Charles Schwab

Manager, Accounting

Charles Schwab • $90K — $120K *
Omaha, NE 68104In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or finance
  • CPA preferred
  • 5+ years of GAAP accounting or finance experience
  • Direct experience with securities accounting preferred
  • Experience in a high transaction volume environment
  • Proficiency in Microsoft Office, especially Excel
  • Knowledge of PeopleSoft or similar ERP systems
  • Familiarity with data tools like Alteryx or SQL is a plus
  • Strong communication skills for explaining complex information
  • Excellent analytical and organizational skills
  • Ability to manage multiple projects independently

Responsibilities

  • Manage accounting for investments and derivatives across multiple legal entities
  • Prepare variance analyses on net interest revenue and work with finance on forecasts
  • Compile schedules for the monthly financial close and regulatory reporting
  • Document cash flow and fair value hedging relationships per company policy
  • Collaborate with treasury on accounting treatments for new investments
  • Maintain SOX controls and lead SOX compliance discussions
  • Enhance technology and automate processes with tech teams
  • Investigate and resolve reconciling items within portfolios
  • Address inquiries from external auditors and regulatory teams
  • Consult with Accounting Policy on investment-related standards
  • Conduct ad hoc projects as required.

Benefits

  • Bonus or incentive opportunities available
  • Engagement with multiple teams across the organization to enhance skills
  • Involvement in high-level financial reporting and compliance efforts
  • Opportunity to improve technology and processes within the accounting function
Full Job Description
This role provides a meaningful opportunity for a highly motivated accounting professional to play a critical part managing the ongoing accounting for Schwab’s large portfolio of securities and interest rate derivatives.  This includes accounting, analyzing, reporting, reconciling, remediating system issues, assessing fair value measurements, and testing system functionality.  Performing this role requires ongoing interaction with the Treasury Capital Markets team, Treasury Settlement Services team, Finance Innovation Team, and external software consultants, acting as the Bank Accounting team liaison with these groups.  As part of the Corporate Controller’s Department, the Bank Accounting group is responsible for closing the books for the three bank subsidiaries and two trust companies.

 

What you have

  • Bachelor’s degree in accounting or finance

  • CPA Preferred

  • 5+ years GAAP accounting or finance experience, direct experience with securities accounting highly preferred

  • Relevant bank, financial services, and/or treasury experience a plus

  • Operational accounting and treasury and accounting systems experience in a high transaction volume environment

  • Solid proficiency in Microsoft Office, particularly Microsoft Excel

  • PeopleSoft or other ERP experience a plus

  • Experience with Alteryx, SQL, or similar data tools a plus

  • Ability to communicate complex information in a concise and understandable manner

  • Excellent analytical, organization, and project management skills

  • Ability to drive work independently and manage multiple projects that vary in scope and complexity simultaneously

What you’ll do:

  • Manage the accounting, including journal entries and reconciliations, for the investment and derivatives portfolio across multiple legal entities.

  • Prepare variance analysis related to net interest revenue in the Bank Portfolios and partner with finance in updating monthly forecasts.

  • Prepare various schedules for the monthly financial close package, as well as schedules for regulatory reporting groups.

  • Document the designation or de-designation of cash flow & fair value/portfolio layer method hedging relationships in accordance with company policy

  • Liaise with the treasury team on new investment and funding products to ensure proper accounting treatment and test related system functionality.

  • Maintain and adhere to SOX controls and lead discussions with the SOX compliance team as well as participate in periodic internal audit reviews.

  • Work closely with the technology teams to improve and implement technology enhancements, including process automation.

  • Investigate and resolve any reconciling items within the portfolios by providing thorough analysis and documentation.

  • Respond to questions from the external auditors, SEC Reporting and other regulatory reporting teams regarding investments and other funding sources.

  • Consult with the Accounting Policy team on the accounting policies and practices related to investments.

  • Perform other ad hoc initiatives, as needed.

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

About Charles Schwab

Charles Schwab is a financial services company that provides a full range of securities, brokerage, banking, money management, financial advisory, investor, and retirement plan services. It operates in four main divisions; investing, wealth management, banking, and trading. Charles Schwab provides a full-service brokerage platform that serves individual investors who invest on their own or through a workplace-sponsored retirement or equity plan, as well as banking through Schwab Bank. The firm was founded in 1973 and is headquartered in San Francisco, California.

Charles Schwab Careers

Join the vibrant team at Charles Schwab, a leader in global finance, where your career is propelled by innovation, leadership, and a commitment to diversity and professional growth. At Charles Schwab, we offer more than just job opportunities; we provide a platform for you to make a significant impact on the industry and our clients' lives.

Work You’ll Do

At Charles Schwab, we are dedicated to helping our clients manage their financial futures. Being part of our team means you'll work alongside some of the most skilled professionals in the financial services industry. Our culture thrives on teamwork, integrity, and relentless dedication to our clients. Whether you're looking for a position in financial consulting, technology, or administrative support, Charles Schwab offers a dynamic work environment where your skills will be honed and your achievements recognized.

Innovate and Lead

Embrace the opportunity to lead through innovation. Charles Schwab’s commitment to technology and innovation is fundamental to our service delivery. By joining our team, you will be at the forefront of developing new solutions that redefine the future of finance. Your leadership can guide significant projects that impact our company and the industry.

Grow Your Career

Charles Schwab believes in fostering the growth of its employees. Whether through professional development programs, diversity training, or leadership workshops, we ensure that our team members receive the support and training they need to advance their careers. With a variety of career paths available, your job at Schwab can evolve with your interests and expertise.

Internship and Employment Opportunities

Start your professional journey with Charles Schwab through our internship programs or full-time employment opportunities. We seek individuals who are passionate, curious, and ready to drive change. A career at Schwab is not just about having a job; it's about building a lasting relationship with a company that values your potential.

Benefits and Culture

Charles Schwab is renowned for its employee-friendly culture. We offer a comprehensive benefits package that supports the health, financial stability, and work-life balance of our team members. From competitive salaries and bonuses to health insurance and retirement plans, Schwab ensures that your career is as rewarding as it is enriching.

Networking and Professional Development

Expand your professional network and enhance your skills through our various networking events, mentorship programs, and training sessions. At Charles Schwab, we believe in leveraging collective expertise to foster learning and innovation. Engage with leaders, gain insights from experienced professionals, and build relationships that will aid your career trajectory.

Join Our Team

Explore the numerous career paths available at Charles Schwab and discover how your talents can be utilized to their fullest potential. Search open positions that match your skills and interests. We are continuously hiring across various disciplines and look forward to adding innovative, driven individuals to our team.

Stay Connected

Keep up to date with the latest from Charles Schwab Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and be the first to know about new openings, company news, and professional tips.

Explore Charles Schwab Jobs

Ready to take the next step in your career? Visit our careers page to review current job openings, submit your resume, and prepare for your interview. At Charles Schwab, your future is waiting. [SEARCH CHARLES SCHWAB JOBS] Join Charles Schwab today and be part of a team that values diversity, innovation, and leadership—where your career can thrive in the exciting world of finance.
Learn more about Charles Schwab
Size
34,200 employees
Market Cap
$151.6 billion
Industry
Finance & Insurance
Net Income
$3.2 billion
Founded
1973
5 Year Trend
+20%
Revenue
$12.1 billion
NASDAQ
SCHW
* Ladders Estimates

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