Product Tax Specialist

Specialist, Product Tax – Nationwide As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! 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. This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. It is our intention to fill this role in Columbus, OH. The hired associate must reside within 35 miles of One Nationwide Plaza, Columbus OH, 43215. This position will be hired on a SuccessFlex basis. You will be required to come into the office two days per week, according to the department's current schedule. Internal Compensation Grade: F4 #LI-KD1 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 Product Tax is a captivating and respected career, we want to hear from you! As a Specialist, Product Tax, you'll support accurate product-related tax reporting and withholding to help ensure compliance with federal, state and local tax requirements. You’ll conduct targeted tax research and analysis for assigned products, prepare and review tax returns, reconciliations and responses to IRS, state and auditor information requests, and help maintain tax procedures, controls, calendars and system data. We’ll count on you to collaborate with consultants, tax analysts and business partners to implement tax reporting changes, assist with governance and oversight activities, develop and deliver basic tax training, and use technology and analytics to identify risks, resolve issues and continuously improve our product tax processes. Key Responsibilities Conduct targeted tax research and analysis for assigned products and services (e.g., annuities, life insurance, Retirement plans, P&C claims). Uses analytics to provide areas of possible focus. Research and prepare response to IRS, state information requests and/or external auditors. Work closely with tax analysts and consultants to identify risks and tax adjustments for assigned entities and respond to information requests accordingly. Assist with penalty mitigation and abatement. Prepare federal, state and local tax returns. Review complex tax reconciliations and calculations prepared by tax analysts. Maintain and update tax reporting procedures and controls. Develop tax calendars and reviews with product tax manager and/or consultant. Review and validate tax data inputs and outputs from reporting systems. Support implementation of tax reporting changes due to regulatory updates. Assist with performing governance & oversight functions to ensure tax compliance within our business line partners. Act as a liaison with business units for tax-related inquiries and issue resolution. Assist with developing tax training materials and conduct sessions for internal stakeholders. Ask questions, seek knowledge and demonstrate a desire to learn financial and insurance industry products and impact of tax on them. Champion technology including AI and operational improvement culture. Use technology in our fast paced and highly automated environment. Possess in-depth tax systems knowledge and data management required for continued success. May perform other responsibilities as assigned. Reporting Relationships Reports to Product Tax Manager/Director. Typical Skills and Experiences Education Undergraduate degree with studies in accounting, tax or other related field. License/Certification/Designation Progress toward CPA certification, Series 6 and/or LOMA designation preferred. Experience Minimum of four years tax or accounting experience in a corporate or public accounting setting. Insurance or financial services experience preferred. Knowledge, Abilities and Skills Statutory and/or GAAP accounting. Ability to learn tax systems and apply technology to continually improve and manage risks. Self‑starter who is able to prioritize work through team collaboration and with little day‑to‑day supervision. Inquisitive nature and desire to learn general and insurance tax concepts; asks questions and challenges answers. Self‑reviews own work for accuracy. Possess decision‑making skills for problem identification and solution recommendation. Apply technology and tax rules to complicated calculations with large amounts of data. Excellent communication skills in a diverse and fast‑paced environment. Other criteria, including leadership skills, competencies and experiences may take precedence. Job Conditions Overtime Eligibility: Exempt (Not eligible) Working Conditions: Normal office environment. May require extended hours in periods of high volume. Credit/Background Check: Due to the fiduciary accountabilities within this job, a valid credit and/or background check will be required as part of the selection process. 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 Medical/dental/vision insurance 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 prorated 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 Compensation National salary range: $88,000.00 – $164,000.00. Expected starting salary range: $88,000.00 – $132,000.00. Equal Opportunity Employer 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. #J-18808-Ljbffr Nationwide Mutual Insurance Company