Senior Financial Analyst
About The Position
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. The Senior Financial Analyst will report to the Senior Director of Markets Finance and will support Medica’s Joint Venture partnership with SSM Health. This position will be an integral partner to the Joint Venture business, working closely with product and market leaders and routinely engaging with external strategic partners. The Senior Financial Analyst will be responsible for relevant financial analysis, reporting, accounting close support, forecasting, budgeting and ad hoc analyses to support the Joint Venture. This position will encompass presenting financial performance to key leadership stakeholders as well as help formulate realistic go-forward strategies including traditional at-risk products and value-based products. The Senior Financial Analyst will often need to take lead on the collection and compilation of data and partnering with key cross-functional stakeholders to execute on strategic initiatives to improve financial performance. Performs other duties as assigned.
Requirements
- Bachelor's degree in business, finance, or equivalent experience in related field
- 8+ years of work experience beyond degree
- Proven experience collecting and analyzing complex financial data
- Experience in budgeting and financial forecasting processes
- Experience leading cross function initiatives to improve business performance
- Strong project management skills
- Ability to drive for results and accountability
- Strong communication and presentation skills
Nice To Haves
- Experience in finance and/or strategy in healthcare, insurance or managed care
- Experience working with capitated and value-based care models preferred
Responsibilities
- Collaborate with Joint Venture leadership team to drive business growth objectives for products being offered and designed. Focus will include pricing, sales, network configuration and administrative efficiencies
- Own and lead forecasting, annual budgeting, and long-term plan development for all business segments. Regular forecasting and budgeting updates will be made throughout the year covering the entire P&L for the Joint Venture
- Represent the needs and requirements of the Joint Venture to understand and influence decisions in the development of trend reporting, cost saving initiatives, operational and platform performance and non-claims medical expenses
- Lead Joint Venture initiatives and evaluate financial performance of key decisions. Examples of such initiatives could include Affordability and Health Management programs, acquisitions, outsourcing arrangements and value-based care offerings
Benefits
- competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
