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.