Full-Time

Full Charge Bookkeeper

Posted on 12/19/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Junior, Mid

Schenectady, NY, USA

Position requires onsite presence in Schenectady, NY.

Category
Bookkeeping
Financial Accounting
Payroll Accounting
Accounting
Required Skills
Quickbooks
Financial analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in accounting, finance, or related field preferred.
  • Proven experience as a Full Charge Bookkeeper or similar role, with a minimum of 2 years in accounting or finance.
  • Proficiency in accounting software, such as QuickBooks or Xero, and advanced knowledge of Microsoft Excel.
  • Strong understanding of accounting principles and regulations, including GAAP.
  • Excellent attention to detail and accuracy in financial reporting.
  • Ability to prioritize tasks and manage time effectively in a fast-paced environment.
  • Strong communication and interpersonal skills, with the ability to collaborate effectively with colleagues and clients.
  • CPA certification or relevant professional accreditation is a plus.
  • Experience in a similar industry or with specific accounting software may be preferred.
Responsibilities
  • Manage all aspects of accounts payable, including processing invoices, verifying expenses, and issuing payments.
  • Oversee accounts receivable functions, including invoicing clients, recording payments, and following up on overdue accounts.
  • Perform bank reconciliations and maintain accurate records of all financial transactions.
  • Process payroll accurately and in a timely manner, including calculating hours, deductions, and taxes.
  • Prepare monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements.
  • Maintain the general ledger and ensure all transactions are properly recorded and categorized.
  • Monitor and analyze financial data to identify discrepancies or trends that may require attention.
  • Assist with budgeting and forecasting activities to support strategic financial planning.
  • Ensure compliance with all relevant regulations and accounting standards.
  • Collaborate with internal teams and external stakeholders to provide financial information and support decision-making processes.

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 a sustainable future for their 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 company secured $225 million in debt financing for expansion and acquisitions.
  • MPower Partners' investment supports Teamshares' international expansion, particularly in Japan.

What critics are saying

  • Increased competition from tech-enabled platforms like SKROL targeting small business acquisitions.
  • Potential cultural and regulatory challenges in expanding to Japan.
  • Reliance on debt financing could pose risks if acquired businesses underperform.

What makes Teamshares unique

  • Teamshares focuses on employee ownership for small businesses, a unique market niche.
  • The company gradually transitions 80% ownership to employees over 20 years.
  • Teamshares provides proprietary software and financial education to support employee ownership.

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