Audit Associate

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

Requirements

Candidates must possess a Bachelor’s degree in accounting or a related field, along with 1-3 years of audit experience, specifically within the non-profit sector and with single audit experience. Public accounting experience is considered a plus, and a strong understanding of Generally Accepted Accounting Principles (GAAP) standards is required.

Responsibilities

The Audit Associate will plan, coordinate, and supervise the compilation and various phases of audit engagements, draft financial statements including footnote disclosures, and communicate clearly with clients about engagement expectations. They will also listen to client concerns, research accounting and auditing matters, document conclusions, and work with the team to design audit procedures utilizing audit technology and innovation tools, potentially requiring some travel.

Skills

GAAP

Auditing

Financial Statements

Communication Skills

Audit Technology

Accounting

Single Audits

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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