Specialist, Tax & Cost Basis Operations

Your Opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

 

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

 

Tax & Cost Basis Operations is part of the Custody & Asset Services division of Operational Services. We are dedicated to leading a culture that delivers timely and accurate tax reporting in our efforts to create a premier client experience, while providing a controlled and disciplined environment that allows our employees to feel valued and engaged. This is a fast-paced working environment where effective communication and teamwork are a must. Explore an exciting and challenging opportunity to join an exceptional team within Operational Services that has a direct impact on our clients. 

 

As a Specialist in Tax & Cost Basis Operations you will be part of a team that oversees the reconciliation and maintenance of several of our Tax processes.  This is a fast-paced working environment where effective communication and teamwork are a must. Flexibility and adaptability are necessary, because the specialist will rotate through different functions as business needs arise. Duties for this role will include, but are not limited to: 

• Research across multiple systems to ensure accuracy of the Tax Database
• Provide support to tax form production and reclassification of dividends
• Research and processing Tax adjustments for Retail and Advisor Services clients
• Determining and applying appropriate tax withholding rates to client accounts for both foreign and domestic clients
• Analyze large data sets and determine the cause of issues and the impacts either upstream or downstream.
• Work collaboratively and optimally with others
• Effectively leverage tools and resources
• Partner with internal business partners to ensure compliance with regulations
• Provide support to our internal business partners during peak volumes
• In office support by assisting with mailing corrected tax forms
• Provide vision, review and ownership for projects and productions 

What you have

Required Qualifications:

• Advanced MS Excel skills, ability to work with large data sets 
• Bachelor's degree or equivalent experience in Accounting, Finance or Economics preferred
• Proven tax and cost basis experience and knowledge framework
• 2+ years of experience in Operations or the financial services industry
• Knowledge of IRS regulations in relation to broker/dealer reporting
• Expertise in tax reporting topics, such as corporate actions, repapering of foreign clients, domestic and foreign withholding, etc
• 1+ years of experience in the tax and/or cost basis industry
• Highly motivated and results driven 
• Demonstrates excellent organization and time management skills 
• Excellent written and verbal communication skills 
• Very strong analytical skills, attention to detail, and a passion for service quality 
• Ability to work under pressure in a fast-paced, ever-changing environment while maintaining the highest level of positivity and professionalism 
• Identify and communicate issues effectively and timely to peers and management team 

Preferred Qualifications:

• Series 7/63

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.