Charles Schwab Sr. Manager - Accounting in Chicago, Illinois


Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111

Axle J Marcoline


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 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:

Charles Schwab Investment Management (CSIM) is the asset management arm of the Charles Schwab Corporation, and has over $320 billion under management in mutual funds and ETFs. Products managed include a wide variety of active and indexed equity, fixed income, and asset allocation strategies, as well as money markets funds. CSIM uses a consistent and disciplined approach to investing across all our products and seeks to develop innovative new products to meet the core investing needs of our clients.

This is a people manager role on the Valuation Team inside the larger CSIM Fund Administration, Custody, Treasury, Operations & Reporting group. The group’s overarching goal is to actively contribute in the success of our proprietary mutual fund business. Our group is focused on our fund business and improving the risk management, administration, fund accounting, security valuation, tax, reporting, and processing of cash and securities.

The Senior Manager is responsible for oversight of the third party fund accounting service provider, specifically the oversight of the valuation of the securities held by our funds. This individual will be part of the team that oversees the valuation of the fund holdings and ensures that the values used are in accordance with the pricing policies and procedures of the Funds and ETFs.

This role requires partnering with all functional areas within CSIM including the Pricing Committee, portfolio managers, trading, credit research and trade operations. External partners include the fund accountant, pricing vendors, and external auditors. A key responsibility of this role is the ownership of work flow enhancements, process improvements, and analytics on our pricing providers. This role also includes a significant responsibility to stay abreast of regulatory changes and relevant industry changes/trends. Based on that responsibility, this individual will build support for change and educate partners internally, make recommendations to senior management, and ultimately implement those changes on a go-forward basis

What you’ll do:

Primary responsibilities include:

  • Oversight of external fund accounting and valuation activities

  • Perform critical tasks to ensure the securities are valued in accordance with the pricing policies and procedures of the Funds and ETFs

  • Proactively communicate with the external fund accountant regarding valuation determinations and reviewing appropriate valuations, ensuring accuracy and timeliness

  • Research and prepare documentation and make recommendations to the CSIM Pricing Committee to use in fair valuation determinations

  • Manage and/or facilitate daily calls with the CSIM Pricing Committee, including guiding staff with fair value recommendations

  • Assist with oversight of third party pricing vendors

  • Manage and guide a staff of valuation manager(s)

To learn more about the culture at Schwab, click here to meet our people at .

What you have:

  • Bachelor's degree required - preferably in Accounting, Finance or Economics

  • Six to eight (6 to 8) years’ experience in administering mutual funds, ETFs, hedge funds or collective funds, with expertise in fund accounting, valuation and/or operations

  • Experience with a multi-location team/firm is a plus

  • Knowledge of the calculation of NAVs and valuation of fund holdings. Knowledge of the valuation of Money Market Fund securities is a plus.

  • In-depth knowledge of and knowledge of valuation methodologies preferred

  • Strong project management, vendor management, and research skills

  • Excellent people management skills including strong communication skills with team members at all levels

  • Experience with Bloomberg and Microsoft Excel and PowerPoint

This is a summary only and duties and responsibilities may be changed from time to time, or over time

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: 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/affirmative action employer committed to diversifying its workforce. All applications are considered without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status (disabled veterans, recently separated veterans, active duty wartime or campaign badge veterans, Armed Forces service medal veterans), or based on any individual's status in any group or class protected by applicable federal, state or local law.

Job Specifications

Relocation Offered?: No

Work Schedule: Days

Languages: English - spoken

Current Licenses / Certifications: None

Relevant Work Experience: Financial Services-6+ yrs, Investment Management - 6+ yrs, Accounting and Finance-6+ yrs

Position Located In: IL - Chicago

Education: BA/BS

Job Type: Full Time


Activation Date: Friday, April 20, 2018

Expiration Date: Saturday, May 26, 2018

Apply Here