Senior Stock Plan Administrator

Mercury is building a complete finance stack for startups. With an intelligent bank* account powering their operations, founders and finance teams can efficiently store, manage, and move their funds while driving smarter business decisions. Our mission is to disrupt business banking by providing customers with a banking experience that is intuitive, enjoyable, and attuned to an entrepreneur’s need. As we continue towards this goal, we need sharp and curious minds to help shape our financial success.

The Senior Stock Plan Administrator will be responsible for the end-to-end administration of Mercury’s global equity programs, including stock options and Restricted Stock Units (RSUs). This is a highly visible and critical role that requires deep expertise in equity plan management, a commitment to meticulous accuracy, and a strong understanding of compliance. The administrator will be the primary contact for all equity transaction processing, lead the migration and implementation of the equity administration platform, and ensure full compliance with global tax, regulatory, and SOX requirements. This role sits within Finance, working closely with Leadership, Legal, HR, and Payroll to manage and execute all aspects of the company's global equity compensation strategy. This role is essential in supporting employee understanding of their equity and partnering across the organization to maintain a world-class compensation program.

*Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

You will:

• Administer the company's equity programs, including stock options and Restricted Stock Units (RSUs),
• Process all equity transactions accurately and on a timely basis, including grants, exercises, vesting, releases, forfeitures, and private market secondary sales.
• Lead the implementation and migration of equity administration platform, including data validation, historical grant reconciliation, and coordination with internal stakeholders and vendors.
• Ensure compliance with all internal controls, Sarbanes-Oxley (SOX) requirements, and other global regulatory and tax regulations related to equity.
• Partner with Legal, HR, Finance, and Payroll teams on all equity-related matters,
• Preparing monthly and quarterly equity-related reports, expense schedules, and reconciliations, including stock-based compensation journal entries
• Support employee understanding of equity programs through effective communication, education, and addressing inquiries.
• Assist with year-end tax reporting (e.g., Forms 3921 and 1099-B) and related filings.

You have:

• 5+ years of experience in equity administration for a multi-national public or private company.
• Deep knowledge of global equity compensation plans and related accounting, tax, and legal requirements, including ASC 718, 409A, and insider trading rules.
• Proven experience with a major equity administration platform (e.g., Carta, Shareworks, E*TRADE).
• Experience managing the equity plan through various company stages, from fundraising to secondary market activities and IPO preparation.
• Excellent analytical and problem-solving skills with meticulous attention to detail and accuracy.
• Strong verbal and written communication skills for effective employee and cross-functional communication.
• A Bachelor’s degree in Finance, Accounting, or a related field (Certified Equity Professional (CEP) designation is a plus).

The total rewards package at Mercury includes base salary, equity (stock options/RSUs), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

• US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $154,200 - 192,800
• US employees outside of the New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $138,800 - 173,500
• Canadian employees (any location): CAD 145,800 - 182,200

Mercury values diversity & belonging and is proud to be an Equal Employment Opportunity employer. All individuals seeking employment at Mercury are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, or any other legally protected characteristic. We are committed to providing reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs. If you need assistance, or an accommodation, please let your recruiter know once you are contacted about a role.

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024.

[Please see the independent bias audit report covering our use of Covey for more information.] 

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