Product Tax Consultant

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.

• Reviews federal and state tax returns. Performs on-site review with business partners if required.
• Perform governance & oversight functions, including tax risk assessments and audits, to ensure compliance within our business line partners.
• Monitor product and tax laws and regulatory developments and analyze enterprise impact. Communicate impact to management and key stakeholders and assist and provide guidance with implementation across the enterprise.  May represent and serve on product tax industry committees.
• Research and analyze product tax risks and recommend solutions and tax strategies including new product launches and changes.
• Design and test tax withholding & reporting logic in collaboration with, business analysist, IT and vendors.  May act as primary point of contact with key vendors on day to day matters.
• Manage and review user access to key product tax systems used across the enterprise.
• Reviews response to IRS, state information requests and/or external auditors. Works closely with tax analysts and consultants to identify risks and tax adjustments for assigned entities and response to information requests accordingly.  Works closely with tax attorneys on penalty mitigation and abatement.
• Continuously develop, monitor and provide key insights into tax analytics including forecasting.
• Verifies accuracy and completeness of tax calendars and communicates with key stakeholders.
• Develop training materials and conduct sessions for internal stakeholders.
• Represents Tax COE in regularly scheduled meetings with business partners and key stakeholders. Communicates tax issues and listens to changes in the business environment. Develop contacts at the appropriate level to aid in providing timely tax response and planning opportunities.
• Assist with Managing day-to-day operations of tax reporting and withholding across the enterprise.

This position will be hired on a SuccessFlex basis. You will be required to come into the office two days per week, on Tuesday and Wednesday according to the department's current schedule.

Internal Compensation Grade: G3

Job Description Summary

Are you someone who is compelled to “do the right thing?” Are you able to make decisions to ensure regulatory and legal compliance that protects a business and its customers? If you thrive in an environment where you can solve tricky issues and find ways to achieve business goals within the complex, highly regulated insurance industry, we want to know more about you!

We work across the enterprise to help our business partners find ways to work through issues successfully. Nationwide's culture of compliance and passion for providing extraordinary care to its customers makes the Office of Compliance & Ethics a valued partner across the Nationwide enterprise.

As a Compliance Consultant, you will collaborate with our business partners to ensure that business operations are conducted in compliance with regulatory, legal and organizational requirements. You’ll plan, perform and lead various types of compliance reviews with our business partners.

Job Description

Reporting Relationships: Reports to Manager/Director; may be an individual contributor or manage a team of less than 4 associates. May lead a virtual or project team.

Key Responsibilities:

• Provides multi-level and multi-issue compliance consulting and advisory services to a diverse mix of customers, including administration, sales, marketing, actuarial, systems, claims, attorneys, accountants, financial advisors, and government and regulatory agencies.

• Analyzes various regulations impacting the products and procedures of assigned product and/or functional area. Facilitates the development of policies and procedures and collaborates with our business partners to implement them.

• Creates and maintains various reports and metrics for trend analysis.

• Creates and maintains internal manuals, documentation files, and other related regulatory records on more complex subjects, ensuring that our records and resources are up-to-date and remain accurate.

• Stays informed of compliance and regulatory industry updates and trends by attending professional seminars and continued education programs. Applies information learned to advance or enhance the compliance program.

• Creates and facilitates various types of compliance training or presentations for business partners, often on more complex subject matter.

• Leads the production of documents and requests for regulatory exams, investigations, subpoenas, etc. including responses to regulatory inquiries.

• Collaborates with business leaders to develop and implement corrective actions for identified compliance issues. Monitors corrective action through resolution.

• Identifies innovation and continuous improvement opportunities. Follows through to develop the ideas in collaboration with business partners and Compliance staff.

• Performs risk assessments and modifies compliance program accordingly.

• Creates and performs testing on business unit procedures to ensure compliance with business unit policies. Analyzes results to identify key trends and makes recommendations to our business partners accordingly.

• Employs data analytics to strengthen and expand compliance program.

Performs other responsibilities as assigned. 

Typical Skills and Experiences:

Education: Undergraduate studies in business administration, insurance, business ethics, criminal justice, computer science, finance or pre-law is preferred.

License/Certification/Designation: Depending on the specific Compliance team, you may be required to obtain professional licenses/registrations within a designated period of time.

Experience: Typically, eight or more years of related work experience in financial services, insurance, compliance, or a related field.

Knowledge, Abilities and Skills: Able to build and foster relationships. Demonstrates strong communication skills. Proven ability to set priorities, organize work, and meet timelines. Creative, innovative, analytical thinking, and problem-solving skills. Able to optimally evaluate and recommend solutions to complex compliance issues. Strong research and documentation development skills. Insurance, and/or financial services knowledge is preferred. Data analytic experience is a plus. Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the Director and Human Resources.

Values:  Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not eligible)

Working Conditions: Normal office environment. Nonstandard work hours may be required due to pending compliance issues and project work. Occasional field travel for inspections.

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.

NOTE TO EMPLOYMENT AGENCIES:

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 25,000 employees, and is ranked No. 75 in the 2024 Fortune 500 list.