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Functional Title: Contract Financial Analyst
Job Title: Financial Analyst III
Agency: Health & Human Services Comm
Department: Performance Contracts
Posting Number: 4029
Closing Date: 04/11/2025
Posting Audience: Internal and External
Occupational Category: Business and Financial Operations
Salary Group: TEXAS-B-24
Salary Range: $6,000.00 – $7,500.00
Shift: Day
Additional Shift:
Telework: Eligible for Telework
Travel: Up to 10%
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:
MOS Codes:
3404,3408,8844,36A,65FX,65WX,6F0X1,70C,FIN10,F&S
Brief Job Description:
• **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 need.***
Under the direction of the IDD Services & PASRR, Fiscal & Systems Support Director, performs advanced (senior-level) financial analysis work. Work involves administering financial processes and systems; reviewing, analyzing, auditing, and evaluating financial data; preparing reports, making presentations, and responding to inquiries; and recommending and implementing appropriate action to resolve financial and regulatory problems. Ensure complete, accurate financial data is gathered, incorporated and reported on the budget, spend plan and forecast. May plan, assign, train and/or coordinate the work of others as the lead for contract financial analyst and serve as the Fiscal & Systems Support Director’s (proxy) back up. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment. Work outside of regular hours may be required during Legislative session. Performs other duties as assigned.
Coordinates the development, analysis, and review of financial data and applicable business, financial, and/or regulatory plans.
Coordinates and oversees financial reviews, including the accumulation of data, financial modeling, reporting, and monitoring of responses.
Administers financial processes and systems developed to oversee financial or other regulated entities.
Develops and maintains comprehensive sources of examination-related policies and procedures.
Integrates conflicting programmatic and financial objectives into recommendations for agency management.
Ensures compliance with established procedures, requirements, laws, and regulations;completeness of data; and presence of adequate documentation.
Provides interpretation on technical questions of financial and regulatory compliance with applicable state and federal statutes and regulations.
Essential Job Functions (EJFs):
Reviews, analyzes, evaluates financial data, and performs budget monitoring, projections, and analysis work for IDD Services & PASRR to include, but not limited to, the operational budget and the IDD Performance Contract budget. Prepares routine budget and forecast reports, including staffing information. Completes routine reconciliations of Performance Contract payments to CAPPS Financials system, and timely resolves discrepancies. Conducts financial analyses of the Local Intellectual & Developmental Disability Authorities (LIDDA) contract deliverables, Report IIIs, to ensure compliance with terms and conditions of the IDD Performance Contract. Serves as the Report III subject matter expert to provide technical assistance and training to internal and external stakeholders and possesses a working knowledge of General Accept Accounting Principles (GAAP), Texas Grant Management Standards (TxGMS) and Title 2 Code of Federal Regulations (CFR) 200 Cost Principles. Compiles and analyzes Report III data sets to understand the over and under expended to recoup funds each fiscal year using the Report III, Single Audit, and PeopleSoft CAPPS Financials. Ensures complete, accurate financial data is gathered for each assignment, verifying all IDD Services & PASRR Peoplesoft CAPPS Financials transactions routinely. Provides guidance and assistance to the administrative support staff with processing requisitions, purchase orders, and procurement activities if needed. Assesses affordability including but not limited to new hire starting salary offers, merits, procurement, and travel costs to mitigate budget shortfalls and collaborates with cross functional work groups to adjust funds to meet business demands. Participates in Legislative Appropriations Request (LAR) activities, Legislative Budget Board (LBB)/Office of the Governor’s (OOG) inquiries and reporting, and annual operating budget development. Completes bill analyses and agency cost estimates timely and accurately if assigned. Synthesizes data gathered from multiple sources (meetings with various levels of staff on various topics, reports, IDD Service Definition Manual, LIDDA Handbook, IDD Performance Contract, etc.) and determines impact on budgets, assignments, and projections. Effectively communicates and collaborates with cross functional work groups to complete tasks and assignments to build sustainable business relationships. Timely and accurately completes tasks and proactively performs follow up on outstanding issues. (60%)
Develops financial models to analyze gathered data, documents assumptions, and makes recommendations based on findings. Discusses budget, forecast, and staffing information with IDD Services & PASRR managers and directors as needed. Monitors ongoing operational and IDD Performance Contract financial data and makes recommendations for action based on findings. Analyzes proposed budget changes and informs management of implications. Implements approved recommendations within approved deadlines. Appropriately escalates implementation issues. (15%)
Interprets funding and cost allocation regulations. Develops, recommends, and implements appropriate action to resolve financial and regulatory problems. Maintains knowledge of applicable regulations. Responds to requests for consultations within reasonable timeframes. Accurately interprets and applies regulations to specific situations. Determines alternatives to comply with regulations while meeting agency business needs. Makes recommendations to resolve issues in specific situations. Implements approved recommendations within approved deadlines. Appropriately escalates implementation issues. (15%)
Serves as the Fiscal & Systems Support Director’s (proxy) back up. Performs other duties as assigned. (10%)
Knowledge, Skills and Abilities (KSAs):
Knowledge of financial analyses and examination procedures for regulated entities, financial and industry terminology and practices, and statistical analysis.
Knowledge of GAAP/GASB, TxGMS, 2 CFR 200, and State Plan and Amendments.
Knowledge of contract administration, grants management, and project management.
Knowledge of LAR budget processes and lifecycle.
Skill in the use of a computer and applicable software, and in data modeling.
Skill in the use of Excel functions and formulas (i.e. pivot, vlookups, index-match-match, macros, power query, SQL).
Skill in the use of PeopleSoft CAPPS Financials system.
Skill in the use of communication strategies to address fiscal topics to various audiences to understand and make decisions.
Skill in the use of data visualizations to represent fiscal information to drive meaningful narratives behind the numbers.
Skill in the use of data manipulation tools and strategies in large data sets to derive financial analyses and statical analyses.
Ability to administer financial processes and systems; to perform and interpret numerical analyses; to interpret statutes; to analyze, evaluate, 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 supervise the work of others.
Ability to prioritize workload with competing priorities.
Ability to identify risks and mitigate risks to meet agency vision, mission and goals.
Ability to identify business process defects and devise business process improvement that is result driven.
Ability to be flexible, adaptive and agile to organizational changes.
Ability to build and maintain business relationships.
Ability to quickly learn new software platforms to fulfill core job functions.
Ability to identify cost savings and recommend effective reallocation methodology.
Ability to timely and accurately complete tasks.
Ability to maintain a work-life balance.
Registrations, Licensure Requirements or Certifications:
CTCM is required within 18 months of hired date. CPA is preferred.
Initial Screening Criteria:
Bachelor’s degree in Accounting, Finance, Business Administration or similar in area of discipline is required from an accredited university. Experience in State governmental financial analyst work may be substituted for education on a 2-years-work-experience to 1-year-of-education basis. 5 years of experience as a financial analyst or budget analyst in a State government lead or supervisory role. Experience in contract administration and grant management. Experience reconciling invoice expenditures to contractors financial records. Experience analyzing large financial data sets. Experience using PeopleSoft CAPPS Financials system. Experience with LAR budget processes and annual operating budget.
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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 to those 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 AuditorÂ’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.