Financial Analyst I Specialist-\\- ( Entry-Level )-////-100% Full Time

The Financial Analyst I Specialist role supports the Department of State Health Services (DSHS) by conducting financial monitoring of entities contracted to administer DSHS programs. The position focuses on reviewing accounting records, testing transactions, and assessing compliance with federal and state requirements and contract provisions.

Financial Monitoring & Compliance

• Conduct financial monitoring reviews of governmental, educational, nonprofit, and for-profit entities contracted to administer DSHS programs.
• Examine and analyze accounting records, financial statements, expenditure documentation, management practices, and internal controls to evaluate compliance with federal and state laws and regulations, DSHS policies and procedures, and contract provisions.
• Reconcile Financial Status Reports (FSRs) and other submitted financial reports to contractor General Ledgers and supporting accounting records.
• Review independently audited financial statements and other financial information to identify potential compliance concerns and determine areas requiring further review.
• Perform transaction testing for expenditures, payroll, contractual costs, equipment purchases, matching funds, and other fiscal activities to assess accuracy, allowability, proper allocation, and compliance with applicable requirements.
• Research identified issues, review supporting documentation, analyze relevant financial information, and gather additional information as needed to complete assigned reviews.

Documentation, Workpapers, and Reporting

• Develop financial summaries, schedules, analyses, and supporting exhibits to document review results and support findings and recommendations.
• Prepare, organize, and maintain financial review workpapers in accordance with established DSHS and Fiscal Monitoring Unit standards.
• Create test sheets, review schedules, financial summaries, narratives, and other supporting documentation used throughout the monitoring process.
• Organize, annotate, hyperlink, and maintain electronic review files and supporting documentation within designated monitoring systems.
• Draft narrative explanations of review procedures and results and assist with monitoring reports and related correspondence.
• Ensure workpapers are complete, accurate, adequately supported, and clearly document procedures performed, evidence reviewed, and conclusions reached.

Coordination, Meetings, and Field Support

• Assist with coordinating assigned review activities and supporting completion of financial monitoring reviews.
• Participate in entrance conferences, other review-related meetings, and internal team discussions related to assigned reviews.
• Assist in gathering requested information, tracking documentation, and completing follow-up activities tied to monitoring reviews.
• Coordinate travel arrangements and other logistics associated with assigned fieldwork.
• Collaborate with monitoring team members to complete assignments accurately and within established timelines.
• Maintain professional working relationships with contractors, grantees, DSHS staff, and other stakeholders throughout the review process.
• Other duties as assigned, including supporting disaster response and/or recovery obligations and Continuity of Operations (COOP) activation.

Schedule & Attendance

Attend work on a regular and predictable schedule in accordance with agency leave policy and perform other duties as assigned.

Required Qualifications

• Graduation from an accredited four-year college or university. Experience may substitute for education on a year-for-year basis.
• Experience reviewing, researching, analyzing, reconciling, interpreting, evaluating, or documenting information to support business, financial, programmatic, compliance, investigative, auditing, quality assurance, grant, contract, or other administrative activities.
• Experience using personal computers and Microsoft Office applications, including Word, Excel, and Outlook.
• Experience preparing written reports, summaries, correspondence, case documentation, workpapers, or other professional work products.

Preferred Qualifications

• Experience reviewing, analyzing, reconciling, or interpreting financial records, reports, transactions, or other complex data.
• Experience reviewing accounting records, financial statements, General Ledger activity, invoices, payroll records, expenditure documentation, or other supporting financial documentation.
• Experience with financial monitoring, compliance reviews, auditing, quality assurance reviews, internal controls, grant administration, contract administration, or related oversight activities.
• Experience researching issues, analyzing information from multiple sources, identifying discrepancies, and documenting conclusions.
• Experience preparing reports, workpapers, summaries, findings, recommendations, correspondence, or other professional written work products.
• Experience organizing, maintaining, and managing detailed records, supporting documentation, electronic files, or case management systems.

Work Location & Travel

• Location: Austin, TX (onsite).
• On the road.
• May require travel up to 35% to contractor locations throughout Texas to participate in financial monitoring reviews and related activities.
• Overnight travel may be required, including occasional weekend travel.
• May require in-person work at DSHS Headquarters in Austin, Texas.
• Employees must be able to report to and work in Austin as required.

Tools & Technologies

• Microsoft Office
• Microsoft Excel
• Microsoft Word
• Microsoft Outlook

Compensation & Benefits

Pay: $4,263.16 - $5,521.16 per month.

• 401(k)
• Health insurance
• Vision insurance