Sr Manager, Fund Accounting
Your Opportunity
Your opportunity
At Schwab, you’re 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.
The Fund Accounting Team function within Schwab Asset Management (SAM) is primarily responsible for oversight of the third-party fund accounting service provider with respect to the proprietary mutual funds, exchange-traded funds (ETFs), and bank collective trust funds. The Fund Accounting Team is looking for a Senior Manager to support their growing team. This individual is responsible for ensuring the fund accountant records transactions in accordance with the Funds' accounting policies, ensures accuracy of the fund Net Asset Values (NAVs) and oversees fund distributions. As a Senior Manager you will be responsible for working with members of the fund accounting team and will work with other fund administration departments on an ongoing basis.
This role requires partnering with all functional areas within SAM including, but not limited to portfolio managers, product managers, internal tax professionals, trade operations, independent auditor, and financial reporting representatives. This person will ensure that internal controls are documented, implemented, and appropriately monitored. A key function of this role is the continued analysis of workflow and recommendation for process improvements. This role includes responsibility to stay abreast of regulatory changes and implement those changes on a go forward basis. The Senior Manager will also be an active participant in new product initiatives and current product business changes. This is an individual contributor role.
Primary responsibilities include:
- End of day signoff on vendor calculated NAVs including research and explanations outside of tolerance thresholds
- Next day review of daily calculated NAVs including research and explanations
- Oversight of third-party fund accounting service provider
- Analyze fund distributions and work with team members to prepare recommendations
- Prepare monthly management reports, governance committee reports and quarterly fund board reports, as well as other periodic and ad-hoc requests
- Communicate with the external fund accountant regarding accounting policy updates
- Proactively support all business partners by providing timely and accurate reporting
- Oversee production of board and governance committee reporting
- Partnership with all functional areas within SAM Fund Administration to coordinate and initiate Accounting Policy interim reviews/updates as well as to review and implement industry changes/trends
- Effectively communicate with all parties across the organization including portfolio managers and senior leaders
What you have
- Bachelor's degree in Accounting, Finance, Economics, or related field
- 5+ years of accounting experience
- Seven to Ten (7 to 10) years’ experience in administering mutual funds, ETFs, hedge funds or collective funds, with expertise in fund accounting
- Strong working knowledge of calculation of NAV per share
- Strong project management, vendor management and research skills
- Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
- Proven organizational skills, attention to detail, and the ability to meet tight deadlines
- Drive and skillset to identify areas of opportunity and implement effective change and automation
- Proactively support business partners and overall company goals through collaboration and effective networking
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
What’s in it for you
At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time 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
What you are good at
What you have
- Bachelor's degree in Accounting, Finance, Economics, or related field
- 5+ years of accounting experience
- Seven to Ten (7 to 10) years’ experience in administering mutual funds, ETFs, hedge funds or collective funds, with expertise in fund accounting
- Strong working knowledge of calculation of NAV per share
- Strong project management, vendor management and research skills
- Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
- Proven organizational skills, attention to detail, and the ability to meet tight deadlines
- Drive and skillset to identify areas of opportunity and implement effective change and automation
- Proactively support business partners and overall company goals through collaboration and effective networking
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment 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 policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.