Financial Services Analyst

Financial Services Analyst

Are you passionate about being part of a team that delivers extraordinary care to help individuals and businesses prepare for and protect their retirement? If so, then Nationwide Financial could be the place for you! 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 Income Products team is comprised of a team of experts providing extraordinary care to our members by assisting them with the post issue care of annuitizations and death claims in Individual Annuities, Public Sector Deferred Compensation accounts, Provident, Pension, Nationwide Agent plans, and Structured Settlements. The team is also responsible for providing quotes for new business pre-sale requests and post issue annuitization and commuted value benefits. Some of our functions include administering repetitive payments to our members, calculating benefit and tax exclusion ratios, maintaining and updating records, variable exchanges, income verification, corrective processing, illustration quoting for new annuities, commuted value, and annuitizations, claims processing, escheatment, enforcing regulatory requirements, supporting our sales and service partners, and various other functions.

It is our intention to fill this role in Grandview Heights, Ohio. This is a hybrid position located in Grandview Heights, Ohio, and you will be required to come into the office two days per week. However, on occasion, applications from internal candidates working remotely who bring critical industry skills and relevant experience may be considered.

Financial Services Analyst Overview (D2)

• Provides prompt, efficient service for assigned product and/or service center internal and external partners
• Processes proper contract documentation in accordance with company policies and procedures
• Provides in-depth technical assistance to internal and external partners
• Provides accurate and timely reporting of financial information
• Analyzes and resolves routine processing problems
• Ability to research complex transactions

Competencies

• Income Products technical knowledge is preferred
• Strong role model of accountability and is capable of meeting/exceeding deadlines
• Mindset of continuous improvement and overall quality in daily work
• Strong commitment to personal and team engagement
• Ability to effectively maintain and multitask daily needs
• Capable of understanding, anticipating, and proactively managing the needs of our members
• Strong operational decision-making skills
• Positive change agent, comfortable with complexity and ambiguity
• Strong internal relationships with business partners, peers, and leadership
• Possess exceptional verbal and written communication skills

Location: Grandview Yard/Hybrid

Hours: M-F 9:30am-6pm

Job Description Summary

Do you love connecting and building new business relationships? If you have a natural curiosity, are passionate about helping people and want to accelerate both your personal and professional growth, we want to know more about you! As an Analyst, you'll provide prompt, efficient service for assigned product and/or service center internal and external customers. You will coordinate communication between contract holders, producers and internal Nationwide departments. We'll count on you to review forms and files submitted by members or partners to ensure accurate entry into record keeping systems.

Key Responsibilities:

• Prepares all materials to propose, sell and establish new plans and set up appropriate records: proposal illustrations, trust agreements, IRS determination reporting, employee communications and client administrative guide, census and plan information.
• Interprets plan provisions, product rules and guidelines to process requests in accordance with Plan and Legal requirements.
• Provides extraordinary care to our customers through workflow management and meeting all required service level agreements. Proactively seeks out opportunities to improve processes and the members experience through use of lean methodology.
• Follows up with appropriate internal administrative areas for completeness and accuracy of the end policy/account product.
• Researches, reviews and analyzes errors and determines best course of action for a workable solution. Takes ownership of identifying and evaluating problems and analyzing customer inquiries to determine appropriate action.
• Conducts follow up calls to service issues and questions, de-escalating complex customer requests and providing outstanding care during resolution. Includes understanding topics that require insurance or securities license and registration and when and how to route those inquiries to the properly-registered representative.
• Reviews and approves requests for withdrawal, exchanges, deposits, annuity purchases and contract cash-outs. Requests additional information when necessary.
• Compiles management information such as contract and sold case activity as needed by internal management.
• Communicates with customers, sales force, other departments, regional and/or field offices and other industry companies on topics that do not require insurance or securities licensing and registration. Collaborates and networks with outside business units to create innovative solutions for internal and external customers. Maintains appropriate records. Approve and processes business according to government regulations, contract provisions and internal procedures and controls.
• Conducts in good order reviews or other applicable requests for servicing Nationwide policies and customers for withdrawal, exchanges, deposits, annuity purchases and contract cash-outs.
• Helps with research for written responses to Nationwide formal complaints.
• Participates in special projects as assigned. Collaborates with appropriate staff to design, document, and implement process improvements and best practices.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Operations Division Manager or Unit Manager.

Typical Skills and Experiences:

Education: High school studies. Undergraduate studies desirable. Participation in technical coursework such as LOMA, CLU, ChFC desirable.

License/Certification/Designation: FINRA Series 6 license preferred, and may be required, based on assigned product/line-of-business or distribution system.

Experience: Four or more years of related work experience, including customer service experience, preferably with cross-functional business unit exposure. Customer service experience required.

Knowledge, Abilities and Skills: Knowledge of Nationwide's suite of financial products. Excellent verbal and written communications skills in order to manage relationships with internal and external customers. Strong analytical and problem resolution skills. Ability to research, analyze and solve problems, leveraging existing and innovative methodologies. Ability to understand, anticipate and proactively act on customer needs. Proven decision-making skills necessary for customer contacts. Ability to multi-task, independently manage work and establish priorities that conform to time, service and quality standards. Strong team-building and collaboration 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 Human Resources Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Non Exempt (Eligible)

Working Conditions: Normal office environment.

Associates must acquire the required federal and/or state licenses/registrations within the time period designated by the business unit. Additional licenses/registrations may be required when new products and services are implemented. If an associate fails to acquire the required licenses/registrations within the designated time period, the associate will be ineligible to continue in the position. NOTE: A credit check may be required if a license is required for this position.

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.