Financial Analyst I

Job/Position DescriptionFinancial Analyst I Performs complex financial monitoring of government, educational, non-profit and/or for-profit entities contracted to administer various programs within the Fiscal Support and Oversight (FSO) unit at the Department of State Health Services (DSHS). Work involves the examination, investigation, and review of accounting records, financial statements, management practices, and internal controls to ensure compliance with federal and state laws and/or regulations as well as DSHS policies, regulations, and contract provisions. Work also involves the preparation of reports containing findings, recommendations, and corrective actions required of the contractor. In addition, the work involves providing technical assistance to DSHS contractors in all matters relating to financial compliance. Works under limited supervision with latitude for the use of initiative and independent judgment. May lead a monitoring team.Essential Job FunctionsAttends work on a regular and predictable schedule in accordance with agency leave policy and performs other duties as assigned. (85%) Conducts financial monitoring reviews of government, educational, non-profit, and/or for-profit entities throughout Texas that are contracted to administer various programs for the DSHS. Identifies financial non-compliance issues by researching specific topics through interviews; analysis and review of backup documentation relevant to review; analysis of independently audited financial statements; and analysis and review of financial and/or programmatic reports submitted to DSHS; and other research techniques. Exercises considerable initiative and independent judgment in determining the transactions to examine based on analysis of input from program personnel, complaints or allegations from 3rd parties, contractors' past history (risk assessment), and preliminary review of documentation submitted by contractors prior to the financial reviews. Identifies areas of non-compliance and/or deficiencies in contractors' internal controls and financial management systems and recommends changes in policies and/or procedures as needed to comply with relevant federal and state laws and/or regulations, DSHS policies, and procedures, and contract provisions. Develops necessary financial summaries, schedules, and attachments needed to determine areas of compliance and/or non-compliance with federal and state laws, regulations, policies and/or procedures, or needed to support the findings and recommendations of the review. Gathers, prepares, and organizes all working papers related to financial monitoring reviews in accordance with established DSHS standards. Prepares or assists in preparing comprehensive formal financial monitoring reports that detail the conclusions, findings, and recommendations of the reviews. Responsible for all necessary follow up activities related to the reviews including (1) preparing formal correspondence necessary to further explain, clarify findings and/or rebut responses to findings, (2) requesting additional documentation required of contractors, and (3) issuing final reports and associated transmittal letters. Works closely with Program staff on contracting issues. (10%) May provide technical assistance (either verbally or in writing) to contractors and DSHS program personnel relating to financial compliance with federal and state laws and/or regulations, DSHS policies and/or procedures; provisions of the contract; allowability of costs; adequacy of financial system; https://jobshrportal.hhsc.state.tx.us/ENG/CareerPortal/job_profile.cfm?szOrderID=614083 Copy the URL in the preceding sentence to an Internet Explorer browser to apply to the job directly through the Texas Health and Human Services Career Portal.