Specialist, Financial Reporting - FRAP

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 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

Would you thrive in an inclusive work environment where you can lead, adapt and innovate? Do you want to invest in yourself and work in an environment of problem solving, collaboration and learning? If you’re ready to lead in a technology-enable, digitally focused organization, where Controllership is a captivating and respected career, we want to hear from you!

As a Specialist, you'll perform and review complex functions associated with GAAP and statutory financial reporting, premium taxes, payroll taxes, and/or statistical and supplemental statutory reporting requirements, including researching and drafting new disclosures or reports. You may have opportunities to review and supervise less experienced staff and will work on monitoring and evaluating controls, conduct income/expense analysis and work on special projects.

Job Description

Key Responsibilities: 

• Prepares and reviews higher complexity 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 according to 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.

•  Leads, under general direction, the development and design of new and enhanced systems and processes within the assigned area(s).

• Reviews and evaluates quarterly financial results and analyzes 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, including the evaluation of the cost to the enterprise. Coordinates the research, analysis and implementation of new and/or revised accounting policies, procedures and disclosures with Accounting policy.

• Assists with or leads financial pre-close and close discussions. Responsible for maintaining close task management and tracking through workflow tool to help achieve close and reporting timelines.

• Ensures 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 general guidance. Also responds 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. 

• Prepares information to be used in the administration and settlement of federal, state and local financial and tax audits.

• Assists in improving the monthly/quarterly close and reporting process, including reviewing and assessing results prepared by supervisors and peers.

• Reviews work performed by less experienced staff, as requested and under general guidance. 

• Researches and counsels senior management on key competitor and industry financial reporting practices.

• Prepares, reviews and maintains documentation and testi