Sr. Analyst, Financial Controls & Compliance

CarMax Business Services; United States; On-site; USD 83,000 - 125,000; Full time

Benefits offered by this job

Paid sick time

Vacation time

Holiday time

Floating holiday

Holiday Premium Pay

Paid time away

Job summary

CarMax is seeking a Senior Analyst of Financial Controls and Compliance at its Richmond, VA home office. The role maintains the SOX control framework, partners with business teams, and serves as a subject matter expert on the SOX impact of initiatives.

You will coordinate with internal and external auditors, drive remediation plans for control deficiencies, and manage quarterly certifications. A four-year accounting degree is required; CPA/CIA certification preferred, with 4+ years of accounting

Qualifications

• Bachelor’s degree in Accounting required.
• CPA/CIA or equivalent certification preferred.
• 4+ years of general accounting experience.
• Experience with US GAAP, SOX, PCAOB and COSO.
• Strong ITGC knowledge and process improvement experience.

Responsibilities

• Maintain SOX controls and flowcharts in Workiva.
• Support scoping, materiality, and risk assessment for ICFR.
• Coordinate with internal and external auditors for SOX testing.
• Evaluate root causes and remediation plans for deficiencies.
• Advise on SOX impact of initiatives and process changes.
• Coordinate quarterly SOX certifications with senior management.
• Obtain SOC 1 reports and assess implications.

Skills

Accounting

SOX

US GAAP

COSO

ITGC

Communication

Collaboration

Analysis

Education

Bachelor's degree in Accounting

CPA or CIA certification preferred

Tools

Microsoft Excel

Microsoft Word

PowerPoint

Visio

Job description

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238 CarMax, the way your career should be! About this job 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 necessitate 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.

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: $83,000.00 - $124,500.00 May 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.

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 200 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.