Vice President, Segment & Market FP&A

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.

The Vice President, Segment & Market FP&A is a key member of the Finance leadership team, responsible for driving financial strategy, performance, and business growth across the Commercial, IFB, Medicare, and Medicaid markets. This role provides visionary leadership in financial planning, analysis, and market strategy, partnering with senior leaders to optimize profitability, manage risk, and ensure compliance with regulatory requirements. The VP leads cross-functional teams and presents actionable insights to the executive team to inform strategic decision-making. Performs other duties as assigned.

Key Accountabilities:

• Strategic Financial Leadership and Partnership
  • Own and drive the financial strategy for all market segments, ensuring alignment with organizational goals and market conditions
  • Serve as the principal finance partner to product, strategy, and executive teams, providing recommendations to optimize profitability and operational efficiency
  • 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 & Analysis
  • Lead segment and market budget development, quarterly forecasting, variance analysis, and recurring financial planning processes
  • Monitor performance against forecasts, identify drivers of variances, and recommend corrective actions
  • Integrate market trends, regulatory changes, and competitive dynamics into financial planning
  • Ensure robust financial modeling and scenario analysis to support strategic initiatives
• Market Analysis & Strategy
  • Lead market analysis efforts to identify emerging trends, risks, and opportunities
  • Partner with business leaders to evaluate business cases, market initiatives, product changes, pricing implications, investment decisions, and operational improvement opportunities
• Executive Leadership & Influence
  • Present financial performance and strategic recommendations to the executive leadership team
  • Build and maintain strong relationships with senior leaders, positioning finance as a trusted advisor
  • Lead high-impact, ad-hoc financial analysis and strategic projects
• Team Leadership & 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, Innovation, 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 experience in finance, accounting, and/or product development
• 8+ years in direct management roles

Strongly Preferred Qualifications:

• MBA or advanced degree
• Industry Expertise: Deep knowledge of healthcare, insurance, or managed care, with direct experience in Commercial, IFB, Medicare, and Medicaid segments
• Technical Skills: Advanced proficiency in financial systems and tools (Excel, Tableau, ERP), financial modeling, and forecasting
• Leadership: Demonstrated ability to lead and develop teams, drive change, and influence senior stakeholders
• Strategic Skills: Strong strategic planning, analytical, and problem-solving abilities
• Communication: Exceptional oral and written communication skills, with the ability to present complex financial concepts to diverse audiences
• Compliance: Knowledge of applicable state and federal laws, including health care reform and industry regulations
• Other: Ability to thrive in a fast-paced, dynamic environment; experience with risk adjustment, reimbursement models, and regulatory compliance

Reporting Structure & Fiscal Responsibilities

• Direct reports may include Directors of Finance and Senior Analysts
• Indirect reports may include Financial Analysts and cross-functional team members
• Accountable for financial oversight and budgetary management of all market segments

Competencies

• Strategic Thinking
  • Ability to anticipate market trends and regulatory changes, translating insights into actionable strategies
  • Skilled in aligning financial objectives with organizational vision and long-term goals
• Financial Acumen
  • Deep understanding of complex financial modeling, forecasting, and P&L management
  • Expertise in interpreting financial data and driving decisions that optimize profitability and growth
• Leadership & Influence
  • Proven ability to lead diverse teams, foster collaboration, and build consensus across multiple stakeholders
  • Strong influencing skills to guide senior leaders and cross-functional teams toward strategic priorities
• Analytical & Problem-Solving Skills
  • Exceptional ability to analyze large datasets, identify trends, and develop innovative solutions to complex challenges
  • Comfortable navigating ambiguity and making decisions in dynamic environments
• Communication Excellence
  • Ability to articulate complex financial concepts clearly to non-financial audiences
  • Skilled in executive-level presentations and stakeholder engagement
• Change Management
  • Demonstrated ability to lead organizational change initiatives, ensuring smooth adoption and alignment with business objectives
• Collaboration & Relationship Building
  • Builds strong partnerships across departments, fostering trust and shared accountability for results.

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.