Equity Plan Administrator at Forbright Bank – Chevy Chase, Maryland

Equity Plan Administrator

COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries. COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful. COMPANY MISSION: We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbrights capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.
JOB SUMMARY: The Equity Plan Administrator is responsible for building and managing the administration, auditing, and lifecycle tracking of Forbright Banks 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.DUTIES AND 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

QUALIFICATIONS:

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

The pay range for this position is below. The specific rate will depend on the successful candidates qualifications and prior experience. $114,353 (entry level qualifications) to $118,200 (highly experienced).

POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to: Remain in a stationary position Use hands and fingers Utilize a computer monitor with visual acuity Operate technology or other office machinery such as printers, scanners, etc. Communicate clearly verbally and/or in writing with others
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/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
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.
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