Vice President, Segment & Market FP&A

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 Vice President, Segment & Market FP&A is a key member of the Finance leadership team responsible for leading financial partnership, planning execution, forecast quality, and performance management across Medica’s segments, markets, products, and business lines.

This position serves as the senior finance partner to segment, market, product, and growth leadership, helping translate enterprise financial objectives, planning standards, and performance expectations into actionable segment and market financial plans, forecasts, insights, and business decisions. The VP will lead the Segment & Market Finance team, strengthen financial accountability across business areas, and ensure high-quality segment and market inputs into enterprise planning, forecasting, and performance management processes.

The position requires strong business partnership, financial acumen, healthcare finance expertise, leadership capability, and the ability to operate effectively in a matrixed environment. The role will partner closely with Finance leadership, segment executives, actuarial, underwriting, product, growth, operations, and other cross-functional teams to support improved financial performance, business accountability, and enterprise finance outcomes. Performs other duties as assigned.

Key Accountabilities:

• Strategic Segment & Market Financial Leadership and Partnership
  • Serve as the primary finance partner to segment, market, product, and growth leaders
  • Provide financial counsel on segment performance, market trends, product economics, growth opportunities, investment decisions, and go-to-market execution
  • Translate enterprise financial objectives into actionable segment and market financial plans
  • Support business leaders in understanding financial drivers, risks, opportunities, and tradeoffs
  • Partner with senior leaders to improve business accountability, decision quality, and financial performance across assigned segments and markets
  • Build strong relationships across segment, market, product, actuarial, underwriting, growth, operations, and finance teams
• Forecasting, Planning and Performance Analysis
  • Lead segment and market budget development, quarterly forecasting, variance analysis, and recurring financial planning processes
  • Ensure forecasts are accurate, timely, operationally grounded, and aligned with enterprise finance standards, calendars, and planning assumptions
  • Monitor performance against budget, forecast, prior year, and business objectives
  • Identify key drivers of variance, emerging trends, risks, and opportunities
  • Develop clear analysis and recommendations to support corrective actions and improved business outcomes
  • Ensure timely delivery of segment and market financial inputs into enterprise planning and performance management cycles
• Market Analysis and Business Strategy Support
  • Lead financial analysis supporting market performance, product strategy, membership trends, revenue drivers, medical cost trends, administrative cost performance, and growth opportunities
  • Partner with business leaders to evaluate business cases, market initiatives, product changes, pricing implications, investment decisions, and operational improvement opportunities
  • Provide actionable insights that improve financial performance and decision-making
  • Help develop financial views of segment and market risks, opportunities, and performance improvement actions
• Executive Reporting and Leadership Reviews
  • Prepare and present segment and market financial performance materials for MBRs, QBRs, and leadership reviews
  • Provide clear, concise insights on results, forecast trends, risks, opportunities, and recommended actions
  • Ensure materials are timely, accurate, and aligned with enterprise finance standards and reporting expectations
  • Support leaders in preparing for business reviews and follow-up actions
  • Provide finance leadership with visibility into performance, forecast changes, and emerging issues requiring escalation
• Team Leadership and Development
  • Lead, manage, and develop the Segment & Market Finance team
  • Build strong finance business partner capabilities across the team. Set clear goals, priorities, roles, and expectations
  • Coach team members to strengthen financial analysis, business partnership, communication, and executive presence
  • Manage team capacity, performance, succession planning, and talent…