Full-Time

Sr. Accountant

Confirmed live in the last 24 hours

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Compensation Overview

$70k - $90kAnnually

Senior

Orlando, FL, USA

Position requires onsite presence in Orlando, FL.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree or advanced degree in Accounting, Finance or related field.
  • CPA preferred but not required.
  • 5+ years of professional accounting and financial reporting experience.
  • Must have inventory accounting experience.
  • Strong working knowledge of accrual basis accounting and overall US GAAP.
  • Strong Microsoft Excel skills and proficiency with other Microsoft Office applications.
  • Experience implementing ERP or stand-alone accounting/finance systems preferred but not required.
  • Critical thinker capable of initiating process improvements and problem-solving.
  • Experience using Oracle NetSuite for various accounting and operational functions.
  • Flexibility to manage multiple tasks and shift between priorities.
  • Ability to collaborate and also work independently on-site for the most part.
  • Enthusiastic, inquisitive and desire to learn a broad range of functions and topics.
  • Advanced project-management and problem-solving skills with a roll-up-the-sleeves, get-it-done attitude.
Responsibilities
  • Lead the general ledger, financial reporting, including budgeting and forecasting functions of the business.
  • Collaborate with Teamshares, parent company, the internal team, My Financial Partner © and other stakeholders to implement and continuously improve U.S GAAP practices and controls that safeguard financial assets of the Company.
  • Prepare various analyses that inform management about the past, current and future state of the business. E.g., Store level sales and profitability, product movement, segment analysis, etc.
  • Partner with the management and operational team to prepare financial budgets, forecasts, and other strategic projects.
  • Manage the completeness and accuracy of the company’s P&L, balance sheet and cash flow at both the store level and consolidated level.
  • Oversee all accounting operations including Billing, A/R, A/P, GL inventory accounting, Fixed Assets and proper revenue recognition on a daily basis.
  • Prepare and manage month-end and year-end close processes to ensure accurate and timely reporting. This includes preparing and booking accruals and adjusting journal entries.
  • Document current financial process, recommend improvements and management continuous improvement of accounting and finance functions.
  • Lead the development of internal control policies and procedures appropriate for the current team and functions.
  • Assist with year-end audit requests from KPMG at the parent level.
  • Be comfortable training on the dated legacy ERP and accounting system and be the lead liaison for new ERP system implementation.
  • Perform risk management activities and develop plans to minimize risk.
  • Perform various bank account reconciliations and reconciliations for other balance sheet accounts.
  • Coordinate inventory cycle counts throughout the year and full-counts at year-end.
  • Support management and current team with other operational functions around HR, payroll, sales taxes, etc.
  • Be on-site to learn the current accounting and finance functions, drive improvements and build rapport with the team majority of the time.

Teamshares promotes employee ownership of small businesses by purchasing them from retiring owners and gradually transferring stock to employees, starting with 10% and increasing to 80% over 20 years. This model helps maintain business continuity and prevents job losses when owners retire. Teamshares differentiates itself by focusing on mission-driven leadership and providing training for the presidents of acquired businesses. The company's goal is to redistribute $10 billion of stock wealth to hardworking Americans, ensuring financial stability for employees and preserving local businesses.

Company Stage

N/A

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

7%
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.

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