Financial Analyst IV
3 months ago
Financial Analyst IV
The Senior Financial Analyst for Provider Finance (Financial Analyst IV) performs highly advanced (senior-level) financial analysis work related to certain custom models used in the analysis of reimbursement rates and payments related to acute care and hospital services. Completes bill analysis and associated legislative updates during the legislative session. Writes and updates Texas Administrative Code Rules and other special projects. Work involves documenting existing rate model approaches, process and procedures; preparing, reviewing, analyzing, and evaluating financial data and documents and recommending modifications to align to best practices; preparing reports and responding to internal and external inquiries; and recommending and approving appropriate action to resolve financial problems related to rates. Work includes special projects as assigned based on department need. Works under the supervision of the Deputy Director of the Provider Finance Department, with extensive use of independent judgement.
Essential Job Functions:
1-Completes bill analysis and associated legislative updates during the legislative session. Writes and updates Texas Administrative Code Rules and other special projects. Creates and prepares organized and sequential documentation of existing rate model processes and procedures. Creates and prepares written explanation of tools and systems developed to oversee rate development and implementation, including documentation of steps in the rate calculations that correspond to various Texas Administrative Code, federal rules and regulations, state rules and regulations, policy manuals, and procedures. May contribute documentation and historical perspective to staff during the development of systems maps, workflow maps, or other visual aids to document the rate model process. (25%)
2-Represents the Deputy Director of the Provider Finance Department in external meetings, hearings, conferences, and other venues. Creates presentations and other materials to respond to external questions, including legislative requests. (10%)
3-Provides interpretation of, recommendations for, and clearly documents guidance provided to staff for financial and methodological compliance related to applicable state and federal statutes and regulations that apply to rate analysis, Medicaid claims data and/or supplemental payments. Documents previous decisions made by the Provider Finance Department related to state and federal statues for historical reference and staff decision making. (20%)
4-Coordinates the integration of conflicting programmatic and financial objectives into recommendations for agency management. Clearly explains existing financial models, rules or programs to staff, documents existing financial models or federal regulations, and formulates financial models to simulate anticipated financial performance as a result of changes in laws, regulations, policies, and procedures. Provides documentation of existing model protocols and notates changes needed to conform with changing regulations and requirements. (25%)
5-Integrates programmatic and financial objectives into recommendations for agency management; often when program and finance goal of an initiative are conflicting. Provides advice, guidance, and support to the Deputy Director of Provider Finance on matters related to rates and the achievement of program objectives. (20%)
Knowledge Skills Abilities:
Knowledge of financial analyses and models for rates.
Knowledge of financial and industry terminology and practices, and of statistical analysis techniques.
Skill in the use of a computer and applicable software, and in data modeling.
Ability to perform and interpret numerical analyses; to analyze, evaluate, and summarize financial and management records for accuracy and conformance to procedures, rules, and regulations; to prepare reports and correspondence regarding processes and procedures; to develop and evaluate policies and procedures; to communicate effectively.
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