Full-Time

Billing/AR Specialist

Construction

Posted on 12/14/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Compensation Overview

$23 - $25Hourly

Mid

San Antonio, TX, USA

Position requires onsite presence in San Antonio, TX.

Category
Bookkeeping
Financial Accounting
Management Accounting
Accounting
Required Skills
Customer Service
Requirements
  • High school diploma or equivalent required.
  • Minimum of 3 years of experience in billing, accounting, or finance within the construction industry.
  • Familiarity with construction-specific billing procedures (e.g., progress billing, change orders, lien waivers, etc.) is highly preferred.
  • Proficiency in accounting software.
  • Strong Microsoft Office skills, particularly Excel.
Responsibilities
  • Generate Invoices: Create and issue accurate invoices for construction projects based on contract terms, work completed, and any change orders or adjustments. Ensure timely billing of work completed on a regular schedule (weekly, bi-weekly, or monthly as required).
  • Review Contracts and Agreements: Analyze project contracts and work orders to ensure all billable items and pricing are accurately reflected in invoices.
  • Monitor Accounts Receivable: Track payments from clients, follow up on overdue invoices, and assist in resolving payment disputes or discrepancies. Ensure that all billing cycles are adhered to for cash flow management.
  • Coordinate with Project Managers: Work closely with project managers to ensure billing aligns with project milestones, changes in scope, and other contract modifications. Address any discrepancies or issues that may arise between invoicing and project execution.
  • Maintain Documentation: Keep accurate and organized records of all billing documentation, including invoices, change orders, payment receipts, and client communications.
  • Audit and Reconciliation: Regularly review and reconcile accounts to ensure the accuracy of billing data and resolve any discrepancies between financial records, accounts payable, and accounts receivable.
  • Customer Service: Serve as the point of contact for clients regarding billing inquiries, providing exceptional service to maintain strong client relationships and resolve any questions related to invoices or charges.
  • Reporting: Prepare regular billing reports for management, including aging reports, cash flow projections, and any issues or concerns related to outstanding accounts.

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 they acquire and manage, and they also offer 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. Their goal is to redistribute $10 billion of stock wealth to hardworking Americans, ensuring a smooth transition for retiring owners and a sustainable future for their employees.

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

6%

1 year growth

0%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares has acquired over 90 SMEs, creating 2,600 employee shareholders.
  • The company secured $225 million in debt financing for expansion and acquisitions.
  • MPower Partners' investment supports Teamshares' international expansion, particularly in Japan.

What critics are saying

  • Increased competition from tech-enabled platforms like SKROL targeting small business acquisitions.
  • Potential cultural and regulatory challenges in expanding to Japan.
  • Reliance on debt financing could pose risks if acquired businesses underperform.

What makes Teamshares unique

  • Teamshares focuses on employee ownership for small businesses, a unique market niche.
  • The company gradually transitions 80% ownership to employees over 20 years.
  • Teamshares provides proprietary software and financial education to support employee ownership.

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