Consolidations and Reporting Senior Associate, Teamshares
Creating employee-owned small businesses
Be an early applicant
Creating employee-owned small businesses
101-200 employees
Be an early applicant
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
- Have a bachelor’s degree in Accounting or Finance, or extensive work experience in these areas
- Have 4-7 years of progressive experience at a Big 4 accounting firm and/or in a financial reporting role at a public company
- CPA license preferred but not required
- Familiarity with reporting tools and financial systems such as OneStream and NetSuite
- Strong knowledge of accounting standards and disclosure requirements under US GAAP and SEC regulations
- Have experience with preparation of 10-Ks and 10-Qs
- Experience with the preparation and consolidation of intercompany transactions across multiple subsidiaries, ensuring accurate eliminations
- Excellent attention to detail with the ability to self-review work
- Demonstrate excellent written and verbal communication skills, with the ability to explain complex accounting concepts to non-accounting stakeholders
- A problem-solving mindset, with the ability to work independently and propose solutions or alternatives in the face of ambiguity
- Curiosity and motivation to learn, grow, and develop knowledge in unfamiliar areas
- Ability to work effectively in a fast-paced environment, including strong prioritization and time management skills and adaptability
What the job involves
- We are looking for a Senior Associate, Reporting & Consolidations to help grow the complex financial analysis and reporting process for Teamshares and for the small businesses we support
- This role will undertake an overhaul of our current processes and build out more robust reporting in line with public SEC regulations
- Prepare financial statements, footnotes, and supporting schedules, ensuring accuracy and compliance with US GAAP
- Support the build-out of financial statements and related disclosures, as well as investor reporting materials
- Conduct disclosure benchmarking against industry peers to support management’s disclosure objectives while maintaining compliance requirements
- Support the Financial Reporting team in preparing consolidated financial statements, including intercompany eliminations, reconciliations, and analysis to ensure accuracy and compliance with U.S. GAAP requirements
- Perform foreign currency translation and remeasurement for international subsidiaries, ensuring proper consolidation of results and compliance with ASC 830 and SEC reporting standards
- Assist in the calculation and review of non-controlling interest within consolidated financial statements to ensure accurate presentation and compliance with U.S. GAAP reporting requirement
- Collaborate with external auditors to facilitate quarterly reviews, annual audits, and technical accounting assessments
- Contribute to continuous improvement initiatives aimed at enhancing financial reporting processes, internal controls, and automation
- Monitor the issuance of new FASB pronouncements, advise about changes in reporting requirements and the best approach for implementation
- Assist with technical accounting research and analysis on non-recurring and complex transactionsCollaborate effectively with internal stakeholders, including finance, capital markets, tax, legal, and FP&A
- Contribute to special projects or ad hoc tasks as needed
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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