What are the responsibilities and job description for the Payroll and Equity Specialist position at Opendoor?
About Opendoor
At Opendoor our mission is to tilt the world in favor of homeowners and those who aim to become one. Homeownership matters. It's how people build wealth, stability, and community. It's how families put down roots, how neighborhoods strengthen, how the future gets built. We're building the modern system of homeownership giving people the freedom to buy and sell on their own terms. We’ve built an end-to-end online experience that has already helped thousands of people and we’re just getting started.
About The Role
At Opendoor our mission is to tilt the world in favor of homeowners and those who aim to become one. Homeownership matters. It's how people build wealth, stability, and community. It's how families put down roots, how neighborhoods strengthen, how the future gets built. We're building the modern system of homeownership giving people the freedom to buy and sell on their own terms. We’ve built an end-to-end online experience that has already helped thousands of people and we’re just getting started.
About The Role
- We’re seeking an exceptional Payroll and Equity Specialist to join our Opendoor Payroll and Equity team to meet and exceed the needs of our employees as our business rapidly grows in existing markets and scales to new markets.
- Ensure accurate and timely processing of payroll. Perform payroll review functions as needed. Audit, research and resolve payroll discrepancies.
- Process hourly and salary US payroll and salary Canadian payroll on a semi-monthly payroll cycle.
- Perform audits of employee records to ensure tax compliance and ensure new employees are set up correctly.
- Review and resolve payroll tax compliance notices.
- Research payroll tax requirements as the Company expands to new states. Set up withholding and SUI accounts with the appropriate agencies as needed.
- Audit and balance quarter end and year end wages and W2 box configuration to ensure accuracy before finalizing W2 filing.
- Collaborate with other team members and other departments to identify and drive process improvements. Including testing of system enhancements.
- Ensure compliance with federal, state, and local payroll, wage and hour laws and best practices.
- Maintain the integrity, confidentiality, and accuracy of Payroll/HR files, records, and documentation.
- Provide excellent customer service to our employees and answer payroll and equity related questions timely.
- Maintain participant information in the E*Trade system
- Run weekly and ad hoc reports for participants and other stakeholders upon request
- Assist with trade clearance, 10b5-1 plan reviews, and participant messages during open trading windows
- Manage day-to-day equity workflows between E*TRADE and payroll, including vestings, daily option exercises, and ESPP purchases; reconcile discrepancies
- Review new awards and maintain appropriate documentation for each grant
- Perform other payroll and stock related duties and projects as needed
- Ensure timely and accurate documentation of payroll and month end processing to remain in compliance with our SOX procedures and controls.
- 5 years of combined payroll and equity experience preferred.
- Excellent verbal and written communication skills.
- Excellent interpersonal skills with the ability to manage sensitive and confidential situations with tact, professionalism, and diplomacy.
- Excellent organizational skills and attention to detail.
- Proficient Microsoft Office, Gmail, G (Google) Suite preferred (sheets, forms and docs)
- Ability to meet deadlines in a fast paced environment
- Open to change and willing to learn new skills
- Ability to multi-task and work in multiple systems
- Experience with the E*Trade Stock Admin platform
- Ability to process basic payroll and equity related journal entries