AVP, Finance Operations - Financial Services



Accounting & Finance, Operations
Columbus, OH, USA
Posted on Saturday, June 15, 2024
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.

Job Description Summary

Are you fascinated by the financial services business and committed to providing the most outstanding service in the industry? Has your professional experience prepared you to lead and contribute crucial work that delivers high quality service in collaboration with partners from multiple functions of the organization? If you are passionate about putting your strategic-level thinking to work in financial operations, we’d like to know more about you!

As the AVP, Finance Operations, you will lead and oversee the financial operations for Nationwide Financial. This role is pivotal in driving financial efficiency, ensuring regulatory compliance, and implementing strategic initiatives that support the company's financial goals. You will lead a team and work closely with senior leadership to provide insights and recommendations, optimize financial processes, and maintain the financial health of the broad and diverse set of businesses including Annuities, Individual and Group Life Insurance, and Retirement Plans.

Job Description

Key Responsibilities:

  • Develop and implement financial strategies to support the company's business objectives.

  • Leads all financial operations functions for Variable Annuity, Retirement Plans and Variable Life businesses, including daily trading, pricing/valuation, separate account shareholder maintenance, and portfolio reconciliation with partner mutual funds.

  • Oversees activities related to fund management and administration including fund performance information provided to external and internal customers.

  • Leads team responsible for mutual fund revenue billing and collection process and interfaces with administration systems.

  • Oversees of daily cash disbursements of participant checks, wires, and ACHs.

  • Develop, implement, integrate, maintain and administer all financial operations systems, which includes project support for large business build investments that impact financial operations.

  • Manage business client relationships and service expectations by defining and reporting on volume metrics, reducing non-standard processes, and applying continuous process improvements and technology to efficiently execute functions.

  • Manage liquidity, market, fraud, and other risks associated with variable account trading and cash disbursements by adhering to processes and controls. Maintain documentation of control processes and evaluation of identified controls on a quarterly basis in compliance with the Sarbanes-Oxley Act and with NASD Rule 3013. Coordinate with internal and external auditors on operational audits.

  • 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 VP, PM&A and Financial Operations – Financial Services. Leads a team of 3 direct reports and 50 or more indirects.

Typical Skills and Experiences:

Education: Undergraduate studies in such areas of Business Administration, Accounting or Management Information Systems preferred.

License/Certification/Designation: National Association of Securities Dealers (NASD) Series 6 / 26 / 27 preferred.

Experience: Typically, 10 or more years relevant experience in finance, accounting, and/or operations, combined with strong life and retirement savings business acumen.

  • Knowledge, Abilities and Skills: Proven knowledge of GAAP and/or statutory accounting, tax and systems principles. Insurance accounting principles, practices and procedures. Demonstrated knowledge of insurance regulatory requirements. Possess excellent verbal and written communication skills, with the ability to present financial information clearly and effectively. Proven ability to develop and implement financial strategies aligned with business goals. Strong leadership skills with the ability to inspire and motivate teams. Exceptional analytical skills with the ability to interpret complex financial data.

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 Resource Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Most leaders work from a remote location, such as an office out of their home. A valid driver’s license and safe driving record 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.


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.