Manager, Accounting

Charles Schwab Inc.•Lone Tree, CO

32d•$100,000 - $140,000

About The Position

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.

Requirements

Bachelor’s degree in accounting or finance
5+ years GAAP accounting or finance experience, direct experience with securities accounting highly preferred
Operational accounting and treasury and accounting systems experience in a high transaction volume environment
Solid proficiency in Microsoft Office, particularly Microsoft Excel
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

Nice To Haves

CPA Preferred
Relevant bank, financial services, and/or treasury experience a plus
PeopleSoft or other ERP experience a plus
Experience with Alteryx, SQL, or similar data tools a plus

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.