Health Financial Analyst or Senior bei Teacher Retirement System of Texas (TRS)

The Health Financial Analyst is responsible for performing detailed analysis of Health financial reports and healthcare vendor contracts. The incumbent will track and maintain health care related financial activities, provide data and reports on health care finances, and calculate and submit accounting entries and reconciliations. This position will proactively work with Health staff, healthcare vendors, and agency employees.

The Health Financial Analyst Senior is responsible for overseeing and producing healthcare benefits financial and accounting functions. The incumbent will be responsible for developing and monitoring health care related financial reports, prepare, review, and analyze various financial or benefit payment related reports, and perform complex accounting entries and reconciliations. This position proactively works with Health staff, healthcare vendors, and agency employees.

This position is being posted at two levels (Health Financial Analyst and Health Financial Analyst Senior). Selected applicant will be offered the position that most closely matches their education and experience.

Salary Range
Health Financial Analyst: $73,790 - $92,237 Annually
Health Financial Analyst Senior:  $98,214 - $122,768 Annually

This is an onsite position at our Austin office, with the opportunity to work from home one day a week based on business needs.

WHAT YOU WILL DO:

Financial Analysis and Consulting
• Evaluates complex healthcare vendor contracts to understand key financial components.
• Evaluates complex healthcare contracts and federal and state law to assess financial impact to healthcare plans. (Senior)
• Analyzes healthcare vendor financial reports for financial accuracy and identifies discrepancies.
• Identifies variances in key metrics and makes informed recommendations.
• Develops and/or performs financial analysis and recalculations that validate financial transactions between TRS and its healthcare vendors. 
• Works with senior staff on financial recoveries and correcting errors. 
• Works with vendors and other Health teams on financial recoveries and correcting errors.(Senior)

Accounting Entries and Reconciliations
• Prepares monthly and annual reconciliations between the general ledger and sub ledgers. (Senior Oversees)
• Calculates and submits journal entries.
• Conducts research to resolve reconciliation discrepancies.
• Prepares monthly, quarterly, and annual financial statements with schedules and exhibits, and periodic and special management reports regarding accounting and fiscal activities. (Senior Oversees)
• Contributes to the preparation of the TRS Annual Comprehensive Financial Report (ACFR), including preparing or reviewing completed document for consistency of presentation and compliance with applicable standards.
• Performs a lead role in the preparation of the TRS Annual Comprehensive Financial Report (ACFR), including preparing or reviewing completed document for consistency of presentation and compliance with applicable standards. (Senior)
• Conducts the review, interpretation, and implementation of new accounting standards and financial reporting requirements. (Senior)
• Participates on accounting-related committees at an agency level. (Senior)

Performs related work as assigned. 

WHAT YOU WILL BRING:

Required Education
• Bachelor's degree from an accredited college or university in accounting, finance or a closely related field.
• High school diploma or equivalent and additional full-time experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information or similarly related experience may be substituted on an equivalent year-for-year basis.
• A master's degree or doctoral degree in a directly related field may be substituted on an equivalent year-for-year basis.

Required Experience
• Four (4) years of full-time directly related, progressively responsible experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information.
• Six (6) years of full-time directly related, progressively responsible experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, analysis of detailed financial information or similarly related experience. (Senior)

Preferred Qualifications
• Recent experience in accounting, business finance, auditing, or actuarial services.
• Advanced degree in accounting, finance, or closely related field. (Senior)
• CPA or working towards passing CPA examination. (Senior)

Knowledge of
• Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB), and Financial Accounting Standards Board (FASB) statements.

Skill in
• Analyzing detailed accounting records, troubleshooting associated problems, and interpreting and applying applicable laws, policies and procedures.
• Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and completing detailed work with a high degree of accuracy.
• Using a computer in a Windows environment with Microsoft Office word processing, spreadsheet, and other business software.
• Advance proficiency in Excel, specifically with formulas.
• Effective written and verbal communications, including explaining complex information to others in an understandable manner, and writing clear and precise policies, procedures, and correspondence.
• Completing detailed work with a high degree of accuracy.

Ability to
• Meet frequent and multiple deadlines, manage conflicting priorities and demands, and adapt to changes in schedules and assignments.
• Think critically, analyze problems, evaluate alternatives, and recommend effective solutions.
• Establish and maintain harmonious working relationships with co-workers, agency staff, vendors and other external contacts and to work effectively in a professional team environment.
• Learn new tools and concepts and apply them when necessary.
• Work effectively in a professional team environment. Work effectively in a professional team environment.