Manager, Finance

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.

The Investor Services Finance team provides financial analysis and business decision support for Schwab’s Investor Services enterprise which generates $15.6B in annual revenue with $9.2B in direct expense. The team’s objectives are to help business partners drive operational leverage and maximize profitability through rigorous analysis to support strategic decision making and planning, understand business trends, and communicate segment performance.

This role is a terrific opportunity to join the team supporting the Retail enterprise in supporting the Retail Experience & Specialized Relationships (RESR) organization. RESR integrates across channels and all parts of the Retail ecosystem to stay aligned with a common Retail Strategy and to deliver exceptional experiences for Retail clients and the reps that serve them.

What we are looking for:

The expectation for a successful Finance Manager candidate supporting RESR is an individual who constantly thinks outside the box and partners effectively with leadership. Influencing senior leadership with analytical rigor and strategic thought partnership is integral to the role. While this role encompasses the full spectrum of FP&A responsibilities, it offers an exciting opportunity to focus more on dynamic, ad-hoc analysis and strategic business partnering, complementing traditional financial planning and reporting.

What to expect:

Many strategic initiatives originate within the RESR organization, and Finance is frequently called upon to provide economic impact analysis to assess potential opportunities. These requests may take the form of business cases or ad-hoc inquiries from top Retail leadership. One day might involve evaluating a new strategic investment, while another could focus on a specific franchise branch opportunity. While the role includes consistent responsibilities, the ideal candidate embraces a diverse range of analyses and projects.

What you have

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

Required Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or related field
• A minimum of 4 years of related Financial Planning and Analysis or similar experience.
• Tactical knowledge on business process and tools, especially within Finance.
• Demonstrated experience applying financial accounting and managerial accounting principles.
• Demonstrated experience applying financial analysis principles (e.g., discounted cash flow analysis, marginal costing).
• Basic understanding of modern financial theory, capital market investments and financial products.
• Strong communication (written and verbal) and partnering skills. Comfortable interacting with director and MD level business partners and finance officers.
• Strong public speaking/presentation skills.
• Strong quantitative, analytical support skills.
• Advanced PC skills, including advanced skills in Excel, Word, PowerPoint, financial modeling.
• Meaningful experience with PeopleSoft or similar ERP software and experience with planning tools or other business analytics (such as IBM Planning Analytics) and planning software required.

Whatyou'll do:

Financial Planning & Reporting

• Lead monthly close process for expenses, personnel, and related metrics, including identifying and communicating variances to Plan.
• Facilitate ongoing forecasting and the annual budgeting process.
• Identify and understand risks and opportunities affecting future business results and lead efforts to drive budget trade-off decisions within the business.
• Plan, organize and produce financial reports and analysis for business partners on a periodic basis.
• Proactively develop improvements to the efficiency and effectiveness of reporting processes and reduce FP&A cycle times.
• Perform other financial reporting needs as required by the business.

Ad-Hoc Analysis

• Source/mine data to build and maintain financial models to inform and influence decision making.
• Develop SQL data skillset to support business initiatives
• Help drive business decisions and influence the future direction of products/services.
• Develop business cases to support investment decisions and measure benefits to understand results across a diverse set of client segments, products and offers.
• Perform other ad-hoc analyses as required by the business.

Business Partnering

• Relationship/thought partnership with department Managers, Directors and senior leadership within RESR.
• Provide financial oversight and decision support to business partners on an ongoing basis.

In addition to the salary range, this position is also eligible for bonus or incentive opportunities.