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Full-Time

Accountant

Updated on 10/7/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Compensation Overview

$60k - $80kAnnually

+ Equity Stake + 401K Match + Paid Time Off

Senior, Expert

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
  • Proven experience working with various industry specific ERP platforms
  • Working knowledge of US GAAP
  • 2-3 years of experience leading teams strongly preferred
  • 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 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 focuses on recruiting dedicated leaders to manage these businesses, ensuring they are well-trained and equipped to succeed.

Company Stage

Series D

Total Funding

$320.7M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-5%

2 year growth

14%
Simplify Jobs

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.