VP Finance

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 Vice President, Segment & Market FP&A is a key member of the Finance leadership team responsible for leading financial partnership, planning execution, forecast quality, and performance management across Medica’s segments, markets, products, and business lines.

This position serves as the senior finance partner to segment, market, product, and growth leadership, helping translate enterprise financial objectives, planning standards, and performance expectations into actionable segment and market financial plans, forecasts, insights, and business decisions. The VP will lead the Segment & Market Finance team, strengthen financial accountability across business areas, and ensure high-quality segment and market inputs into enterprise planning, forecasting, and performance management processes.

The position requires strong business partnership, financial acumen, healthcare finance expertise, leadership capability, and the ability to operate effectively in a matrixed environment. The role will partner closely with Finance leadership, segment executives, actuarial, underwriting, product, growth, operations, and other cross‑functional teams to support improved financial performance, business accountability, and enterprise finance outcomes. Performs other duties as assigned.

Key Accountabilities:

• Strategic Segment & Market Financial Leadership and Partnership
  • Serve as the primary finance partner to segment, market, product, and growth leaders
  • Provide financial counsel on segment performance, market trends, product economics, growth opportunities, investment decisions, and go‑to‑market execution
  • Translate enterprise financial objectives into actionable segment and market financial plans
  • Support business leaders in understanding financial drivers, risks, opportunities, and tradeoffs
  • Partner with senior leaders to improve business accountability, decision quality, and financial performance across assigned segments and markets
  • Build strong relationships across segment, market, product, actuarial, underwriting, growth, operations, and finance teams
• Forecasting, Planning and Performance Analysis
  • Lead segment and market budget development, quarterly forecasting, variance analysis, and recurring financial planning processes
  • Ensure forecasts are accurate, timely, operationally grounded, and aligned with enterprise finance standards, calendars, and planning assumptions
  • Monitor performance against budget, forecast, prior year, and business objectives
  • Identify key drivers of variance, emerging trends, risks, and opportunities
  • Develop clear analysis and recommendations to support corrective actions and improved business outcomes
  • Ensure timely delivery of segment and market financial inputs into enterprise planning and performance management cycles
• Market Analysis and Business Strategy Support
  • Lead financial analysis supporting market performance, product strategy, membership trends, revenue drivers, medical cost trends, administrative cost performance, and growth opportunities
  • Partner with business leaders to evaluate business cases, market initiatives, product changes, pricing implications, investment decisions, and operational improvement opportunities
  • Provide actionable insights that improve financial performance and decision‑making
  • Help develop financial views of segment and market risks, opportunities, and performance improvement actions
• Executive Reporting and Leadership Reviews
  • Prepare and present segment and market financial performance materials for MBRs, QBRs, and leadership reviews
  • Provide clear, concise insights on results, forecast trends, risks, opportunities, and recommended actions
  • Ensure materials are timely, accurate, and aligned with enterprise finance standards and reporting expectations
  • Support leaders in preparing for business reviews and follow‑up actions
  • Provide finance leadership with visibility into performance, forecast changes, and emerging issues requiring escalation
• Team Leadership and Development
  • Lead, manage, and develop the Segment & Market Finance team
  • Build strong finance business partner capabilities across the team. Set clear goals, priorities, roles, and expectations
  • Coach team members to strengthen financial analysis, business partnership, communication, and executive presence
  • Manage team capacity, performance, succession planning, and talent development
  • Promote a culture of accountability, collaboration, analytical rigor, continuous improvement, and business partnership

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration or related field
• 15+ years of progressive finance experience, including significant experience in FP&A, business partnership, forecasting, budgeting, variance analysis, and financial performance management
• 5+ years of leadership experience managing finance teams and partnering with senior business leaders

Strongly Preferred Qualifications:

• MBA, CPA, or advanced finance/accounting degree preferred
• Health plan, payer, managed care, Medicare, Medicaid, Commercial, Individual/IFB, or value‑based care experience preferred
• Experience supporting market‑level, segment‑level, or product‑level P&Ls
• Experience building or maturing finance business partner models
• Experience leading finance teams through organizational change, process improvement, or finance transformation
• Experience with enterprise planning systems, financial reporting tools, and performance management processes
• Prior experience supporting executive‑level business reviews, operating cadences, or leadership reporting

Strongly Preferred Skills & Experience:

• Strong healthcare finance, managed care, payer, insurance, or similarly complex regulated industry experience
• Demonstrated experience supporting segment, market, product, or business unit financial performance
• Strong FP&A skills, including forecasting, budgeting, variance analysis, trend analysis, financial modeling, and performance management
• Ability to translate complex financial information into clear insights, recommendations, and business actions
• Experience partnering with senior business leaders to support strategic and operational decision‑making
• Strong understanding of revenue, margin, medical cost, administrative expense, membership, pricing, and product performance drivers
• Ability to lead financial planning and forecasting processes across multiple segments, markets, or product lines
• Strong executive communication and presentation skills
• Demonstrated ability to influence leaders and drive accountability in a matrixed environment
• Ability to balance business partnership with objective financial stewardship
• Strong leadership, coaching, talent development, and team‑building skills
• Demonstrated ability to improve processes, build capabilities, and lead through change
• Strong analytical judgment and ability to identify risks, opportunities, and performance improvement actions
• Ability to work collaboratively with Finance leadership, actuarial, underwriting, product, growth, operations, and other cross‑functional teams

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 base pay salary range for this position is $264,000-$396,000. Annual base pay salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and or licensures, the position’s scope and responsibility, internal pay equity and external market salary data.

In addition to base compensation, this position is eligible for Medica’s Short Term Incentive plan, Long Term Incentive plan and our Supplemental Executive Retirement Plan.

Medica offers a generous total rewards package that includes competitive medical, dental, vision, executive life insurance, Self‑Managed Time Off, 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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.