Specialist, Treasury - Continous Improvement

As a team member in the Finance and Internal Audit 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 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

We are seeking a dynamic individual with a continuous improvement mindset and a proven track record of implementing enhancements in previous roles. The ideal candidate will have experience in leveraging tools that improve efficiency and productivity through automation, such as those found in the Microsoft Power Apps suite (e.g., Power Query, Power BI), and possess strong analytical skills and financial acumen.

 

Key Qualifications:

•            Demonstrated experience in continuous improvement initiatives

•            Proficiency with Microsoft Power Apps suite (Power Query, Power BI, etc.)

•            Strong analytical skills and financial acumen

•            Self-driven and capable of working independently to achieve goals

 

Preferred Skills:

•            Knowledge of treasury operations or finance/accounting

•            Excellent communication skills (both written and verbal)

•            Strong project management abilities

•            Ability to efficiently prioritize between project and operational tasks

 

If you are a proactive individual with a passion for continuous improvement and a solid background in finance, we encourage you to apply.

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This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

Job Description Summary

Are you intellectually curious about finance with experience in complex projects and business-wide collaborations? We are industry leading innovators in banking services. If you can be a trusted advisor and executor of capital market and structure financing transactions, we want to know more about you!

As a Specialist you'll be tasked with the daily cash management, liquidity and forecasting, banking services, security administration operations and/or special projects for the company. Your responsibilities will vary, depending on the specific focus of the Treasury area assigned to and may flex according to the needs of the department or team assigned.

Job Description

Key Responsibilities: 

• Conducts cash positioning duties by monitoring opening account balances and related internal/external file interfaces. Handles any exceptions in balance or file feeds. Advises other Treasury teams as necessary. 

• Makes cash transactions, including foreign exchange trades and transfers, batch transactions and business unit wires that have entered directly into the Treasury Workstation. Ensures transactions are aligned with required controls, policies and procedures.

• Balances the internal Nationwide Cash Management Corporation pool and calculates daily interest and expense allocation. Work with Short-Term Investments staff to handle related investing activities.

• Conducts reporting and analysis activities necessary to maintain the cash flow forecast and other cash operational reporting. Reviews forecast to actual reports to identify emerging trends.

• Assists in the maintenance of the cash flow forecast data and coordinates entries in the Treasury Workstation with data uploads into the cash flow forecast to avoid duplicate or missing entries.

• Implements new banking services and/or opening new bank accounts, as well as canceling unneeded banking services or closing unneeded accounts. 

• Monitors banking service costs against budgeted levels and monitors the elements resulting in the net fee: collected balances, items processed, per-item fees and earnings credit rates.

• Prepares and monitors long-term and short-term debt roll forward, data administration and analysis for debt funding agreements as well as liquidity advances and rating agency surveys.

• Partners with businesses to assess banking access needs and identify appropriate solutions. Prepares the necessary documents, obtains required approvals, communicates to banking partners and initiates access.

• Coordinates businesses in executing project or transformational efforts that involve cash or bank transaction processing.

• Stays current on treasury practices and innovations that may impact the company or result in better workflow, enhanced company operations or customer experience.

• Coordinates department-wide disaster recovery planning and testing.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Treasury Manager.

Typical Skills and Experiences: 

Education: Undergraduate degree in accounting, finance, economics, banking or other related area.

License/Certification/Designation: Certified Treasury Professional (CTP) designation, or progress toward completion, is preferred.

Experience: Typically, five to eight years of experience in treasury and cash management. Experience in finance, accounting, information technology, banking and/or project management is also desirable.

Knowledge, Abilities and Skills: Proven knowledge of accounting principles, economics and financial analysis. Understanding of insurance operations and terminology and banking, treasury and investment operations. Also knowledge of system development lifecycle and system requirements and process analysis. Detail oriented, analytical, able to work independently, operational improvement and control-minded and adaptable. Ability to problem solve, strong organizational skills, ability to manage high volumes of work while efficiently juggling multiple tasks. Excellent verbal and written communication skills.

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 HR Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Some travel may be required.

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 Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

We currently anticipate accepting applications until 10/04/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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.

This position could be filled within any of the lower 48 U.S. states.

Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.

The national salary range for Specialist, Treasury : $69,000.00-$142,000.00

The expected starting salary range for Specialist, Treasury : $76,500.00 - $114,500.00

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