Manager, Treasury & Tax

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 Manager, Treasury & Tax is responsible for overseeing Medica's treasury operations, including daily cash management, ACH and wire transactions, investment monitoring, and resolution of cash processing issues. This role ensures optimal cash flow and return on assets through effective forecasting and modeling, while maintaining compliance with internal policies and external regulations. The manager will lead a team responsible for treasury and tax functions, provide training on banking processes, and collaborate across departments to support payments such as payroll, broker commissions, and provider reimbursements. Strong communication and leadership skills are essential to drive process improvements and maintain high service standards. Perform other duties as assigned.

Key Accountabilities

• Oversee treasury functions including timely investment of excess funds, approval of wire/ACH transactions, and monitoring of deposits and cash balances.
• Lead investment accounting and financial reporting, including daily cash projections and regulatory reporting (e.g., NAIC forms).
• Manage Treasury and Tax staff, fostering strong internal and external relationships and driving process improvements.
• Ensure compliance with tax regulations and Medica policies, including oversight of filings (990s, 1120s, 1099s) and coordination with internal audit.
• Resolve banking and vendor issues, lead ad hoc projects, and develop documentation and plans to support business needs.

Required Qualifications

• Bachelor's degree in accounting or finance
• Minimum of 7 years of relevant experience

Preferred Qualifications

• Experience in healthcare or insurance industry
• Familiarity with NAIC reporting requirements
• Prior experience with banking systems and fraud resolution
• Supervisory experience
• Treasury and tax experience
• Proficiency in Microsoft Excel
• Strong written, verbal, and interpersonal communication skills
• Proven customer service orientation
• Demonstrated leadership in a fast-paced environment
• Experience managing multiple projects

Skills and Abilities:

• Ability to model and forecast cash flow effectively
• Strong analytical and problem-solving skills
• High attention to detail and accuracy
• Ability to lead and develop teams
• Excellent organizational and time management skills
• Ability to communicate across all levels of the organization
• Commitment to continuous improvement and cost reduction

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 $98,400 - $168,600. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $98,400 - $147,525. 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.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

We are an Equal Opportunity 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.