Teamshares

Audit Associate

San Antonio, Texas, United States

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.

Key Metrics

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.

Land your dream remote job 3x faster with AI