Assistant Controller

Michaels Stores; Irving (TX); On-site; USD 160,000 - 210,000; Full time

Benefits offered by this job

401(k) with employer match

Medical, dental, and vision coverage

Telemedicine services

Employee discounts

Tuition assistance

Job summary

The Michaels Companies, Inc. in Irving, TX, seeks an Assistant Controller to direct external and internal financial reporting and Corporate Accounting functions.

You will ensure SEC and US GAAP compliance, oversee monthly close, manage general ledger integrity, and serve as SME on technical accounting issues for Michaels.

Lead a high‑performing team, partner with auditors, and prepare materials for the Audit Committee while driving process improvements and automation.

Qualifications

• Bachelors or Masters degree in Accounting.
• CPA required.
• Minimum 12 years of experience with technical GAAP accounting.
• Public accounting experience required.
• Experience managing a team of >5.
• Retail experience preferred.
• Minimum 7 years of SEC reporting experience.
• Proficient in Excel.
• Strong knowledge of financial statements, internal controls, SOX, US GAAP.
• Essbase experience, Oracle experience preferred.
• Excellent oral and written communication skills.
• Experience with SEC filing systems (Workiva, Active Disclosure, etc)

Responsibilities

• Provide strategic leadership and oversight of financial reporting and corporate accounting functions.
• Direct preparation and review of timely, accurate Quarterly and Annual Reports, including SEC filings.
• Lead and optimize the monthly close process, ensuring accuracy and efficiency.
• Maintain integrity of the general ledger across cost centers and accounts.
• Lead equity accounting operations and ensure compliance with standards.
• Oversee lease accounting and fixed asset management.
• Conduct technical accounting research and advise senior leadership.
• Serve as liaison with external auditors and support audit readiness.
• Prepare materials for the Audit Committee with clarity and insight.
• Lead monthly internal reporting to deliver actionable financial insights.
• Collaborate with cross-functional teams on strategic initiatives and accounting implications.
• Work with Internal Audit to strengthen controls and risk mitigation.
• Analyze variances and trends to inform forecasting.
• Coach and develop a high-performing team, fostering collaboration.
• Adapt financial reporting practices to regulatory changes and business operations.
• Identify automation and process improvement opportunities.
• Perform other strategic duties as assigned.

Skills

Strong communication skills

Excel proficiency

SOX knowledge

US GAAP knowledge

Education

Bachelor's or Master's degree in Accounting

CPA

Tools

Essbase

Oracle

Workiva

Active Disclosure

Job description

Support Center - Irving

The Assistant Controller will be responsible for directing all Michaels external and internal financial reporting processes and Corporate Accounting functions. This position ensures compliance with SEC and US GAAP rules, and filing financial statements for equity holders, lenders, and internal parties. This position also directs and oversees the monthly close process including all significant accruals and accounting for non-recurring transactions. They will serve as the subject matter expert for all technical accounting issues/positions for Michaels.

Major Activities

• Provide strategic leadership and oversight of the Company’s financial reporting and corporate accounting functions, ensuring alignment with organizational goals and regulatory requirements.
• Direct the preparation and review of timely, accurate, and compliant Quarterly and Annual Reports, including SEC filings and other external disclosures.
• Lead and optimize the monthly close process, driving cross-functional coordination and continuous improvement in accuracy and efficiency.
• Manage and maintain the integrity of the general ledger structure, ensuring consistency and completeness of financial data across cost centers and accounts.
• Lead equity accounting operations, ensuring accurate reporting and compliance with relevant standards.
• Oversee lease accounting and fixed asset management, including owned property, in accordance with applicable accounting standards.
• Conduct and communicate technical accounting research and analysis, advising senior leadership on emerging accounting issues and their implications.
• Serve as the primary liaison with external auditors, fostering transparent and collaborative relationships to support audit readiness and compliance.
• Support the preparation of materials for the Audit Committee, ensuring clarity, relevance, and strategic insight.
• Lead monthly internal reporting activities, ensuring timely delivery of actionable financial insights to business leaders.
• Partner with cross-functional teams on strategic initiatives, ensuring accounting implications are appropriately addressed and integrated into business processes.
• Collaborate with Internal Audit to design and maintain robust financial controls and risk mitigation strategies.
• Analyze financial variances, trends, and root causes to inform strategic decisions and enhance forecasting accuracy.
• Champion a culture of innovation and continuous improvement by coaching and developing a high-performing team, fostering collaboration and problem-solving.
• Evaluate changes in business operations, systems, and regulatory environments to proactively adapt financial reporting and accounting practices.
• Identify and lead automation and process improvement initiatives to enhance efficiency, accuracy, and scalability.
• Perform other strategic duties as assigned to support the evolving needs of the organization.

Preferred Education/Experience

• Bachelors or Masters Degree in Accounting
• CPA required

Minimum Type Of Experience Required

• Minimum of 12 years of experience, including technical GAAP accounting experience
• Public accounting experience required
• Experience managing a team of >5
• Retail experience preferred
• Minimum 7 years of SEC reporting experience
• Proficient in Excel
• Strong knowledge of financial statements, internal controls, SOX, US GAAP.
• Essbase experience, Oracle experience preferred
• Excellent oral and written communication skills.
• Experience with SEC filing systems (Workiva, Active Disclosure, etc)

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.comandMichaels.ca.The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visitwww.michaels.com.

Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

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