Sr. Finance Analyst

Medica Services Company LLC; Minnetonka (MN); On-site; USD 70,000 - 120,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Paid time off

Holidays

Paid volunteer time off

401K contributions

Caregiver services

Job summary

Medica seeks a Finance Analyst III to lead complex financial analyses, modeling, and forecasting to support strategic decisions across the organization. You will refine analytical methods, enhance reporting, and share expertise with cross‑functional teams.

As a key resource, you will collaborate with Operations, Actuary, and Product to translate data into actionable operational insights, improving financial planning and performance.

Qualifications

• Bachelor's degree in business, finance, or related field.
• At least 5 years of work experience beyond degree.
• Proven experience collecting and analyzing financial data.
• Experience in budgeting and financial forecasting processes.
• Advanced Excel skills.
• Healthcare industry experience.

Responsibilities

• Lead complex financial analyses, modeling, and forecasting to support strategic decisions.
• Develop, maintain, and refine financial models to evaluate performance and scenarios.
• Monitor variances against forecasts and provide actionable insights to leaders.
• Collaborate with cross-functional partners to gather data and refine assumptions.
• Maintain dashboards and scorecards communicating financial performance.

Skills

Advanced Excel

Healthcare industry experience

Financial analysis

Education

Bachelor's degree in business, finance, or related field

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 Finance Analyst III leads complex financial analyses, modeling, and forecasting activities that support strategic decisions and operational performance across the organization. The role applies full professional proficiency to analyze results, monitor trends, investigate variances, and recommend actions that improve financial outcomes. With moderate decision‑making authority, the Finance Analyst III refines analytical methods, enhances reporting tools, and influences work processes within the team. The position also serves as a technical resource to colleagues by sharing expertise, supporting cross‑functional initiatives, and contributing meaningfully to team goals and financial planning processes. Performs other duties as assigned.

Key Accountabilities

• Lead Complex Financial Analysis & Decision-Support Modeling
  • Develop, maintain, and refine financial models to evaluate performance, assess scenarios, and support strategic and operational decisions
  • Conduct detailed analysis of financial results, identifying drivers of performance and translating insights into meaningful recommendations
  • Investigate variances against forecasts, budgets, and historical trends, and elevate significant issues when needed
  • Synthesize findings into clear, actionable insights for leaders, using visualizations and narrative explanations where appropriate
• Support Forecasting, Budgeting, & Multi-Period Financial Planning
  • Contribute to the development of annual budgets and quarterly forecasts by preparing schedules, assumptions, and supporting analyses
  • Validate inputs and assumptions to ensure accuracy, alignment, and consistency with organizational expectations
  • Model alternative scenarios to assess financial risks and opportunities, and recommend adjustments as conditions evolve
  • Collaborate with cross‑functional stakeholders to gather data, refine assumptions, and ensure shared understanding of financial drivers
• Monitor Business Performance, Variances, & Key Financial Metrics
  • Track actual performance against expectations, flag emerging trends, and provide timely updates to stakeholders
  • Conduct root‑cause analysis for material variances and prepare summaries that explain financial impacts and underlying factors
  • Maintain dashboards, reports, and scorecards that communicate financial performance and operational insights
  • Recommend metric enhancements or new indicators that improve visibility into financial health
• Serve as a subject matter resource to business partners by translating financial data into operational insights and actionable recommendations
• Participate in cross‑functional projects, ensuring financial implications are rigorously analyzed and clearly communicated
• Collaborate with departments such as Operations, Actuary, or Product to evaluate initiatives, interpret financial outcomes, or support business cases
• Communicate complex concepts to non‑financial partners in a clear, accessible manner
• Improve Analytical Processes, Tools, & Team Capabilities
  • Recommend improvements to financial processes, modeling approaches, or reporting tools to enhance accuracy and efficiency
  • Develop templates, standardized methodologies, or automated solutions that streamline recurring work
  • Review the work of peers or junior team members, offering feedback that improves quality and consistency
  • Share best practices, mentor colleagues informally, and contribute to a culture of continuous improvement

Required Qualifications

• Bachelor's degree in business, finance, or related required
• 5+ years of work experience beyond degree

Preferred Qualifications

• Proven experience collecting and analyzing financial data
• Experience in budgeting and financial forecasting processes within an organization
• Advanced Excel
• Accounting background
• Healthcare industry 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, Madison, WI, or St. Louis, MO.

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.