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VP Controller

Company: Medica
Location: Minnetonka
Posted on: June 6, 2021

Job Description:

The Vice President, Controller has overall responsibility for the accurate accounting and budgeting for administrative expense for the entire organization. The position will be responsible for overseeing the general operations of the Administrative Expense Accounting, Budgeting, and Accounts Payable Departments. The Controller will work closely with the Leadership team to develop and implement strategies impacting the financial strength of the organization.


  • Establish fiscal controls necessary to manage the administrative expense for Medica. Responsibilities include administrative expense accounting, budgeting, and accounts payable functions and ensures these functions are successfully carried out in full compliance with all state, federal, local, or other requirements.
  • Directs the administrative expense budgeting and forecasting exercises, creating fixed/variable models for costs allowing budgets to adjust as changes occur in the business. Analyzes budget variances and provides reporting to senior leadership.
  • Work with business segment leaders to establish administrative expense targets for product pricing.
  • Ensures departments across the company manage administrative expense spending within established budgets in order to achieve overall company spending targets.
  • Develops an administrative expense reporting package for senior leadership and establishes a cadence for reviewing and addressing spending variances with the executive group.
  • Works with CFO and SVP Finance to prioritize deployment of company resources using the Strategic Prioritization Committee. Works with functional areas to review business cases on all planned projects. Documents decisions made in the committee and captures the impact in adjustments to budgets.
  • Manages the allocations of administrative expense to the products, identifying appropriate cost accounting models, ensuring the results meet expectations used in pricing Medica's products, and meet tax compliance requirements, state public programs contract requirements, Medicare requirements, and any other stakeholder requirement.
  • Benchmarks Medica's administrative expense levels against industry norms. Participates in surveys to understand the drivers of variances to benchmark data.
  • Completes regulatory reporting related to administrative expense.
  • Evaluate the performance of personnel in the Finance division, recommending training, and keep staff at the highest level of skill necessary to meet the department's needs and objectives.


  • Bachelor's degree in accounting, finance or a related field or equivalent experience.
  • 10+ years financial experience in the following areas: Insurance, managed care, health care, financial services

Skills and Abilities:

  • Proven experience with organization wide administrative expense management, control and oversight
  • Has a proven business acumen and effectively prioritizes work and decisions based on strong foundational knowledge of accounting and finance practices, reporting and standards
  • Ability to collaborate effectively with senior leaders from multiple business lines. Collaborate in the evaluation of budget impacts for new and existing expense requests and can apply financial discipline and guidance for buy/lease/build decisions
  • Is an effective steward of a diverse and lean budget and able to analyze requests and influence decisions based on expertise in administrative expense accounting, budgeting, and accounts payable functions
  • Is an effective and flexible communicator and works well with a range of process or product stakeholders at multiple levels of the organization
  • Team leadership skills with an ability to coach, mentor and develop team members responsible for daily AP and Account Administration functions
  • Health Insurance or other insurance related experience is preferred but not required
  • MHA required OR CPA, MBA, or MHA preferred but not required

Keywords: Medica, Minnetonka , VP Controller, Other , Minnetonka, Minnesota

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