Sr. Analyst, Financial Reporting

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238

CarMax, the way your career should be! 

About this job

The Financial Reporting Senior Analyst will play an active role in the Company's SEC reporting and U.S. GAAP compliance processes. This position will be responsible for preparing and reviewing financial information, analyzing and reporting on financial results, evaluating accounting policies and serving as a resource to assist in interpreting and providing solutions to technical accounting and business issues. The position will report to the Financial Reporting Senior Manager and will work closely with the company's Corporate Accounting, Investor Relations, Legal, Accounting Policy, Treasury, Tax, and Internal Audit departments, as well as other management and external auditors. 

What you will do – Essential Responsibilities

• Prepare monthly, quarterly and annual financial statements, quarterly and annual earnings releases and SEC filings and annual proxy statement with limited guidance from management

• Prepare and review various monthly and quarterly financial schedules, analyses, reconciliations and journal entries with limited guidance from management

• Participate in and/or lead special projects (e.g. new financial reporting regulations, implementation of new accounting standards and/or systems) and meetings.  Serve as a functional expert in SEC and external reporting requirements for special projects and accounting initiatives. 

• Review work performed by other analyst(s) within the department

• Identify and research technical accounting issues or developments, and provide necessary guidance to management or other departments

• Support the external audit process, including preparation of client-prepared schedules for quarterly reviews, annual audit and SOX 404 testing, as well as maintenance of financial reporting process documentation

Purpose of the role

This position will be responsible for preparing and reviewing financial information, analyzing and reporting on financial results, evaluating accounting policies and serving as a resource to assist in interpreting and providing solutions to technical accounting and business issues.  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 multi-task and complete tasks in a timely manner while balancing priorities and managing interruptions
• Ability to motivate and lead others, including gaining buy-in and driving team engagement
• Ability to apply business and technical knowledge to produce results and make recommendations
• Ability to independently own problem analysis, determine possible solutions (with risks and rewards identified) and present to management
• Ability to use own experience to train, develop and mentor other associates
• Ability to motivate and influence across multiple levels of the organization and willing to challenge upwards appropriately
• Ability to provide “win-win” solutions while resolving customer service issues in a positive and professional manner
• Ability to build and maintain strong relationships throughout the organization

Work Location and Arrangement: This role will be based out of the CarMax Home Office in Richmond, VA and have a Hybrid work arrangement

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.

Qualifications and Requirements

• Four year degree in Accounting and/or Finance required
• CPA required
• Four or more years of general accounting experience in public accounting and/or corporate financial reporting with significant exposure to SEC reporting requirements
• Strong accounting skills including knowledge of generally accepted accounting principles (GAAP), SEC reporting requirements and XBRL
• Experience with lease accounting (ASC 842) requirements preferred
• Previous experience preparing and/or analyzing financial statements
• Previous experience drafting and/or reviewing notes to financial statements and other supplementary information (i.e., Management’s Discussion & Analysis [MD&A], exhibits, etc.)
• Previous experience with XBRL taxonomy and tagging of financial statements and notes preferred
• Previous project management experience preferred
• Ability to communicate in a clear and open manner through verbal, written, and non-verbal methods
• Requires mathematical skills that would be gained from a typical undergraduate accounting curriculum.
• Computer skills: Microsoft