Director FP&A, Corporate Functions

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for.

We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration - because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm, and every member feels valued.

Director FP&A - Corporate Functions will lead and partner across the enterprise to drive business results, develop financial plans, projections, analyses, insights, and influence strategic direction. The Director will be a key partner to senior business leaders, accountable for developing, leading, and implementing best-in-class FP&A processes and standards while developing and leading a team of highly effective and valued finance business partners. The Director will be the primary owner of ELT relationships in this space leveraging their team to execute on the strategic direction of FP&A, the business, and to implement consistent and best in class FP&A processes & standards across their areas of responsibility. This position will be required to coordinate work with the Corporate reporting team, Segment finance team, Market Team, and TMO Finance team to ensure alignment on goals, priorities, processes, and strategic direction. This role will also be expected to partner with our financial systems team and analytics teams to better leverage internal systems and automation capabilities within our FP&A processes.

This role will have oversight for primarily all administrative functions including (but not limited to): Legal, Markets, Operations, Technology, Clinical Services, Human Resources, Finance, and Executive.

Key Accountabilities:

• Develop and implement best-in-class FP&A capabilities, processes and standards




• Key strategic partner to business leaders to lead complex and meaningful financial and business analyses. Will act as the lead support to several divisions including Technology, Operations, HR & HR programs, Finance, Legal, and Executive.
• Support high-level decision makers including members of the Executive and Senior Leadership Teams. Provide insights and recommendations based on financial analyses to support decision-making and drive business performance.
• Understand and create enterprise awareness of business impacts from decisions, strategic initiatives and related business model changes.
• Implement consistent finance business partner support model to provide consistent high quality experience across business stakeholders
• Establish consistent timelines, processes, and approaches for FP&A support and deliverables while leveraging technology to further reduce manual workstreams
• Develop presentations that clearly communicate conclusions, alternatives, recommendations and risks.




• Forecasting, Annual Budgeting, Long-term Planning




• Lead efforts for assigned areas toward the development and execution of effective and accurate enterprise wide 5-year outlook, annual budgeting, regular forecasting and scenario planning including insights, analyses, strategies, and recommendations to meet enterprise objectives.




• Admin Allocations




• Own enterprise allocations including:




• HR program allocation process & rates (between HR programs and cost centers)
• Admin segment and pricing allocation rates (established annually through a robust annual admin PMPM model update and review process)
• Leads full work plan, process, and reviews to establish and finalize in Q1 annually for next pricing cycle




• Other allocations as necessary such as any interim updates in rates and supporting transformation/strategic portfolio cost tracking




• Partner and actively integrate Transformation program investments & value into business operations




• Partner with transformation finance team to establish, estimate, and validate transformation program investment and value assumptions
• Collaborate with transformation finance and implement process to transition program investments and committed value (cost savings or otherwise) into admin run rate while continuing delivery of enhanced enterprise efficiency
• Establish clarity for finance and business stakeholders on their full resource budgets (admin and transformation) enabling them to manage both effectively and clearly




• Talent Management




• Lead, coach, and develop a motivated and high-talent team of FP&A business partners and analysts aligned with and embedded in business areas throughout the enterprise.




• Enterprise Incentives




• Play a key role in developing and maintaining Medica's annual and long-term incentive plans for employees.

Required Qualifications:

• Bachelor's degree or equivalent experience (Advanced degree MA, MBA, MHA) or significant related experience preferred.
• 8-12 years proven business experience with increasing responsibilities with 5+ years of direct management experience

Preferred Qualifications:

• Demonstrated track record of leading financial planning, forecasting models, complex business analyses, influencing decisions, driving results and leading change.
• Ability to understand and successfully support a wide breadth of divisions throughout the organization.
• Innate inquisitiveness, curiosity and tenacity to analyze.
• Self-directed; Strong drive for results and accountability
• Effective handling multiple complex projects with a high degree of engagement
• Demonstrated success collaborating, influencing and building trusted partnerships across organizations.
• Ability to build teams, processes and models that deliver desired results.
• Excellent written, verbal, and interpersonal communication skills with the ability to convey complex financial information to non-financial stakeholders.
• Advanced skills in Excel, Work and PowerPoint.

This position is an Office role, which requires an employee to work onsite at our Minnetonka office, on average, 3 days per week.

The full salary grade for this position is $130,300-$223,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $130,300-$195,510. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.