Full-Time
Assistant Controller
Manufacturing
Posted on 5/14/2024
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Expert
San Antonio, TX, USA
Requires onsite presence in San Antonio, TX.
- Proven experience as senior accountant or controller (8 to 10 years)
- Thorough knowledge of basic accounting procedures
- In-depth understanding of Generally Accepted Accounting Principles (GAAP)
- Familiarity with financial accounting statements
- Experience with general ledger functions and the month-end/year-end close process
- Advanced MS Excel skills including VLOOKUP's and pivot tables
- Accuracy and attention to detail
- Aptitude for numbers and quantitative skills
- BS degree in Accounting, Finance or relevant
- Relevant certification (e.g. CMA or CPA) will be preferred
- Lead and oversee general accounting operations
- Month-end close duties
- Reconciling account balances
- Maintaining general ledger
- Recording payroll transactions
- Cash management
- Reviewing commission calculations and AP payments
- Ensuring accuracy and effectiveness in accounting tasks
- Implementing efficient and effective processes
- Responding and supporting internal and external inquiries
- Providing financial data to President and CFO
- Recording payroll journal entries
- Preparing WIP report and financial statements
- Producing budget according to schedule
- Preparing monthly bank reporting
- Analyzing and presenting financial information
- Preparing data for tax returns
- Leading external review by CPA firm
- Spotting errors and suggesting improvements
- Reviewing and recommending modifications to accounting systems and procedures
- Developing and documenting business processes and accounting policies
- Ensuring compliance with GAAP principles
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
6 month growth
↑ 0%1 year growth
↓ -4%2 year growth
↑ 17%
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.
Help us improve and share your feedback! Did you find this helpful?