Accounting Intern

Job Description

2027 Accounting Intern | Charles Schwab

The Tone:
This is an internship at Charles Schwab, located on-site in the specified location(s). At Schwab, the organization fosters innovative thought and creative problem-solving, challenging the status quo to transform the finance industry. This role empowers students to make an impact on their careers by developing foundational experience within Schwab’s Finance organization. The company believes in the importance of in-office collaboration for this role.

The TL;DR
• Role: Internship
• Location: In-person on-site
• Team: Finance Organization, supporting one of two tracks: Controllers, Bank Regulatory Reporting, SEC Reporting & Accounting Policy or SOX Cash Accounting.
• Mission: To develop foundational experience in finance and support accurate financial reporting and regulatory compliance within a large financial services organization.
• Tech Stack: Microsoft Office tools, Excel, PowerPoint

What You’ll Actually Do
• Support Financial Reporting & Regulatory Compliance: Gain exposure to and contribute to the reporting, governance, and accounting policy activities that ensure accurate external disclosures, regulatory filings, and financial reporting within a complex financial services environment.
• Perform Core Accounting Activities: Contribute to daily, monthly, and quarterly accounting tasks, which include supporting journal entries related to corporate cash transactions and assisting with reconciliations between general ledger and bank account balances.
• Interpret and Research Guidance: Build practical experience interpreting accounting and regulatory guidance, researching relevant information, and summarizing findings to inform financial reporting and policy decisions.
• Collaborate for Data Integrity: Work closely with professionals and business partners, collaborating on the preparation and review of audited financial statements, SEC filings, and bank regulatory reports, while developing an understanding of internal controls and complex financial data flows.
• Enhance Processes and Efficiency: Participate in initiatives aimed at improving reporting processes and operational efficiency, and support the development of executive-ready materials in a highly regulated financial setting.

The Must-Haves
• Background: Current student pursuing a bachelor’s or master’s degree in Accounting, Finance, or a related field, qualifying this as an Entry-Level role.
• Experience: Demonstrated interest in accounting, accounting policy, financial reporting, regulatory reporting, or corporate finance; Proficiency with Microsoft Office tools, specifically Excel and PowerPoint.
• Skills: Strong analytical and problem-solving skills with the ability to evaluate financial information and draw logical conclusions; Keen attention to detail and commitment to producing accurate, well-documented work; Ability to manage multiple assignments effectively, meet deadlines, and incorporate feedback.
• Bonus: Relevant coursework or project experience related to financial accounting, reporting, auditing, accounting research, regulatory reporting, reconciliations, financial analysis, or data validation; Prior experience interpreting accounting concepts, researching guidance, or developing written analyses and presentations; A solid understanding of accounting principles, journal entries, and general ledger processes; Interest in learning how public company reporting, regulatory filing processes, internal controls, and SOX compliance operate within a large financial services organization; Proven ability to work collaboratively in a team-oriented environment while taking ownership of assigned responsibilities and deliverables.