What are the responsibilities and job description for the Lead Financial Analyst position at Medica?
Description
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.
Medica’s Financial Analyst IV is responsible for analyzing financial data for our Individual Family Business (IFB) and Commercial segment finance teams. This role maintains and updates financial models and reporting analysis to support budgeting, forecasting, and financial reporting processes. This position will work to improve financial status by analyzing results, monitoring variances, identifying trends, and recommending actions to management. Prepare recurring and ad hoc financial reports, summaries, and presentations materials for leadership reviews. Collaborate with cross functional teams to develop financial analysis and support decision-making.
Qualifications:
The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. 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 compensation, 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.
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.
Medica’s Financial Analyst IV is responsible for analyzing financial data for our Individual Family Business (IFB) and Commercial segment finance teams. This role maintains and updates financial models and reporting analysis to support budgeting, forecasting, and financial reporting processes. This position will work to improve financial status by analyzing results, monitoring variances, identifying trends, and recommending actions to management. Prepare recurring and ad hoc financial reports, summaries, and presentations materials for leadership reviews. Collaborate with cross functional teams to develop financial analysis and support decision-making.
Qualifications:
- Bachelor’s degree in Accounting, Finance, Economics or equivalent combination of education and work experience
- 5 years of related experience within data analysis, financial reporting, financial analysis, and/or forecasting experience required beyond degree
- Expert or advanced MS Excel skill and PowerPoint experience
- Strong interpersonal and communication skills with the ability to collaborate with cross-functional teams ex. Actuarial, Claims Operations, etc.
- Experience with budget and forecasting cycles within a complex organization
- Advanced Microsoft Excel and Powerpoint experience
- Analytical, decision-making, and organizational skills
- Demonstrated problem solving skills required for this role
- Ability to present data in a consumable format
- Result driven and detail oriented with the ability to manage and collaborate multiple priorities in a dynamic environment
- 7 years of related experience
- Knowledge of the health insurance industry, operations, and key expense drivers.
- Knowledge and experience with GAAP and statutory accounting
- Experience presenting and preparing materials for leadership in a clear and concise manner
- Adaptability and fast learning ability. Solution-oriented project management skills.
- TM1 and/or SQL experiences desired
The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. 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 compensation, 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.
Salary : $88,800 - $152,300