Senior Compensation Specialist

Forbright Bank•Chevy Chase, MD

4h•$115,000 - $150,000•Hybrid

About The Position

The Senior Compensation Specialist is responsible for managing Forbright Bankâs employee compensation program. This position is responsible for the day-to-day administration of our pay plans, including ensuring accuracy, compliance, and excellent employee experience. This role partners closely with other teams at the Bank to manage all aspects of operations and support a fast-paced, growing organization.

Requirements

Bachelorâs Degree required, preferably with a concentration in Business, Finance, Accounting or Human Resources
Minimum of 5 years of experience in stock plan administration or equity compensation required
Minimum of 3 yearsâ experience administering compensation required
Minimum of 3 yearsâ experience administering benefits preferred
Strong understanding of stock-based compensation accounting concepts and U.S. GAAP (ASC 718)
Hands-on experience with equity management platforms required
Demonstrated experience and success with advanced Excel skills and project management
Advanced analytical and reconciliation skills and experience with data visualization tools (e.g. Power BI, etc.)
Knowledge of federal and state laws and regulations related to wage and hour
Knowledge of using salary surveys, job grades, and pay levels related to compensation
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 â Level I or higher preferred

Responsibilities

Equity Administration
Partner with vendor to manage the full lifecycle of equity compensation plans, including the preparation, review, and execution of grant agreements, exercise documents, and award modifications
Oversee and ensure accurate and timely data entry and track vesting milestones, grant approvals, and reporting deadlines related to equity awards within our equity management platform
Oversee the preparation and reconciliation of monthly and quarterly equity reports, including share activity, expense accruals, and outstanding balances
Generate regular reports on stock plan activity, grants, exercises, vesting, and forfeitures for finance and legal teams
Work closely with finance, legal, tax, and payroll to ensure timely and compliant processing of equity transactions, including tax withholding and reporting
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
Contribute to the design and delivery of employee equity education programs and communication materials
Monitor industry trends and recommend improvements to the companyâs stock plan offerings
Partner closely with Accounting to assist with tasks/projects
Compensation Administration
Manage the companyâs base pay structures and variable pay programs in accordance with the plans, and ensure governance
Conduct market compensation and benefits benchmarking, including participating in company market data surveys and analyzing external data, to ensure competitiveness
Generate reports and analyze surveys and data to ensure internal pay equity
Provide guidance with the different state laws as it pertains to wage notices and payout, notice of hires, PTO pay out, required sick leave, etc.
Participate in administration of the year-end compensation cycle and off cycle changes
Partner with FP&A to determine budget pools, accruals, and fully loaded employee and department costs
Assist with new job requests, promotions, and transfers to compare and analyze the job to determine the correct job grade, salary range, and FLSA classification
Provide back-up support in administering the Companyâs benefit programs, including but not limited to enrolling new hires with benefits, employee inquiries and elections, invoice reconciliation, leave of absence requests and schedules, and retirement benefits while partnering closely with the Payroll and Benefits team
Proactively anticipate and stay informed of information related to impacts on regulations, market practices, trends, economic factors, and risk
Support due diligence efforts and provide documentation for Board meetings and internal audits
Serve as the primary point of contact for employees regarding all compensation plans by providing timely, high-quality customer service and education
Improve processes through automation, data integrity, and system optimization on a continuous basis
Partner closely with Accounting to assist with tasks/projects
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