Tax & Cost Basis Operations Specialist

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.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified locations.

Cost Basis Operations (CBO) 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 create a premier client experience, while providing a controlled and disciplined environment that allows our employees to feel valued and engaged. This is a fast-paced working environment where effective communication and teamwork are a must. Explore an exciting and challenging opportunity to join an exceptional team with Operational Services that has a direct impact on our clients.

As a Specialist in Cost Basis Operations you will be part of a team that oversees the transmission and upkeep of cost basis data for assets transferred in and out of Schwab. This is a fast-paced working environment where effective communication and teamwork are a must. Flexibility and adaptability are necessary, because the specialist will rotate through different functions as business needs arise. Duties will include, but are not limited to:

• Research and processing cost basis adjustments for Retail and Advisor Services clients

• Option trade reconciliation, return of capital, and cost basis fixed income updates

• Research across multiple systems to verify transaction information

• Process corrections in SPARKS, Schwab’s cost basis system

• Work collaboratively and optimally with others

What you have

Required Qualifications:

• 2+ years’ experience in Operations

• Proven tax and cost basis experience and knowledge framework

Preferred Qualifications:

• Intermediate computer skills including Outlook, Excel and Word

• An understanding of Macro based tools and an ability to trouble shoot issues with them

• A good foundation and understanding of financial markets and how individuals interact with them

• This role requires strict adherence to the established policies and procedures

• Ability to work under pressure in a fast-paced, ever-changing environment while maintaining the highest level of positivity and professionalism

• Good decision making and sound judgment skills are a must

• Attention to detail is key in being successful in this position

• Requires accurate data entry skills

• Strong analytical skills

• Identify and communicate issues effectively and timely to peers and management team

• Ability to multi-task, understand the importance of follow-through

• Outstanding time management and organization skills

• BA or BS preferred

• Series 7/63 preferred

In addition 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 (https://www.schwabjobs.com/hybrid-work) 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 (https://www.schwabjobs.com/summary-of-benefits) 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’s in it for you:

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. 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

Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.