What are the responsibilities and job description for the Specialist, Cost Basis Operations position at Charles Schwab?
Your Opportunity
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. Explore an exciting and challenging opportunity to join an outstanding team within Operational Services that provides cost basis updates, support, and resolution of client inquiries.
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
- Bulk cost basis updates
- Work collaboratively and effectively with others
- Effectively leverage tools and resources
What you have
- Highly motivated and results driven
- Strong organization and time management skills
- Excellent written and verbal communication skills
- Strong analytical skills, attention to detail, and a passion for service quality
- Advanced MS Excel skills, ability to work with large data sets
- Bachelor's degree or equivalent experience in Accounting, Finance or Economics
- Experience working in financial services industry
- Proven cost basis experience and knowledge framework
- 2 years of experience in the financial services industry
- Knowledge of IRS Cost Basis regulations in relation to broker/dealer reporting
- Expertise in cost basis reporting topics, such as impact of return of capital transactions, corporate actions, fixed income amortization/accretion, etc.
- 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 willingness 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 also eligible for bonus or incentive opportunities.
Why work for us?
Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Explore further.
Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. Please click here to see the policy.
Schwab is an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.
TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.
Salary : $46,000 - $67,500
