Full-Time
Audit Associate
Confirmed live in the last 24 hours
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Junior, Mid
San Antonio, TX, USA
Position requires onsite presence in San Antonio, TX.
- Bachelors degree in accounting or related field
- 1-3 years Audit experience, non profit sector and single audit experience
- Public Accounting experience a plus
- Well rounded knowledge of GAAP standards
- Some travel may be required
- Plan, coordinate, and supervise compilation various phases of Audit engagement
- draft financial statements, including footnote disclosures
- Listening and communicating clearly with clients about engagement expectations, as well as informing them about accounting, financial and regulatory developments that may affect their organization
- Working with the team to design audit procedures using audit technology and innovation tools.
- Researching accounting & auditing matters and documenting conclusions.
Teamshares facilitates employee ownership of small businesses, focusing on 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 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 differentiates itself by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.
Company Stage
Debt Financing
Total Funding
$214.3M
Headquarters
New York City, New York
Founded
2019
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↑ 1%
Simplify's Take
What believers are saying
- Teamshares plans to expand into Japan, supported by major financial institutions.
- The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
- Increased interest in employee ownership models supports Teamshares' mission and growth.
What critics are saying
- Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
- Increased competition from platforms like SKROL could challenge Teamshares' market position.
- Reliance on debt financing could increase financial risk if businesses underperform.
What makes Teamshares unique
- Teamshares is a market leader in small business employee ownership with 84 acquisitions.
- The company uniquely transitions 80% ownership to employees over 20 years.
- Teamshares provides proprietary software, education, and financial products to acquired businesses.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
401(k) Retirement Plan
Profit Sharing
Paid Parental Leave