Senior Compensation Specialist

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 Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.

JOB SUMMARY: The Senior Compensation Specialist is responsible for managing Forbright Bank’s employee compensation program. This position is responsible for the day-to-day administration of our pay plans, including ensuring accuracy, compliance, and excellent employee experience. This role partners closely with other teams at the Bank to manage all aspects of operations and support a fast-paced, growing organization.

DUTIES AND RESPONSIBILITIES::
• Equity Administration
• Partner with vendor to manage the full lifecycle of equity compensation plans, including the preparation, review, and execution of grant agreements, exercise documents, and award modifications
• Oversee and ensure accurate and timely data entry and track vesting milestones, grant approvals, and reporting deadlines related to equity awards within our equity management platform
• Oversee the preparation and reconciliation of monthly and quarterly equity reports, including share activity, expense accruals, and outstanding balances
• Generate regular reports on stock plan activity, grants, exercises, vesting, and forfeitures for finance and legal teams
• Work closely with finance, legal, tax, and payroll to ensure timely and compliant processing of equity transactions, including tax withholding and reporting
• 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
• Contribute to the design and delivery of employee equity education programs and communication materials
• Monitor industry trends and recommend improvements to the company’s stock plan offerings
• Partner closely with Accounting to assist with tasks/projects
• Compensation Administration
• Manage the company’s base pay structures and variable pay programs in accordance with the plans, and ensure governance
• Conduct market compensation and benefits benchmarking, including participating in company market data surveys and analyzing external data, to ensure competitiveness
• Generate reports and analyze surveys and data to ensure internal pay equity
• Provide guidance with the different state laws as it pertains to wage notices and payout, notice of hires, PTO pay out, required sick leave, etc.
• Participate in administration of the year-end compensation cycle and off cycle changes
• Partner with FP&A to determine budget pools, accruals, and fully loaded employee and department costs
• Assist with new job requests, promotions, and transfers to compare and analyze the job to determine the correct job grade, salary range, and FLSA classification
• Provide back-up support in administering the Company’s benefit programs, including but not limited to enrolling new hires with benefits, employee inquiries and elections, invoice reconciliation, leave of absence requests and schedules, and retirement benefits while partnering closely with the Payroll and Benefits team
• Proactively anticipate and stay informed of information related to impacts on regulations, market practices, trends, economic factors, and risk
• Support due diligence efforts and provide documentation for Board meetings and internal audits
• Serve as the primary point of contact for employees regarding all compensation plans by providing timely, high-quality customer service and education
• Improve processes through automation, data integrity, and system optimization on a continuous basis
• Partner closely with Accounting to assist with tasks/projects
• Perform other duties as assigned

QUALIFICATIONS: :
• Bachelor’s Degree required, preferably with a concentration in Business, Finance, Accounting or Human Resources
• Minimum of 5 years of experience in stock plan administration or equity compensation required
• Minimum of 3 years’ experience administering compensation required
• Minimum of 3 years’ experience administering benefits preferred
• 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
• Demonstrated experience and success with advanced Excel skills and project management
• Advanced analytical and reconciliation skills and experience with data visualization tools (e.g. Power BI, etc.)
• Knowledge of federal and state laws and regulations related to wage and hour
• Knowledge of using salary surveys, job grades, and pay levels related to compensation
• 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 candidate’s qualifications and prior experience $115,000 (entry level qualifications) to $150,000 (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

CORE PRINCIPLES:
• Excellence: Excellence is not a goal, but a standard, reflected in the precision of our work and the quality of our decisions. Excellence is a discipline that compounds over time and creates lasting value; it must be measured and managed.
• People: Our people are our greatest strength. We foster a culture of respect, inclusion, and ambition - where everyone matters. We celebrate collaboration and teamwork and prize loyalty - to one another, the company, our mission, and values.
• Innovation: We invest boldly in technology, harnessing innovation not for its own sake but to make banking and lending better, faster, and smarter for our clients, more efficient for our team, and more profitable for our shareholders. By combining human insight with technological excellence, we strengthen our ability to serve, to adapt, and to succeed in a changing world. Innovation is a continuous investment in new ideas.
• Sound Practices: Our foundation rests on prudence, care, integrity, and discipline. We manage credit and business risk with rigor and fundamentals-based judgment, act with transparency, and uphold the highest standards of corporate governance and regulatory compliance to ensure sustainable growth and enduring financial strength.
• Distinct Value: We focus our energy where we add value. We avoid the commoditized and the ordinary, choosing to compete through insight, specialization, technology and service. By concentrating on areas where expertise matters and relationships endure, we create differentiation that is defensible and lasting.
• Clients: We exist to advance our clients’ success and to help them grow. We listen deeply, think creatively, and deliver solutions that solve problems, drive impact and add value. Every client relationship is built on partnership, performance, and purpose.
• Shareholders: We are committed to creating exceptional value for our shareholders. We invest for the long term and view our shareholders as partners – not observers - in value creation. We allocate capital wisely, execute with precision, and continuously adapt our business model to pursue the most attractive, risk-adjusted returns. We work to make rational decisions, avoid unnecessary complexity, maintain strong liquidity and capital, and communicate with clarity and honesty. We measure success both by current performance and by the durability and quality of the long-term value we build.
• Communities and the Environment: We believe prosperity and responsibility go hand in hand. We invest in inclusive opportunity and environmental stewardship. Our goal is simple - to do our part build a brighter, more sustainable future for the communities we serve and the world we share.

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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