Full-Time

Accountant

Posted on 9/13/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Compensation Overview

$60k - $80kAnnually

Senior

Santa Fe, NM, USA

Position requires onsite presence in Santa Fe, NM.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Requirements
  • Bachelor's degree in business, accounting, or a related field, CPA certification preferred
  • 5+ years of professional accounting experience
  • Inventory and WIP experience preferred
  • Experience in construction industry preferred
  • Proven experience working with various industry specific ERP platforms
  • Working knowledge of US GAAP
  • 2-3 years of experience leading teams strongly preferred
  • Experience working for a mid-market accounting firm helpful
  • Advanced project-management and problem-solving skills with a roll-up-the-sleeves, get-it-done attitude
Responsibilities
  • 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

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 empowering 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 $225 million debt financing boosts Teamshares' acquisition and transition plans.
  • Expansion into Japan opens new markets and opportunities for Teamshares.

What critics are saying

  • Increased competition from platforms like SKROL could challenge Teamshares' market position.
  • Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
  • 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.
  • The company uniquely targets retiring small business owners for acquisitions.
  • Teamshares provides proprietary software and financial education to acquired businesses.

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