Specialist, Accounting (SMA Billing)
About The Position
At Schwab, you are 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 onsite in one the specified locations. Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation. SAM delivers a wide variety of products including mutual funds, exchange-traded funds (ETFs), money market funds, collective investment trusts (CITs), and Separately Managed Accounts (SMAs). The overall SAM team embodies our firm's commitment to providing client-centric solutions that help Schwab clients achieve their financial goals. The SMA Billing team plays a critical role in helping our clients achieve their financial goals by performing accurate and timely fee calculations and generating invoices. We are seeking a Specialist, Accounting to join our team to assist with the monthly and termination billing fee calculations, quarterly preparation of invoices, fee requests, and overall SMA billing for Direct and Marketplace accounts for the ThomasPartners, Wasmer Schroeder, Windhaven and Personalized Index strategies. The Specialist, Accounting will be an integral part of the broader team by taking ownership of responsibilities and collaborating with our business partners.
Requirements
- Bachelor's degree required.
Nice To Haves
- 3+ years' experience within Financial Services industry and SMA experience
- Strong excel skills with macro and other data aggregation skills
- Excellent analytical and communication skills
- Strong organizational skills with the ability to balance competing priorities to meet strict deadlines
- Demonstrated problem solving skills
- Strong attention to detail, accuracy, and completeness
- Ability to effectively work in both group settings as well as independently
- Knowledge of Microsoft Dynamics Navision and Advent Portfolio Exchange software
- Knowledge of Vestmark One and Redi2 Wealth Manager software applications
- General knowledge of accounting principles
Responsibilities
- Maintaining client accounts in the accounting software
- Billing fee calculations and accruals
- Off-cycle billing fee calculations and invoice preparation for terminating accounts
- Quarterly invoice generation
- Quarterly and termination fee requests from multiple custodians/accounts
- Outstanding fee maintenance and reconciliation of payments received
- Assist in providing estimated monthly revenue for our corporate business partners
- Collaborate on various projects that could impact SMA Billing
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
5,001-10,000 employees
