Manager Finance

Medica; Madison (WI); On-site; USD 100,000 - 172,000; Full time

Job summary

Medica is seeking a Finance Leader to oversee the month-end close of the Fully-Insured Medica Legacy business, ensuring accurate claims processing, reserves, and regulatory reporting. The role involves leading and developing a team, coordinating CMS filings, and managing intercompany activities.

Ideal candidates will have a strong analytical mindset, experience supervising teams, and the ability to drive improvements across GL and platform migrations.

Qualifications

• Bachelor's degree in related field or equivalent experience.
• 6 years of experience.
• Prior supervision experience.

Responsibilities

• Lead medical expense month-end close for Fully-Insured Medica Legacy business, including claims and accrual accuracy, COB Rawlings recoveries, Plan-to-Plan and MDP/CGDP processing, Medicare Cost reporting, and Medicaid Legacy quarterly data submissions.
• Monitor weekly claims cycles and trends to identify variances and ensure timely processing.
• Prepare and post month-end journal entries for claims activity, including paid claims, interest, IBNR, and claim reserves.
• Reconcile and clear claims clearing account monthly; investigate and resolve timing or system-related issues.
• Develop, review, and validate IBNR estimates and claim reserves for month-end close.
• Reconcile medical expense movements to actuarial projections; analyze and explain variances.
• Retrieve CMS Plan-to-Plan files, review payment calculations, ensure attestations are completed.
• Record resulting receivables/payables and cash impacts in the GL.
• Process Manufacturer Discount Program (MDP) and CGDP payments, projections, and accruals.
• Create intercompany payables.
• Maintain appropriate reserves for vendor payments.
• Adjust non-claims expenses for invalid Product/Unit/DOS/Location combinations.
• Provide subject-matter expertise for GL migration activities including requirements clarification, data validation, parallel testing, and reconciliation of legacy vs new GL outputs.
• Support platform migration initiatives including testing and issue resolution.
• Promote financial data enhancements and resolve system-related issues.
• Conduct regular one-on-one meetings for team leadership and coaching.
• Participate in team meetings, leadership forums, and organizational events.

Skills

Analytical skills

Attention to detail

Leadership

Team development

Education

Bachelor's degree or equivalent

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.

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.

POSITION SUMMARY

Lead medical expense month-end close for Fully-Insured Medica Legacy business, including claims and accrual accuracy, COB Rawlings recoveries, Plan-to-Plan and MDP/CGDP processing, Medicare Cost reporting, and Medicaid Legacy quarterly data submissions. This role requires strong analytical skills, attention to detail, and the ability to manage complex financial processes while leading and developing team members.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Claims & Medical Expense Management

• Monitor weekly claims cycles and trends to identify variances and ensure timely processing
• Prepare and post month-end journal entries for claims activity, including paid claims, interest, IBNR, and claim reserves
• Reconcile and clear claims clearing account monthly; investigate and resolve timing or system-related
• Develop, review, and validate IBNR estimates and claim reserves for month-end close
• Reconcile medical expense movements to actuarial projections; analyze and explain variances

Financial Close & Reporting

• Retrieve CMS Plan-to-Plan files, review payment calculations, ensure attestations are completed
• Record resulting receivables/payables and cash impacts in the GL
• Process Manufacturer Discount Program (MDP) and CGDP payments, projections, and accruals
• Create intercompany payables
• Maintain appropriate reserves for vendor payments
• Adjust non-claims expenses for invalid Product/Unit/DOS/Location combinations

Regulatory Compliance & Filings

• Support DHS Data Request preparation and MLR Filing submissions
• Support Medicare Cost Report preparation including Annual Filing, Interim Cost Reports, Budget and Preliminary Models
• Provide audit support and analytics
• Prepare Reconciliation to Actuarial Triangles, Redundancy Schedules, Claims Rollforward, and Medical Expense

Systems & Process Improvement

• Provide subject-matter expertise for GL migration activities including requirements clarification, data validation, parallel testing, and reconciliation of legacy vs new GL outputs
• Support platform migration initiatives including testing and issue resolution
• Promote financial data enhancements and resolve system-related issues

Leadership & Team Development

• Conduct regular one-on-one meetings for team leadership and coaching
• Participate in team meetings, leadership forums, and organizational events

Required Qualifications

• Bachelor's degree in related field or equivalent experience
• 6 years of experience
• Prior supervision experience

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 $100,300 - $172,000. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $100,300 - $150,465. 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 base compensation, this position may be eligible for incentive plan compensation in addition to base salary. 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.

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.