Manager, Accounting

Charles Schwab; Lone Tree (CO); Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

401(k) with company match

Employee stock purchase plan

Paid time off

Paid parental leave

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Charles Schwab is seeking an experienced accounting professional to manage the ongoing accounting for a large securities and derivatives portfolio. The role involves journal entries, reconciliations, variance analysis, monthly close, and regulatory reporting across multiple entities, with collaboration across treasury and IT teams.

The ideal candidate has a Bachelor’s in accounting or finance, 5+ years GAAP experience (securities accounting preferred), strong Excel skills, and the ability to

Qualifications

• Bachelor’s degree in accounting or finance is required.
• CPA certification is preferred but not mandatory.
• Minimum 5+ years GAAP accounting or finance experience, with securities accounting experience highly preferred.
• Experience in financial services, treasury, and high-volume transactions is a plus.
• Strong Excel and ERP familiarity; data tools like Alteryx/SQL are advantageous.
• Able to communicate complex information clearly and manage multiple projects.

Responsibilities

• Manage accounting, journal entries, and reconciliations for investment and derivatives portfolios across entities.
• Prepare variance analysis on net interest revenue and assist monthly forecasts.
• Create monthly close and regulatory reporting schedules.
• Document cash flow and fair value/portfolio hedging relationships per policy.
• Collaborate with treasury and IT to implement system enhancements and test functionality.
• Maintain SOX controls and support internal audits.
• Assist external auditors and regulatory reporting teams with investments data.
• Support Accounting Policy with policy and practice discussions.
• Handle ad hoc accounting initiatives as needed.

Skills

Bachelor's degree in accounting/finan

5+ years GAAP accounting

Securities accounting experience

Excel proficiency

ERP experience (PeopleSoft or similar)

Alteryx/SQL knowledge

Strong communication skills

Analytical and project management

Independent work capability

Education

Bachelor’s degree in accounting or finance

CPA preferred

Tools

Excel

PeopleSoft/ERP

Alteryx/SQL

Job description

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.

This role provides a meaningful opportunity for a highly motivated accounting professional to play a critical part managing the ongoing accounting for Schwab’s large portfolio of securities and interest rate derivatives. This includes accounting, analyzing, reporting, reconciling, remediating system issues, assessing fair value measurements, and testing system functionality. Performing this role requires ongoing interaction with the Treasury Capital Markets team, Treasury Settlement Services team, Finance Innovation Team, and external software consultants, acting as the Bank Accounting team liaison with these groups. As part of the Corporate Controller’s Department, the Bank Accounting group is responsible for closing the books for the three bank subsidiaries and two trust companies.

What you have

• Bachelor’s degree in accounting or finance
• CPA Preferred
• 5+ years GAAP accounting or finance experience, direct experience with securities accounting highly preferred
• Relevant bank, financial services, and/or treasury experience a plus
• Operational accounting and treasury and accounting systems experience in a high transaction volume environment
• Solid proficiency in Microsoft Office, particularly Microsoft Excel
• PeopleSoft or other ERP experience a plus
• Experience with Alteryx, SQL, or similar data tools a plus
• Ability to communicate complex information in a concise and understandable manner
• Excellent analytical, organization, and project management skills
• Ability to drive work independently and manage multiple projects that vary in scope and complexity simultaneously

What you’ll do

• Manage the accounting, including journal entries and reconciliations, for the investment and derivatives portfolio across multiple legal entities.
• Prepare variance analysis related to net interest revenue in the Bank Portfolios and partner with finance in updating monthly forecasts.
• Prepare various schedules for the monthly financial close package, as well as schedules for regulatory reporting groups.
• Document the designation or de-designation of cash flow & fair value/portfolio layer method hedging relationships in accordance with company policy
• Liaise with the treasury team on new investment and funding products to ensure proper accounting treatment and test related system functionality.
• Maintain and adhere to SOX controls and lead discussions with the SOX compliance team as well as participate in periodic internal audit reviews.
• Work closely with the technology teams to improve and implement technology enhancements, including process automation.
• Investigate and resolve any reconciling items within the portfolios by providing thorough analysis and documentation.
• Respond to questions from the external auditors, SEC Reporting and other regulatory reporting teams regarding investments and other funding sources.
• Consult with the Accounting Policy team on the accounting policies and practices related to investments.
• Perform other ad hoc initiatives, as needed.

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