Full-Time
Accountant
Confirmed live in the last 24 hours
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Compensation Overview
$60k - $75kAnnually
Senior
Santa Fe, NM, USA
You match the following Teamshares's candidate preferences
Employers are more likely to interview you if you match these preferences:
- Bachelor's degree in business, accounting, or a related field
- 5+ years of professional accounting experience
- Working knowledge of US GAAP
- Advanced project-management and problem-solving skills with a roll-up-the-sleeves, get-it-done attitude
- Oversee all accounting operations including Billing, A/R, A/P, GL, Inventory Accounting and Revenue Recognition
- Lead the Company’s accounting and finance functions to assess and improve financial oversight processes
- Evaluate and implement financial tools and systems as needed, and develop business metrics
- Partner with President and operational team to prepare financial budgets, forecasts, and other strategic projects
- Serve as financial leader for the business, including identifying new revenue opportunities and company operational improvements in partnership with the company President
- Develop internal control policies
- Develop and document business processes
- Perform risk management activities and develop plans to minimize risk
- Oversee Treasury and cash management functions
- Support the company presidents with Human Resources and payroll management
- Maintain effective working relationships with Teamshares Finance
- Prepare timely and accurate financial statements
- Oversee month-end and year-end close process
- Inventory and WIP experience preferred
- Experience in construction industry preferred
- Proven experience working with various industry specific ERP platforms
Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are nearing retirement. The company purchases these businesses and gradually transfers ownership to the employees, starting with 10% of the stock and increasing to 80% over 20 years. This approach helps maintain business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses it acquires and also offers proprietary software, education, and financial products. By promoting employee ownership, Teamshares not only supports the financial stability of employees but also strengthens the local economy by preserving small businesses. The company differentiates itself by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$214.3M
Headquarters
New York City, New York
Founded
2019
Simplify's Take
What believers are saying
- Teamshares plans to expand into Japan, supported by major financial institutions.
- The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
- Increased interest in employee ownership models supports Teamshares' mission and growth.
What critics are saying
- Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
- Increased competition from platforms like SKROL could challenge Teamshares' market position.
- Reliance on debt financing could increase financial risk if businesses underperform.
What makes Teamshares unique
- Teamshares is a market leader in small business employee ownership with 84 acquisitions.
- The company uniquely transitions 80% ownership to employees over 20 years.
- Teamshares provides proprietary software, education, and financial products to acquired businesses.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
401(k) Retirement Plan
Profit Sharing
Paid Parental Leave
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 1%2 year growth
↑ 1%Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Cha
Title: "MPower Partners Invests in Teamshares" Content: MPower Partners has made a growth equity investment in Teamshares, a company addressing the succession crisis in SMEs by acquiring businesses from retiring owners and transitioning 80% ownership to employees over 20 years. Teamshares has acquired over 90 SMEs in the US, creating 2,600 employee shareholders. The investment supports Teamshares' expansion into Japan, with backing from Mitsubishi UFJ Innovation Partners and Nomura Holdings.
MPower Partners, Japan’s first ESG-focused global venture capital fund, has invested in Teamshares, an employee ownership platform for small businesses. Following investments by MUFG Innovation Partners in February and Nomura in March, Teamshares plans to establish its first employee-owned business in Japan this year. Teamshares aims to create a network of 10,000 employee-owned companies and $10 billion in stock wealth for employees.
By Riley KaminerLet’s say you’re fresh off an MBA at a top school. What’s your next step? The roles that were traditionally top of mind might have included consulting, investment banking, tech.Increasingly though, the top business minds are gravitating toward the world of small business, buying their way into the C-suite rather than founding companies. Search funds are one way to do it: raising some capital to buy a business – an activity that Harvard Business School even supports its students in doing.On the demand side, this interest in SMBs also adds up, with the US economy bracing for a so-called “small business silver tsunami” as baby boomers retire.Miami-based SKROL is getting in on the action and helping others ride the wave too. Founded by serial entrepreneur Michael Cassau (former leader of German-Miami unicorn Grover), the startup is building a tech-enabled platform to source, acquire, and improve small and medium sized businesses.To fuel this mission, SKROL has officially closed a $1.2 million pre-seed equity fundraise led by Magnetic Capital. In an interview with Refresh Miami, Cassau added that we can expect to see SKROL publicly announce a debt fundraise sooner rather than later, as this will enable the company to start buying businesses. A peek into the future of SKROL’s story – and a unique insight into the technology it has already built – can be found by visiting SKROL.ai, which just launched this week. There, the sourcing platform that SKROL has built for its internal deal sourcing purposes can be accessed for free
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