What are the responsibilities and job description for the Tax & Cost Basis Operations Specialist position at Charles Schwab Inc.?
Your Opportunity
Tax and Cost Basis Operations (TCBO) 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 build a world-class client experience, while providing a controlled and focused environment that allows our employees to feel valued and engaged. Explore an exciting and challenging opportunity to join an outstanding team within Operational Services that provides premier support to our clients for their tax and cost basis needs. As part of this mission, the Flex Team Associate plays a critical role by supporting increased volumes across the department.
What you are good at
- Research and processing cost basis adjustments for Retail and Advisor Services clients
- Option trade reconciliation, return of capital, and cost basis fixed income updates
- Review and process daily reports to ensure accuracy of the Tax Database
- Provide support to tax form production and reclassification of dividends
- Work collaboratively and optimally with others
- Effectively leverage tools and resources
- Partner with internal business partners to ensure compliance with regulations
What you have
- Highly motivated and results driven
- Strong analytical skills, attention to detail, and a passion for service quality
- Strong MS Excel skills, ability to work with large data sets
- Bachelor's degree or equivalent experience in Accounting, Finance or Economics preferred
- Experience working in financial services industry
- Proven tax and cost basis experience and knowledge framework
- 2 years of experience in the financial services industry
- Knowledge of IRS regulations in relation to broker/dealer reporting
- Expertise in tax and cost basis reporting topics, such as impact of return of capital transactions, corporate actions, fixed income amortization/accretion, etc.
- Expertise in either Schwab Blue or Green Tax or Cost Basis Systems
- A valid and active FINRA Series 7 license preferred
You demonstrate these behaviors:
- Analytical Thinking – Approaches a complex task or problem by breaking it down into its component parts and considering each part in detail.
- Fostering Teamwork – Provides support and information to others, to build or maintain relationships with the team.
- Forward Thinking – Anticipates possible problems and consequences of situations and taking appropriate action.
- Results Orientation – Has a strong sense of urgency about solving problems and getting work done.
- Flexibility – Demonstrates openness to new organizational structures, procedures, and technology.
- Building Collaborative Relationships – Provides support and information to others to build a basis for future reciprocity.
What you’ll get:
- In addition to the salary range, this role is also eligible for bonus or incentive opportunities
- Comprehensive Compensation and Benefits package.
- Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts.
- Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program.
- Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions.
- Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships.
- Not just a job, but a career, with an opportunity to do the best work of your life.
Salary : $50,600 - $67,500
