Consultant, Technical Accounting - NFS

As a team member in the Finance department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor, Internal Audit, and so much more. 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.

Internal Comp Grade is G3

This is a hybrid position located in Columbus Ohio and you will be required to come into the office two days per week. 

Consultant, Accounting Advisor (Nationwide Financial Technical Accounting)-This role is responsible for researching and communicating the proper application of GAAP and SSAP accounting standards related to key strategic initiatives and new accounting standards impacting the Nationwide Financial business segment. This role requires the ability to present and explain, both orally and in writing, complex accounting topics to a diverse group of cross functional business partners across Nationwide as well as external auditors.

Job Duties:

• Conducts accounting policy research of GAAP and SSAP standards and coordinates with business partners to ensure standards are applied appropriately to new products and/or strategically important or complex transactions
• Performs review of transaction/product contracts to ensure all relevant accounting implications are identified and considered
• Prepares Ad-Hoc analyses to support conclusions reached with external auditors and regulators
• Prepares pro-forma financial statements for significant or complex transactions and ensures the transaction is reported accurately in the financial statements
• Prepares/performs review of accounting conclusion documentation and coordinates review with external auditors  
• Monitors proposed standard updates and works with business partners to assess the impact of and implement newly issued accounting standards
• Coordinates with the Accounting Policy Team to ensure accounting policies are updated as needed to reflect changes in accounting policy

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

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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-enabled, digitally-focused organization, where Controllership is a captivating and respected career, we want to hear from you!
As a Consultant, you'll provide consultation on the standard methodologies to acquire, evaluate, interpret, record and analyze financial data used to prepare statements and/or reports for various regulatory and statutory authorities and for internal management. We’ll count on you to demonstrate integrity and solid financial acuity with our customers, business partners and regulators.

Job Description

Key Responsibilities:

• Coordinates the research, analysis and implementation of new and/or revised accounting policies and procedures. Develops recommendations to enhance, improve or facilitate job performance, processing or workflow.

• Advises senior management on acquiring data, records, analyzing and preparing complex accounting transactions and statements.

• Responsible for development and submission of complex accounting and financial transactions required to ensure accurate reporting at all levels.

• Advises management of the accuracy of all reports, forms and data provided to internal and external clients/customers.

• Coordinates development of actions/policies to deal with unfavorable financial situations as disclosed by accounting analysis.

• Functions as the specialist on changes to GAAP and/or STAT regulatory requirements which ultimately impact the submission of financial documents, reports and other data. Provides consultation on the internal impact.

• Acts as project lead in development and design of new and enhanced systems and processes within the assigned area(s).

• Guides the preparation and analysis of the most complex pro-forma financial data required for compliance with new requirements.

• Provides advice to management on applying financial data and analysis to solve administrative and operating problems.

• Coordinates and owns the preparation of complex financial information to provide to auditors, IRS, state examiners and other regulatory agencies, as assigned.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Accounting Manager/Director; This is an individual contributor role, may serve in a project lead capacity.

Typical Skills and Experience:

Education: Undergraduate studies in accounting, finance or business administration; accounting major and degree preferred.

License/Certification/Designation: Progress towards CPA preferred.

Experience: Six or more years of related accounting experience; insurance experience preferred.

Knowledge, Abilities and Skills: GAAP and/or STAT knowledge and functional business area regulatory requirements. Knowledge of industry standard methodologies in sophisticated financial statement preparation, including consolidation of companies/subsidiaries. Knowledge of taxation principles and the related impact on statement preparation. Understands company organizational structure, products and services. Verbal and written communication skills for internal/external contacts. Ability to analyze, discover and solve accounting problems, to interpret financial documents and data and to analyze and interpret legal requirements. Project management skills. Ability to interpret changes in financial reporting and legal requirements relative to the impact on financial statement preparation and to the formulation of company or business area policies and procedures. Ability to effectively operate a personal computer and related software. Ability to apply accounting principles, theories, concepts and practices to specialized, unique and/or nonrecurring complex problems.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not eligible)

Working Conditions: Normal office environment; may require extended hours in periods of high work volume.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Credit/Background Check: Due to the fiduciary accountabilities within this job, a valid credit and/or background check will be required as part of the selection process.

Benefits

We have an array of benefits to fit your needs, including: 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, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.