Associate - Tax and Cost Basis Operations

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.

Tax and Cost Basis Operations is a part of the Custody Asset Services organization within Schwab 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.

The W8 Team within Tax and Cost Basis Operations processes U.S. tax withholding certificates submitted by Schwab’s foreign clients to ensure appropriate tax withholding and reporting under U.S. tax laws and treaties.

As an Associate on the W8 Team in Tax and Cost Basis Operations you will be responsible for:

• Reviewing W-8BEN tax forms and associated documentary evidence for completeness and accuracy
• Updating internal systems to reflect W-8BEN validation results
• Determining and applying appropriate withholding rates to client accounts based on W-8BEN review
• Sending written communications to notify clients of an incomplete or rejected W-8BEN
• Processing and reviewing departmental control reports
• Assisting with ad hoc projects as needed

What you have

• Work experience in operations at a financial services firm
• Proficient computer skills including Microsoft Excel and Word
• Ability to understand and apply complex rule sets while strictly adhering to policies and procedures
• Ability to collect and input data quickly and accurately
• Outstanding time management, organization and attention to detail
• Strong verbal and written communication skills
• Collaborative, team-oriented approach
• Ability to work under pressure in a fast-paced environment while maintaining the highest level of positivity and professionalism
• Ability to identify and communicate issues effectively and timely to peers and management
• Initiative to perform day-to-day tasks with limited guidance or direct supervision

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