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Posted on
Sep 5, 2024
Stock Administrator
Roseland
Mid-Senior ICs
Administration, Finance
CoreWeave
CoreWeave is a specialized cloud provider focused on GPU accelerated use cases including VFX, AI/ML, Batch Processing and Real Time Experiences. We support countless AI/ML services in the text to image, NLP and broader AI/ML space, reducing client’s infrastructure management requirements with our Kubernetes based serverless GPU cloud offerings.
Job Description
About the Role:
The Stock Administrator will manage and administer our company's equity programs. This role requires high accuracy, confidentiality, and a thorough understanding of equity compensation plans, compliance, and reporting requirements.
Equity Plan Administration
- Manage the day-to-day administration of the company’s equity plans, including incentive stock options (ISO’s), restricted stock units (RSUs), performance grants, and employee stock purchase plans (ESPP).
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
General Equity Management
- Maintain accurate records of equity transactions, including equity fundraising, grants, exercises, and cancellations, and ensure the accuracy of Cap Tables.
- Serve as the primary point of contact for the company’s shareholder agreements relating to the transfer of equity.
- Manage the recordation of equity transfers on the company’s equity management platform and work closely with Legal to ensure compliance with relevant shareholder agreements.
Compliance and Reporting
- Prepare and file required documentation with regulatory bodies, ensuring all filings are accurate and timely.
- Serve as a subject matter expert of ASC718 and coordinate with internal and external auditors to provide necessary documentation and support during audits.
- Generate reports and analyses on equity compensation, including dilution, expense forecasting, and financial statement disclosures.
- Calculate quarterly and annual weighted average basic and diluted shares for EPS.
Employee Support
- Serve as the primary point of contact for employee inquiries related to equity compensation.
- Provide clear and accurate information to employees about their equity awards, including vesting schedules, tax implications, and transaction processes.
- Conduct training sessions and create educational materials to help employees understand their equity compensation.
System Implementation and Maintenance
- Led cross-functional teams to research the next stock administration system, managing the implementation and transition process.
- Maintain and update the equity administration system to ensure data integrity and accuracy.
Cross-Functional Collaboration
- Work closely with HR, Legal, Finance, Tax, and Payroll teams to ensure the seamless integration of equity administration with other business processes.
- Participate in the design and implementation of new equity programs and initiatives.
Qualifications:
- Bachelor’s degree in finance, Accounting, or a related field.
- Eight plus years of experience in stock administration, equity compensation, or a related role.
- Strong understanding of equity compensation plans, including stock options, RSUs, and ESPP, performance grants
- Proficiency in equity administration software, such as E*TRADE, Fidelity, Shareworks, and other similar platforms, as well as Microsoft Office Suite, particularly Excel.
- Excellent organizational skills and attention to detail.
- Strong analytical and problem-solving abilities.
- Ability to handle confidential information with discretion.
- Excellent communication skills, both written and verbal.
- CEP (Certified Equity Professional) designation is a plus.
Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $125,000 to $150,000. Pay is based on several factors, including market location, and may vary depending on job-related knowledge, skills, and experience.
About the Role:
The Stock Administrator will manage and administer our company's equity programs. This role requires high accuracy, confidentiality, and a thorough understanding of equity compensation plans, compliance, and reporting requirements.
Equity Plan Administration
- Manage the day-to-day administration of the company’s equity plans, including incentive stock options (ISO’s), restricted stock units (RSUs), performance grants, and employee stock purchase plans (ESPP).
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
General Equity Management
- Maintain accurate records of equity transactions, including equity fundraising, grants, exercises, and cancellations, and ensure the accuracy of Cap Tables.
- Serve as the primary point of contact for the company’s shareholder agreements relating to the transfer of equity.
- Manage the recordation of equity transfers on the company’s equity management platform and work closely with Legal to ensure compliance with relevant shareholder agreements.
Compliance and Reporting
- Prepare and file required documentation with regulatory bodies, ensuring all filings are accurate and timely.
- Serve as a subject matter expert of ASC718 and coordinate with internal and external auditors to provide necessary documentation and support during audits.
- Generate reports and analyses on equity compensation, including dilution, expense forecasting, and financial statement disclosures.
- Calculate quarterly and annual weighted average basic and diluted shares for EPS.
Employee Support
- Serve as the primary point of contact for employee inquiries related to equity compensation.
- Provide clear and accurate information to employees about their equity awards, including vesting schedules, tax implications, and transaction processes.
- Conduct training sessions and create educational materials to help employees understand their equity compensation.
System Implementation and Maintenance
- Led cross-functional teams to research the next stock administration system, managing the implementation and transition process.
- Maintain and update the equity administration system to ensure data integrity and accuracy.
Cross-Functional Collaboration
- Work closely with HR, Legal, Finance, Tax, and Payroll teams to ensure the seamless integration of equity administration with other business processes.
- Participate in the design and implementation of new equity programs and initiatives.
Qualifications:
- Bachelor’s degree in finance, Accounting, or a related field.
- Eight plus years of experience in stock administration, equity compensation, or a related role.
- Strong understanding of equity compensation plans, including stock options, RSUs, and ESPP, performance grants
- Proficiency in equity administration software, such as E*TRADE, Fidelity, Shareworks, and other similar platforms, as well as Microsoft Office Suite, particularly Excel.
- Excellent organizational skills and attention to detail.
- Strong analytical and problem-solving abilities.
- Ability to handle confidential information with discretion.
- Excellent communication skills, both written and verbal.
- CEP (Certified Equity Professional) designation is a plus.
Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $125,000 to $150,000. Pay is based on several factors, including market location, and may vary depending on job-related knowledge, skills, and experience.
