Sr. Specialist, Tax & Cost Basis Operations

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 build a world-class client experience, while providing a controlled and focused 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 outstanding team within Operational Services that provides premier support to our clients for their tax and cost basis needs.

• Research and processing cost basis adjustments for Retail and Advisor Services clients
• Option trade reconciliation, return of capital, and cost basis fixed income updates
• Research across multiple systems to verify transaction information
• Process corrections in SPARKS, Schwab’s cost basis system
• Work collaboratively and optimally with others
• Coordinate meetings/calls with business partners and summarize takeaways
• Effectively leverage tools and resources

• 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
• Experience with Sparks & Gainskeeper
• 4+ years of experience in Operations or the financial services industry
• Expertise in 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
• 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

• Series 7/63 

• 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.

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