Full-Time
Controller
Hybrid, Only 1 day in office
Posted on 7/3/2024
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Compensation Overview
$100k - $120kAnnually
Senior
San Antonio, TX, USA
Requires onsite presence in San Antonio, TX for one day per week.
- Bachelor's degree in Accounting or Business Administration
- CPA or other professional accounting designation
- 5+ years of experience in financial management
- Mortgage Industry experience strongly preferred
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to work independently and as part of a team
- Develop and implement financial plans
- Manage the budget
- Oversee financial reporting
- Work with the other members of the management team to ensure that the company is operating in a financially sound manner
- Provide financial analysis and advice to the management team
- Oversee the preparation of financial statements
- Manage the company's cash flow
- Ensure compliance with all financial regulations
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.
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