Operations Specialist, Tax & Cost Basis
Your Opportunity
Your opportunity
Tax and Cost Basis Operations (TCBO) is part of the Custody & Asset Services division of Operational Services. We are dedicated to leading a culture that delivers timely and accurate tax reporting in our efforts to build a world-class client experience, while providing a controlled and focused environment that allows our employees to feel valued and engaged. Explore an exciting and challenging opportunity to join an outstanding team within Operational Services that provides premier support to our clients for their tax reporting needs. The Withholding and Reconciliation is a niche group within Tax and Cost Basis Operations that serves to provide accurate tax reporting and reconciliations.
What you'll do:
- Provide support to tax form production
- Work collaboratively and optimally with others
- Effectively leverage tools and resources
- Partner with internal business partners to ensure compliance with regulations
- Provide vision, review and ownership for projects and productions
- Provide support during peak volumes for withholding reconciliations and filings
- Review and validate Schwab Bank tax and withholding reconciliation
What you have
Required Qualifications:
- 1+ years of experience in the tax and/or cost basis industry
- Bachelor's degree or equivalent experience in Accounting, Finance or Economics preferred
- Expertise in tax reporting
Preferred Qualifications:
- Highly motivated and results driven
- Strong analytical skills, attention to detail, and a passion for service quality
- Proven tax and cost basis experience and knowledge framework
- Knowledge of IRS regulations in relation to broker/dealer reporting
- Excellent written and verbal communication skills
- Flexibility to work in an evolving environment as processes and procedures are developed
- Strong MS Excel skills, ability to work with large data sets
- Schwab Bank experience preferred
- Series 7 license preferred
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
Required Qualifications:
- 1+ years of experience in the tax and/or cost basis industry
- Bachelor's degree or equivalent experience in Accounting, Finance or Economics preferred
- Expertise in tax reporting
Preferred Qualifications:
- Highly motivated and results driven
- Strong analytical skills, attention to detail, and a passion for service quality
- Proven tax and cost basis experience and knowledge framework
- Knowledge of IRS regulations in relation to broker/dealer reporting
- Excellent written and verbal communication skills
- Flexibility to work in an evolving environment as processes and procedures are developed
- Strong MS Excel skills, ability to work with large data sets
- Schwab Bank experience preferred
- Series 7 license preferred
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.