Full-Time
Senior Accountant
Confirmed live in the last 24 hours
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Compensation Overview
$75k - $90kAnnually
Senior
San Antonio, TX, USA
The job is onsite in San Antonio, TX.
- Bachelor’s degree in accounting, finance, or a related field.
- Minimum 5-7 years of progressive accounting experience, with at least 2 years in a senior role.
- Proficiency in accounting software (e.g., QuickBooks, NetSuite, SAP) and advanced Microsoft Excel skills.
- Strong knowledge of GAAP/IFRS principles and financial reporting.
- Prepare and review financial statements, ensuring compliance with GAAP/IFRS and regulatory standards.
- Assist with monthly, quarterly, and annual closing processes.
- Reconcile balance sheets, bank accounts, and general ledger accounts.
- Oversee accounts payable and receivable functions.
- Prepare budgets, forecasts, and variance analysis to provide actionable insights.
- Support audits by coordinating with internal and external auditors.
- Identify opportunities for process improvements and implement best practices.
- Mentor and guide junior accounting staff, fostering professional growth.
Teamshares facilitates employee ownership of small businesses, focusing on those whose owners are nearing retirement. The platform buys these businesses and gradually transfers ownership to 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 aims to redistribute $10 billion of stock wealth to hardworking Americans, ensuring financial stability for employees and contributing to the local economy.
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 has acquired over 90 SMEs, creating 2,600 employee shareholders.
- Recent $225 million debt financing supports further acquisitions and growth.
- Expansion into Japan indicates growing international interest in their model.
What critics are saying
- Increased competition from tech-enabled platforms like SKROL.
- Expansion into Japan may pose regulatory and cultural integration challenges.
- Growing popularity of employee ownership models may dilute Teamshares' market proposition.
What makes Teamshares unique
- Teamshares is a market leader in small business employee ownership.
- The company uniquely targets retiring small business owners for acquisitions.
- Teamshares gradually transfers 80% ownership to employees over 20 years.
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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
↑ 3%1 year growth
↑ 0%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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