Full-Time
Assistant Controller
Construction
Confirmed live in the last 24 hours
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Compensation Overview
$95k - $115kAnnually
Mid
San Antonio, TX, USA
Position requires onsite presence in San Antonio, TX.
- Bachelor's degree in accounting or finance required
- 7-12 years of experience in accounting in a construction industry related company required
- CPA or CMA certification a plus
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Proficiency in Microsoft Office (Excel used consistently)
- Proficiency in ComputerEase a plus
- Prepare financial statements, including the balance sheet, income statement, and cash flow statement
- Manage the general ledger and accounts payable and receivable
- Prepare WIP reporting
- Develop and implement budgets and forecasts
- Analyze financial data and prepare reports for management
- Assist in overseeing the day-to-day operations of the accounting department
- Prepare monthly sales tax and payroll tax reports
- Provide financial advice and guidance to management
Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are nearing retirement. The platform buys 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 recruits dedicated leaders to manage these businesses, ensuring they are well-trained and equipped to succeed.
Company Stage
N/A
Total Funding
$214.3M
Headquarters
New York City, New York
Founded
2019
6 month growth
↑ 1%1 year growth
↓ -2%2 year growth
↑ 6%
Simplify's Take
What believers are saying
- Teamshares' recent $245 million in venture capital funding highlights strong investor confidence and provides significant resources for growth.
- The company's mission-driven approach and focus on employee ownership can lead to high employee morale and retention.
- Teamshares' model of recruiting and training mission-driven presidents ensures strong leadership for acquired businesses, promoting stability and growth.
What critics are saying
- The gradual stock transfer model may face challenges in maintaining employee engagement and motivation over the long term.
- The niche focus on small businesses with retiring owners could limit market opportunities and scalability.
What makes Teamshares unique
- Teamshares uniquely focuses on facilitating employee ownership of small businesses, a niche market often overlooked by traditional business acquisition firms.
- Their gradual stock transfer model ensures business continuity and job preservation, unlike competitors who may prioritize immediate returns.
- The company's proprietary software, education, and financial products provide additional value to employees, setting them apart from other business acquisition platforms.
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