Teamshares

Fractional Controller

San Antonio, Texas, United States

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Part TimeJob Type
UnknownVisa
Consulting, Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor’s degree in Accounting, Finance, or a related field, and preferably hold a CPA or CMA certification. They must have at least 10 years of accounting/finance experience, including Controller-level leadership, and demonstrate proven experience leading an ERP system migration such as NetSuite, SAP, Microsoft Dynamics, or Sage. Strong knowledge of GAAP, financial reporting, and internal controls is also required.

Responsibilities

The Fractional Controller will lead and support the migration and implementation of a new ERP system, assess current accounting processes and recommend improvements, oversee data migration and system testing, develop best practices and training materials, ensure financial reporting and compliance, collaborate with various departments, and provide interim financial leadership, including budgeting, forecasting, and internal controls. They will also support audit and tax compliance efforts by maintaining proper financial documentation and offering strategic financial insights to leadership.

Skills

Accounting
Finance
ERP
NetSuite
SAP
Microsoft Dynamics
Sage
GAAP
Financial Reporting
Internal Controls
Analytical Skills
Problem-Solving
Project Management
Budgeting
Forecasting
Data Migration
System Testing
Reconciliation

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.

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