Analyst II , Corporate Finance

CarMax; Richmond (VA); On-site; USD 67,000 - 100,000; Full time

Benefits offered by this job

Bonus potential

Equity

Job summary

CarMax is seeking a Corporate Finance Analyst II to support the Corporate Treasury team with debt reporting, hedging and real estate financing analysis. The role focuses on forecasting cash flows, maintaining securitization programs, and providing analytical support to internal and external partners.

The ideal candidate holds a four-year degree in finance or related fields and is proficient with MS Office. This on-site position is based in Richmond, VA and offers full-time employment with

Qualifications

• Four-year college degree in Finance, Accounting, Business, or Economics, or equivalent relevant work experience.
• Strong analytical and diagnostic skills with attention to detail.
• Excellent verbal and written communication abilities.

Responsibilities

• Assist in ongoing reporting and administration of debt programs.
• Prepare monthly reporting for banks and investors and coordinate monthly settlement activity.
• Identify reporting issues and partner across the organization to resolve them.
• Support regulatory filings with management and legal counsel.
• Develop accounting schedules for securitization programs and assist in debt financing analysis.

Skills

Analytical thinking

Organizational skills

Customer focus

Communication skills

Education

Bachelor’s degree in Finance/Accounting/Business/Economics

Tools

Microsoft Office

Job description

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238CarMax, the way your career should be!The Corporate Finance Analyst II is responsible for analysis and transaction reporting within the Corporate Treasury team at CarMax. Ongoing responsibilities are expected to include reporting on the Company’s financing transactions (which include over $18 billion of outstanding debt), supporting the interest rate hedging program, engaging in financial analysis of real estate transactions and debt financings,as well as financial modeling to forecast future Company cashflows and financial position. The Analyst II partners with various internal and external business partners, including banks, lawyers, accountants, auditors, and trustees.What You Will Do – Essential ResponsibilitiesAssist in ongoing reporting and administration of debt programs:Administer required daily cash flows related to CarMax Auto Finance’s $17+ billion securitized debt portfolioPrepare monthly reporting for banks and investors and help coordinate monthly settlement activityIdentify and investigate reporting issues and errors and partner across the organization to resolve as necessarySupport ongoing regulatory filings; coordinate filings with executive management and legal counselConduct and track funding requests and perform analysis of available funding alternativesUpdate, monitor, and analyze portfolio performance statistics; create new reports as necessaryOversee various legal compliance requirements, partnering with internal and external business partnersIndependently create accounting entries and conduct account reconciliations for financing activity, researching variances and partnering with internal and external partners to obtain support and resolve issuesDevelop and maintain various accounting schedules related to securitization programsDevelop an understanding of and assist in the administration of the CarMax interest rate hedging programsPrepare materials for the quarterly meetings of the CarMax Plan Asset Committee, which oversees the investments of the various CarMax retirement benefit programsDevelop an understanding of and assist in analysis related to the debt financing of CarMaxEvaluate real estate lease obligations and participate in future planning related to financing growth initiativesQualifications and RequirementsThe requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Strong analytical and diagnostic skills with attention to detailHigh level of organization, responsibility, and dependabilityCustomer focus and ownership; displays initiative and a proactive approach to work; ability to complete tasks in a timely manner while managing multiple prioritiesEffective and professional customer service skillsExcellent verbal and written communication skills; ability to communicate clearly at all levels of the organizationFour-year college degree in Finance, Accounting, Business, or Economics, or equivalent relevant work experience requiredStrong competency with Microsoft Office (Excel, Word, and Outlook)Knowledge of general ledger accounting preferred; prior Oracle experience helpful but not requiredPrior Workiva (SEC filing application) experience helpful but not requiredWork Location and Arrangement: This role will be based out of the CarMax Home Office in Richmond, VA and Associates will work onsite 4 days per week.Work Authorization: Applicants must be currently authorized to work in the United States on a full-time basis. Sponsorship will not be considered for this specific role.About CarMaxCarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinking around the way cars are bought and sold has helped us become the nation’s largest retailer of used cars, with over 250 locations nationwide.Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community. We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For.Our Commitment to Diversity and Inclusion:CarMax is committed to bringing together people from different backgrounds and perspectives, providing employees with a safe, welcoming, and inclusive work environment.CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.The annual salary for this position is:$66,600.00 - $99,900.00May be eligible for bonus and equity.Benefits:Except as otherwise required by state law, CarMax Associates are entitled to the following paid sick, vacation, and holiday time.Associates that are considered full-time hourly or commission/incentive eligible:To earn up to 48 hours of sick time per year accrued on a per pay period basis and between 80 hours and 200 hours per year of vacation time after a 90 day waiting period depending on years of continuous service with the Company.For 8 hours of pay for each of a total of 6 paid scheduled holidays per year plus 1 floating holiday. If such an Associate does work on a scheduled holiday due to business need, they are eligible for Holiday Premium Pay.Associates considered full-time salaried are entitled to paid time away with no specified limit as needed for sick, vacation, bereavement, jury duty, holidays, floating holiday, etc. subject to manager approval.For more details about benefits, please visit our CarMax Benefits website.Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.