Your OpportunityAt 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.Primary responsibilities include, but are not limited to:
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
What you haveRequired Qualifications
Bachelor’s degree required.
Preferred Qualifications
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
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
