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Job 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 leading financial partnership, planning execution, forecast quality, and performance management across Medica’s segments, markets, products, and business lines.
This position serves as the senior finance partner to segment, market, product, and growth leadership, helping translate enterprise financial objectives, planning standards, and performance expectations into actionable segment and market financial plans, forecasts, insights, and business decisions. The VP will lead the Segment & Market Finance team, strengthen financial accountability across business areas, and ensure high-quality segment and market inputs into enterprise planning, forecasting, and performance management processes.
The position requires strong business partnership, financial acumen, healthcare finance expertise, leadership capability, and the ability to operate effectively in a matrixed environment. The role will partner closely with Finance leadership, segment executives, actuarial, underwriting, product, growth, operations, and other cross‑functional teams to support improved financial performance, business accountability, and enterprise finance outcomes. Performs other duties as assigned.
Key Accountabilities:
Strategic Segment & Market Financial Leadership and Partnership Serve as the primary finance partner to segment, market, product, and growth leaders
Provide financial counsel on segment performance, market trends, product economics, growth opportunities, investment decisions, and go‑to‑market execution
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 and Performance Analysis Lead segment and market budget development, quarterly forecasting, variance analysis, and recurring financial planning processes
Ensure forecasts are accurate, timely, operationally grounded, and aligned with enterprise finance standards, calendars, and planning assumptions
Monitor performance against budget, forecast, prior year, and business objectives
Identify key drivers of variance, emerging trends, risks, and opportunities
Develop clear analysis and recommendations to support corrective actions and improved business outcomes
Ensure timely delivery of segment and market financial inputs into enterprise planning and performance management cycles
Market Analysis and Business Strategy Support Lead financial analysis supporting market performance, product strategy, membership trends, revenue drivers, medical cost trends, administrative cost performance, and growth opportunities
Partner with business leaders to evaluate business cases, market initiatives, product changes, pricing implications, investment decisions, and operational improvement opportunities
Provide actionable insights that improve financial performance and decision‑making
Help develop financial views of segment and market risks, opportunities, and performance improvement actions
Executive Reporting and Leadership Reviews Prepare and present segment and market financial performance materials for MBRs, QBRs, and leadership reviews
Provide clear, concise insights on results, forecast trends, risks, opportunities, and recommended actions
Ensure materials are timely, accurate, and aligned with enterprise finance standards and reporting expectations
Support leaders in preparing for business reviews and follow‑up actions
Provide finance leadership with visibility into performance, forecast changes, and emerging issues requiring escalation
Team Leadership and 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, 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 finance experience, including significant experience in FP&A, business partnership, forecasting, budgeting, variance analysis, and financial performance management
5+ years of leadership experience managing finance teams and partnering with senior business leaders
Strongly Preferred Qualifications:
MBA, CPA, or advanced finance/accounting degree preferred
Health plan, payer, managed care, Medicare, Medicaid, Commercial, Individual/IFB, or value‑based care experience preferred
Experience supporting market‑level, segment‑level, or product‑level P&Ls
Experience building or maturing finance business partner models
Experience leading finance teams through organizational change, process improvement, or finance transformation
Experience with enterprise planning systems, financial reporting tools, and performance management processes
Prior experience supporting executive‑level business reviews, operating cadences, or leadership reporting
Strongly Preferred Skills & Experience:
Strong healthcare finance, managed care, payer, insurance, or similarly complex regulated industry experience
Demonstrated experience supporting segment, market, product, or business unit financial performance
Strong FP&A skills, including forecasting, budgeting, variance analysis, trend analysis, financial modeling, and performance management
Ability to translate complex financial information into clear insights, recommendations, and business actions
Experience partnering with senior business leaders to support strategic and operational decision‑making
Strong understanding of revenue, margin, medical cost, administrative expense, membership, pricing, and product performance drivers
Ability to lead financial planning and forecasting processes across multiple segments, markets, or product lines
Strong executive communication and presentation skills
Demonstrated ability to influence leaders and drive accountability in a matrixed environment
Ability to balance business partnership with objective financial stewardship
Strong leadership, coaching, talent development, and team‑building skills
Demonstrated ability to improve processes, build capabilities, and lead through change
Strong analytical judgment and ability to identify risks, opportunities, and performance improvement actions
Ability to work collaboratively with Finance leadership, actuarial, underwriting, product, growth, operations, and other cross‑functional teams
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.
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.
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Worksite address
minnetonka, MN, 55345, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.