Consultant, Investment Accounting

Nationwide; Columbus (OH); Hybrid; USD 97,000 - 180,000; Full time

Benefits offered by this job

Medical/dental/vision

401(k) with company match

Paid time off & holidays

Job summary

Nationwide is seeking a Consultant in Investment Accounting Advisor to join the Investment Controllership Reporting & Advisory team in Columbus, OH. The role involves advising on complex investment accounting transactions, recording and analyzing financial data for regulatory and internal reporting, and leading initiatives to improve processes.

Ideal candidates have seven years in investment accounting, GAAP knowledge, CPA progress, and strong communication.

Qualifications

• Seven years of investment accounting experience, preferably in the insurance or financial service industries.
• Progress towards CPA designation preferred.
• Experience with GAAP and regulatory reporting for investments.

Responsibilities

• Perform quarterly investment impairment analysis.
• Support investment consolidation evaluation process.
• Manage relationships with internal business partners and stakeholders.
• Research and advise on accounting for new investment opportunities or unusual transactions.
• Lead development and design of enhanced systems/processes in assigned areas.

Skills

GAAP knowledge

Investment accounting

Project management

Financial analysis

Communication skills

Regulatory knowledge

Data interpretation

Problem solving

Education

Undergraduate studies in accounting/finance/business administration

Accounting major and degree preferred

Tools

Investment accounting systems

Job description

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.

The Investment Controllership Reporting & Advisory team is looking for a passionate and driven individual to join us as a Consultant on the Reporting & Advisory team! If you are curious about how Nationwide invests our members’ premiums to generate returns and enjoy working through complex accounting and reporting matters, this could be the ideal role for you. The Investment Controllership Reporting & Advisory team is responsible for providing analysis and communication on complex investment accounting transactions, processes, and financial results. This role is critical in supporting reporting initiatives, strengthening business partner relationships, and driving process improvement.

The ideal candidate is a critical thinker with reporting or technical accounting experience who is naturally curious, passionate about learning, and motivated to continuously improve how our work gets done. This is a great opportunity for someone who wants to make a meaningful impact while growing their career in investment accounting within a supportive and collaborative team environment.

This position will be hired on a SuccessFlex basis.

The hired associate must reside within 35 miles of the following location(s): 1 Nationwide Plaza

Work schedule: 2 days in office, 3 days remote.

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

#nationwidefinance

#investmentaccounting

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 work with investment accounting leadership on the most complex investment accounting functions or responsibilities. We’ll count on you to provide consultation on the optimal practices to acquire, evaluate, interpret, record and analyze financial data used to prepare financial reports, documents and statements for various regulatory and statutory authorities and for internal management of all levels.

Key Responsibilities May Include

• Perform tasks to support quarterly investment impairment analysis
• Support the investment consolidation evaluation process
• Perform portfolio-wide risk-related activities to support the accurate reporting of Nationwide financial information
• Manage important business partner relationships across internal teams while cultivating strong, collaborative partnerships.
• Research & advise on accounting for new investment opportunities or unusual transactions

Key Responsibilities

• Coordinates the research, analysis and implementation of new and/or revised investment accounting policies and procedures. Leads the development of recommendations that would enhance, improve or facilitate job performance, processing or workflow.
• Advises senior management on industry practices to acquire data, record, analyze and prepare the most complex investment accounting transactions and statements.
• Develops and submits complex investment accounting and financial transactions required to ensure proper reporting.
• Advises management of the accuracy of all reports, forms and data provided to internal and external clients/customers.
• Coordinates the development of actions/policies to deal with unfavorable financial situations as disclosed by investment accounting analysis.
• Stays up-to-date on changes to GAAP regulatory requirements and functions as the specialist on changes which will ultimately impact the submission of financial documents, reports and other data. Provides consultation to management on the internal impact.
• Acts as project lead in the development and design of new and enhanced systems and processes within the assigned areas.
• Guides the preparation and analysis of the most complex pro forma financial data required for compliance with new requirements.
• Provides consultation to management in applying financial data and analysis to solve administrative and operating problems.
• Consults regarding supplemental reporting requirements for the company(ies) and business areas.
• Coordinates and leads the preparation of complex financial information to provide to internal and external auditors, IRS, state examiners and other regulatory agencies, as assigned.
• Provides consulting on the preparation of special reports and presentations as advised.
• Serves in a lead consultant capacity to other investment accountants on selected projects.

May Perform Other Responsibilities As Assigned.

Reporting Relationships

Reports to Investment Accounting Manager/Director; Individual contributor role, but may serve in a project lead capacity.

Typical Skills And Experiences

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

License/Certification/Designation: Progress towards CPA designation preferred.

Experience: Seven years of investment accounting experience, preferably in the insurance or financial service industries and within a specific product/business area.

Knowledge, Abilities and Skills: GAAP knowledge and functional business area regulatory requirements. Knowledge of industry practices in complex financial statement preparation including consolidation of companies/subsidiaries. Principles of taxation and the related impact on financial statement preparation. Investment accounting and/or business computer systems. Company organizational structure and products and services. Verbal and written communication skills for internal/external contacts. Ability to analyze, discover and solve investment 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 using advanced techniques. Ability to apply investment 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 Human Resources 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 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.

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.

Note To Employment Agencies

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.

#investments

The national salary range for Consultant, Investment Accounting Advisor : $97,000.00-$180,000.00

The expected starting salary range for Consultant, Investment Accounting Advisor : $97,000.00 - $145,000.00