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).

Client Tax & Cost Basis Operations is a 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. As part of this mission, this hybrid Tax and Escheatment Specialist plays a critical role by supporting both pillars. Monitoring escalations, MyQ inquiries, inboxes, etc., supporting day-to-day processing, owning tax form and/or state escheatment processing, and building on internal and external partner relationships.

What you'll do:

• Support Escheatment team by monitoring escalations, inbox, and MyQ inquires
• Review and maintain escheatable populations for multiple states
• Work alongside leadership on highly confidential legal and audit tasks
• Create and maintain process and procedure documents for both escheatment and tax
• Support tax form production and tax withholding queues
• Process daily tax reports
• Partner with internal and external partners (including state offices and the IRS) to ensure compliance with regulations
• Lead new project initiatives
• Contribute to a multi-location, positive team environment
• Other duties as assigned 

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.

Required Qualifications:

• Experience in coordinating efforts with multiple internal business partners
• Experience in working with state offices, the IRS, or other external agencies

Preferred Qualifications: 

• Experience with Escheatment/Abandoned Property preferred
• Experience with Tax Reporting preferred
• Project Management experience a plus
• This role requires strict adherence to the established policies and procedures
• Ability to work under pressure in an ever-changing environment while maintaining a high level of professionalism
• Good decision making and sound judgment skills are a must
• Attention to detail to identify and mitigate risk by adhering to department and firm policies and procedures
• Strong communication skills with the ability to develop and grow working relationships with internal and external partners
• Identify and communicate issues effectively and timely to peers and leadership
• Ability to multi-task, understand the importance of follow-through, and risk analysis
• Have outstanding time management and organization skills
• Excellent research skills
• Strong within Excel with familiarity of writing formulas

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