Consolidations and Reporting Senior Associate

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, AccountingIndustries

Requirements

Candidates should possess a bachelor's degree in Accounting or Finance, or equivalent extensive work experience. A minimum of 4-7 years of progressive experience in a Big 4 accounting firm or a financial reporting role at a public company is required. Familiarity with reporting tools like OneStream and NetSuite, along with strong knowledge of US GAAP and SEC regulations, is necessary. Prior experience in preparing 10-Ks and 10-Qs, and consolidating intercompany transactions is essential. Excellent attention to detail, communication, problem-solving, and time management skills are also key requirements.

Responsibilities

The Senior Associate will prepare financial statements, footnotes, and supporting schedules in compliance with US GAAP. This role involves supporting the build-out of financial statements, disclosures, and investor reporting materials, including conducting disclosure benchmarking. Responsibilities include preparing consolidated financial statements with intercompany eliminations, performing foreign currency translations, and assisting with the calculation of non-controlling interests. The associate will collaborate with external auditors, contribute to process improvements and automation, monitor new FASB pronouncements, and conduct technical accounting research for complex transactions. Additionally, they will collaborate with internal stakeholders and assist with special projects.

Skills

US GAAP

ASC 830

SEC reporting

Consolidated financial statements

Intercompany eliminations

Foreign currency translation

Non-controlling interest

Disclosures

Financial statement disclosures

Investor reporting

External audit coordination

Technical accounting

FASB pronouncements monitoring

Internal controls

Automation in financial reporting

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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