Sr. Analyst, Financial Controls & Compliance

CarMax; Richmond (VA); On-site; USD 95,000 - 125,000; Full time

Benefits offered by this job

Onsite 4 days a week in Richmond

Job summary

CarMax seeks a Senior Analyst of Financial Controls and Compliance to maintain SOX compliance and support accounting-related compliance at the Richmond, VA home office. You will partner with business teams, auditors, and control owners to operate and improve controls and documentation.

You will manage scoping, materiality, risk assessment, and remediation tracking, while communicating complex concepts clearly to stakeholders and ensuring timely certifications and reporting.

Qualifications

• Bachelor’s degree in Accounting or related field required.
• CPA, CIA or equivalent certification preferred.
• Four or more years of general accounting experience required; public accounting preferred.
• Experience with US GAAP, Sarbanes Oxley, PCAOB requirements and COSO framework.

Responsibilities

• Maintain the Company’s suite of SOX controls and flowcharts within Workiva.
• Support scoping, materiality, and risk assessment related to ICFR.
• Work with internal and external auditors on SOX control testing.
• Evaluate root causes of deficiencies and track remediation plans.
• Advise on SOX impact of initiatives and process changes.
• Coordinate quarterly Section 302/906 certifications with senior management.
• Obtain SOC 1 reports and assess implications for internal controls.

Skills

Communication

Problem solving

Collaboration

Work prioritization

Education

Bachelor’s degree in Accounting

Tools

Microsoft Excel

PowerPoint

Visio

Word

Job description

CarMax’s Financial Controls and Compliance function is responsible for maintaining the Company’s Sarbanes Oxley compliance program and supporting other accounting related compliance requirements. The Senior Analyst of Financial Controls and Compliance will perform the daily operations required for CarMax to maintain SOX compliance while serving as a subject matter expert to determine SOX impact of business-driven initiatives. This will necessate obtaining a broad understanding of the company’s functions and business segments and require foundational knowledge of Sarbanes Oxley best practices. Communication, collaboration and analysis and decision-making skills will be instrumental in the success of this role.

What you will do – Essential Responsibilities

• Maintain the Company’s suite of key and non-key SOX controls and flowcharts within the Workiva system, including the execution of periodic reviews with control owners.
• Support the ongoing scoping, materiality, and risk assessment related to the company’s internal control over financial reporting.
• Work closely with the company’s internal and external auditors to support the successful completion of SOX control testing procedures.
• Evaluate the root cause and financial statement impact of SOX control deficiencies, partnering with the business to develop and track execution of a management remediation plan.
• Serve as a subject matter expert to assist the business in determining the SOX impact of business-driven initiatives and/or proposed process improvements.
• Coordinate and monitor completion of the quarterly SOX section 302/906 certifications with Senior Management
• Obtain annual SOC 1 internal control reports from the relevant service providers and assess implication on the company’s internal controls and ability to rely on third-party information.

Purpose of the role

This position will be responsible for partnering heavily with the business to assist in the design, operation and maintenance of the Company’s SOX controls. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. This includes, but is not limited to:

• Ability to build and maintain strong relationships throughout the organization, and collaborate with other departments and teams.
• Ability to apply business and technical knowledge to implement changes and enhance processes, including the ability to apply that knowledge to solve problems at the root cause
• Ability to manage multiple projects and meet deadlines within project parameters.
• Ability to provide “win-win” solutions while resolving customer service issues in a positive and professional manner.
• Ability to communicate effectively, tailoring message to the audience.

Qualifications and Requirements

• Bachelor’s degree from a four-year college or university required, with a concentration in Accounting preferred
• CPA, CIA or equivalent certification preferred
• Four or more years of general accounting experience required; Public accounting experience preferred
• Previous experience with US GAAP, Sarbanes Oxley, PCAOB requirements, and COSO Framework required
• Working knowledge and experience with Information Technology General Controls (ITGC) preferred
• Experience with process improvement and change management preferred
• Ability to communicate in a clear and open manner through verbal, written, and non-verbal methods
• Computer skills: Microsoft Office (Excel and Word, PowerPoint, Visio)

Work 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 CarMax

CarMax 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 characteris