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Senior Stock Administrator

Company: ThredUp Inc.
Location: Oakland
Posted on: February 22, 2021

Job Description:

thredUP is the world's largest fashion resale platform, inspiring a new generation to think secondhand first. The company has spent the past 10 years reinventing resale, building a marketplace and infrastructure now poised to power the $50B resale economy and usher in a more sustainable fashion future. Millions of consumers use thredUP as the easiest way to sell their clothes and shop over 35,000 brands at up to 90% off - online, in stores or via "try-before-you-buy" Goody Boxes. Backed by world-class investors, thredUP designed a resale engine that has redistributed nearly 100 million unique garments from closets across America and is now powering resale for the broader fashion industry via its Resale-As-A-Service (RAAS) platform. About the role... The Stock Administrator will work in close partnership with our Human Resources, Accounting and Legal teams to assist in scaling and refining the thredUP stock administration function as the Company continues to grow. This position is based in our headquarters in Oakland, and will report to the General Counsel.-- The ideal candidate will be responsible for hands-on, end-to-end administration of the Company's equity plan(s). You will support and collaborate with internal business partners, answer employee questions regarding equity grants, assist in the management of the stockholder ledger, manage communications, and assist with employee education and training regarding the company's equity plans Responsibilities

  • Utilize your stock administration expertise to administer the company's equity programs for all employees in the U.S. and internationally.
  • Support employee understanding of equity awards and refresh grants including general guidelines on taxation.
  • Assist efforts to grow and scale the stock administration function, including but not limited to enhancing existing manual processes, automating processes and helping to evaluate service providers.
  • Lead efforts to automate routine work streams and manual processes to enable efficient, accurate and timely processing of equity award data.
  • Maintain company's equity data using Carta Equity Management, reconcile new hire grants and terminations to payroll records, maintain and reconcile employee database.
  • Process employee exercises, coordinate with transfer agent (Carta) and accounting to ensure accuracy and timely flow of exercise funds including tax withholding.
  • Support accounting for stock based compensation by providing equity information and making necessary updates to Carta system.
  • Calculate equity related employee compensation including regular income and gains from ISO, Non-Qualified and RSU grants.
  • Coordinate with Broker and payroll to ensure proper withholding of tax from equity proceeds.
  • Manage , communicate and roll out new equity programs including ESPP, RSUs, Annual refresh grants, Tender offer transactions as required.
  • Prepare internal reporting including equity grant status for executives, HR and Compensation Committee.
  • Work closely with the company's internal and external Legal counsel, in addition to Finance, Payroll/Accounting, People and other teams, as necessary.
  • Perform other duties and ad hoc projects and reporting as requested. Qualifications
    • Bachelor's Degree in Accounting, Finance or related work experience
    • Experience working with Carta Equity Management preferred
    • A background in legal operations and/or paralegal experience preferred
    • Certified Equity Professional (CEP) certification is strongly preferred
    • Minimum 5+ years of relevant work experience working for late stage private companies and public companies.
    • Self-motivated , reliable, flexible, deadline-oriented, high employee service orientation, have a keen attention to detail, and are able to complete multiple tasks in a timely fashion, independently with minimal supervision.
    • An effective communicator using any medium with a variety of levels of internal employees, business partners, external vendors, etc.
    • A compliance and process-oriented individual who is also flexible and can excel in a fast-paced and rapidly evolving environment.
    • Able to maintain strict confidentiality in a very open and transparent environment. What We Offer: - The opportunity to make a massive impact & influence outcomes for our business and customers alongside passionate coworkers - Autonomy. The ability to make, own, and carry out decisions - Competitive salary, equity and full benefits (health/dental/vision insurance & 401k) - Work from anywhere most Tuesdays and Thursdays (what we call Maker Days) - Catered lunch on Wednesdays, cold brew coffee and beer on tap - Flexible PTO At thredUP, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we believe diversity is key. As a diverse and inclusive workplace, we are committed to ensuring our employees are comfortable bringing their authentic selves to work every day. A unique perspective is critical to solving complex problems and inspiring a new generation to think secondhand first. Everyone is welcome - be you.

Keywords: ThredUp Inc., Oakland , Senior Stock Administrator, Accounting, Auditing , Oakland, California

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