JOB BOARD: HS Equity Compensation Manager, BB&T, Winston NC
Job Title: HS Equity Compensation Manager
Reports To: Executive Programs Manager
Line of Business: Human Systems
Effective Date: 12/2011
Primary Purpose:
Responsible for the management, administration and compliance of the Corporation's incentive stock plans and programs; manage the deferred compensation plans for nonemployee directors.
Essential Duties and Responsibilities:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Manage all facets of the Corporation's employee stock plans to include granting, exercise, release and termination of all equity awards for executives, employees and non-employees.
2. Manage all equity-related communications to include development and distribution of all equity-related materials and correspondence; this includes the drafting of grant agreements and coordination with legal counsel as necessary.
3. Establish and implement new equity plans and programs; this includes performing analysis related to current plans and programs as well as formulating design recommendations for new plans and programs
4. Manage the vendor relationship with the equity administration system provider.
5. Serve as the primary liaison between equity recipients and the outsource provider.
6. Provide equity-related data for all required SEC filings.
7. Maintain the data integrity of the stock administration system and periodically validate the accuracy of database information, including all insider data, employee data, tax withholding rates, award information, etc.
8. Work closely with BB&T and affiliate payroll teams to ensure current and accurate income tax reporting. Serve as primary contact related to equity administration between Executive Programs and all internal and external sources who interface with equity administration (i.e., Shareholder Services, Accounting, Payroll, Legal, Audit, Transfer Agent, etc.)
9. Ensure equity programs and awards are in compliance with formal equity plans.
10. Ensure equity transactions are in compliance with state, federal and securities laws.
11. Primary contact for Section 16 executives and directors who have outstanding equity awards.
12. Consult with and counsel line of business managers regarding equity compensation matters.
13. Work with internal resources to develop and maintain listing of Insiders (Section and Non-Section 16); ensure Executive Programs' compliance with BB&T's Insider Trading policy.
14. Manage the deferred compensation plans for non-employee directors.
15. Prepare reports for management and the Compensation Committee of the Corporate Board of Directors.
16. Work closely with the Executive Programs Manager; assist with the management of executive compensation tasks and projects.
Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in a business-related field or equivalent education and related training
2. Five years of work experience in compensation and benefits or a related area, to include experience in equity plan administration
3. Thorough knowledge and understanding of accounting and financial concepts especially as they relate to compensation and benefits including tax and accounting treatment, SEC regulations and filings, proxy disclosures, FASB, Internal Revenue Code Section 409A
4. Excellent organizational, interpersonal and communication skills
5. Strong attention to detail and sound judgment
6. Strong analytical and reasoning abilities
7. Ability to work with executives in a positive and professional manner
8. Demonstrated proficiency in various computer applications
9. Ability to travel, occasionally overnight
Desired Skills:
1. PHR/SPHR and/or CEP certification
2. Post-graduate work or degree
For more information contact: Chris Kuhn, ckuhn@bbandt.com, 336-734-0095
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