Charles Schwab Loan Team Specialist in Austin, Texas


Austin - TX, AUSTINB, 12401 Research Blvd, 78759

Christal Lynn Fortunato


We believe that , when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck at over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

Schwab Retirement Plan Services (SRPS) is one of the leading providers of bundled retirement plan services. For mid to large sized companies, Schwab offers full-service retirement plans featuring complete retirement services from a single source. Schwab’s combined expertise in recordkeeping and related services, investment choice and award-winning participant experience and education (including retirement plan advice) and high-end technology helps employers offer competitive employee benefits.

What you’ll do:

Most 401k plans we service contain a loan provision, a popular feature that many participants take advantage of at some point during their retirement savings phase. Our surveys have found that participants who take out a loan have a Client Promoter Score three times greater than those that do not, making the servicing of those loans even more critical. In many cases, this loan may be the only time those participants contact us or use our services. Getting the process right is critical to their needs and satisfaction with Schwab and this employer benefit. As a loan specialist, you will have a unique opportunity of defining the service that will be delivered to both the participant and plan sponsor. The Loan Team Specialist is expected to be a subject matter expert in retirement plan loan processing and maintenance while providing consultative services to SRPS plan sponsors. Specifically, the position responsibilities include:

  • Work directly with clients to bring loans current by providing reports (standard and customized) of delinquent loans and developing actionable plans.

  • Research loan and payroll history to provide clients with resolution and accurate data.

  • Ability to communicate directly with plan sponsors, determining the appropriate channel (email and/or telephone) on day to day plan needs (loan specific).

  • Coordinate with Client Services and Participant Services Teams to provide quick turnaround around times on participant and client requests.

  • Maintain quality control and procedures, and create process improvements in order to meet key deliverables and exceed client expectations.

  • Daily monitoring and processing incoming loan modification requests.

  • Oversight and review of our automated loan application processes.

  • Participate in new plan and merger conversion meetings; assisting with new client (contact) onboarding efforts.

  • Coordinate with our Payroll Consulting team on unique solutions to solve client loan issues.

  • Participate in client site visits; selling the team and offer or answering questions as a Subject Matter Expert.

What you have:

  • 2-5 years of experience in Qualified Retirement Plan Administration or similar financial industry role.

  • Bachelor’s Degree or equivalent work and education experience.

  • A Client-First Attitude. At Schwab, we seek to view our business “Through Clients’ Eyes”.

  • Acute attention to detail.

  • Ability to multi-task in a fast-paced, deadline-driven environment with minimal errors.

  • Excellent oral and written communication skills, including comfortability presenting to clients and internal departments.

  • Advanced knowledge of Microsoft Excel, Word, and PowerPoint.

  • Creative thought process focusing on continuous process improvement.

  • Ability to exercise good judgment, knowing how and when to call on other resources.

  • A knack for challenging the status quo.

  • Proven ability to influence others with reasoned debate and dialogue rather than consensus building.

  • Outstanding time management skills.

  • Exceptional organizational and analytical skills.

  • Track record of excelling in a team based culture.

Preferred Qualifications:

  • ASPPA industry designation (QKA, QPA, etc.).

  • Experience with SharePoint.

  • Familiarity with analytics.

  • Intermediate to Proficient with Excel Macros, Pivot Tables.

  • Past experience in a client-facing role.

What you’ll get:

  • Comprehensive Compensation and Benefits package

  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts

  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program

  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions

  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships

  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab at" .

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab's hiring decisions. All other submissions should be performed online.

Job Specifications

Relocation Offered?: No

Work Schedule: Days

Languages: English - spoken

Current Licenses / Certifications: None

Relevant Work Experience: Retirement Services-2-5 yrs, Brokerage Operations-2-5 yrs, Banking-6+ yrs, Brokerage Operations-6+ yrs, Retirement Services-6+ yrs, Banking-2-5 yrs, Financial Services-6+ yrs, Customer Service-6+ yrs, Customer Service-2-5 yrs, Accounting and Finance-2-5 yrs, Accounting and Finance-6+ yrs, Financial Services-2-5 yrs

Position Located In: TX - Austin, OH - Richfield

Education: BA/BS

Job Type: Full Time

Category:Retirement Services

Activation Date: Friday, May 25, 2018

Expiration Date: Saturday, June 30, 2018

Apply Here