Controller (Retail & Restaurant Industry Focus)

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, Restaurant, Accounting ServicesIndustries

Requirements

Candidates must possess a Bachelor's degree in Accounting, Finance, or a related field, with a CPA designation being preferred. A minimum of 5 years of experience in a Controller or Senior Accounting role is required, along with proven experience in restaurant or retail accounting, ideally with multi-location operations. Proficiency in QuickBooks Online, POS systems, and Excel is essential, as is a working knowledge of US GAAP. Experience in small to medium-sized businesses, particularly in fractional or outsourced accounting, is a plus.

Responsibilities

The Controller will serve as a trusted advisor to business presidents, providing tailored financial insights and guiding cost control, margin analysis, and inventory forecasting. Responsibilities include leading full-cycle accounting operations, managing month-end and year-end closes, and overseeing inventory accounting and costing. The role involves maintaining cash flow forecasts, preparing financial reporting dashboards, and collaborating on budgets and strategic initiatives. Additionally, the Controller will identify and implement process improvements, assist in developing internal controls, and streamline inventory management practices.

Skills

Accounting

Financial Reporting

Inventory Management

Cost Control

Menu Margin Analysis

Vendor Management

Payroll

Accounts Payable

Accounts Receivable

General Ledger

Revenue Recognition

Reconciliations

Accruals

Fixed Assets

Deferred Revenue

Financial Analysis

Strategic Planning

Restaurant Operations

Retail Operations

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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