Specialist, Investment Accounting

Nationwide Mutual Insurance•Columbus, OH

1d•Hybrid

About The Position

As a member of Nationwide’s Finance team, the Specialist, Investment Accounting plans, coordinates, and performs complex investment accounting functions. The role uses 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 for 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 materials for the board of directors and audit committee. Depending on team needs, the role may also contribute to an investment system transformation project, portfolio-wide risk analysis, associate coaching, and process-improvement work. This is a hybrid position in Columbus, Ohio, requiring in-office work two days per week. The role reports to the Investment Accounting Manager. It is exempt and not eligible for overtime. It does not qualify for employer-sponsored work authorization, and Nationwide does not participate in the STEM OPT extension program.

Requirements

Six years of investment accounting experience, preferably in insurance or financial services 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 relevant business area.
Experience with complex financial statement preparation, 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 understand the company’s 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 use a personal computer and related software with 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.
A valid credit and/or background check is required as part of the selection process.
Work in the office two days per week in Columbus, Ohio.

Nice To Haves

CPA studies are desirable.
An accounting major and degree are preferred.
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 or business areas.
Maintain complex investment accounting records 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 reveals unfavorable trends, situations, or deviations.
Monitor changes to GAAP and regulatory requirements that affect statements, reports, and other financial data.
Participate in developing and designing complex systems and processes; own the development and design of new and enhanced systems and processes in assigned areas under limited guidance.
Recommend changes to improve or facilitate job performance, processing, or workflow.
Ensure preparation and analysis of complex pro forma financial data needed 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 GAAP and statutory investment footnotes, regulatory reports, internal balance sheet and income statement analysis, rating agency deliverables, and board and audit committee deliverables.
As applicable, contribute to investment system transformation work, portfolio-wide risk analysis, informal coaching and development of associates, and continuous-improvement projects.
Perform other duties as assigned.

Benefits

Medical, dental, and vision coverage
Life insurance
Short- and 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