Equity Plan Administrator

Forbright Bank • Chevy Chase, MD

4d • $114,353 - $118,200 • Hybrid

About The Position

The Equity Plan Administrator is responsible for building and managing the administration, auditing, and lifecycle tracking of Forbright Bank’s employee equity program. This position is responsible for the day-to-day administration of our equity plans, including ensuring accuracy, compliance, and excellent employee experience. This role partners closely with other teams at the Bank to manage all aspects of equity operations and support a fast-paced, growing organization.

Requirements

• 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

Nice To Haves

• Experience working for a public company preferred
• Certified Equity Professional (CEP) designation – Level I or higher preferred

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

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees