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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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified locations.

Charles Schwab Trust Bank (CSTB) provides trust, custody, trading, and technical services to retirement plan sponsors, advisors, and their agents. Cash Operation’s goal is to meet the needs of CSTB by providing superior client service as it relates to the processing of incoming and outgoing cash activity and all associated regulatory reporting. The Cash Management Team is responsible for processing contributions, sending wires, reviewing ACHs, and daily communication with various departments. Additionally, a major objective is to process significant cash activity for CSTB while maintaining proper controls to mitigate risk to the firm.

The Associate position will be responsible for processing contributions into clients’ accounts, responding to various departments inquires or requests on transactions processed by the team, and the daily maintenance of clients’ accounts. Extreme attention to detail and the ability to multi-task are vital to be successful in this position. You must be able to meet individual deadlines, but also work as a team and communicate effectively with various departments. This position also requires a strong knowledge of Excel and analytical skills. You will also be responsible for supporting various administrative and clerical tasks in support of the team’s deliverables. Following procedures is a must to successfully comply with the departmental controls surrounding the job functions. Retirement industry and accounting experience are a plus, although not required.

Duties include but are not limited to:

+ Opening daily mail and other clerical duties in office

+ Processing checks received daily

+ Quality control of operational transactions

+ Initiating and releasing wires

+ Researching incoming electronic deposits

+ Correspond with Client Service partners to verify transactions

+ Handling cash transfers, loan pool adjustments, etc.

What you have

The following attributes are key to success in this role:

+ Elevated level of attention to detail and ability to work under pressure are required as errors and omissions can have significant financial risks.

+ Monitoring assigned tasks from within a functional inbox in a manner that meets or exceeds service level agreements.

+ Ability to comply with department deadlines.

+ Strong organizational skills and ability to prioritize and coordinate multiple processes.

+ Ability to communicate professionally and clearly.

+ Ability to work and learn in a high volume, fast paced, collaborative environment.

+ Advanced knowledge of Microsoft applications including but not limited to Excel, Outlook, and Word.

+ Thirst for growth and continual learning and development opportunities.

+ Ability to multitask while maintaining flexibility to meet operational need.

+ Participate in a fostering positive and cohesive work environment that promotes employee engagement

Work is primarily sedentary in nature; no special demands are required. This job does require in office activity daily which includes opening mail and handling/sorting physical checks.

This position _may_ require overtime during critical production periods.

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What’s in it for you

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

+ 401(k) with company match and Employee stock purchase plan

+ Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

+ Paid parental leave and family building benefits

+ Tuition reimbursement

+ Health, dental, and vision insurance

What’s in it for you:

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

401(k) with company match and Employee stock purchase plan

Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

Paid parental leave and family building benefits

Tuition reimbursement

Health, dental, and vision insurance

Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected 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.