Manager of FP&A

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 Manager of FP&A Support, is responsible for leading an assigned FP&A function within the organization. This role works with their team to oversee and manage assigned portion of the administrative expense portfolio through budgeting, forecasting and financial analysis processes to support strategic decision-making by senior management, including developing comprehensive financial models and dashboards to evaluate business performance and identify opportunities for growth. Success is achieved by partnering with the leaders to understand their goals and recommend solutions to deliver outcomes through a P&L mindset. This strategic partner will operate like an in-house CFO for their assigned business areas/divisions/cost centers.

Key Accountabilities:

Strategic Cost Optimization

• Identify, develop and steer strategic plans and models that drive positive business outcomes, with emphasis on labor workforce planning. Examples are cost to acquire, cost-savings, benchmarking, trending, pricing, affordability opportunities, labor arbitrage models.
• Lead the annual budgeting process, engage with department leads to ensure proper budget inputs and align department goals with annual budget, ensuring it is realistic and achievable.
• Actively manage financial risks and opportunities monthly in collaboration with other departments to ensure financial targets are achieved.

Forecast Management

• Play a significant role in sound and fact-based strategic decision-making, providing perspective across the enterprise. Provide insights and recommendations for cost optimization to the executive team based on forecast data.
• Manage the rolling forecast process, ensuring accurate and up-to-date financial projections by adjusting financial forecasts with new information on changing conditions, creating supporting analysis, to predict future financial performance
• Responsible for the labor expense control processes and accuracy. Partner with Human Resources on personnel reporting and enterprise workforce planning.

Leadership & Team Management

• Lead, mentor, and develop a finance team of 1-3, fostering a culture of continuous improvement and professional growth, and providing guidance on financial analysis and reporting.
• Engage in recruitment/training of new finance staff that report to this person or others.
• Promote collaboration and knowledge sharing within the team and across the organization

Required Qualifications

• Bachelors degree in Business administration, finance or accounting or equivalent experience
• 7+ years of relevant experience in financial planning & analysis (FP&A), corporate finance, accounting, investment management or similar
• 3+ years of people leadership experience

Preferred Qualifications

• Deep expertise in financial planning, budgeting, forecasting, and cost optimization methodologies.
• Proven experience recruiting, coaching, and developing finance business partners.
• Advanced Microsoft Excel skills; strong analytical and quantitative capabilities.
• Excellent strategic thinking and problemsolving skills, with the ability to manage multiple priorities and projects.
• Superior communication and interpersonal skills, with a demonstrated ability to translate complex financial information for nonfinancial executive stakeholders through written, verbal, and presentation formats.