Financial Controller - Retail Industry

Remote

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Candidates should possess a Bachelor’s degree in Accounting or a related field, along with a minimum of 5 years of experience in financial accounting, preferably within the retail industry. Strong knowledge of accounting principles, financial reporting standards, and tax regulations is required, and experience with month-end and year-end close processes is essential. Familiarity with accounting software and systems is also necessary.

Responsibilities

As a Financial Controller, you will provide high-quality financial management for a subset of Teamshares network companies within the Retail Industry, partnering with company presidents and employee-owners to ensure robust financial oversight and identify profit improvement opportunities. You will oversee day-to-day accounting operations, including AP/AR, GL, inventory accounting, and revenue recognition, manage cash flow, conduct balance sheet reconciliations, record fixed assets and depreciation, and prepare financial statements. Furthermore, you will advise leadership on financial health, budget adherence, and strategic planning, and contribute to process optimization and control development.

Skills

Financial Management

Accounting Cycle

Financial Analysis

Cash Flow Monitoring

Reconciliation

Journal Entries

Month-End Closing

Financial Reporting

Inventory Optimization

Tax Planning

Cost Control

Client Partnership

System Troubleshooting

Multi-Tasking

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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