Senior Financial Analyst

Medica • Minnetonka, MN

5h • Hybrid

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 Financial Analyst III analyzes financial, claims, and actuarial data to support decision‑making related to IBNR, reserving, and medical expense performance. This role helps maintain financial accuracy by assisting with monthly reserve calculations, tracking trends, and creating models that strengthen IBNR methodologies. This position contributes to forecasting activities, enhances analytical tools, and provides insights to leadership with minimal supervision. Perform other duties as assigned.

Requirements

• Bachelor’s degree or equivalent experience in a related field
• 5 years of work experience beyond the degree
• Strong Excel skills to include some advanced features to support daily work tasks (Able to run Pivot tables, VLOOKUP, SUMIFS Statements, large datasets)
• Advanced analytical and critical‑thinking skills, particularly with claims data and trend identification
• Ability to interpret, model, and communicate financial and reserving data clearly
• Strong problem‑solving ability for complex financial or claims‑related issues
• Ability to recommend process improvements for models and reserving procedures
• Ability to contribute measurably to team goals and deadlines
• Strong organizational skills and attention to detail
• Ability to work independently with moderate decision‑making authority
• Ability to collaborate effectively and serve as a resource to others

Nice To Haves

• Experience working in a healthcare or health plan environment
• Familiarity with IBNR, medical claims analysis, reserving methods, or actuarial concepts
• Experience presenting financial and analytical insights to leadership
• Advanced skills in forecasting tools, financial modeling platforms, analytics software, or actuarial tools

Responsibilities

• Analyze financial data to support decision‑making and operational recommendations
• Develop, maintain, and enhance financial models for forecasting and analysis
• Monitor variances, identify trends, and recommend corrective or strategic actions
• Assist with annual and quarterly forecasting processes
• Provide financial insights to management to guide business decisions
• Apply advanced professional knowledge to complex analytical projects
• Contribute expertise and serve as a resource to team members

Benefits

• competitive medical, dental, vision
• PTO
• Holidays
• paid volunteer time off
• 401K contributions
• caregiver services

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level