Financial Analyst III

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Functional Title: Financial Analyst III Job Title: Financial Analyst III Agency: Health & Human Services Comm Department: Purchasing - Consolidated 2 Posting Number: 20100 Closing Date: 08/28/2026 Posting Audience: Internal and External Occupational Category: Business and Financial Operations Salary Range: $5,425.33 - $6,562.00 Pay Frequency: Monthly Salary Group: TEXAS-B-24 Shift: Day Additional Shift: Days (First) Telework: Travel: Regular/Temporary: Regular Full Time/Part Time: Full time FLSA Exempt/Non-Exempt: Nonexempt Facility Location: Job Location City: AUSTIN Job Location Address: 1100 W 49TH ST (DHSB) Other Locations: MOS Codes: 3404,3408,8844,36A,70C,36B,65FX,65WX,6F0X1,F&S,FIN10

Job Description:

Procurement and Contracting Service is looking for a Financial Analyst III.

The Financial Analyst III (FA3) reports to the Director of Procurement Financial Services within the Procurement and Contracting Services (PCS) Division and performs highly advanced (mid-level) financial analysis work related to various Health and Human Services Commission (HHSC) projects, including financial, cost, and budgetary analysis for various projects and complex procurements. Performs other duties as assigned

The Financial Analyst III develops and evaluates cost proposals (CP) and oversees the preparation of financial capacity reports (FCR); performs cost evaluations, responds to inquiries, and recommends appropriate action to resolve financial, procurement, and regulatory issues.

Work involves in-depth reviews of statement of work language, consultative work sessions with stakeholders, to determine cost and payment structure, development of CP, administering financial processes and financial systems related to various types of projects and complex procurements; overseeing the compilation, review, analysis, accuracy, and evaluation of financial data to project anticipated costs related to policy changes, legislative changes, and modifications to services and deliverables related to HHSC projects and/or procurements.

Work also involves extensive sessions and correspondence with key stakeholders reviewing prior and current state program contracts. A thorough understanding of Request for Proposals, Request for Offers, Request for Qualifications, Request for Applications, and DIR (to include DIR Statement of Work, DBITS, etc). Coordinating the planning, development, and implementation of various budget and forecasting models related to projected costs for various HHSC projects and/or procurements; recommending appropriate action related to projected costs and/or procurement forecasting models with HHSC Fiscal budgetary staff; and assisting with subject financial and price negotiation on major procurements.

Works under minimal supervision, multiple projects with multiple deadlines, and with extensive latitude for the use of initiative and independent judgment.

 

Essential Job Functions:

1. Provides customer service excellence in alignment with the PCS Customer Service Principles. Actively demonstrates the eight core pillars of customer service: be responsive; set clear and realistic expectations; be transparent; be courteous; be consistent; be resourceful; embrace complaints; and be intentional about continuous improvement. Formulates and administers financial models, processes, and systems related to various HHSC projects and procurements that comply with federal and state laws, regulations, and policies and procedures. Develops and assists in the development of major procurement exhibits while navigating financial policies and provisions for major HHS procurements and contracts, considering existing or enacting state and federal laws, guidelines, rules, and regulations. Develops and implements effective techniques for forecasting future state costs related to various HHSC projects. Oversees the development and implementation of effective techniques for evaluating programs and various high-profile procurements; such techniques are, but not limited to, CP, cost analysis, cost evaluations, FCR, financial evaluation tools, financial solvency tools, and financial requirements. [40%]

2. Coordinates the inspections and reviews of financial information related to various procurements to determine compliance with state and federal policies, regulations, and HHSC procurement provisions. Oversees the preparation of administrative reports, studies, specialized financial analysis, completion of financial reports and recommended changes, and the development and coordination of financial requirements for audits of third-party and final negotiated recoupments and/or payments. Assists with and may lead financial negotiations, including negotiating financial elements of various types of procurements, final contract pricing development of financial payment terms, related financial provisions and financial settlement agreements. [35%]

3. Provides guidance to staff in the development and integration of new cost accounting methods and procedures. Provides advice to programs executive management and other key staff on all aspects of procurement and contract financial terms and conditions. Provides guidance to third-party vendors, program staff, legal counsel, and management on financial technical questions as well as on regulatory compliance with applicable federal and state laws, statutes, regulations, provisions, and rules. Reviews and uses enacted legislation, both federal and state, as well as agency and state contract and procurement guidelines and regulations in the day-to-day decision-making on current solicitations or contracts; Establishes and maintains excellent partnerships with all stakeholders, internal and external; Serves as a Subject Matter Expert (SME) on agency workgroups to coordinate and develop HHS policy initiatives related to major procurements. [20%]

4. Assists HHS agencies during legislative sessions, applying specialized knowledge to complex issues. Monitors activities in legislative committees to keep executive staff apprised of legislative activities pertaining to health and human services. Prepares fiscal notes on legislation affecting HHSC for the Legislative Budget Board, ensuring that HHSC’s assumptions and fiscal estimates regarding proposed legislation are made available to the Texas Legislature. Perform other duties as required or assigned to maintain efficient and effective agency operations. Attends work on a regular and predictable schedule in accordance with agency leave policy. [5%]

Knowledge Skills Abilities:

1. Considerable knowledge of state government organization, administration, management, and intergovernmental relations.

2. Thorough knowledge of local, state, and federal laws and regulations relevant to program areas and of the principles and practices of public administration, procurements, financial management, and management.

3. Thorough knowledge of health and human services programs, services, and procedures.

4. Skill in analyzing legislation and general understanding of the legislative process.

5. Skill in policy analysis, interpretation, and development.

6. Skill in project management or leading work groups related to special assignments.

7. Skill in financial planning and scheduling.

8. Advanced MS Excel skills such as data modeling, creating and maintaining Excel models using complex formulas, pivot tables, dashboards, and charts creation.

9. Demonstrated skill in communicating effectively both orally and in writing with all levels of staff.

10. Ability to establish program goals and objectives that support the coordinated biennial operating plan.

11. Ability to organize tasks and projects and work with minimal supervision.

12. Ability to quickly analyze complex policy issues, identify problems, and to develop strategies to remove barriers.

13. Ability to establish and maintain effective working relationships with diverse groups and entities.

14. Ability to use computer-based word-processing software, spreadsheets, and databases.

15. Ability to conduct thorough, independent peer reviews on assignments, documents, and processes to ensure accuracy, consistency, and adherence to HHSC standards.

Registration or Licensure Requirements:

Certified Texas Contract Developer (CTCD) (formerly Certified Texas Procurement Manager) certification must be obtained within 3 months of hire.

Initial Selection Criteria:

Graduation from an accredited four-year college or university with a bachelor’s degree in finance, economics, auditing, accounting, public administration, or a closely related field of study. Experience in financial analysis, financial monitoring, auditing, procurement, and contract administration. Experience and education may be substituted for one another on a year-by-year basis.

Additional Information:

N/A

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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 Auditor’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.