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.
Cost Basis Operations (CBO) 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. CBO is under the Shared Support Services umbrella.
What You’ll Do
Research and process cost basis adjustments and updates, including General Edits, Date of Death Step-ups, Versus Purchase, Cost Method Changes, etc.
Reconcile positions and transactions against Schwab’s cost basis database and other systems of record
Ensure proper cost basis reporting on tax forms
Perform bulk and/or complex cost basis updates, as needed
What you have
To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Highly motivated and results driven
Strong organization and time management skills
Excellent written and verbal communication skills
Strong analytical skills, attention to detail, and a passion for service quality
Proficient in Excel, ability to work with large data sets
Bachelor's degree or equivalent experience in Accounting, Finance or Economics
In addition to the salary range, this role is also eligible for bonus or incentive opportunities
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
401(k) with company match and Employee stock purchase plan
Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
