Specialist, Tax & Cost Basis Operations

Charles Schwab; Westlake (TX); On-site; USD 60,000 - 86,000; Full time

Benefits offered by this job

401(k) match

Paid time off

Sabbatical after 5 years

Parental leave

Tuition reimbursement

Health insurance

Job summary

Charles Schwab is seeking a Specialist in Cost Basis Operations to join our team. You will oversee the transmission and upkeep of cost basis data for assets moved in and out, rotating through functions as business needs shift.

The role demands strong communication, accuracy, and collaboration within a fast-paced environment. Responsibilities include researching cost basis adjustments, reconciling trades, and processing corrections in Gainskeeper, with a focus on precise data and regulatory

Qualifications

• 2+ years’ experience in Operations.
• BA or BS degree required; Series 7/63
• Proficient in Outlook, Excel and Word; macro tools helpful.
• Strong data entry, analytical and detail-oriented abilities.

Responsibilities

• Research and process cost basis adjustments for clients.
• Reconcile option trades and update cost basis data.
• Verify transaction information across systems.
• Process corrections in Gainskeeper and Schwab’s cost basis system.
• Collaborate effectively with team members.

Skills

Operations experience

Data entry

Analytical skills

Attention to detail

Time management

Communication

Troubleshooting

Education

BA/BS

Series 7/63

Tools

Outlook

Excel

Word

Macro tools

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.

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 location(s).

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.

What You’ll Do

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 for this role 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 Gainskeeper, Schwab’s cost basis system
• Work collaboratively and optimally with others

What you have

To ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have.

Required Qualifications

• 2+ years’ experience in Operations

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
• Proven tax and cost basis experience and knowledge framework
• 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
• Series 7/63

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.

Benefits

• 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