Manager, Accounting

Charles Schwab; Omaha (NE); On-site; USD 95,000 - 125,000; Full time

Job summary

Charles Schwab in Omaha, NE is seeking an accounting professional to manage ongoing accounting for a large securities and interest rate derivatives portfolio. This role sits in the Bank Accounting group within the Corporate Controller’s Department and interacts with Treasury Capital Markets, Treasury Settlement Services, Finance Innovation, and external software consultants.

You will lead journal entries, reconciliations, monthly close schedules, and regulatory reporting support, while

Qualifications

• Bachelor’s degree in accounting or finance required.
• CPA preferred; 5+ years GAAP accounting experience.
• Direct experience with securities accounting highly preferred.
• Operational and treasury systems experience in high-volume env.
• Strong Excel and ERP experience; familiarity with data tools is a plus.
• Ability to communicate complex information concisely.

Responsibilities

• Manage accounting, including journal entries and reconciliations, for investment and derivatives portfolios across entities.
• Prepare variance analyses and participate in monthly forecast updates with finance.
• Create schedules for monthly close and regulatory reporting groups.
• Document cash flow and fair value hedge relationships per policy.
• Collaborate with treasury on new products and test related system functionality.
• Maintain SOX controls and assist in internal audit reviews.
• Work with technology teams to implement process improvements and automation.
• Resolve reconciling items with thorough analysis and documentation.
• Respond to auditors and regulatory teams with accounting guidance.
• Consult Accounting Policy on investments and related practices.

Skills

GAAP accounting

Securities accounting

Excel proficiency

ERP/PeopleSoft

Alteryx/SQL

Analytical skills

Project management

Independent work

Communication skills

Education

Bachelor’s degree in accounting or finance

CPA preferred

Tools

Excel

ERP (PeopleSoft)

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.

Qualifications

• 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 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

Responsibilities

• 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