Financial Analyst - Advanced (HCA/ASD #9082)

$26.33 - $42.12 Hourly

$54,760 - $87,616 Annually

This position is a Pay Band 70

Posting Details

This posting will be used for ongoing recruitment and may close at any time. Applicant Lists may be screened more than once.

This job posting may be used to fill multiple vacancies.

Our Vision

• Every New Mexican has access to affordable health care coverage through a coordinated and seamless health care system.

Our Mission

• We ensure that New Mexicans attain their highest level of health by providing whole-person, cost-effective, accessible, and high-quality health care and safety-net services.

Our Goals

• Leverage purchasing power and partnerships to create innovative policies and models of comprehensive health care coverage that improve the health and well-being of New Mexicans and the workforce.
• Achieve health equity by addressing poverty, discrimination, and lack of resources, building a New Mexico where everyone thrives.
• Implement innovative technology and data-driven decision-making to provide unparalleled, convenient access to services and information.
• Build the best team in state government by supporting employees' continuous growth and wellness.

Why does the job exist?

The Financial Analyst - Advanced will:

• Process, analyze and reconcile Drug Rebates that are collected daily;
• Prepare monthly and quarterly reconciliations;
• Process daily, monthly, and quarterly journal entries;
• Process daily deposits for the Drug Rebate Program and miscellaneous deposits;
• Act as a backup to other Accounts Receivable (AR) Staff.

How does it get done?

The Financial Analyst Advanced is responsible for:

• Processing daily deposits;
• Analyzing & reconciling Drug Rebate activity from Statewide Human Resources Accounting Reporting (SHARE) to the DRAMS System;
• Providing quarterly Grants Management reporting information;
• Preparing journal entries to record accounts receivable balances from the DRAMS System;
• Preparing monthly journal entries that record state and federal revenues for claims collected and account receivable activities;
• Preparing journal entries that establish liability to refund over collected amounts back to claims customers.

Who are the customers?

• Administrative Services Division (ASD);
• Health Care Authority (HCA) Divisional staff;
• Other State Agencies and third-party vendors.

Ideal Candidate

The Ideal Candidate has:

• Experience in Accounts Receivable;
• PeopleSoft SHARE Financial experience;
• Experience proficiently utilizing Microsoft Excel (including pivot tables, formulas, and functions) ;
• Experience providing excellent customer service and communication skills;
• The ability to work independently and in a team setting;
• The ability to multi-task.

Minimum Qualification

Bachelor's Degree in Accounting, Finance or Business Administration and four (4) years of experience in accounting, finance, economics and/or statistical analysis. Substitutions Apply. See Substitution Table below.

Substitution Table

These combinations of education and experience qualify you for the position:
Education Experience Education Experience 1 High School Diploma or Equivalent AND 8 years of experience OR High School Diploma or Equivalent AND 8 years of experience 2 Associate's degree in the field(s) specified in the minimum qualification AND 6 years of experience Associate's degree or higher in any field AND 8 years of experience 3 Bachelor's degree in the field(s) specified in the minimum qualification AND 4 years of experience 4 Master's degree in the field(s) specified in the minimum qualification AND 2 years of experience 5 PhD degree in the field(s) specified in the minimum qualification AND 0 years of experience
• Education and years of experience must be related to the purpose of the position.

• If Minimum Qualification requires a specific number of "semester hours" in a field (e.g. 6 semester hours in Accounting), applicants MUST have those semester hours in order to meet the minimum qualifications. No substitutions apply for semester hours.

Employment Requirements

Must possess and maintain valid driver's license.

Working Conditions

Work is performed in an office setting with exposure to Visual/Video Display Terminal (VDT), extensive personal computer and phone usage with extended periods of sitting. Some standing, bending and reaching may be required. Must be able to lift 25lbs. Some travel may be required.

Supplemental Information

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Agency Contact Information: Jolene Jaffa, (505) 690-9920. Email

For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.

Bargaining Unit Position

This position is not covered by a collective bargaining agreement.