Sr Specialist, Tax & Cost Basis Operations

Your Opportunity

Schwab remains committed to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidate identified for this role.

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.

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, the Escheatment and Tax Sr. Specialist plays a critical role by monitoring state accounts and engaging states proactively to ensure accurate reporting.

What you’ll do:

• Establish and maintain escheatable population for multiple states
• Perform Due Diligence to inform all Charles Schwab clients of pending escheatment in accordance with state regulations and deadlines
• Remit large sums to state offices accordingly with state regulations and deadlines
• Ensure all regulatory deadlines are met for all individually owned states
• Track and interpret state statutes and other abandoned property updates
• Lead project initiatives for modernizing Charles Schwab escheatment
• Create and maintain process and procedure documents
• Coordinate efforts with internal business partners
• Partner with external partners to ensure compliance with regulations
• Other duties as assigned

What you have

To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications:

• 2+ years experience with Unclaimed Property
• 2+ years experience with Project Management
• 2+ years experience in coordinating efforts with internal business partners and external regulatory agencies such as state offices
• This role requires strict adherence to the established policies and procedures

Preferred Qualifications: 

• Ability to work under pressure in an ever-changing environment while maintaining a high level of positivity and 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 clients
• Identify and communicate issues effectively and timely to peers and leadership
• Ability to multi-task, understand the importance of follow-through
• Have outstanding time management and organization skills

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