Services department. An ideal candidate for this position will be able to review, monitor, and analyze the financial operations of these external contractors who provide healthcare services through out the state of Texas to qualified beneficiaries.

An advanced understanding of accounting and finance as well as the ability to interpret results and make recommendations is a goal for this position. This position will provide financial reporting support and requires the ability to work independently on multiple projects and develop ad-hoc processes for identifying solutions. Work involves the creation and implementation of policies and procedures to ensure consistent and effective practices.

Works under limited supervision, with considerable latitude for the use of initiative and independent judgment. Performs other job duties and special projects as assigned. May be responsible for the supervision of others.

• Financial review of Managed Care Organizations and Dental Maintenance Organizations financial compliance related submissions. These reviews are conducted routinely and on an ad hoc basis as needed. Work involves reviewing and maintaining all documentation specific to the duties assigned and ensuring responsiveness of the organizations. (40%)
• Participates in the assessment and review of Corrective Action Plans the organizations may be placed on by the FRAC team. These Plans are submitted by the organization as a way to ensure the organization is addressing financial reporting compliance issues which need correction. This requires an indepth understanding of the reporting practices of the organizations. (30%)
• Documents and maintains records of all work performed. Performs policy analysis and makes recommendations with respect to modifying or developing new policies and procedures. Documentation retention must be suitable to pass indepth audits and information must be need to additional explanation to its information. (15%)
• Provides advanced financial analysis work in benefit to internal and external projects. Work involves collaborating on Experience Rebate calculations as well as ad hoc analysis of documentation which may be provided during the normal course of business. (10%)
• Performs other financial related duties as assigned including analysis of potential law and rules changes. (5%)

Knowledge of:

• Understanding of Medicaid financial reporting.
• Project management with the ability to oversee multiple contractors.
• Financial analysis principles and techniques and accounting principles.
• Audit practices in relation to state and federal law.
• Grasp of financial and industry terminology and practices.
• Familiarity with and understanding of financial statements. Some familiarity with FAR, GAAP, and SEC reporting desired.

• Advanced ability in Microsoft Excel including…