Sr. Finance Business Partner

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 Senior Finance Business Partner will play a critical role in managing, analyzing, and forecasting administrative expenses while owning cost allocation methodologies across the enterprise. This role partners closely with Corporate Functions leaders to drive financial discipline, cost transparency, and data-driven decision making. The ideal candidate combines strong analytical skills with the ability to influence stakeholders and continuously improve financial processes.

• Lead the annual administrative cost allocation process, engage with department leads to ensure proper inputs and align enterprise goals with cost center allocations, ensuring it is realistic and achievable.
• Analyze allocation impacts and clearly communicate results to stakeholders, addressing questions and driving understanding.
• Provide clear, actionable insights on cost drivers, trends, and risks; proactively identify opportunities for cost optimization.
• Actively manage financial risks and opportunities monthly in collaboration with other departments to ensure financial targets are achieved.

• Develop and maintain complex ad hoc cost models for administrative and shared services expenses, providing scenario, sensitivity, and what-if analyses to support decision.
• Translate financial data into actionable insights, clearly communicating the story behind administrative cost trends, variances, and projected impacts to non-finance stakeholders.
• Proactively identify opportunities to simplify, standardize, or optimize cost structures, providing scenario, sensitivity, and what-if analyses to support decision.
• Support corporate-wide strategic and operational initiatives on an ad hoc basis, providing financial analysis, modeling, and decision support.
• Continuously improve forecasting accuracy, reporting efficiency, and processes through automation and standardization.

• Bachelor’s degree in Business Administration, finance or accounting or equivalent experience
• 7 years of work experience beyond degree in progressively more responsible finance roles

• Experience with administrative cost allocations and/or labor financial models
• Advanced Microsoft Excel skills; strong analytical and quantitative capabilities with proven experience building complex financial models to support decision making.
• Proven communication and interpersonal skills, with a demonstrated ability to translate complex financial information for non-financial executive stakeholders through written, verbal, and presentation formats.
• Demonstrated ability to make thoughtful, data-driven decisions.
• Ability to act in a trusted advisory role, operating as a finance partner for business leaders.

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 $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. Annual salary range placement…