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.
What you are good at
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
You demonstrate these behaviors:
Initiative – Identifies what needs to be done and takes action before being asked or required to, does more than what is normally required in a situation
Results Oriented – Has a strong sense of urgency about solving problems and getting work done
Customer Oriented – Demonstrated concern for satisfying one’s external and/or internal customers
Adaptability – The ability to keep functioning effectively when under pressure and effectively handle several problems or tasks at once
What you’ll get:
Comprehensive Compensation and Benefits package.
Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts.
Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program.
Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions.
Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships.
Not just a job, but a career, with an opportunity to do the best work of your life.
Learn more about [email protected]
Charles Schwab & Co., Inc. is an equal opportunity/affirmative action employer committed to diversifying its workforce. All applications are considered without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status (disabled veterans, recently separated veterans, active duty wartime or campaign badge veterans, Armed Forces service medal veterans), or based on any individual’s status in any group or class protected by applicable federal, state or local law.
Why work for us?
Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Explore further.
Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. Please click here to see the policy.
Schwab is an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.
TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.