Director, Investment Accounting

Internal Compensation Grade: H4
Required Experience: 10+ years of investment accounting experience in insurance or financial services industry and 5+ years of management experience.
Location: Columbus, OH (Hybrid Remote)
Job ID: 75125 | #LI-JM3

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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 Director, you'll build and maintain product/business unit investment accounting policies, practices and standards to meet regulatory and management requirements. We'll count on you to direct recording, consolidation, arrangement, reporting and preservation of all financial data and provide investment accounting consultation, assistance and service to leaders and other internal customers.

Job Description

Key Responsibilities: 

• Directs the investment accounting, preparation, analysis and filing of financial statements, data and exhibits and other reports for internal and external sources.

• Reviews, advises, counsels and participates actively on new systems developments and other related matters to ensure accuracy of all financial data.

• Manages special projects/assignments as advised by senior management.

• Provides advise, counsel and assistance on investment accounting policies and practices.

• Responds to applicable inquiries from state insurance departments, internal and external auditors and other regulatory agencies. Provides financial information to various Nationwide offices to be used in the support of other filing, analysis and reporting requirements.

• Directs the preparation of special reports, analyses and financials as requested by management and external agencies.

• Represents officer/executive as assigned. May attend trade association meetings as company representative.

• Directs associate management, including performance management, salary planning and administration, training and development, workflow and organizational planning, hiring and placement and disciplinary actions.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Investment Accounting Officer/Executive. Manages a team of 4 or more accounting professionals.

Typical Skills and Experiences:

Education: Undergraduate studies in accounting or finance. Post-graduate level studies desirable; minor or concentration in investments.

License/Certification/Designation: Progress towards CPA preferred.

Experience: Ten years of investment accounting experience in insurance or financial services industry. At least five years of management experience.

Knowledge, Abilities and Skills: GAAP accounting, tax and systems principles. Insurance investment accounting principles, practices and procedures. Insurance regulatory requirements. Management policies, practices and procedures. Advanced verbal and written communication skills for contact with all levels of associates including business unit leadership, external parties such as public accountants, state examiners, industry professionals and other clients. Ability to analyze and solve investment accounting problems, interpret financial documents and data, analyze legal requirements, examine and monitor investment accounting cycles and flows, and review general ledger entries and audit work papers and schedules. Ability to lead associates in all aspects of assigned investment accounting record maintenance, financial statement preparation, and special projects.

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 working conditions. 

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.