External Reporting Lead

Remote

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Financial Services, Biotechnology, Business ServicesIndustries

Requirements

Candidates must possess a bachelor's degree in Accounting or Finance, or have extensive work experience in these fields, coupled with 4-7 years of progressive experience at a Big 4 accounting firm and/or in a financial reporting role at a public company. A CPA license is preferred. Familiarity with reporting tools like OneStream and NetSuite, strong knowledge of US GAAP and SEC regulations, and experience preparing 10-Ks and 10-Qs are essential. Experience with intercompany transactions and consolidation, excellent attention to detail, strong written and verbal communication skills, a problem-solving mindset, curiosity, and the ability to work independently in a fast-paced environment are also required.

Responsibilities

The External Reporting Lead will prepare financial statements, footnotes, and supporting schedules, ensuring accuracy and compliance with US GAAP, and support the build-out of financial statements, disclosures, and investor reporting materials. This role involves conducting disclosure benchmarking, assisting with consolidated financial statements including intercompany eliminations, and performing foreign currency translation and remeasurement for international subsidiaries. Responsibilities also include assisting in the calculation and review of non-controlling interests, collaborating with external auditors, contributing to process improvement initiatives, monitoring new FASB pronouncements, assisting with technical accounting research, and collaborating with internal stakeholders on special projects.

Skills

US GAAP

SEC regulations

Financial statements

Footnotes

Disclosure benchmarking

Consolidated financial statements

Intercompany eliminations

Reconciliations

Foreign currency translation

Non-controlling interest

External audit support

FASB pronouncements

Technical accounting

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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