Manager, Accounting

About the role

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.

Responsibilities

• 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.

Qualifications

• 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

Benefits

At Schwab, you're eligible for bonus or incentive opportunities, in addition to a competitive benefits package that includes:

• 401(k) with company match and Employee stock purchase plan
• Paid time off for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance