Netsuite Accountant at Teamshares

Plano, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Distribution, Packaging, Industrial SuppliesIndustries

Requirements

Bachelor’s degree in Accounting, Finance, or related field
3+ years of accounting experience, ideally in a distribution, manufacturing, or inventory-heavy business
Hands-on NetSuite experience (implementation, administration, customization, or power-user level)
Strong understanding of GAAP accounting and month-end close processes
Experience with reporting tools, saved searches, and dashboards in NetSuite
Analytical mindset with excellent attention to detail and data accuracy
Ability to communicate clearly across departments and translate accounting needs into system solutions

Responsibilities

Own NetSuite as the internal administrator and accounting system expert
Maintain the general ledger, perform monthly and quarterly closes, and ensure accurate financial reporting
Manage AP, AR, bank reconciliations, and journal entries within NetSuite
Design and implement process improvements and automation across accounting and operations
Create, manage, and distribute custom reports and dashboards for leadership and department heads
Troubleshoot NetSuite issues and liaise with external partners or consultants when needed
Support inventory and costing accuracy within the system, collaborating closely with operations
Assist with budgeting, forecasting, and variance analysis
Provide training and documentation for other NetSuite users company-wide

Skills

NetSuite

General Ledger

Bank Reconciliations

Journal Entries

GAAP

Financial Reporting

Month-End Close

Process Improvement

Custom Reports

Dashboards

Inventory Management

Budgeting

Forecasting

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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