Senior Financial Analyst

Summary

Join Texas Health Action (THA) as a Senior Financial Analyst! This full-time, exempt position offers remote work flexibility (with Texas residency required) and involves financial planning, analysis, and reporting. You will play a key role in the organization's financial health, collaborating with senior leaders and mentoring junior analysts. The ideal candidate possesses extensive healthcare financial experience, strong analytical skills, and a commitment to THA's mission. A competitive salary ($85,000-$100,000) plus performance incentives is offered. Quarterly meetings in Austin are required.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field
• Minimum 5 years of experience in financial analysis, budgeting, or strategic financial planning, preferably in a nonprofit healthcare environment
• Extensive experience with healthcare revenue streams, including familiarity with the 340B Pharmacy Program, revenue cycle management, KPIs, and revenue integrity
• Experience leading or mentoring junior team members
• Experience with budgeting process
• Experience working with diverse data sources and creating integrated financial and productivity reports
• Understanding of nonprofit financial statements, fund accounting, nonprofit reporting standards, grant administration, and financial compliance requirements
• Strong financial modeling, forecasting, and data analysis capabilities
• Expert proficiency in Excel and navigating modern accounting and ERP systems
• Proficiency with data visualization tools (e.g., Tableau, Power BI, or similar)
• Exceptional analytical and problem-solving skills, with a high attention to detail
• Excellent written and verbal communication skills, with the ability to effectively present complex financial data to non-financial stakeholders
• Strong project management and process improvement skills
• Thorough knowledge of healthcare industry financial operations, including common reimbursement models and productivity or profitability measures
• Comfort in a fast-paced, dynamic environment with changing priorities
• High level of ethics, integrity, and commitment to the mission of Texas Health Action and the communities it serves
• Outstanding interpersonal and relationship-building skills

Responsibilities

• Develop financial models and analyses to support forecasting, budgeting, and long-term planning
• Coordinate a collaborative annual budgetary process and provide support to budget managers and departmental leadership in the development of budgetary proposals in alignment with organizational goals
• Conduct monthly and quarterly budget variance and revenue analyses providing meaningful insights into variances and financial performance trends
• Prepare budgets and other financial data for grant and funding proposals.  Integrate awards into the organizational budget and ensure that funding amounts and commitments are tracked
• Advise on the evaluation or monitoring of strategic initiatives, new programs, partnerships, and operational improvements
• Identify financial risks related to revenue, reimbursement, and collections, and work closely with senior leaders to develop strategies for risk mitigation
• Interface regularly with senior leaders to ensure awareness of their units’ financial performance, including reasons behind variances and impact on the financial goals of the organization
• Support month- and year-end close by reviewing, or assisting with the preparation of, account reconciliation
• Examine unusual trends or discrepancies that might indicate issues with GL transactions coding
• Monitor internal controls and support compliance with all financial regulations and nonprofit reporting standards
• Prepare documentation as needed for audits and reviews
• Collaborate on the continuous improvement of processes and tools used in financial management and data analytics of the organization
• Supervise and mentor junior analyst(s); provide guidance on financial analysis techniques, revenue analysis, and reporting standards. Encourage growth and development of skills and abilities
• Define expectations and delegate work appropriately to ensure deadlines are met
• Review and approve work product of junior analyst(s), verifying accuracy and quality in all analyses and reports
• Design and maintain productivity reports using data from a variety of operational and administrative systems, ensuring appropriate benchmarks are identified and included for comparison
• Delivers board-review ready financial and statistical summaries to executive leadership
• Prepare timely and accurate financial and statistical reports for various stakeholders to meet decision making and regulatory reporting needs
• Use data visualization tools to create clear and compelling dashboards and presentations which include monthly and quarterly financial performance reports and key performance indicators from across the organization
• Coordinate the operations of the 340B Pharmacy Program
• Formulate models to forecast healthcare revenue, considering trends in patient volume, reimbursement rates, and service mix
• Provide insights into revenue cycle metrics, such as days in accounts receivable, collections ratio, and denial rates, working with operational teams to improve these metrics
• Examine revenue data, reimbursement contracts, and payor mix to identify trends and opportunities for enhancing revenue capture
• Administer a position control system to track all organizational positions, including approved headcounts, vacancies, and budgeted salaries
• Collaborate with HR and department leadership to ensure alignment between position control data, workforce planning, and financial forecasting
• Create workforce-related financial models and scenarios to evaluate the impact of staffing decisions on organizational goals
• Monitor and report on salary and benefits expenditures against the approved budget, identifying any variances and providing recommendations to address discrepancies

Preferred Qualifications

• One or more certifications appropriate to the role (CMA, CHFP, etc)
• Familiarity with position control or workforce budgeting and analysis in healthcare a organization
• Experience leading annual budgetary process and/or consolidating departmental budget information into the broader organizational budget

Benefits

• Health Care Plan (Medical, Dental & Vision)
• Employee Assistance Program
• No-cost telehealth Visits via HealthiestYou
• Retirement Plan with employer contribution and matching
• Life Insurance (Basic, Voluntary & AD&D)
• Paid Time Off (Vacation, Sick & Holidays)
• Disability (Short Term & Long Term)
• Training & Development Budget
• Family Leave
• Flexible Work Schedule