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Director, Reporting - State Reporting Solutions
This role leads the State Reporting Solutions team within Controllership. This role has elevated and broad leadership responsibilities on the Financial Reporting team, including the preparation of all supplemental monthly, quarterly and annual filings required by the NAIC and state departments of insurance for the numerous Property & Casualty, Life and Accident & Health insurance companies of Nationwide. Responsibilities of the team include the submission of those reports, executing filing requirements and payments for all state licensing, assessments, publication fees, exam fees, valuation fees, etc. to agencies and third parties. This team works with members of the OCEO and other senior leaders to obtain sign off on Nationwide’s Quarterly and Annual Statements and supplemental filings and facilitates responding to any inquiries related to their review. The responsibility includes rigorous oversight to ensure all reporting is complete and accurate and in compliance with all regulatory requirements (ODI, NAIC, state departments of insurance). Duties also include regular interactions with senior leaders at the Departments of Insurance.

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 be responsible for the success and execution of all functions associated with GAAP and statutory financial reporting, premium taxes, payroll taxes, and/or statistical and supplemental statutory reporting requirements. You’ll lead a team of managers, associates and/or offshore contractors, directing all aspects of associate performance.

TYPICAL SKILLS AND EXPERIENCES:

Education: Undergraduate degree in business administration, accounting, finance, insurance or other relevant academic subject areas required.
License/Certification/Designation: CPA or relevant industry designation (e.g., CPCU, IIA, FLMI) preferred.
Experience: More than eight years in public accounting, equivalent industry experience or relevant insurance 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 operating systems. Project management concepts and techniques. Must possess strong organizational skills, be detail oriented, analytical, strategic and adaptable. Must have the ability to discover and solve problems, be operational improvement and control minded, and be able to direct the complete, accurate, efficient and timely completion of high volumes of work. Must have the ability to lead in team or project environment. Ability to direct the research, analysis, documentation and communication of legal/regulatory requirements, accounting policies, related financial statement impacts and financial data. Must have advanced verbal and written communication skills, with an ability to communicate professionally with business unit leadership and regulators. Must have the ability to operate and maintain efficient financial information networks, systems and software and to think critically through all phases of operational responsibilities and provide strategic thought leadership. Must be able to direct and train associates in assigned accounting and reporting and staff development.
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.

KEY RESPONSIBILITIES:

• Advises all aspects of associate performance management, engagement, talent management, development, salary planning and administration, recruitment (selection, hiring and onboarding), and resource demand management for the State Reporting Solutions Team.
• Understand accounting operations and period end close processes. Able to research upstream ledger flows and inputs that influence downstream reporting.
• Understand statutory reporting concepts and blanks and their relationship to NAIC Supplemental and State regulatory filing requirements.
• Is familiar with the regulatory landscape and advocates for optimal outcomes for Nationwide. Represent the team in NAIC and State DOI standard setting processes. Monitor and incorporate changes as appropriate.
• Proficiency in finance applications for queries and reports and BI tools. Able to assist team leads with automation and obtaining data necessary for filings.
• Able to create or enhance operational structures to keep work controlled and flowing. Proficiently and creatively utilize technology to automate daily workflow, provide transparency, and guide outcomes.
• Leverages technology to automate routine work, including but not limited to OACS, Power Automate, Power Query, Power BI and Smartsheet.
• Build and maintain relationships across business units, including but not limited to P&C/NF Controllership, AFS Reinsurance, NSI, Corporate Governance, Corporate Compliance, Actuarial, E&S / Specialty and Legal.
• Advocate for proper internal roles/responsibilities. Influence decisions regarding the allocation of work and resource time/FTE. Secure resources to cover times of peak demand.
• Partner with other reporting teams to provide flex resource availability for Broker Dealer and Nationwide retirement plan financial statement preparation.
• Emphasize quality control and accountability. Monitor overall progress of work and ensure communication across the team. Standardize filing processes, implement controls where appropriate and ensure adoption of best practices.
• Responds to applicable inquiries and resolves issues with National Association of Insurance Commissioners, state insurance departments, internal and external auditors and other regulatory agencies.
  This position will be hired on a SuccessFlex basis.
  The hired associate must reside within 35 miles of the following location(s):
  Columbus: One Nationwide Plaza, Columbus OH, 43215
  This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.
  Internal Compensation Grade: H3

KEY RESPONSIBILITIES:

• Leads the progression of Nationwide’s financial close and reporting process. Ensures the preparation, analysis, filing and review of federal, state and local GAAP and statutory financial statements and reports, premium taxes, payroll taxes, and/or statistical and supplemental statutory reporting requirements according to state and federal laws, regulations and/or instructions.
• Provides strategic direction over the development and design of new and enhanced systems and processes within the assigned area(s).
• Focuses on outstanding talent management and engagement within the organization. Responsible for associate management, including performance management, salary planning and administration, training and development, workflow and organizational planning and disciplinary actions.
• Develops the strategic direction of a team, including defining expertise and interaction with internal customers, regulators and auditors, developing metrics to measure effective and supervising the design of controls to manage regulatory changes and operational risk in a high-volume environment with complex and constantly evolving regulatory requirements. Works closely with executive leadership to influence overall department strategy.
• Coordinates the timely initiation of high dollar amounts of related tax and fee payments as required by the state and federal laws, regulations and instructions.
• Ensures the compilation and reporting of the department budget and/or overall Controllership budget while advising executive leadership on cost management initiatives. Influences across department to meet organizational expense initiatives.
• Advises and provides oversight across the enterprise on significant and unusual transactions and accounting guidance or regulatory requirement changes, ensuring proper end-to-end accounting and reporting while capturing all operational impacts.
• Directs the delivery of numerous analytics and reports presented to the Chief Accounting and Chief Financial Officers, as well as other key leaders.
• Directs the administration and settlement of federal, state and local financial and tax audits. Responds to and directs responses 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.
• Maintains relationships with executives of offshore contractors, including assessing contract-related and performance-related metrics.
• Supervises data quality initiatives to ensure the accuracy of reported financial and statistical information.
• Represents officers/executives as assigned. May attend conferences or trade association meetings as Company representative.
  May perform other responsibilities as assigned.
  Reporting Relationships: Reports to Senior Director or Associate Vice President; Manages a team of 4 or more finance professionals.