Director, Financial Reporting

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. Financial & Statutory Reporting Prepare, review, and analyze monthly, quarterly, and annual GAAP and STAT financial statements for Medica Holding Company and subsidiaries Develop best practices and efficiencies in reporting Own the preparation and submission of quarterly and annual NAIC statutory filings (e.g., Health Annual Statement, quarterly blanks, MLR, and related schedules) Ensure compliance with GAAP, Statutory Accounting Principles (SSAPs), NAIC guidance, and state regulatory requirements Optimize reporting processes and consistency across all entities; review balance sheet and income statement fluctuations, with particular focus on premiums, medical claims, IBNR, capitation, risk adjustment, and premium deficiency reserves Regulatory & Audit Support Serve as the primary finance contact for annual GAAP and STAT audits, managing audit schedules, requests, and responses Coordinate with regulators, auditors, and internal stakeholders on filing requirements, adjustments, and interpretations Technical Accounting & Policy Research Monitor, interpret, and research new or amended GAAP and STAT accounting standards Assess accounting implications related to health‑specific matters such as medical loss ratio (MLR), reinsurance, risk adjustment, premium recognition, and claim reserves Draft and maintain technical accounting memoranda, policy documentation, and internal accounting guidance ERP & Reporting Systems (Workday) Partner with Accounting, IT, and project teams during Workday ERP implementation, enhancements, and reporting optimization Ensure Workday financial outputs align with regulatory, statutory, and management reporting requirements Identify opportunities for automation, standardization, and improved controls within the reporting process Cross‑Functional Collaboration & Leadership Partner closely with actuarial, financial planning and analysis, internal audit and compliance teams to ensure consistent and accurate reporting Lead, coach and develop team members Support special projects, regulatory initiatives, and ad hoc financial analyses Qualifications Bachelor’s degree in Accounting, Finance, or related field; CPA strongly preferred 10+ years of progressive accounting and financial reporting experience, with health insurance and STAT reporting experience preferred 3-5 years direct management experience Strong knowledge of US GAAP and Statutory Accounting Principles (SAP) Experience preparing and reviewing audited financial statements and statutory filings ERP experience required; Workday Financial Management experience preferred Strong analytical skills, attention to detail, and ability to manage multiple deadlines Excellent written and verbal communication skills, including the ability to explain complex accounting concepts to non‑accounting partners Preferred Attributes Experience supporting ERP implementations or major finance system transformations Familiarity with health‑specific reporting concepts such as claims reserves, IBNR, MLR, and risk adjustment Proactive, collaborative mindset with strong project management capabilities Position requires onsite work at our Minnetonka, MN office, on average 3 days per week. The full salary grade for this position is $130,300 - $223,400. The typical hiring salary range for this role is expected to be between $130,300 - $195,510. Annual salary 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 base compensation, this position may be eligible for incentive plan compensation in addition to base salary. 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. 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. #J-18808-Ljbffr Medica