Senior Financial Analyst

Medica; Minnetonka (MN); On-site; USD 70,200 - 105,315; Full time

Job summary

Medica, a nonprofit health plan serving Minnesota and surrounding states, is hiring for a financial analytics role focused on the implementation of a new TPA-administered claims platform. You will partner with Finance, Actuarial, Claims Operations, IT, and the TPA to ensure data integrity, accuracy of accruals, and timely reporting.

The position emphasizes data validation, reconciliation, control processes, and collaboration with multiple stakeholders to support audits and strategic

Qualifications

• Bachelor's degree or equivalent experience in a related field.
• 5+ years of work experience beyond the degree.
• Health Insurance industry experience with claims knowledge.
• Experience with data quality checks in cross-functional implementations.

Responsibilities

• Lead financial data validation for the new TPA claims platform migration.
• Perform detailed attribute testing of data and reports with cross-functional teams.
• Maintain claims data quality by monitoring and modeling financial data.
• Build and run month-end reconciliation routines.
• Document processes to analyze results, monitor variances, and identify trends.
• Translate business requirements into financial and reporting requirements (ledger impacts, subledger mapping, accrual logic).
• Support audits and regulatory filing efforts.
• Handle special projects and ad hoc reporting.

Skills

Advanced Microsoft Excel

Analytical skills

Critical thinking

Financial data analysis

Microsoft Office suite

GAAP knowledge

Attention to detail

Report generation

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Excel

Microsoft Office

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.

Support the end-to-end financial planning, controls, and reporting for the implementation of a new TPA-administered claims platform. Partner with Finance, Actuarial, Claims Operations, IT and the TPA to design and validate financial data flows, ensure accuracy of claims and accruals, establish controls, and enable timely, insightful reporting. Own financial readiness, cutover validation, and post-go-live performance monitoring Perform other duties as assigned.

Key Accountabilities

• Lead financial data validation for new TPA claims platform migration
• Detailed attribute testing of data and reports in collaboration with other departments
• Implement and maintain claims data quality by collecting, monitoring, and creating financial models to support strategic decision-making
• Build and execute month-end reconciliation routines
• Develop and document processes and procedures to analyze results, monitor variances and identify trends
• Translate business requirements into financial and reporting requirements (e.g., ledger impacts, subledger mapping, accrual logic)
• Audit and regulatory filing support for internal and external auditors
• Special projects & ad hoc reporting

Required Qualifications

• Bachelor's degree or equivalent experience in a related field
• 5 years of work experience beyond the degree

Preferred Qualifications

• Health Insurance industry experience with a working knowledge of claims processes
• Experience with data quality checks in cross-functional implementations with clients/TPAs, including stakeholder management with Finance, Actuarial, Claims Operations, IT, Compliance and Treasury
• Advanced Microsoft Excel - excellent analytical and quantitative skills
• Ability to analyze financial data and generate reports
• Experience with internal and external audits, including GAAP knowledge
• Attention to detail, ensuring accuracy in financial reporting
• Critical thinking with advanced problem-solving skills in a fast-paced environment
• Managing multiple tasks and deadlines efficiently
• Communicate effectively and professionally
• Knowledge of Microsoft Suite

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 $70,200 - $120,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $70,200 - $105,315. 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.

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.