Director FP&A, Corporate Functions

Overview

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.

Director FP&A - Corporate Functions will lead and partner across the enterprise to drive business results, develop financial plans, projections, analyses, insights, and influence strategic direction. The Director will be a key partner to senior business leaders, accountable for developing, leading, and implementing best-in-class FP&A processes and standards while developing and leading a team of highly effective and valued finance business partners.

The Director will be the primary owner of ELT relationships in this space leveraging their team to execute on the strategic direction of FP&A, the business, and to implement consistent and best in class FP&A processes & standards across their areas of responsibility. This position will be required to coordinate work with the Corporate reporting team, Segment finance team, Market Team, and TMO Finance team to ensure alignment on goals, priorities, processes, and strategic direction.

This role will also be expected to partner with our financial systems team and analytics teams to better leverage internal systems and automation capabilities within our FP&A processes.

This role will have oversight for primarily all administrative functions including (but not limited to):
Legal, Markets, Operations, Technology, Clinical Services, Human Resources, Finance, and Executive.

• Develop and implement best-in-class FP&A capabilities, processes and standards
  • Key strategic partner to business leaders to lead complex and meaningful financial and business analyses. Will act as the lead support to several divisions including Technology, Operations, HR & HR programs, Finance, Legal, and Executive.
  • Support high-level decision makers including members of the Executive and Senior Leadership Teams. Provide insights and recommendations based on financial analyses to support decision-making and drive business performance.
  • Understand and create enterprise awareness of business impacts from decisions, strategic initiatives and related business model changes.
  • Implement consistent finance business partner support model to provide consistent high quality experience across business stakeholders
  • Establish consistent timelines, processes, and approaches for FP&A support and deliverables while leveraging technology to further reduce manual work streams
  • Develop presentations that clearly communicate conclusions, alternatives, recommendations and risks.
• Forecasting, Annual Budgeting, Long-term Planning
  • Lead efforts for assigned areas toward the development and execution of effective and accurate enterprise wide 5-year outlook, annual budgeting, regular forecasting and scenario planning including insights, analyses, strategies, and recommendations to meet enterprise objectives.
• Admin Allocations
  • Own enterprise allocations including:
  • HR program allocation process & rates (between HR programs and cost centers)
  • Admin segment and pricing allocation rates (established annually through a robust annual admin PMPM model update and review process)
  • Leads full work plan, process, and reviews to establish and finalize in Q1 annually for next pricing cycle
  • Other allocations as necessary such as any interim updates in rates and supporting transformation/strategic portfolio cost tracking
• Partner and actively integrate Transformation program investments & value into business operations
  • Partner with transformation finance team to establish, estimate, and validate transformation program investment and value assumptions
  • Collaborate with transformation finance and implement process to transition program investments and committed value (cost savings or otherwise) into admin run rate while continuing delivery of enhanced enterprise efficiency
  • Establish clarity for finance and business stakeholders on their full resource budgets (admin and transformation) enabling them to manage both effectively and clearly
• Talent Management
  • Lead, coach, and develop a motivated and high-talent team of FP&A business partners and analysts aligned with and embedded in business areas throughout the enterprise.
• Enterprise Incentives
  • Play a key role in developing and maintaining Medica's annual and long-term incentive plans for employees.

• Bachelor's degree or equivalent experience (Advanced degree MA, MBA, MHA) or significant…