Manager FP&A, Support

The Manager of FP&A, Support is responsible for leading an assigned FP&A function within the organization. This role works with their team to oversee and manage assigned portion of the administrative expense portfolio through budgeting, forecasting and financial analysis processes to support strategic decision-making by senior management, including developing comprehensive financial models and dashboards to evaluate business performance and identify opportunities for growth. Success is achieved by partnering with the leaders to understand their goals and recommend solutions to deliver outcomes through a P&L mindset. This strategic partner will operate like an in-house CFO for their assigned business areas/divisions/cost centers.

Key Accountabilities:

• Strategic Cost Optimization
  
  
  
  • Identify, develop and steer strategic plans and models that drive positive business outcomes. Examples are cost to acquire, cost-savings, benchmarking, trending, pricing, affordability opportunities, labor arbitrage models.
  • Lead the annual budgeting process, engage with department leads to ensure proper budget inputs and align department goals with annual budget, ensuring it is realistic and achievable.
  • Actively manage financial risks and opportunities monthly in collaboration with other departments to ensure we meet annual budget.
  
  
  
  
• Forecast Management
  
  
  
  • Play a significant role in sound and fact-based strategic decision-making, providing perspective across the enterprise. e. Provide insights and recommendations for cost optimization to the executive team based on forecast data.
  • Manage the rolling forecast process, ensuring accurate and up-to-date financial projections by adjusting financial forecasts with new information on changing conditions, creating supporting analysis, to predict future financial performance
  • Build, maintain, consolidate and cleanse data sources as appropriate.
  • Responsible for the labor expense control processes and accuracy. Partner with Human Resources on personnel reporting and enterprise workforce planning.
  
  
  
  
• Strategic Investment Optimization
  
  
  
  • Monitor and analyze expenditure to ensure alignment with the budget by proactively analyzing, identifying trends, communicating insights and help prioritize the budget in year to execute on our strategy and goals.
  • Provide regular updates to the leaders on investment expense planning status and progress considering the capital lens.
  • Balanced approach to controls, partnerships, investments and savings.
  
  
  
  
• Leadership & Team Management
  
  
  
  • Lead, mentor, and develop a finance team of 1-2, fostering a culture of continuous improvement and professional growth, and providing guidance on financial analysis and reporting.
  • Engage in recruitment/training of new finance staff that report to this person or others.
  • Promote collaboration and knowledge sharing within the team and across the organization
  
  
  
  
• Reporting & Controls
  
  
  
  • Provide trusted, respected strategic support through timely and accurate financial reports, projections, models, and analysis to the accountable leaders and executive
  • Support internal and external audits, providing necessary documentation and explanations
  • Maintain robust financial controls and procedures to safeguard the organization's assets
  
  
  
  

Minimum Qualifications/ Requirements:

• Bachelors degree in Business administration, finance or accounting or equivalent experience
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  5+ years of relevant experience in financial planning & analysis (FP&A), corporate finance, accounting, investment management or similar

  
  
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  3+ years of people leadership experience

  
  

Specific types of experience or skills required:

• Strong knowledge of financial planning, budgeting, and forecasting processes including cost optimization.
• Experience with recruitment, coaching, and training of financial professionals. i.e. leading a team of finance business partners
• Advanced Microsoft Excel - Excellent analytical and quantitative skills.
• Excellent strategic thinking, analytical and problem-solving skills with multiple financial information systems and related analytical tools.
• Superior communication and interpersonal skills, with the ability to effectively convey complex financial information to non-financial executive stakeholders through verbal, written, and presentation form. (Microsoft Power Point) e. synthesized materials from multiple sources into a clear, concise, compelling and accurate financial story.
• Demonstrable success managing multiple projects

This position is a Hub role, which requires an employee to occasionally come onsite to the office in Minnetonka, MN for applicable heads-up work. Frequency is determined by business need as decided by leadership.

The full salary range for this position is $98,400 - $168,600. 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.