Medica Health Plans

Sr. Finance Business Partner

Medica Health Plans$88K — $133K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience in related field
  • 7 years of progressively responsible finance work experience
  • Experience with administrative cost allocations or labor financial models is preferred
  • Ability to prepare and present financial data to executives
  • Demonstrated capability for data-driven decision-making

Responsibilities

  • Support corporate-wide initiatives with financial analysis and decision support
  • Develop and maintain financial models for various analyses
  • Provide insights on cost drivers, trends, and optimization opportunities
  • Analyze allocation impacts and communicate results to stakeholders
  • Improve forecasting accuracy through automation and standardization

Benefits

  • Generous medical, dental, and vision plans
  • Paid time off and holidays
  • Paid volunteer time off
  • 401K contributions
  • Caregiver services and additional employee support programs
Full Job Description
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

  • Support corporate-wide strategic and operational initiatives on an ad hoc basis, providing financial analysis, modeling, and decision support.
  • Develop and maintain financial models to support scenario analysis, sensitivity analysis, and management decision support.
  • Provide clear, actionable insights on cost drivers, trends, and risks; proactively identify opportunities for cost optimization.
  • Analyze allocation impacts and clearly communicate results to stakeholders, addressing questions and driving understanding.
  • Continuously improve forecasting accuracy, reporting efficiency, and processes through automation and standardization.


Required Qualifications

  • Bachelor's degree or equivalent experience in related field
  • 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
  • Experience preparing and presenting financial data to executives.
  • Demonstrated ability to make thoughtful, data-driven decisions.
  • Ability to acted 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.

About Medica Health Plans

Medica Health Plans is a non-profit health insurance company based in Minnesota. It was founded in 1975 and provides health insurance to individuals, families, and employers in Minnesota, North Dakota, South Dakota, and Wisconsin. Medica offers a variety of health plans, including HMO, POS, PPO, and Medicare Advantage plans. The company also offers dental, vision, and pharmacy benefits. Medica has received high ratings for customer satisfaction and quality of care. The company is committed to improving the health of its members and the communities it serves.
Learn more about Medica Health Plans
Size
1,700 employees
Industry
Founded
1975

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