Senior Director Financial Planning and Analysis

The Senior Director of FP&A leads two teams critical to Medica's organizational financial rigor: 1) Corporate FP&A team and 2) Expense Management Function.

The Corporate FP&A team, under leadership of this position, owns the enterprise budgeting and forecasting processes, enterprise reporting (Monthly Business Reviews, Board of Director Reporting, other enterprise reporting requests), and management of our finance planning system (TM1).

The Expense Management Function, under leadership of this position, is responsible for serving as the strategic finance business partners for our administrative functions. This entails partnering with leaders across the organization on budgeting, forecasting, investment analysis (CBAs), compliance support, and cost containment strategies.

In addition to leading these identified teams, the Senior Director will work closely with the VP of FP&A as well as the executive team to develop and implement financial strategies that support the organization's mission and goals.

Key Accountabilities:

• Budget Cycle




• Create and maintain budgeting and forecasting policy, process, timelines, and deliverables
• Engage with department heads to ensure proper budget inputs and align department goals with annual budget
• Review and approve departmental budgets, ensuring they are realistic and achievable
• Establish and maintain rhythm of business routine for budget management reporting
• Monitor budget adherence and address variances promptly
• Actively manage financial risks and opportunities monthly in collaboration with other departments to ensure we meet annual budget.




• Forecast Cycle




• Manage the rolling forecast process, ensuring accurate and up-to-date financial projections
• Analyze financial data to predict future financial performance
• Adjust financial forecasts based on changing conditions and new information
• Provide insights and recommendations to the executive team based on forecast data
• Establish and maintain rhythm of business routine for rolling monthly forecast management reporting




• Cost Containment




• Oversee the development and implementation of cost containment strategies and policies
• Monitor and analyze expenditure to ensure alignment with the budget
• Identify cost-saving opportunities and drive initiatives to improve financial efficiency
• Robust management of annual Capital Expenditure forecast to enable organization growth.




• Capital Planning




• Lead the annual financial planning process in collaboration with department heads
• Develop long-term financial plans to support the organization's strategic objectives
• Ensure financial plans are aligned with the mission and operational goals of the organization
• Provide regular updates to the executive team on financial planning status and progress




• Leadership & Team Management




• Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and professional growth
• Ensure the finance team is equipped with the necessary skills and tools to perform their duties effectively
• Promote collaboration and knowledge sharing within the team and across the organization




• Reporting & Compliance




• Establish robust analytic metrics across regions enabling management to improve financial results
• Ensure compliance with all relevant financial regulations and standards
• Prepare and present financial reports to the executive team and board of directors
• Support internal and external audits, providing necessary documentation and explanations
• Maintain robust financial controls and procedures to safeguard the organization's assets
• Manage the preparation and review of the monthly internal financial reporting package and lead the discussion during the monthly financial review meeting with the executive leadership team

Qualifications:

• Bachelor's degree; Master's degree in finance, accounting, business administration, or CPA preferred
• 10+ years of experience in corporate finance, with at least 5 years in a senior leadership role, preferably in healthcare or not-for-profit sector
• Proficiency in financial software and tools, such as ERP systems and advanced Excel

Skills and Abilities:

• Strong knowledge of financial planning, budgeting, and forecasting processes
• Prior experience in a business partner role or leading a team of finance business partners
• Proven experience in cost containment management
• Excellent analytical, strategic thinking, and problem-solving skills
• Strong leadership and team management capabilities
• Superior communication and interpersonal skills, with the ability to effectively convey complex financial information to non-financial stakeholders

This position is an Office role, which requires an employee to work from the designated office, Minnetonka MN, on average, 2+ times per week.

The full salary range for this position is $143,500 - $246,000. 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.

Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity/Affirmative Action 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.