Sr. Financial Analyst

Sr. Financial Analyst

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.

Analyze financial data by collecting, monitoring and creating financial models for decision support. Improve financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management. Assist with annual and quarterly forecasting. Performs other duties as assigned.

The Senior Finance Business Partner will play a critical role in managing, analyzing, and forecasting administrative expenses while owning cost allocation methodologies across the enterprise. This role partners closely with Corporate Functions leaders to drive financial discipline, cost transparency, and data-driven decision-making. The ideal candidate combines strong analytical skills with the ability to influence stakeholders and continuously improve financial processes.

Key Accountabilities

Strategic Cost Optimization

• Lead the annual administrative cost allocation process, engage with department leads to ensure proper inputs and align enterprise goals with cost center allocations, ensuring it is realistic and achievable.
• Analyze allocation impacts and clearly communicate results to stakeholders, addressing questions and driving understanding.
• Provide clear, actionable insights on cost drivers, trends, and risks; proactively identify opportunities for cost optimization.
• Actively manage financial risks and opportunities monthly in collaboration with other departments to ensure financial targets are achieved.

Financial Modeling

• Develop and maintain complex ad hoc cost models for administrative and shared services expenses, providing scenario, sensitivity, and what-if analyses to support decision-making.
• Translate financial data into actionable insights, clearly communicating the story behind administrative cost trends, variances, and projected impacts to non-finance stakeholders.
• Proactively identify opportunities to simplify, standardize, or optimize cost structures, providing scenario, sensitivity, and what-if analyses to support decision-making.
• Support corporate-wide strategic and operational initiatives on an ad hoc basis, providing financial analysis, modeling, and decision support.
• Continuously improve forecasting accuracy, reporting efficiency, and processes through automation and standardization.

Required Qualifications

• Bachelors degree in Business Administration, finance or accounting or equivalent experience
• 7 years of work experience beyond degree in progressively more responsible finance roles

Preferred Qualifications

• Experience with administrative cost allocations and/or labor financial models
• Advanced Microsoft Excel skills; strong analytical and quantitative capabilities with proven experience building complex financial models to support decision making.
• Proven communication and interpersonal skills, with a demonstrated ability to translate complex financial information for non-financial executive stakeholders through written, verbal, and presentation formats.
• Demonstrated ability to make thoughtful, data-driven decisions.
• Ability to act in a trusted advisory role, operating as a finance partner for business leaders.

This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, or Madison, WI.

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.

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.