Finance Manager, Clinical FP&A

Medica; Madison (WI); On-site; USD 110,000 - 160,000; Full time

Job summary

Medica, a nonprofit health plan, is seeking a Finance Manager, Clinical to lead budgeting, forecasting, and financial analysis for clinical operations. You will partner with clinical leadership, operational teams, and executives to ensure financial performance and regulatory compliance while supporting cost management and informed decision-making across clinical programs.

The role emphasizes collaboration, financial modeling, and dashboards to track KPIs such as labor costs, revenues, and

Qualifications

• Bachelor's degree or equivalent experience.
• 7+ years of work experience beyond degree.
• Advanced proficiency in Excel and financial reporting tools.
• Strong communication, presentation, and stakeholder management skills.

Responsibilities

• Lead budgeting, monthly forecasting, and long-range financial planning for clinical operations.
• Analyze financial performance, identify trends, and provide actionable recommendations.
• Develop and maintain financial models to support strategic initiatives.
• Monitor budgets and provide variance analysis against budget and forecast.

Skills

Advanced Excel

Financial analysis

Financial reporting

Presentation skills

Stakeholder management

Education

Bachelor's degree

Master's degree preferred

Tools

Microsoft Excel

Job description

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.

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 Finance Manager, Clinical is responsible for leading financial planning, budgeting, forecasting, reporting, and financial analysis activities that support clinical operations and healthcare service delivery. This role partners closely with clinical leadership, operational teams, and executive stakeholders to ensure financial performance, regulatory compliance, cost management, and informed decision-making across clinical programs and departments.

Key Accountabilities

Financial Planning & Analysis

• Lead annual budgeting, monthly forecasting, and long-range financial planning processes for clinical operations.
• Analyze financial performance, identify trends, and provide actionable recommendations to improve efficiency and profitability.
• Develop and maintain financial models to support strategic initiatives, business cases, and operational decisions.
• Monitor clinical department budgets and provide variance analysis against budget, forecast, and prior-year performance.

Clinical Operations Support

• Partner with clinical leaders to evaluate staffing models, productivity metrics, and resource utilization.
• Assess the financial impact of new clinical programs, services, and operational initiatives.
• Support cost containment strategies while maintaining quality patient care and regulatory compliance.
• Provide financial guidance on capital investments, equipment purchases, and clinical program expansions.

Reporting & Analytics

• Prepare and present monthly, quarterly, and annual financial reports to leadership.
• Develop dashboards and key performance indicators (KPIs) related to clinical operations, labor costs, revenues, and productivity.
• Analyze reimbursement trends, payer mix, revenue cycle performance, and operational expenses.
• Deliver insights and recommendations to support data-driven decision-making.

Compliance & Controls

• Ensure compliance with organizational financial policies, healthcare regulations, and accounting standards.
• Support internal and external audits and provide required financial documentation.
• Maintain strong financial controls and risk management practices.
• Assist in implementing and improving financial processes and reporting systems.

Leadership & Collaboration

• Build strong relationships with clinical, operational, and administrative stakeholders.
• Mentor and support finance team members as applicable.
• Lead cross-functional projects involving finance, clinical operations, and organizational strategy.
• Drive continuous improvement initiatives across financial and clinical processes.

Required Qualifications

• Bachelor's degree or equivalent experience in a related field
• 7+ years of work experience beyond degree
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Strong communication, presentation, and stakeholder management skills.

Preferred Qualifications

• Master's degree (MBA, MHA, or related field).
• CPA, CMA, HFMA, or other relevant professional certification.
• Strong financial modeling, budgeting, forecasting, and analytical skills.