Oportun. Inc

Sr. Manager, Stock Plan Administration

Req No.
2020-9250
Department
Legal
Type
Regular Full-Time
Job Locations
US-CA-San Carlos

Overview

ABOUT OPORTUN

 

Oportun is a mission-driven, technology-powered provider of inclusive, affordable financial services and a certified Community Development Financial Institution (CDFI).

 

We seek to serve the 100 million people in the US who are shut out of the financial mainstream because they are credit invisible or are mis-scored because they have limited credit history. By lending money to hardworking, low-to-moderate income individuals, we help them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities.

 

Since 2006, we have lent over $6.8 billion through over 3.1 million affordable small dollar loans and have helped over 730,000 people start establishing credit. In recognition of inventive approach, we were recognized by Time Magazine as one of 50 Genius Companies inventing the future.

 

The Bay Area News Group recognized Oportun as a Top Workplace in 2019. Come and be a part of our community of employees, partners, and customers who are devoted to expanding financial opportunity for millions. When we work together, we can make life better.

 

SUMMARY

 

The Senior Manager, Stock Plan Administration role will be one that requires a highly energetic, self-motivated and ambitious individual who has demonstrated the ability to deliver results in a high growth and dynamic environment. Responsible for maintaining equity plan records, including new grants, equity transactions, grant cancellations/expirations, and our future ESPP. Processing equity transactions and communicating transaction details to US and International payroll teams are a key part of the role.

 

Oportun is looking for an experienced, driven, and talented Sr. Manager, Equity Plan Administration to lead our equity administration team.  This role will be responsible for the day-to-day administration of our employee equity programs and will assist in scaling Oportun's stock administration function as the Company grows globally. You will serve as the functional expert for internal stakeholders on equity-related issues and partner cross-functionally with key stakeholders in our Finance, Accounting, Legal and HR teams to identify, analyze and implement solutions in support of the company's equity compensation goals. This is a highly visible position and requires a focus on customer service and ability to effectively interact, communicate and present ideas and concepts clearly with multiple departments and to at all levels within the organization - employees up to Executive Officers and the Board of Directors. Additionally, due to the need for high accuracy and compliance with reporting and regulatory agencies, a professional with a high degree of process focus, financial and accounting acumen is required. Finally, the job requires a focus on innovation, scalability, transformation, and continuous process improvement. It's essential that the candidate possesses excellent communication and collaborations skills.

 

Responsibilities

  • Responsible for leading the stock administration function and managing all aspects of Oportun’s global equity plans
  • Maintain equity data in our system of record and ensure that transactions are correctly processed in a timely manner. Prepare and process stock options and restricted stock unit grants, exercises, terminations and releases on a timely basis for all employees and other equity holders.
  • Coordinate with payroll to ensure accurate and timely tax withholding and reporting
  • Reconcile equity award activity with the company, broker and transfer agent records on an ongoing basis
  • Collaborate and partner with internal teams including HR, Accounting, Payroll, FP&A, Tax, and Legal on all equity-related matters to ensure accurate dataflow, provide support for reporting needs and respond to ad hoc requests
  • Work with internal and external auditors and Finance team for quarterly reviews and year-end audits, as well as ensure that appropriate internal controls are in place and procedures are followed to satisfy periodic review of compliance with SOX
  • Maintain compliance with terms and conditions of global equity plans and internal processes and procedures related to equity administration
  • Maintain trading blackout periods, pre-clearance and enforcement of insider trading policy restrictions
  • Responsible for annual reporting forms required by tax authorities and year-end tax statements
  • Assist Legal team in review and management of 10b5-1 plans
  • Ensure ongoing compliance of the equity compensation program by monitoring applicable laws and accounting requirements and maintain sound internal controls
  • Develop stock administration function, including improvements in processes, implementing automated solutions and evaluating service providers.
  • Work across the organization to standardize and optimize processes and support data connections between the network of systems
  • Manage implementation and administration of a global Employee Stock Purchase Plan
  • Assist with the preparation of equity-related exhibits for the Board and Compensation Committee
  • Support employee understanding of equity awards programs and policies through preparation of training materials, employee communications and providing training to employees
  • Act as the primary point of contact for employees regarding equity-related inquiries
  • Provide support for other ad hoc analyses and projects on a timely basis

 

Qualifications

  • Bachelor's Degree in a related field
  • Certifications: Certified Equity Professional (CEP) designation desirable.
  • 8+ years of experience in Stock Administration, with experience at a public company
  • Experience using stock compensation systems, prior experience with Schwab equity administration platform is desirable
  • Ability to manage processes and systems to maximize effectiveness in a SOX compliant environment
  • Advanced analytical ability and ability to identify issues and provide solutions
  • Ability to effectively deal with high-volume, multiple assignments, concurrent deadlines, and changing priorities
  • Ability to maintain the integrity of highly confidential information
  • Strong verbal, written and interpersonal communication skills with an ability to communicate effectively with all levels of employees and internal/external partners
  • Strong organization skills, attention to detail, good work ethic and self-starter comfortable taking initiative for continual process improvements
  • Ability to build strong relationships cross-functionally

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