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The Contract & Financial Compliance Analyst is responsible for the oversight, monitoring, and quality assurance of the Master Coordinating Agreement between UMC Health System and Texas Tech Health Sciences Center (TTUHSC).
This role ensures contractual compliance, accurate billing, and financial integrity by reviewing contract terms, validating invoices, and performing ongoing financial analysis.
This position serves as a key liaison between Accounting, Legal, and TTUHSC, ensuring all contractual obligations are understood, tracked, and executed accurately.
Reports to:
Job Specific Responsibilities
Contract Oversight & Compliance
• Review and interpret the Master Coordinating Agreement and all associated contracts, amendments, and exhibits.
• Maintain a detailed understanding of contract terms, including payment structures, deliverables, and expiration dates.
• Track key contract milestones, renewal timelines, and termination provisions.
• Partner with the Legal Department on contract interpretation, updates, and compliance matters.
• Serve as the central point of accountability for contract-related quality assurance.
Invoice Review & Validation
• Receive and review invoices from TTUHSC for accuracy and completeness.
• Compare invoices against contract terms to ensure correct billing rates, services, and timing.
• Validate that all required supporting documentation is submitted and aligns with contractual requirements.
• Investigate and resolve discrepancies in collaboration with TTUHSC and internal stakeholders.
• Ensure all expected invoices are received timely and tracked appropriately.
Financial Oversight & Accounting Coordination
• Apply accounting knowledge to determine proper treatment of payments, including:
oIdentifying when payments should be recorded as expenses vs. accruals
oEvaluating bonus or incentive payments for appropriate timing (accrual vs. payment)
• Work closely with Accounts Payable and General Ledger teams to ensure accurate financial reporting.
• Support audit requests by maintaining organized, complete documentation for all contract activity.
Analysis & Reporting
• Perform ongoing month-over-month analysis of contract activity, identifying trends, variances, and anomalies.
• Prepare quarterly contract analyses to evaluate financial performance against expectations.
• Conduct annual reviews comparing:
oBudgeted vs. actual expenditures
oContract performance by agreement and by provider
• Provide clear, concise reporting to leadership with actionable insights and recommendations.
All other assigned duties as requested by assigned department.
Education and Experience
• Bachelor's degree in Accounting, Finance, Business, or related field required
• CPA or progress toward CPA preferred
• Minimum of 3-5 years of experience in accounting, financial analysis, or contract management
Required Licensures/Certifications/Registrations
• N/A
Knowledge, Skills and Abilities
• Course study and preparation towards becoming Certified Public Accountant is helpful.
• Ability to use spreadsheets, decision support and statistical software packages to accurately analyze financial data, spot trends, develop forecasts, and pro formas.
• Ability to analyze data, draw comprehensive conclusions, write reports, create presentations.
• Strong ability to read, interpret, and apply complex contracts and legal agreements
• Solid understanding of accounting principles (GAAP) and financial reporting concepts
• Experience with accruals, expense recognition, and financial analysis
• High attention to detail with strong organizational and documentation skills
• Advanced analytical skills with the ability to identify trends, discrepancies, and risks
• Proficiency in Excel and financial systems (e.g., Workday preferred)
• Strong critical thinking and problem-solving abilities
• Clear and effective communication skills, both written and verbal
• Ability to collaborate cross-functionally, including with Legal, Finance, and external partners
• Self-driven with a high level of accountability and ownership
Interaction with Other Departments and Other Relationships
The person in this role will have daily interactions with department directors and senior level management for obtaining and reporting information used for decision making.
Physical Capabilities
Position requires prolonged periods of sitting at a desk, talking on a phone, and working on a computer. Essential hearing and near vision acuity required. Should be able to lift up to 20 pounds, push, pull, and stooping required at times.
Environmental/Working Conditions
Work area is in an office environment, well lighted, and subject to varying indoor temperatures.
Direct Reports
N/A
UMC Health System provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
*Request for accommodations in the hire process should be directed to UMC Human Resources.*