Specialist, Investment Accounting

Nationwide•Columbus, OH

2d•$79,500 - $148,500•Hybrid

About The Position

As a team member in Nationwide’s Finance organization, the Specialist, Investment Accounting plans, coordinates, and performs complex investment accounting functions. The role uses advanced accounting principles and techniques 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 GAAP and Statutory investment footnotes, regulatory reporting, internal investment balance sheet and income statement analysis, rating agency deliverables, and board of directors and audit committee deliverables. Other work across the Investments Reporting, Data and Technology team may include participation in a transformational investment system project, portfolio-wide risk analysis, informal associate coaching, and continuous improvement initiatives. This is a hybrid position in Columbus, Ohio, with an office attendance requirement of two days per week. The role does not qualify for employer-sponsored work authorization; Nationwide does not participate in the STEM OPT extension program. It reports to the Investment Accounting Manager. The position is exempt from overtime and is performed in a normal office environment, though extended hours may be needed 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.
Knowledge of GAAP and/or functional business area regulatory requirements.
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.
Ability to analyze 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 formulation of company or business area policies and procedures.
Verbal and written communication skills for internal and external contacts.
Ability to effectively use a personal computer and related software using advanced techniques.
Ability to apply investment accounting principles, theories, concepts, and practices to specialized, unique, and/or nonrecurring complex problems.
Regularly and consistently demonstrate Nationwide Values.
Meet any other criteria, including leadership skills, competencies, and experiences, that may take precedence over the listed criteria.
Pass a valid credit and/or background check as part of the selection process.

Nice To Haves

Account major and degree preferred.
CPA studies desirable.
Investment accounting experience in the insurance or financial services industries is preferred.

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 and/or business areas.
Maintain complex investment accounting records needed to coordinate, prepare, and submit required reports.
Develop and submit complex investment accounting and financial transactions required 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 other financial data.
Participate in the development and design of complex new systems and processes.
Own the development and design of new and enhanced systems and processes within assigned areas, under limited guidance.
Recommend changes to areas of responsibility to improve job performance, processing, or workflow.
Ensure preparation and analysis of complex pro forma financial data required for compliance 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, as assigned.
Prepare special reports and presentations as directed.
Serve in a group leader capacity for other investment accountants on selected projects.
Prepare and review quarterly and annual investment-related financial reporting, including GAAP and Statutory investment footnotes, regulatory reporting, internal investment balance sheet and income statement analysis, rating agency deliverables, and board of directors and audit committee deliverables.
Potentially participate in an investment system transformation project, portfolio-wide risk-related analysis and activities, informal coaching and development of associates, and continuous improvement projects.
Perform other responsibilities as assigned.

Benefits

Medical insurance
Dental insurance
Vision insurance
Life insurance
Short- and long-term disability coverage
Paid time off: newly hired associates receive 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