Specialist - Investment Accounting

Nationwide Mutual Insurance • Columbus, OH

1d • Hybrid

About The Position

The Specialist plans, coordinates, and performs complex investment accounting functions. The role uses advanced accounting principles and procedures to acquire, assemble, evaluate, interpret, record, and analyze financial data for financial documents and reports used by regulatory and statutory authorities and internal management. Responsibilities include preparing and reviewing quarterly and annual investment-related financial reporting, such as Statutory and GAAP investment footnotes, regulatory reporting, investment balance sheet and income statement analysis, rating agency deliverables, and materials for the board of directors and audit committee.

The Specialist may also contribute to a transformational investment system project, portfolio-wide risk analysis, continuous improvement initiatives, and informal coaching and development of associates. The role works under limited guidance on developing and designing systems and processes within assigned areas and may serve as a group leader on selected projects. The position reports to the Investment Accounting Manager.

The associate must reside within 35 miles of 1 Nationwide Plaza. The schedule is two days in the office and three days remote. The position is in a normal office environment and may require extended hours during periods of high volume. It is exempt and not eligible for overtime. Employer-sponsored work authorization is not available, 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 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 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.
• Verbal and written communication skills for internal and external contacts.
• 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

• Establish and implement new or revised investment accounting policies and procedures in a lead role.
• Prepare and analyze complex financial and regulatory statements for assigned companies or business areas.
• Maintain investment accounting records for coordinating, preparing, and submitting required reports.
• Develop and submit complex investment accounting and financial transactions required for proper reporting.
• Ensure reports, forms, and data provided to internal and external clients are complete and accurate.
• 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 within assigned areas under limited guidance.
• Recommend improvements to assigned areas to enhance 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 in a group leader capacity for other investment accountants on selected projects.
• Perform other responsibilities as assigned.
• Prepare and review quarterly and annual investment-related reporting, including Statutory and GAAP investment footnotes, regulatory reporting, internal investment balance sheet and income statement analysis, rating agency deliverables, and board and audit committee deliverables.
• Potentially contribute to a transformational investment system project, portfolio-wide risk-related analysis, informal associate coaching and development, and continuous improvement projects.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior