Sr. Manager, Tax

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 Tax Team function within Schwab Asset Management (SAM) is primarily responsible for all tax matters relating Schwab’s proprietary mutual funds, exchange-traded funds (ETFs), and alternative products. The Tax Team is looking for a Senior Manager to support their growing team. This individual is responsible for ensuring the various tax requirements and regulations are satisfied for these products. As a Senior Manager you will be responsible for working with members of the Tax team and will work with other SAM departments on an ongoing basis.

This role requires partnering with all functional areas within SAM including, but not limited to portfolio managers, product managers, fund accounting, trade operations, independent auditor, and financial reporting representatives. This person will ensure that internal controls are documented, implemented, and appropriately monitored as it relates to the continued analysis of new products and securities. This role also includes the responsibility to stay abreast of regulatory changes and implement those changes on a go-forward basis.  The Senior 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: 

• Responsibility for tax matters, including establishing tax policies, relating to alternative product types and non-traditional asset classes such as partnerships
• Help oversee tax services of outside service providers to ensure deliverables are complete, accurate, and provided on time and assist with performance evaluation, recommending changes when necessary
• Maintain internal control documentation and assist with the documentation of tax legal positions (ASC 740)
• Be a leader in the financial statement audit process as it relates to the review of taxable income calculations and preparation of annual tax disclosures
• Assist with the development, implementation, and documentation of new products and completion of new product strategies. Perform or assist in technical research and analysis related to domestic and foreign tax issues affecting various product and investment types, fund qualification and compliance matters as well as develop practical solutions
• Be a leader in the development and implementation of tax accounting and reporting policies and continually improving procedures to facilitate pro-active identification, management, and resolution of tax issues
• Be a leader in year-end excise tax distributions process
• Be a leader in the shareholder tax reporting process
• Review various tax filings (e.g. Federal, state, foreign, partner) and ensure timely and accurate filing
• Work closely with other departments within Schwab and outside service providers; i.e., fund accounting, portfolio management, marketing, transfer agency, financial reporting, product teams, sales strategy, inside counsel, independent auditors, and external tax authorities

What you have

Required Qualifications 

• Bachelor’s degree required
• A minimum of 10 years of experience in taxation of partnerships and regulated investment companies (RICs) at a major accounting firm or in the asset management industry
• Proficient knowledge of partnerships, RICs, financial instruments, and strategies
• Strong project management, vendor management and research skills

Preferred Qualifications

• CPA or Masters in Tax preferred
• Proven verbal and written communication skills and ability to interact within all levels of SAM and with other external/internal partners
• Proven organizational skills, attention to detail, and the ability to meet tight deadlines
• Drive and skillset to identify areas of opportunity and implement effective change and automation
• Proactively support business partners and overall company goals through collaboration and effective networking
• Strong analytical and problem-solving skills, including ability to deliver clear and concise analysis

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