Full Cycle Accountant, Teamshares
$60-70k
Creating employee-owned small businesses
Job no longer available
Creating employee-owned small businesses
101-200 employees
Job no longer available
$60-70k
101-200 employees
Company mission
Teamshares is on a mission to put $10 billion of wealth in the hands of hardworking Americans.
Role
Who you are
- Degree in Accounting, Finance, or related field
- 3+ years of accounting and/or full charge bookkeeping experience
- Working knowledge of accrual basis accounting and payroll requirements
- Experience with QuickBooks Online and other cloud-based accounting automation tools
- Proficiency with Microsoft365 suite of products
- Excellent communication and time management skills
- Ability to multi-task and prioritize work
- Critical thinker capable of initiating process improvements and problem-solving
- Flexibility to manage multiple tasks and shift between priorities
- Ability to work independently as a condition of remote based work
- Enthusiastic, inquisitive and desire to learn a broad range of topics
- A creative mindset with an ability to suggest improvements
What the job involves
- My Financial Partner is a subsidiary of Teamshares (a national, for-profit company helping American small businesses become employee owned
- We bring the resources of big business to small business, starting with stock ownership)
- My Financial Partner (MFP) supports these multiple network companies with a team of experienced accounting professionals, delivering fractional accounting resources
- 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
- Processes online payroll and records transactions in proper ledger accounts
- Files sales and property tax as needed
- Perform other accounting tasks as needed by individual clients
- Diligently and accurately record time spent on multiple client engagements for budgeting and billing purposes
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. Additionally, in 2024 it announced a cumulative $225 million in debt financing, which will support further scaling efforts and accelerate 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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