[Remote] Technical Accounting Sr. Associate at Teamshares

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Strong understanding of technical accounting and accounting standards (US GAAP)
Skillful in researching specific topics
Effective communication, analytical and problem-solving skills
Demonstrated ability to work in a dynamic accounting environment
Proficient in Microsoft Excel
Experience with NetSuite, OneStream & QuickBooks or Peachtree ERPs (plus)
Excellent organizational skills, self-discipline, and sense of personal accountability
Desire and comfort in working in a constantly changing and unpredictable environment
Flexibility to manage multiple tasks and shift between priorities
Critical thinker capable of initiating process improvements and problem-solving
Enthusiastic, inquisitive and desire to learn a broad range of industries and topics
Bachelor’s degree in finance, accounting, or similar field
Minimum of 3-5 years of audit, accounting advisory, or other relevant experience
CPA (preferred)

Responsibilities

Assess differences between acquired company accounting policies and Teamshares accounting policy
Develop and implement necessary amendments to ensure compliance with US GAAP and corporate standards
Establish and lead monthly & quarterly review processes to ensure existing companies maintain accounting compliance
Participate in quarter-end and year-end closes by requesting and reviewing network company support, and proposing adjustments as necessary
Assist in coordination of audit procedures, liaising with external auditors and network companies to obtain support and prepare analysis as needed
Assist in the review of lease agreements and determination of accounting treatment under ASC 842
Perform technical reviews of domestic & international stock compensation plans and build quarterly accounting adjustment processes
Support the accounting team with purchase price accounting
Conduct technical accounting research on an ad hoc basis to support accounting issues that arise on a deal-by-deal basis
Create auditable accounting workpapers to prove out compliance of newly established procedures

Skills

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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