My Financial Partner is a subsidiary of Teamshares Inc. (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. Join our team and play a crucial role in driving financial success for our network companies!
Position
As Controller at MFP, you'll provide high-quality financial management for a subset of Teamshares network companies in the Retail Industry. You'll partner with company presidents and employee-owners to ensure robust financial oversight and identify profit improvement opportunities. This hands-on role requires active involvement in the financial operations of small to medium-sized businesses.
Industry Experience and Client Partnership
Broad Industry Knowledge: Experience working with clients in diverse industries is crucial for adapting accounting practices to meet unique operational and regulatory requirements.
Tailored Client Service: Understand and adapt to each client’s unique accounting needs, using industry knowledge to provide personalized insights and solutions. This includes offering specialized advice on tax planning, cost control, inventory optimization, and financial planning relevant to each sector.
Key Responsibilities
Day-to-Day Adaptability and Multi-Tasking: This role requires managing a variety of tasks daily, from client consultations and financial analysis to cash flow monitoring and troubleshooting system issues. A strong ability to pivot between tasks is essential, ensuring responsiveness to client needs and internal deadlines.
Complete Understanding of the Accounting Cycle: Mastery over the full accounting process—from data entry to financial analysis—ensures accuracy and compliance across every stage. Skills in reconciling accounts, journal entries, month-end closings, and reporting are essential for generating accurate financial statements.
System and Process Optimization: Identifying inefficiencies in accounting processes and recommending improvements is crucial. This might involve automating data entry, standardizing reporting practices, and cleaning up chart-of-accounts to provide a more accurate financial picture and improve operational efficiency.
Communication with Leadership: Act as a key advisor to Presidents and other executives, translating complex financial data into actionable insights. Regularly meet with leadership to discuss financial health, budget adherence, and long-term strategic planning.
Cash Flow Management and Advising: Conduct ongoing cash flow analysis to ensure liquidity and provide strategic advice on managing cash reserves, optimizing receivables and payables, and making informed investment decisions.
Lead accounting operations, including AP/AR, GL, inventory accounting, and revenue recognition
Adherence to a Controls Environment: Develop or make recommendations to internal control policies/practices and document business processes as needed Duties
Oversee month-end and year-end close process
Perform balance sheet reconciliations (cash, credit card, A/R, A/P, etc.)
Record fixed assets and depreciation
Record and amortize prepaid expenses
Calculate and record payroll/bonus accruals
Calculate and record revenue/expense accruals as needed
Review income statement accounts for classification and cutoff
Submit TB, variance analysis, and monthly close checklist to OneStream
Develop and maintain 13-week cash flow forecast to identify potential cash flow issues and propose solutions
Book deferred revenue entries and reversals in the accounting system
Review and book income tax entries from Teamshares
Review trial balance regularly and make necessary adjustments
Provide support for quarterly sales tax returns
Make year-end adjustments and prepare worksheets
Assist with inventory adjustments associated with annual physical count
Oversee lead bookkeeping/other related finance functions
Prepare 1099s
Work closely with the company President to prepare a financial forecast for the annual and quarterly strategic planning process
Deliver key financial metrics, identify trends, and provide insights on business performance Requirements
Bachelor’s degree in business, accounting, or related field (CPA preferred)
5+ years of professional accounting experience in the Retail Industry
Experience in small to medium sized business accounting
Experience with building standard costing, analyzing various standard cost variances and understand bill of materials (BOMs).
Experience working for a mid-market accounting firm helpful
Experience working in a start-up environment strongly preferred
Experience with inventory preferred
Experience in operational finance and inventory issues with exposure to both financial and tax (reporting) accounting
Proficiency in QuickBooks Online and POS systems
Working knowledge of US GAAP
Advanced project-management and problem-solving skills
Adaptable, proactive attitude with willingness to “roll up your sleeves”
Tech savvy individual that can problem solve in a remote environment required
This position is remote, occasional travel may be required (once per quarter) Other Systems & Tools
QuickBooks Online
NetSuite ERP
Asana (task and project management)
Microsoft Office Suite (Excel, Word, PowerPoint, Teams)
OneStream (consolidations and reporting)
Bill.com (accounts payable and payments)
Gusto (payroll) Benefits
Medical, Dental, Vision, FSA/HSA
100% paid for employee (and dependents on most plans)
15 days of vacation time to keep you balanced, rested and recharged and paid time off for 12 holidays, 5 sick days, and one floating holiday of your choice
Ongoing support and advice from Teamshares accounting, finance, and small business experts
