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Sr. Manager, Equity Administration

Chime

Chime

San Francisco, CA, USA
Posted on Tuesday, May 21, 2024

About the role

Chime is seeking a talented and eager Sr. Manager, Equity Administration to join its growing Finance team. This role will report to the Director of Equity Administration and will be integral in facilitating the day-to-day activities of Chime’s equity incentive programs. Chime uses Morgan Stanley Shareworks for equity plan administration, financial reporting, and capitalization table management. Much of this role will be focused on assisting with the daily administration, data reconciliation from Shareworks, and subsequently reporting this information as needed internally to Payroll, Tax, Accounting, Audit, People, Legal, etc. Chime uses Workday as our HRIS and payroll system. We offer eligible employees Restricted Stock Units (RSU) and have outstanding Incentive Stock Options (ISO) and Non-qualified Stock Options (NQSO). Although we don’t currently offer an Employee Stock Purchase Plan (ESPP), we may consider doing so in the future.

The base salary offered for this role and level of experience will begin at $130,050 and up to $180,600. Full-time employees are also eligible for a bonus, competitive equity package, and benefits. The actual base salary offered may be higher, depending on your location, skills, qualifications, and experience.

In this role, you can expect to

  • Update and maintain our equity administration platform, Morgan Stanley Shareworks, to ensure the accuracy and integrity of Chime’s equity data including eligibility, approvals, processing stock option and restricted stock unit awards, exercises and settlements, tax withholdings, expirations, cancellations, repurchases, terminations and other plan-related actions
  • Prepare grant agreements and load new grant data to the Shareworks monthly; reconcile and document grant data for Audit team and coordinate with People team for Workday updates
  • Maintain company’s equity cap table, liaison with external shareholders and investors as needed
  • Partner with our external record-keeper, Morgan Stanley, to execute employee equity transactions, ensuring accurate and timely tax withholding and reporting to Payroll and Tax teams when applicable
  • Assist Legal and People teams by sharing executive grant & transactional data for officers, census reporting, and applicable disclosures
  • Perform frequent reconciliation of records between HR, Payroll, Finance, Legal, etc.
  • Work with internal and external auditors as well as Accounting team for monthly, quarterly, and annual reviews; ensure that tight internal controls are in place and procedures are followed to satisfy periodic review of compliance with Sarbanes-Oxley
  • Create and generate recurring reports for multiple internal and external corporate partners (e.g., People, Payroll, Tax, Finance, Accounting, etc.), and respond timely to ad hoc data requests from various business partners
  • Collaborate with People team to ensure the integrity of employee data within the HRIS
  • Conducting various equity analysis, modeling and testing
  • Assist in the creation of communication materials and presentations to support analysis, and implementation of programs
  • Educate employees on the foundational structure and value of their equity compensation

To thrive in this role, you have

  • 8-12 years’ experience administering equity in both the private and public space
  • Certified Equity Professional (CEP) designation preferred; familiarity with Morgan Stanley Shareworks and Workday a plus
  • Knowledge of tax regulations related to equity compensation plans
  • Flexibility and eagerness to work hard in a fast-paced environment and meet tight deadlines
  • Highly organized, process-driven, independent, self-motivated
  • Strong attention to detail and ability to perform self-audit to ensure data integrity and accuracy
  • Advanced Excel, G-Suite, and reconciliation skills a plus
  • Ability to manage up and work with multiple stakeholders across the company

A little about us

At Chime, we believe that everyone can achieve financial progress. We’re passionate about developing solutions and services to empower people to succeed. Every day, we start with empathy for our members and stay motivated by our desire to support them in ways that make a meaningful difference.

We created Chime—a financial technology company, not a bank*-- founded on the premise that basic banking services should be helpful, transparent, and fair. Chime helps unlock the access and ability our members need to overcome the systemic barriers that block them from moving forward. By providing members with access to liquidity, rewards, and credit building, our easy-to-use tools and intuitive platforms give members the ability to have more control over their money and to take action toward achieving their financial ambitions.

So far, we’re well-loved by our members and proud to have helped millions of people unlock financial progress, whether they started a savings account, bought their first car or home, opened a business, or went to college. Every day, we’re inspired by our members’ dreams and successes, big and small.

We’re uniting everyday people to unlock their financial progress—will you join us?

*Chime partners with The Bancorp Bank and Stride Bank, N.A., Members FDIC, that power the bank accounts used by Chime Members.

What we offer

  • 🏢 A thoughtful hybrid work policy that combines in-office days and trips to team and company-wide events depending on location to ensure you stay connected to your work and teammates, whether you’re local to one of our offices or remote
  • 💻 Hybrid work perks, like UrbanSitter and Kinside for backup child, elder and/or pet care, as well as a subsidized commuter benefit
  • 💰 Competitive salary based on experience
  • ✨ 401k match plus great medical, dental, vision, life, and disability benefits
  • 🏝 Generous vacation policy and company-wide Take Care of Yourself Days
  • 🫂 1% of your time off to support local community organizations of your choice
  • 🧠 Mental health support with therapy and coaching through Modern Health
  • 👶 16 weeks of paid parental leave for all parents and an additional 6-8 weeks for birthing parents
  • 👪 Access to Maven, a family planning tool, with up to $10k in reimbursement for egg freezing, fertility treatments, adoption, and more.
  • 🎉 In-person and virtual events to connect with your fellow Chimers—think cooking classes, guided meditations, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!
  • 💚 A challenging and fulfilling opportunity to join one of the most experienced teams in FinTech and help millions unlock financial progress

We know that great work can’t be done without a diverse team and inclusive environment. That’s why we specifically look for individuals of varying strengths, skills, backgrounds, and ideas to join our team. We believe this gives us a competitive advantage to better serve our members and helps us all grow as Chimers and individuals.

We hire candidates of any race, color, ancestry, religion, sex, national origin, sexual orientation, gender identity, age, marital or family status, disability, Veteran status, and any other status. Chime is proud to be an Equal Opportunity Employer and will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance, Cook County Ordinance, and consistent with Canadian provincial and federal laws. If you have a disability or special need that requires accommodation, please let us know.

To learn more about how Chime collects and uses your personal information during the application process, please see the Chime Applicant Privacy Notice.

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