General Ledger Accountant, Teamshares
$70-75k
Creating employee-owned small businesses
Be an early applicant
Creating employee-owned small businesses
101-200 employees
Be an early applicant
$70-75k
101-200 employees
Company mission
To put $10 billion of wealth in the hands of hardworking Americans.
Role
Who you are
- Must be located in ET or CT time zones
- Bachelor’s degree in Accounting, Finance, or related field
- 4+ years of progressive accounting experience with hands-on involvement in month-end close, including journal entries, accruals, prepaids, and balance sheet reconciliations
- Experience working in a team-based or shared services accounting environment, collaborating with or reporting to an Accounting Manager or Controller
- Strong working knowledge of accrual basis accounting, including payroll-related entries and adjustments
- Experience with QuickBooks Online and/or other cloud-based accounting systems (e.g., NetSuite, Intacct)
- Willingness to support hands-on AP/AR and transactional work as part of a growing and evolving accounting function
- Ability to work independently in a remote environment while maintaining strong communication and accountability
- Critical thinker with a track record of identifying and implementing process improvements, particularly within close cycles or financial reporting
- Proficiency with Microsoft 365 (Excel, Outlook, Teams), including ability to manage and analyze data
- Strong organizational skills with the ability to manage multiple clients, deadlines, and priorities simultaneously
- Excellent communication skills with the ability to explain financial information clearly to non-financial stakeholders
- Adaptable, detail-oriented, and intellectually curious with a desire to learn and grow across a variety of industries
What the job involves
- My Financial Partner (MFP) brings the financial tools and support of large-scale businesses to small companies
- At MFP, our experienced team of accounting professionals delivers high-quality, fractional accounting support to a growing network of small companies, all owned by Teamshares Inc., the largest acquirer of small businesses in the US. As part of this dynamic group of companies, you’ll have the opportunity to make a real impact in the lives of small business owners and employees across the country
- Responsible for recording financial transactions in the accounting systems for multiple client companies
- Posts customer payments and maintains an up-to-date accounts receivable aging report, as necessary
- Records vendor invoices in client’s accounting system, uses accounting judgement to code expenses to proper ledger accounts, obtains authorization to pay, and schedules payments in automated payable system
- Reconciles bank records to the general ledger accounts, reconciles cash accounts
- Processes online payroll and records transactions in proper ledger accounts
- Prepare and reconcile fixed assets, preliminary review of capitalization adjustments
- Perform other accounting tasks as needed by individual clients or associated controller on client
- Review trial balance pre-close, and post close after all entries are posted, and raise anomalies to controlling for analysis
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.
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