Sr. Analyst, Financial Reporting - Payroll Tax Reporting

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.

Intenral Comp Grade is E3

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.

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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-enable, digitally focused organization, where controllership is a captivating and respected career, we want to hear from you!

As a Senior Analyst, you'll perform complex functions associated with GAAP and statutory financial reporting, premium taxes, payroll taxes, and/or statistical and supplemental statutory reporting requirements. Your responsibilities also may also include preparation and analysis of reports that are filed with the SEC, industry bureaus, government agencies, state departments of insurance, taxing authorities, and/or other regulatory agencies. We'll count on you to work closely with others on monitoring and evaluating controls, income/expense analysis and special projects.

Job Description

Key Responsibilities: 

• Prepares and reviews complex 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 in accordance with 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.

• Assists in reviewing and evaluating quarterly financial results and assists in analyzing 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, as directed. Participates in research, analysis and implementation of new and/or revised accounting policies, procedures and disclosures with Accounting policy.

• Ensures the 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 direction. Assists in responding 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. Helps prepare information to be used in the administration and settlement of financial and tax audits.

• Assists in improving monthly/quarterly close and reporting process.

• Reviews work performed by offshore contractors, as requested and under direction.

• Prepares, reviews and maintains documentation and testing of controls over financial reporting, as assigned.

• Participates in the development and design of new and enhanced systems and processes to produce high-quality results in an efficient manner, while meeting all established and regulatory timelines.

• Prepares special reports and presentations to management and internal customers as advised.

• Participates on selected projects as advised.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Manager or Director

Typical Skills and Experiences: 

Education: Undergraduate degree in business administration, accounting, finance, insurance or other relevant academic subject areas preferred.

Experience: More than two years of relevant industry experience.

Knowledge, Abilities and Skills: GAAP and/or statutory accounting bases. Insurance regulatory requirements. Complex financial statement preparation, including consolidation of companies/subsidiaries. Financial/statistical analysis. Principles of taxation and the related impact on financial statement preparation. Accounting and/or business computer systems. Must have the ability to analyze financial or statistical results and trends and understand complex financial reporting requirements. Must have verbal and written communication skills to communicate professionally with regulators and business partners. Ability to understand changes in financial or statistical reporting and legal/regulatory requirements relative to the impact on financial statement preparation, premium and payroll taxes and supplemental or statistical filings and to the formulation of company or business area policies and procedures. Must have the ability to operate and maintain efficient financial information networks, systems and software.

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; extended and/or non-standard work hours as needed.

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.

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.