Stock Plan Administration Manager Salary
The average salary for a Stock Plan Administration Manager is $106,180 per year. Experience has a moderate effect on income for this job. The skills that increase pay for this job the most are Stock Plan Administration and Securities and Exchange Commision (SEC) Experience.
Job Description for Stock Plan Administration Manager
Stock plan administration managers play a vital role in helping businesses provide compensation, bonuses, and incentives to encourage employees and create and maintain a motivational reward system based on the company's success. They also help make the company more appealing to ensure the financial success of both employers and employees.Read More...
Stock plan administration managers help companies determine how, and how much, to reward employees' longevity and performance by planning and overseeing the awarding of company stock to employees, as well as stock options redeemable at a later date. They often work to determine what will best lead to employee retention and make the company more appealing to prospective employees, and they also use past data for their company and others in their field to calculate what manner of reward will be most beneficial and make adjustments to employee stock plans as needed. They are also responsible for ensuring that whatever plan is chosen meets the legal requirements of the United States Security and Exchange Commission (SEC) regarding employee stock plans and options, and that records of plans and distributions are maintained.
These managers typically work indoors in an office during regular business hours, and many work their way up to the management position from lower levels of stock plan administration. Most have a minimum of a bachelor’s degree in finance, business administration, or a related field, and many have also earned a master's degree. They must also receive ongoing education in their field to remain informed of changes, especially changes in SEC requirements and expectations.
Stock Plan Administration Manager Tasks
- Manage the selection, training and development of staff.
- Coordinate and ensure accuracy in reports summarizing transactions and earnings for individual employee accounts.
- Correspond with employees, vendors and brokers to answer inquiries, discuss market fluctuations, and resolve account problems.
- Oversee new employee stock enrollment, terminations and changes of distributions.
- Plan and develop employee presentations regarding stock and investing education.
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