Full-Time

General Ledger Accounting Manager

Confirmed live in the last 24 hours

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

Remote in USA

Category
Cost Accounting
Financial Accounting
Management Accounting
Accounting
Required Skills
NetSuite
Inventory Management
Requirements
  • Bachelor’s degree in accounting or finance
  • Minimum of 7-10 years of finance/accounting experience required
  • Active CPA
  • Knowledge of financial regulations, policies, procedures and US GAAP accounting principles
  • Finance and accounting controls
  • Experience with ERPs conversions, upgrades and implementations (e.g. NetSuite, QuickBooks Online)
  • Demonstrated knowledge of specific process value streams of internal accounting procedures required
  • Strong interpersonal and communication skills (written, verbal and listening)
  • Must have a strong analytical and problem-solving background
  • Ability to travel up to 10% of the time
Responsibilities
  • Manage the GL monthly close process for all Network Companies
  • Oversee an existing team of Accounting Specialists
  • Work closely with MFP Controllers and other stakeholders to coordinate closing activities
  • Provide support for the strategic direction and execution of G/L accounting and fixed assets processes
  • Partner with Teamshares, Network Company Presidents and MFP Controllers to ensure business needs are met
  • Validate changes in general ledger and fixed assets accounting processes
  • Work with key stakeholders to assess new or revised automation tools
  • Communicate accounting process changes and provide support for translation and training programs
  • Participate in development and implement Service Level Agreements for G/L services
  • Proactively monitor and perform updates of global general accounting and fixed assets accounting
  • Provide prompt response to all information requests
  • Achieve deadlines set by leadership and proactively monitor deadlines
  • Provide proactive, relevant and timely communications
  • Handle ad-hoc requests from the CFO, Chief Accounting Officer and/or Shared Services Lead
  • Perform balance sheet reconciliations (cash, credit card, A/R, A/P, etc.)
  • Record fixed assets and depreciation
  • Record and amortize prepaid expenses
  • Calculate and record payroll/bonus accruals
  • Calculate and record revenue/expense accruals as needed
  • Submit TB, variance analysis, and monthly close checklist to OneStream
  • Book deferred revenue entries and reversals in the accounting system
  • Review and book income tax entries from Teamshares
  • Review trial balance regularly and make necessary adjustments
  • Make year-end adjustments and prepare worksheets
  • Assist with inventory adjustments based on Controller feedback
  • Oversee Accounting Specialists and provide training as needed
Desired Qualifications
  • Experience supporting Finance process improvement initiatives preferred
  • Experience in a shared services environment is preferred

Teamshares facilitates employee ownership of small businesses, specifically targeting those whose owners are retiring. The company buys these businesses and gradually transfers ownership to employees, starting with 10% of the stock and increasing to 80% over 20 years. This model 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. Their goal is to redistribute $10 billion of stock wealth to hardworking Americans, ensuring financial stability for employees and contributing to the local economy by preserving valuable businesses.

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Simplify Jobs

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