Charles Schwab
Tax and Cost Basis Operations Specialist
Join to apply for the
Tax and Cost Basis Operations Specialist
role at
Charles Schwab
2 days ago – Be among the first 25 applicants.
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.
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.
Duties 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 SPARKS, 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.
Preferred Qualifications
Series 7/63
Required Qualifications
Advanced MS Excel skills, ability to work with large data sets
Bachelor's degree or equivalent experience in Accounting, Finance or Economics
Proven tax and cost basis experience and knowledge framework
2+ years of experience in Operations or the financial services industry
Expertise in IRS regulations in relation to broker/dealer reporting
Expertise in tax and cost basis reporting topics, such as impact of return of capital transactions, corporate actions, fixed income amortization/accretion, etc.
Expertise in either Schwab Blue or Green Tax or Cost Basis Systems
Highly motivated and results driven
Demonstrates excellent organization and time management skills
Excellent written and verbal communication skills
Very strong analytical skills, attention to detail, and a passion for service quality
Ability to work under pressure in a fast-paced, ever-changing environment while maintaining the highest level of positivity and professionalism
Identify and communicate issues effectively and timely to peers and management team
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
Seniority level
Entry level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Referrals increase your chances of interviewing at Charles Schwab by 2x
Get notified about new Tax Specialist jobs in Westlake, TX.
Keller, TX $75,000.00-$95,000.00 1 week ago
#J-18808-Ljbffr
Tax and Cost Basis Operations Specialist
role at
Charles Schwab
2 days ago – Be among the first 25 applicants.
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.
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.
Duties 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 SPARKS, 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.
Preferred Qualifications
Series 7/63
Required Qualifications
Advanced MS Excel skills, ability to work with large data sets
Bachelor's degree or equivalent experience in Accounting, Finance or Economics
Proven tax and cost basis experience and knowledge framework
2+ years of experience in Operations or the financial services industry
Expertise in IRS regulations in relation to broker/dealer reporting
Expertise in tax and cost basis reporting topics, such as impact of return of capital transactions, corporate actions, fixed income amortization/accretion, etc.
Expertise in either Schwab Blue or Green Tax or Cost Basis Systems
Highly motivated and results driven
Demonstrates excellent organization and time management skills
Excellent written and verbal communication skills
Very strong analytical skills, attention to detail, and a passion for service quality
Ability to work under pressure in a fast-paced, ever-changing environment while maintaining the highest level of positivity and professionalism
Identify and communicate issues effectively and timely to peers and management team
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
Seniority level
Entry level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Referrals increase your chances of interviewing at Charles Schwab by 2x
Get notified about new Tax Specialist jobs in Westlake, TX.
Keller, TX $75,000.00-$95,000.00 1 week ago
#J-18808-Ljbffr