Senior Accountant

The Corporate Controller’s Department oversees for the financial books and records of The Charles Schwab Corporation and related subsidiaries.  Within the Corporate Controller’s Department, Broker-Dealer Accounting is responsible for maintaining the income statement and balance sheet of Charles-Schwab & Co. and other subsidiaries.  The Revenue Accounting team is especially engaged in understanding, recognizing, analyzing, and explaining the various income streams of the broker-dealer. 

Since Schwab’s revenue model is highly complex and dependent on several dynamic macroeconomic and client factors, the Revenue Accounting team plays a crucial role in helping finance and leadership understand our financial results.  This position plays a significant role in properly accounting for Schwab’s Asset Management & Administrative Fees, which includes preparing journal entries, account reconciliations, variance analysis, audit support, and other ad hoc financial reporting.

What you’ll do:

• Serve as the custodian of the general ledger by accurately and timely recognizing broker-dealer accounting transactions.
• Maintain comprehensive and precise standard procedures, account reconciliations, and revenue analysis.
• Provide the highest level of support and documentation for ongoing revenue related projects across the broker-dealer.
• Understand Schwab’s business model and the different ways we earn revenue.
• Prepare presentations that summarize key results and findings of variance analysis.
• Continuously improve our reporting and analysis capabilities through process improvements and automation.
• Support external and internal audit, SOX, regulator, and various business partner inquiries through research.

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• 2+ years of career experience in Accounting or Finance, CPA preferred but not required.
• An enthusiasm to continuously learn amidst changing business conditions.
• Sound understanding of accounting principles and concepts.  General Ledger experience preferred.
• Shown analytical skills and strong attention to detail with a high degree of accuracy.
• Highly proficient in Microsoft Excel
• Good communication and relationship-building skills.
• Ability to work as a team to deliver results.
• Able to work well in a fast-paced, time-sensitive environment with the ability to balance multiple priorities to ensure compliance with established deadlines.
• Familiar with the capabilities of large-company enterprise reporting systems.  PeopleSoft Financials experience a plus.