Audit Associate at Teamshares

San Antonio, Texas, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Consulting, Financial ServicesIndustries

Skills

Key technologies and capabilities for this role

GAAPAuditingFinancial StatementsCommunication SkillsAudit TechnologyAccountingSingle Audits

Questions & Answers

Common questions about this position

What is the salary for the Audit Associate position?

This information is not specified in the job description.

Is this Audit Associate role remote or onsite?

The position is onsite in San Antonio, Texas, centrally located off I-10.

What skills and experience are required for the Audit Associate role?

Requirements include 1-3 years of audit experience in the non-profit sector with single audits, a Bachelor’s degree in accounting or related field, knowledge of GAAP standards, and strong listening and communication skills. Public accounting experience is a plus.

What is the work environment like at this CPA firm?

It's a full-service CPA firm focused on providing disciplined and ethical audit services for a non-profit client.

What makes a strong candidate for this Audit Associate position?

Candidates with 1-3 years of non-profit audit experience including single audits, a Bachelor’s in accounting, GAAP knowledge, and strong communication skills will stand out; public accounting experience is a plus.

Teamshares

Facilitates employee ownership of small businesses

About Teamshares

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 to an outside buyer. 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.

New York City, New YorkHeadquarters

2019Year Founded

$214.3MTotal Funding

DEBTCompany Stage

Fintech, Social ImpactIndustries

51-200Employees

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

Risks

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.

Differentiation

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.

Upsides

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.

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