Manager, Fund Accounting

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 Fund Accounting Team function within Schwab Asset Management (SAM) is primarily responsible for oversight of the third-party fund accounting service provider with respect to the proprietary mutual funds, exchange-traded funds (ETFs), and bank collective trust funds. The Fund Accounting Team is looking for a Manager to support their growing team. This individual is responsible for ensuring the fund accountant records transactions in accordance with the Funds' accounting policies, ensures accuracy of the fund Net Asset Values (NAVs) and oversees fund distributions. As a Manager you will be responsible for working with members of the fund accounting team and will work with other fund administration departments on an ongoing basis.

This role requires partnering with all functional areas within SAM including, but not limited to portfolio managers, product managers, internal external tax professionals, trade operations, independent auditor, and financial reporting representatives. This person will ensure that internal controls are documented, implemented, and appropriately monitored. A key function of this role is the continued analysis of workflow and recommendation for process improvements. This role includes responsibility to stay abreast of regulatory changes and implement those changes on a go forward basis.  The Manager will also be an active participant in new product initiatives and current product business changes.  This is an individual contributor role.

Primary responsibilities include:

• End of day signoff on vendor calculated NAVs including research and explanations outside of tolerance thresholds
• Next day review of daily calculated NAVs including research and explanations
• Oversight of third-party fund accounting service provider
• Analyze fund distributions and work with team members to prepare recommendations
• Prepare monthly management reports, governance committee reports and quarterly fund board reports, as well as other periodic and ad-hoc requests
• Communicate with the external fund accountant regarding accounting policy updates
• Proactively support all business partners by providing timely and accurate reporting

What you have

• Bachelor's degree in Accounting, Finance, Economics, or related field
• 4+ years of accounting experience
• Three to five (3 to 5) years’ experience in administering mutual funds, ETFs, hedge funds or collective funds, with expertise in fund accounting
• Working knowledge of calculation of NAV per share
• Willingness to learn project management, vendor management and research skills
• Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
• Proven organizational skills, attention to detail, and the ability to meet tight deadlines

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