Specialist - Investment Accounting

Nationwide•Columbus, OH

1d•$79,500 - $148,500•Hybrid

About The Position

As a member of Nationwide’s Finance team, the Specialist plans, coordinates, and performs complex investment accounting functions. The role applies advanced accounting principles, techniques, and procedures to acquire, assemble, evaluate, interpret, record, and analyze financial data used to prepare financial documents and reports for regulatory and statutory authorities and internal management. The position is responsible for preparing and reviewing quarterly and annual financial reporting for investment-related deliverables, including Statutory and GAAP investment footnotes, regulatory reporting, internal investment balance sheet and income statement analysis, rating agency deliverables, and materials for the board of directors and audit committee. Additional work across the Investments Reporting, Data and Technology team may involve a transformational investment system project, portfolio-wide risk analysis, informal coaching, and continuous improvement projects. The associate must reside within 35 miles of 1 Nationwide Plaza. The work schedule is two days in the office and three days remote. This role does not qualify for employer-sponsored work authorization, and Nationwide does not participate in the STEM OPT extension program. The position is exempt and not eligible for overtime, is performed in a normal office environment, and may require extended hours during high-volume periods. A valid credit and/or background check is required as part of the selection process.

Requirements

Six years of investment accounting experience, preferably in the insurance or financial services industries and within a specific product or business area.
Undergraduate studies in accounting, finance, or business administration; an accounting major and degree are preferred.
Knowledge of GAAP and/or regulatory requirements for the functional business area.
Ability to prepare complex financial statements, including consolidation of companies or subsidiaries.
Knowledge of taxation principles and their impact on financial statement preparation.
Knowledge of investment accounting and/or business computer systems.
Knowledge of company organizational structure, products, and services.
Verbal and written communication skills for internal and external contacts.
Ability to analyze, discover, and solve investment accounting problems; interpret financial documents and data; and analyze and interpret legal requirements.
Project management skills.
Ability to interpret changes in financial reporting and legal requirements that may affect financial statement preparation and the development of company or business-area policies and procedures.
Ability to operate a personal computer and related software using advanced techniques.
Ability to apply investment accounting principles, theories, concepts, and practices to specialized, unique, nonrecurring, and complex problems.
Regularly and consistently demonstrate Nationwide Values.
Must reside within 35 miles of 1 Nationwide Plaza.
A valid credit and/or background check is required as part of the selection process.

Nice To Haves

An accounting major and degree.
CPA studies.
Investment accounting experience in the insurance or financial services industries.

Responsibilities

Perform a lead role in establishing and implementing new or revised investment accounting policies and procedures.
Prepare and analyze complex financial and regulatory statements for assigned companies or business areas.
Maintain investment accounting records needed to coordinate, prepare, and submit required reports.
Develop and submit complex investment accounting and financial transactions for proper reporting.
Ensure the completeness and accuracy of reports, forms, and data provided to internal and external clients or customers.
Recommend management actions or alternatives when financial analysis identifies unfavorable trends, situations, or deviations.
Keep informed of changes to GAAP and regulatory requirements that affect statements, reports, and financial data.
Participate in developing and designing complex new systems and processes.
Recommend changes that improve or facilitate job performance, processing, or workflow.
Own the development and design of new and enhanced systems and processes in assigned areas, under limited guidance.
Ensure preparation and analysis of complex pro forma financial data required to comply with new requirements.
Assist management in applying financial data and analysis to administrative and operating problems.
Prepare assigned state and supplemental reporting requirements.
Prepare complex financial information for internal and external auditors, the IRS, state examiners, and other regulatory agencies.
Prepare special reports and presentations as directed.
Serve as a group leader for other investment accountants on selected projects.
Prepare and review quarterly and annual investment-related financial reporting, including Statutory and GAAP investment footnotes, regulatory reports, internal balance sheet and income statement analysis, rating agency deliverables, and board and audit committee deliverables.
As needed, participate in investment system transformation work, portfolio-wide risk-related analysis and activities, informal coaching and associate development, and continuous improvement projects.
Perform other responsibilities as assigned.

Benefits

Medical insurance
Dental insurance
Vision insurance
Life insurance
Short-term disability coverage
Long-term disability coverage
Paid time off, with newly hired associates receiving a minimum of 18 days per full calendar year, prorated quarterly based on hire date
Nine paid holidays
Eight hours of Lifetime paid time off
Eight hours of Unity Day paid time off
401(k) with company match
Company-paid pension plan
Business casual attire