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Sign up with Clera and we'll reach out the moment a role actually fits you — no more spraying applications into the void.
$100k–$140k/yr
Full-time
bachelor degree, professional certificate
Bonus, Incentive Opportunities
Posted 24d ago
Apply by Jul 27
~40 hrs/week
Responsibilities
Manage accounting, journal entries, and reconciliations for investment and derivatives portfolios across multiple legal entities. Collaborate with treasury and technology teams to ensure proper accounting treatment and implement process automation enhancements.
Requirements
Requires a bachelor's degree in accounting or finance with over 5 years of GAAP experience, specifically in securities accounting. Proficiency in Microsoft Excel and experience with ERP systems or data tools like SQL and Alteryx is highly preferred.
Full job description
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.
This role provides a meaningful opportunity for a highly motivated accounting professional to play a critical part managing the ongoing accounting for Schwab’s large portfolio of securities and interest rate derivatives. This includes accounting, analyzing, reporting, reconciling, remediating system issues, assessing fair value measurements, and testing system functionality. Performing this role requires ongoing interaction with the Treasury Capital Markets team, Treasury Settlement Services team, Finance Innovation Team, and external software consultants, acting as the Bank Accounting team liaison with these groups. As part of the Corporate Controller’s Department, the Bank Accounting group is responsible for closing the books for the three bank subsidiaries and two trust companies.
What you have
Bachelor’s degree in accounting or finance
CPA Preferred
5+ years GAAP accounting or finance experience, direct experience with securities accounting highly preferred
Relevant bank, financial services, and/or treasury experience a plus
Operational accounting and treasury and accounting systems experience in a high transaction volume environment
Solid proficiency in Microsoft Office, particularly Microsoft Excel
PeopleSoft or other ERP experience a plus
Experience with Alteryx, SQL, or similar data tools a plus
Ability to communicate complex information in a concise and understandable manner
Excellent analytical, organization, and project management skills
Ability to drive work independently and manage multiple projects that vary in scope and complexity simultaneously
What you’ll do:
Manage the accounting, including journal entries and reconciliations, for the investment and derivatives portfolio across multiple legal entities.
Prepare variance analysis related to net interest revenue in the Bank Portfolios and partner with finance in updating monthly forecasts.
Prepare various schedules for the monthly financial close package, as well as schedules for regulatory reporting groups.
Document the designation or de-designation of cash flow & fair value/portfolio layer method hedging relationships in accordance with company policy
Liaise with the treasury team on new investment and funding products to ensure proper accounting treatment and test related system functionality.
Maintain and adhere to SOX controls and lead discussions with the SOX compliance team as well as participate in periodic internal audit reviews.
Work closely with the technology teams to improve and implement technology enhancements, including process automation.
Investigate and resolve any reconciling items within the portfolios by providing thorough analysis and documentation.
Respond to questions from the external auditors, SEC Reporting and other regulatory reporting teams regarding investments and other funding sources.
Consult with the Accounting Policy team on the accounting policies and practices related to investments.
Perform other ad hoc initiatives, as needed.
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
Related keywords
GAAPCPASecurities AccountingInterest Rate DerivativesFair ValueTreasury Capital MarketsPeopleSoftERPAlteryxSQLSOX ControlsSEC ReportingNet Interest RevenueCash Flow HedgingPortfolio Layer MethodFinancial Close
Charles Schwab is a different kind of investment services firm – one that strives to disrupt the status quo of the traditional Wall Street approach on behalf of our clients. We believe today, as we did on Day 1, that when you find ways to improve the investing experience for your clients, then business results will follow. Follow our company culture at #SchwabLife and see how we give back at #Schwab4Good.
Support hours: 7 a.m.–7 p.m. CT or 24/7 at schwab.com/contact-us.
Social Media Disclosures: https://www.aboutschwab.com/social-media
(#0424-TM8W)
Offices: 3000 Schwab Way, Westlake, Texas 76262, US · 211 Main St, San Francisco, CA 94105, US · 9899 Schwab Way, Lone Tree, CO 80124, US · 2423 E Lincoln Dr, Phoenix, Arizona 85016, US · 200 S 108th Ave, Omaha, Nebraska 68154, US
BrokerageBankingFinancial ConsultingFinancial Products and ServicesPortfolio ManagementAdvisor ServicesRetirement Plan ServicesSpecialty Brokerage Servicesand Mutual Fund Clearing ServicesFinance
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