Stock Operations Manager
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Location:Birmingham, Alabama, US
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Alternate LocationRemote US
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Area of InterestFinance
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Compensation Range124000 USD - 169600 USD
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Job TypeProfessional
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Technology Interest*None
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Job Id1435164
Members of the Finance organization at select locations will generally be expected to follow a hybrid work model, which includes two days of in-office attendance each week, with limited exceptions.
The application window is expected to close on 2/10/2025.
Job posting may be removed earlier if the position is filled or if a sufficient number of applications are received.
Meet the Team
Being part of the Global Stock Plan Services is being part of a multifaceted, dynamic and collaborative team, as you will coordinate efforts and have continuous communication with Legal Counsel (in-house, outside, and target), Tax Counsel (in-house and external), HR Acquisitions team, Corporate Development, Acquisition Integration team, U.S. and non-U.S. Payroll, Finance and Target Company Management.
Your Impact
You will play a key role within the team, responsible for administering stock services to Cisco acquisition employees and shareholders. Key to the success of this team is operations, compliance, customer service and collaboration. You will contribute to the design of acquisition strategies, acting as a deal lead for acquisition stock transactions. In addition, you will implement acquisition integration plans, as they relate to stock and stock incentives.
Deal analysis and implementation of the acquisition integration plan generally includes the following:
- Review due diligence analysis of target company stock spreadsheet: audit, issue resolution, and recommendations.
- Model the stock integration plan in Excel, including converting target stock and stock incentives to cash and/or stock, and modeling unique stock based incentive and retention mechanisms.
- Review and approve vest templates consistent with acquisition terms, and upload outstanding/assumed equity awards into stock management database.
- Define and coordinate processes to implement share exchanges and option assumptions.
- Present to target company employees' on terms of acquisition and ongoing equity.
- Post close responsibilities include managing the process of the delivery of cash and/or stock to target shareholders and employees, monitoring the implementation of the appropriate acquisition integration procedures, managing escrow release process, and addressing ongoing questions/issues pertaining to integration activities.
- Calculate and model re-vesting of shares, options and restricted cash, the cash-out of the merger, and process wires.
- Identify, recommend and lead implementation of process improvements and productivity enhancements relating to stock acquisition and integration activities.
Minimum Qualifications:
- BA/BS Degree in Finance or related field
- 10+ years proven experience including sophisticated financial modeling skills and interpretation of contractual terms
- Knowledge of stock equity instruments
- Solid understanding of MS Office including Word, PowerPoint and Excel including file imports/exports, report design and creation, and data manipulation/formatting
Preferred Qualifications:
- CEP designation
- Knowledge of M&A transactions and integrations
- Ability to work with and maintain confidential information, across functions and cultures and with multiple levels within the organization
#WeAreCisco
#WeAreCisco where every individual brings their unique skills and perspectives together to pursue our purpose of powering an inclusive future for all.
Our passion is connection—we celebrate our employees’ diverse set of backgrounds and focus on unlocking potential. Cisconians often experience one company, many careers where learning and development are encouraged and supported at every stage. Our technology, tools, and culture pioneered hybrid work trends, allowing all to not only give their best, but be their best.
We understand our outstanding opportunity to bring communities together and at the heart of that is our people. One-third of Cisconians collaborate in our 30 employee resource organizations, called Inclusive Communities, to connect, foster belonging, learn to be informed allies, and make a difference. Dedicated paid time off to volunteer—80 hours each year—allows us to give back to causes we are passionate about, and nearly 86% do!
Our purpose, driven by our people, is what makes us the worldwide leader in technology that powers the internet. Helping our customers reimagine their applications, secure their enterprise, transform their infrastructure, and meet their sustainability goals is what we do best. We ensure that every step we take is a step towards a more inclusive future for all. Take your next step and be you, with us!
When available, the salary range posted for this position reflects the projected hiring range for new hire, full-time salaries in U.S. and/or Canada locations, not including equity or benefits. For non-sales roles the hiring ranges reflect base salary only; employees are also eligible to receive annual bonuses. Hiring ranges for sales positions include base and incentive compensation target. Individual pay is determined by the candidate's hiring location and additional factors, including but not limited to skillset, experience, and relevant education, certifications, or training. Applicants may not be eligible for the full salary range based on their U.S. or Canada hiring location. The recruiter can share more details about compensation for the role in your location during the hiring process.
U.S. employees have access to quality medical, dental and vision insurance, a 401(k) plan with a Cisco matching contribution, short and long-term disability coverage, basic life insurance and numerous wellbeing offerings.
Employees receive up to twelve paid holidays per calendar year, which includes one floating holiday (for non-exempt employees), plus a day off for their birthday. Non-Exempt new hires accrue up to 16 days of vacation time off each year, at a rate of 4.92 hours per pay period. Exempt new hires participate in Cisco’s flexible Vacation Time Off policy, which does not place a defined limit on how much vacation time eligible employees may use, but is subject to availability and some business limitations. All new hires are eligible for Sick Time Off subject to Cisco’s Sick Time Off Policy and will have eighty (80) hours of sick time off provided on their hire date and on January 1st of each year thereafter. Up to 80 hours of unused sick time will be carried forward from one calendar year to the next such that the maximum number of sick time hours an employee may have available is 160 hours. Employees in Illinois have a unique time off program designed specifically with local requirements in mind. All employees also have access to paid time away to deal with critical or emergency issues. We offer additional paid time to volunteer and give back to the community.
Employees on sales plans earn performance-based incentive pay on top of their base salary, which is split between quota and non-quota components. For quota-based incentive pay, Cisco typically pays as follows:
.75% of incentive target for each 1% of revenue attainment up to 50% of quota;
1.5% of incentive target for each 1% of attainment between 50% and 75%;
1% of incentive target for each 1% of attainment between 75% and 100%; and once performance exceeds 100% attainment, incentive rates are at or above 1% for each 1% of attainment with no cap on incentive compensation.
For non-quota-based sales performance elements such as strategic sales objectives, Cisco may pay up to 125% of target. Cisco sales plans do not have a minimum threshold of performance for sales incentive compensation to be paid.