Financial Due Diligence Lead, Teamshares
+ Equity
Creating employee-owned small businesses
Job no longer available
Creating employee-owned small businesses
101-200 employees
Job no longer available
+ Equity
101-200 employees
Company mission
To put $10 billion of wealth in the hands of hardworking Americans.
Role
Who you are
- 4+ years of financial due diligence and buy-side transaction experience, with a minimum of 2-3 years specifically in financial due diligence roles (accounting advisory, private equity, or transaction advisory)
- Demonstrated expertise in financial accounting, tax accounting (reporting), and business valuation as it applies to small to mid-market acquisitions
- Proven experience with quality-of-earnings analysis, normalization adjustments, and working capital assessments
- CPA, CA, or CFA certification (strongly preferred)
- Experience working for a premier or Big 4 accounting firm (strongly preferred)
- Demonstrated capabilities in evaluating and analyzing small to medium-sized businesses across multiple industries
- Strong interest in and passion for empowering employee ownership in small businesses
- Entrepreneurial, self-starter mentality, excelling in both team-based and self-directed environments
- Highly motivated and able to manage multiple diligence engagements simultaneously while meeting tight deadlines
- Exceptional verbal, written, and interpersonal communication skills with ability to explain complex financial concepts clearly to non-financial stakeholders
- Strong analytical, organizational, and leadership skills with attention to quality and accuracy
- Proficient in Microsoft Excel (advanced) and other presentation tools; comfortable learning new financial software
- Self-directed and able to take initiative and ownership of diligence workstreams and lead components of engagements independently
- Detail-oriented with high standards for accuracy and thoroughness in financial analysis
What the job involves
- The Financial Diligence Lead is a manager-level member of our Transaction team's Financial Due Diligence department. You will lead and execute comprehensive financial due diligence reviews for potential acquisitions aligned with Teamshares' core investment thesis
- You will play a critical role in evaluating financial viability of small businesses, developing deep financial insights, and supporting investment decision-making from initial diligence through transaction execution
- Lead and execute financial due diligence reviews for potential acquisitions, conducting comprehensive analysis of financial statements, accounting practices, tax positions, and historical performance to assess financial viability and identify risks and opportunities
- Develop sophisticated financial analyses and pro forma financial models (income statement, balance sheet, free cash flows, sensitivity analyses, and scenarios) to support acquisition thesis development
- Perform detailed quality-of-revenue and quality-of-earnings analysis, including identification of one-time items, normalization adjustments, and sustainable earnings capacity
- Analyze working capital requirements, cash conversion cycles, and capital expenditure needs based on historical trends and projections
- Lead financial accounting and tax due diligence workstreams, including review of GAAP compliance, contingent liabilities, tax compliance, and carve-out accounting issues for addon acquisitions
- Develop and present financial and operational insights into each opportunity based on detailed financial data analysis, assessment of accounting processes and controls, and strategic fit with our investment thesis
- Work closely with legal, tax, and operational teams to gather relevant information, resolve financial diligence findings, and ensure a holistic approach to due diligence across all functional areas
- Prepare comprehensive due diligence reports, financial models, and workbooks outlining key findings, material risks, accounting and tax issues, and opportunities; present findings to the investment committee and leadership in a clear and concise manner
- Maintain exceptional attention to detail to ensure all work is free of errors and meets the highest standards of financial analysis quality
- Collaborate with the technology team to translate due diligence learnings and key financial insights into actionable software improvements that enhance due diligence efficiency
Our take
Small, local businesses often live and die with the careers of their founders. Few of these business are bought when founders retire, leaving holes in communities and owners without the retirement payout they deserve. That’s where Teamshares steps in, by buying small business as their owners retire, and then returning them to employee ownership.
Teamshares has developed its own software that not only assists with the employee buyout transaction, but also covers general operations, financial advice and assistance as the employees gain ownership of the companies. It’s a model that puts long-standing workers first - an approach that has gained the company plenty of positive attention.
Teamshares has certainly found its niche by supporting participatory capitalism, in which companies can continue operations owned by those with the greatest interest and know-how to do so. So far, it has brought employee ownership to more than 80 small businesses, creating over 2000 new employee-owners. It has also raised financing that supports further scaling efforts and accelerated product development.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
31% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2023
$124m
SERIES D
Nov 2021
$90m
SERIES C
Total funding: $220.3m
Company benefits
- Remote-first
- Location-independent salary
- Comprehensive health coverage, 100% paid for by Teamshares
- Parental leave - 3 months for partners, +3 additional months for a delivering parent
- Retreats & offsites - We come together twice a year at great locations
- Building Wednesday - No internal meetings on Wednesdays so you can focus on deep work
- Remote office stipend
Company HQ
Brooklyn Heights, NY
Leadership
Michael Brown
(Co-founder)Previously worked as an Investment Banker Analyst and Research Associate in Areospace and Defence at Morgan Stanley. They were also a Director at Perella Weinberg Partners, and are still employed as a Director at All Type Electric, and Partner at Coles Bay Group.
Alex Eu
(Co-founder)Alongside Teamshares, they are a Director at All Type Electric, a Partner at Coles Bay Group and a Part Owner of Libero Sports. They were previously Co-president of Multin Electric and a member of the Investment Team at TCG.
Share this job
View 2 more jobs at Teamshares