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Forbright Bank · 3 days ago

Equity Plan Administrator

Chevy Chase, MD

Full-time

Hybrid

Mid, Senior Level

$114K/yr - $118K/yr

5+ years exp

Forbright Bank is a nationwide full-service bank and commercial lender focused on building a brighter future for clients and communities. The Equity Plan Administrator is responsible for managing the administration and lifecycle tracking of the bank's employee equity program, ensuring compliance, accuracy, and a positive employee experience.

BankingCommunitiesFinanceFinancial ServicesLending

Responsibilities

Administer and manage the full lifecycle of equity compensation plans, including the preparation, review, and execution of grant agreements, exercise documents, and award modifications

Manage and maintain accurate and timely equity data within our equity management platform

Track vesting milestones, grant approvals, and reporting deadlines related to equity awards

Partner with finance, legal, tax, payroll, and human resources to ensure timely and compliant processing of equity transactions, including tax withholding and reporting

Serve as the primary point of contact for employees regarding equity compensation plans by providing timely, high-quality customer service and education on equity-related matters

Generate regular reports on stock plan activity, grants, exercises, vesting, and forfeitures for finance and legal teams

Prepare and reconcile monthly and quarterly equity reports, including share activity, expense accruals, and outstanding balances

Assist in maintaining accurate records of equity authorizations, share pools, and plan usage for internal and board reporting

Assist with the valuation process for stock options

Ensure compliance with tax, legal, and securities regulations across all jurisdictions where equity is granted

Support process improvements, automation, and system enhancements to improve efficiency and accuracy of equity administration

Perform other duties as assigned

Qualification

Stock plan administrationEquity management platformsStock-based compensation accountingCertified Equity ProfessionalU.S. GAAP (ASC 718)Analytical skillsDiscretionMicrosoft Office proficiencyCollaboration skillsConfidentialityCommunication skillsOrganizational skillsProblem-solving skillsTime management skillsSelf-motivatedAdaptability

Required

Bachelor's Degree preferably with a concentration in Business, Finance, or Accounting required

Minimum of 5 years of experience in stock plan administration or equity compensation required

Strong understanding of stock-based compensation accounting concepts and U.S. GAAP (ASC 718)

Hands-on experience with equity management platforms required

Exceptional level of analytical and reconciliation skills

Proven ability to collaborate cross-functionally with finance, legal, tax, payroll, and human resources teams

Strong level of discretion and confidentiality

Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)

Excellent verbal, written, and interpersonal communication skills

Strong organizational skills and attention to detail

Outstanding problem-solving and time management skills

Self-motivated, self-directed, and results-oriented

Adaptable and able to multitask in a fast-paced environment

Can work independently and within a team; solution-oriented with a collaborative approach

Preferred

Experience working for a public company preferred

Certified Equity Professional (CEP) designation – Level I or higher preferred

Benefits

Comprehensive health, dental, and vision plans

4 weeks PTO

401k + company match

Metro SmartTrip benefits ($50/mo)

Remote or hybrid work schedules for most positions

Incentives for purchasing solar panels, electric vehicles, biking to work, etc

Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!

Best Workplaces for Commuters 2023 & 2024 winner

The Washington Post Top Workplaces 2023, 2024, and 2025 winner

American Banker Best Banks to Work For 2023 winner

Company

Forbright Bank

Forbright is a nationwide full-service bank and commercial lender focused on helping build a brighter future for our clients and the communities we serve.

Founded in 2003

Chevy Chase, Maryland, USA

501-1000 employees