Specialist, Financial Reporting Controls

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 F3

This is a hybrid position located in Columbus Ohio and you will be required to come into the office as needed.

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 Specialist, you'll work on many activities associated with the design, development, implementation, and administration of a robust internal control infrastructure over key financial reporting processes throughout the enterprise. You'll work closely with various internal partners representing key operational functions throughout the organization and serve as a first point of contact for questions regarding financial reporting control compliance.

Job Description

Key Responsibilities:

• Supports the day-to-day maintenance and sustainability of the FRC program. Duties include annual financial reporting risk assessments, assisting process and control owners with identifying internal control gaps, control testing consultation, issue remediation, reporting and answering partner questions related to the execution and status of the FRC compliance activities.

• Handles the annual financial reporting risk assessments and process design analyses. Conducts walk through with business and Nationwide Technology associates to validate the completeness and accuracy of the process and control documentation to confirm the risks associated to financial reporting are appropriately mitigated.

• Monitors and support quarterly executive sub-certification process and semi-annual control self-assessments which include evaluating the results for any issues, fraud and/or changes in people and processes.

• Monitors, evaluates and reviews management control self-assessment process to ensure compliance with internal control testing standards. 

• Monitors and coordinates with management on FRC issues and obtains management agreement regarding action steps. Ensures management action plans address the root cause of identified problems, have reasonable time frames to completion, are properly resourced /funded and are completed by stated due date. 

• Follow-ups and assesses the completion of remediation plans through validation procedures. Communicate the results of the issue closure with management and any potential remediation not implemented appropriately.

• Maintains and updates the Nationwide’s Financial Reporting Controls governance methodology, polices and procedures.

• Applies approved process and internal control documentation standards to the FRC program and ensures data integrity for information housed in the FRC library.

• Collaborates with team members and peer review of work of other team members, including providing feedback. Additionally, leads shorter-term projects/activities and holds team members accountable for on-time completion of activities/tasks.

• Contributes to FRC compliance reporting to senior management by assisting in the preparation and reviewing for issue themes and trends. Proposes improvements to reports to improve FRC's management reporting.

• Develops and generates internal status reporting for FRC team members about ongoing FRC compliance activities; may directly inform management (e.g. Controllers) as it relates to program results.

• Summarizes progress of activities, findings and conclusions to business unit leads, controllers and other program partners.

• Coordinates activities with internal audit, information risk management and external auditors to ensure efficient and effective coordination regarding the assessment processes and controls within