Sr Analyst, Financial Reporting

Nationwide Mutual Insurance•Columbus, OH

2d•Hybrid

About The Position

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care. This is a hybrid position located in Columbus Ohio and you will be required to come into the office two days per week. This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. Job Description Summary Do you want to invest in yourself and thrive in an environment of innovation, problem solving, collaboration and learning? If you’re prepared to work in a technology-enable, digitally focused organization, where controllership is a captivating and respected career, we want to hear from you! As a Senior Analyst, you'll perform complex functions associated with GAAP and statutory financial reporting, premium taxes, payroll taxes, and/or statistical and supplemental statutory reporting requirements. Your responsibilities also may also include preparation and analysis of reports that are filed with the SEC, industry bureaus, government agencies, state departments of insurance, taxing authorities, and/or other regulatory agencies. We'll count on you to work closely with others on monitoring and evaluating controls, income/expense analysis and special projects. Job Description Key Responsibilities: Prepares and reviews complex federal, state and local statutory financial statements and reports, supplemental and statistical forms and data calls and/or employment, premium, sales/use and personal property tax returns, as well as related journal entries as assigned in accordance with state and federal laws, regulations and/or instructions. These reports, forms, returns, and data calls are provided to various state and federal regulatory bodies, Fortune Magazine, various ratings agencies (S&P, Moody's, AM Best, etc.), debt-holders, the Nationwide Audit Committee, various state agencies and/or others. Assists in reviewing and evaluating quarterly financial results and assists in analyzing trends to ensure accurate reporting, integrity of data and to avoid fines and penalties. Stays informed and assists in analyzing the potential impact of pending legislation and proposed new or revised GAAP and statutory accounting policies, as directed. Participates in research, analysis and implementation of new and/or revised accounting policies, procedures and disclosures with Accounting policy. Ensures the timely initiation of high dollar amounts of related tax and fee payments as required by the state and federal laws, regulations and instructions. Provides audit evidence and support to external audit firms and state departments of insurance, under direction. Assists in responding to requests and inquiries from external auditors, IRS, state departments and examiners, statistical bureaus and/or other regulatory agencies on analytical inquiries, compliance and/or data quality/integrity matters. Helps prepare information to be used in the administration and settlement of financial and tax audits. Assists in improving monthly/quarterly close and reporting process. Reviews work performed by offshore contractors, as requested and under direction. Prepares, reviews and maintains documentation and testing of controls over financial reporting, as assigned. Participates in the development and design of new and enhanced systems and processes to produce high-quality results in an efficient manner, while meeting all established and regulatory timelines. Prepares special reports and presentations to management and internal customers as advised. Participates on selected projects as advised. May perform other responsibilities as assigned. Reporting Relationships: Reports to Manager or Director

Requirements

Undergraduate degree in business administration, accounting, finance, insurance or other relevant academic subject areas preferred.
More than two years of relevant industry experience.
GAAP and/or statutory accounting bases.
Insurance regulatory requirements.
Complex financial statement preparation, including consolidation of companies/subsidiaries.
Financial/statistical analysis.
Principles of taxation and the related impact on financial statement preparation.
Accounting and/or business computer systems.
Must have the ability to analyze financial or statistical results and trends and understand complex financial reporting requirements.
Must have verbal and written communication skills to communicate professionally with regulators and business partners.
Ability to understand changes in financial or statistical reporting and legal/regulatory requirements relative to the impact on financial statement preparation, premium and payroll taxes and supplemental or statistical filings and to the formulation of company or business area policies and procedures.
Must have the ability to operate and maintain efficient financial information networks, systems and software.

Responsibilities

Prepares and reviews complex federal, state and local statutory financial statements and reports, supplemental and statistical forms and data calls and/or employment, premium, sales/use and personal property tax returns, as well as related journal entries as assigned in accordance with state and federal laws, regulations and/or instructions.
Assists in reviewing and evaluating quarterly financial results and assists in analyzing trends to ensure accurate reporting, integrity of data and to avoid fines and penalties.
Stays informed and assists in analyzing the potential impact of pending legislation and proposed new or revised GAAP and statutory accounting policies, as directed.
Participates in research, analysis and implementation of new and/or revised accounting policies, procedures and disclosures with Accounting policy.
Ensures the timely initiation of high dollar amounts of related tax and fee payments as required by the state and federal laws, regulations and instructions.
Provides audit evidence and support to external audit firms and state departments of insurance, under direction.
Assists in responding to requests and inquiries from external auditors, IRS, state departments and examiners, statistical bureaus and/or other regulatory agencies on analytical inquiries, compliance and/or data quality/integrity matters.
Helps prepare information to be used in the administration and settlement of financial and tax audits.
Assists in improving monthly/quarterly close and reporting process.
Reviews work performed by offshore contractors, as requested and under direction.
Prepares, reviews and maintains documentation and testing of controls over financial reporting, as assigned.
Participates in the development and design of new and enhanced systems and processes to produce high-quality results in an efficient manner, while meeting all established and regulatory timelines.
Prepares special reports and presentations to management and internal customers as advised.
Participates on selected projects as advised.
May perform other responsibilities as assigned.

Benefits

medical/dental/vision
life insurance
short and long term disability coverage
paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
nine paid holidays
8 hours of Lifetime paid time off
8 hours of Unity Day paid time off
401(k) with company match
company-paid pension plan
business casual attire