Treasury Specialist (REMOTE)

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!

The Treasury Specialist is the front-line staff with business-critical responsibilities for the enterprise. The initial assignment will be on the cash management team, but the candidate will have the opportunity to expand their treasury knowledge through rotational roles on the banking and forecasting teams within the department. The role has a mix of operational and continuous improvement duties.

Daily Operations - the Specialist rotates with teammates on the various tasks to stay current on processes, avoid key person risks, minimize opportunities for compliance issues and make time available to work on continuous improvement.

Continuous Improvement - the Specialist will work on continuous improvement projects ranging from TMS configuration improvements to process streamlining.

Rotational Opportunities - in Banking Services and Cash Flow Forecasting

Internal Note: Compensation Grade F3

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/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.

Benefits

We have an array of benefits to fit your needs, including: medical/dental, paid time off plus nine paid holidays, 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.

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 based on a geographic-specific salary structure. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. The range for this role in Colorado is listed below. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.$65,000.00 - $99,500.00

Nationwide pays based on a geographic-specific salary structure. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. The range for this role in New York is listed below. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.$65,000.00 - $134,500.00