Financial Accountant

Summary

Join STR as a Stock Plan Administrator, managing the company's equity plans and performing monthly analysis and reconciliations. Reporting to the VP of Finance, you will ensure accurate records of equity transactions, process stock activities, and partner with internal and external teams. Responsibilities include managing the equity plan budget, staying current on regulations, and monitoring revenue recognition procedures. You will also assist in financial statement preparation and perform other accounting functions. This role requires strong analytical and communication skills, experience with stock administration, and proficiency in relevant software. The position offers the option of remote work (Massachusetts based preferred).

Requirements

• Minimum of 3-5 years of experience in stock administration, or a related field, including restricted stock units (RSUs), incentive stock options (ISOs), and non-qualified stock options (NQOs)
• Knowledge of equity award tax implications, and tax reporting requirements
• Financial accounting experience, including proper Revenue Recognition treatment under ASC-606
• Excellent communication skills and ability to work with various stakeholders, including employees, managers, and external vendors
• Ability to self-motivate and work effectively to manage multiple projects and within strict time constraints
• Strong analytical, decision-making, and organizational skills, high integrity, and detail oriented
• Ability to work independently with little supervision as well as collaboratively as a member of the accounting team
• Proficiency in Shareworks or other 3rd-party equity administration software, and Microsoft Excel
• This position requires the ability to obtain a security clearance, for which U.S. citizenship is needed by U.S. Government

Responsibilities

• Manage and administer the company's equity plans, including: Maintaining the equity database by keeping accurate records of all equity transactions associated with RSUs, ISOs, NQOs and internal share offerings
• Performing all day-to-day operations of stock activities, including processing stock issuances, vesting activities, company repurchases and employee purchases
• Partnering with the HR, Payroll, and external CPA and Legal teams on all matters involving employee share-based compensation
• Supporting ad-hoc as well as period-end reporting for stock activity and responding to equity-related inquiries from employees, managers, and external vendors
• Manage the equity plan budget and related forecasts throughout the year
• Stay current on regulatory changes and market trends related to stock administration and equity compensation
• Monitor revenue recognition procedures in accordance with the ASC 606 Revenue Recognition standard, including: Determination of contract performance obligations and appropriate revenue recognition method
• Compiling supporting documentation and inputs from key stakeholders
• Review and approval of proposed revenue recognition method with Financial Accounting
• Collaborate with stakeholders to ensure revenue formulas are setup properly on projects within the accounting system in-line with contractual requirements and revenue determination
• Review monthly revenue calculations for accuracy, investigate and document discrepancies, and provide path towards resolution to key stakeholders
• Optimize processes, workflows, and internal controls related to stock administration and revenue recognition
• Assist in the preparation and compilation of the company’s financial statements and accompanying footnotes as they relate to equity compensation and revenue recognition
• Perform other duties that may be assigned as part of the Financial Accounting team, including but not limited to: Assist in the preparation and recording of reclassifying adjusting journal entries each month
• Assist with the monthly account reconciliations for various general ledger accounts
• Assist with entering and posting journal entries to the general ledger

Preferred Qualifications

• Certified Equity Professional (CEP) designation preferred
• Experience with Deltek Costpoint financial applications
• Has the option to be remote but Massachusetts based preferred