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Compensation Specialist
1 week ago
Job Summary:
We are seeking a detail-oriented and highly organized Compensation Specialist to join our dynamic team. This position will manage the day-to-day compensation operations, ensuring timely and accurate compensation processing while also assisting in the administration of the company's equity compensation plans, and ensuring compliance with various regulatory agencies.
Responsibilities:
- Process semi-monthly compensation for all employees, ensuring accuracy in earnings, deductions, and benefits.
- Review and verify compensation data for discrepancies and resolve any issues promptly.
- Ensure stock option activities are processed and reported timely through compensation.
- Provide excellent customer service when responding to employee inquiries regarding compensation-related questions and discrepancies.
- Prepare compensation journal entries, accrual calculations, and account reconciliations related to compensation activity.
- Lead cross-functional projects to scale systems and processes and improve end-to-end compensation workflows.
- Partner with HR on benefits and leave administration and ensure accurate results.
- Coordinate with HR, benefits, and finance teams to ensure seamless integration of compensation with other company systems.
- Assist in the administration of employee equity compensation programs, including stock options, RSUs, ESPPs, and other related equity-based plans.
- Perform other accounting and finance duties as needed.
Compliance & Reporting:
- Ensure compliance of the compensation function with internal controls.
- Ensure all compensation and equity plan activities comply with relevant federal, state, and local regulations.
- Manage the preparation and distribution of employee tax-related documents for compensation and equity.
- Assist with audits and provide necessary documentation related to compensation, 401K, workers' compensation, and equity plans.
- Ensure proper tax registration in new and existing states.
- Review and audit quarterly and annual tax filings prepared by compensation service provider.
- Stay up-to-date with changes in compensation, tax, and equity compensation regulations to ensure compliance and best practices.