Analyst, Asset Management

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. The hired associate must reside within 35 miles of the following location: Columbus: One Nationwide Plaza, Columbus OH, 43215 Work schedule: 3 days in office, 2 days remote. This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. Job Description Summary Do you have the desire to play a critical role in driving data‑and risk‑based business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry‑leading workforce has a collaborative culture that delivers outstanding solutions and results. Our Risk professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results. As a Professional on the Investment Risk Asset/Liability Management (ALM) Team, you will be an important contributor to the development of investment strategy and risk targets across the organization to help the company grow the funds necessary to serve our customers in their greatest times of need. You will leverage your investment and risk management expertise to evaluate asset classes through an ALM lens, ensuring alignment with risk, return, and liquidity objectives. You’ll be a subject matter expert on investment income forecasting and will lead the automation and modernization of our reporting ecosystem for the ALM team and contribute to the maintenance and enhancements of asset modeling to support pricing, ALM, Corporate Risk Model, along with capital forecasting. You will also aid investment risk and strategy recommendations to senior leadership focusing on impact to total return, investment income, volatility, and capital. Additionally, you will assist on additional investment risk and ALM‑related research projects. Key Responsibilities Shape ALM strategies by analyzing investment portfolios, interest rate risks, and liquidity needs to optimize balance sheet performance. Collaborate with investment teams to assess long‑term asset allocation, evaluate long‑term trends, and provide insights on investment risks and opportunities as they relate to ALM objectives. Lead the Net Investment Income forecasting process for the Investment Risk‑ALM team that includes preparing and reviewing quarterly forecast assumptions (prepayments, rates, spreads, and investment pool strategies), preparing new money rate assumptions, and leading client‑specific deliverables. Lead the automation and modernization of legacy models for Net Investment Income forecasting by designing and implementing scalable solutions, including modernizing the reporting structures for client deliverables using Power BI/Tableau. Monitor capital markets to build and update investment assumptions used in ALM tools and applications; develop and maintain assumptions, including the complex statistical analysis of historical data and trends. Maintain and enhance asset modeling to support pricing, ALM, Corporate Risk Model, and investment income and capital forecasting, such as Operating Plan, Strategic Plan, etc. Partner with other members of the Investment Risk‑ALM and Product ALM teams to maintain investment pool assumptions and strategies, analyze new purchase cash flow, and ensure accurate alignment of asset terms and holdings data. Serve as the primary Investment Risk‑ALM team representative in the ongoing enterprise platform redesign initiative by identifying and communicating ALM‑related issues, providing actionable feedback, and collaborating with stakeholders to create effective solutions. Partner with senior members of the Investment Risk‑ALM team to add new asset classes and strategies in the proprietary ALFA model to generate model results for distribution. Recommend adjustments to the calibration of Office of Investments’ incentive performance (OIP) scorecard, using eVestment database of peer investment manager performance. May perform other responsibilities as assigned. Reporting Relationships Reports to Asset Liability Management Leader. Education Undergraduate degree in finance or quantitative field. Graduate degree preferred. License/Certification/Designation Chartered Financial Analyst (CFA) or actuarial designation (FSA or ASA) preferred. Experience Typically, 5 or more years of experience in investments and/or previous insurance company experience. Experience in investments and Asset Liability Management strongly desired and will consider experience in investment risk management. Experience in fixed income, equity, alternative, and derivative asset class concepts and relationships gained through investment management role. Experience with Python and SQL. Experience with advanced analytical tools (Bloomberg, FactSet, FIRM, ADVISE, MG‑ALFA, GGY‑AXIS, MATLAB, etc.) is a plus. Knowledge, Abilities and Skills Working knowledge of data‑related python packages (pandas and numpy), basic object‑oriented programming, and data processing. Deep understanding of capital markets, risk management, insurance products, and insurance capital frameworks (regulatory and rating agency). Exceptional analytical, critical thinking, and problem‑solving capabilities. Excellent written and verbal communication skills. Team oriented. Composed and decisive under pressure or when challenged. Driven, self‑motivated, and inquisitive. Creative, organized, responsive, and detail oriented. Ability to apply financial knowledge and methods to address investment questions and facilitate improved decision making. Knowledge of related accounting, and tax concepts is beneficial. Knowledge of insurance and financial services products. Values Regularly and consistently demonstrates Nationwide Values. Job Conditions Normal office environment with limited travel. Overtime Eligibility Not Eligible (Exempt). Working Conditions Normal office environment with limited travel. 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. 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. 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. The national salary range for Asset Liability Management Professional: $118,000.00-$222,000.00. The expected starting salary range for Asset Liability Management Professional: $118,000.00 - $178,000.00. #J-18808-Ljbffr