Manager, Accounting Operations Compliance

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

CarMax, the way your career should be! 

About this job

CarMax is seeking a Manager to serve as a subject matter expert in operational accounting and compliance.  This role will be a leader in developing and maintaining complex accounting and reporting processes within Accounting Operations (e.g., Accounts Payable, Accounts Receivable, Payroll).  Those processes include reconciliation of general ledger accounts, operational support activities, researching & implementing compliance procedures with adherence to various federal, state & local laws as well as company polices & SOX Controls.   The CarMax Accounting team operates in a collaborative environment with uncompromising integrity and accountability, all while supporting company growth through collective expertise, cross-functional partnerships and a mindset focused on continuous improvement.  To be successful in this role, ideal candidates will have a drive to help customers by being empowered to make a difference through strategic thinking, innovation, the development of their team, and strong analytical skills.

What you will do – Essential Responsibilities

As a Manager, Accounting Operations Compliance, you will be responsible for:

• Develop, implement, and maintain scalable end-to-end procure to pay (P2P) and order to cash (O2C) processes & solutions with a focus on ensuring accounting accuracy, completeness, and adherence to SOX Controls.
• Understand internal control design concepts sufficient to assess the effectiveness of Accounting Operations controls and to design new processes and controls for emerging and growing business activities.
• Recognize escalation trends, identify underlying defects, and root causes; provide recommendations for corrective actions.
• Leverage data from numerous databases and internal tools (using Excel, SQL, Oracle, or other data management systems) to perform accounting reporting and analysis.
• Collaborate with the team and business partners to identify, design, implement, and train Accounting Operations associates & business owners on accounting policies & processes to generate greater efficiency & effectiveness all in accordance with Generally Accepted Accounting Principles (GAAP).
• Oversee and support, in preparation of consolidated financial statements, various accounting activities, including month end close journal entries, account reconciliations, and balance sheet fluctuation explanations.
• Lead and participate as a subject matter expert in projects that span across departments and/or the company to meet business goals; challenge the status quo and find innovative solutions to enhance the business while implementing best in class Accounting Operations processes, designing new account coding, and updating existing accounting policies all in accordance with GAAP.
• Assist the Accounting Operations Senior Leaders with staff communications, issue resolution, and operational goal setting, while maintaining fiduciary duties.

Qualifications and requirements:

• Good listener – weighs input from multiple perspectives when forming opinions and recommendations
• Guide the team to reach solution to complex problems
• Strong sense of ownership for their work area
• Build and maintains relationships across the organization
• Able to easily motivate and inspire team members, peers, stakeholders, and senior leadership
• Flexible and open-minded; proactively seeks input from others
• Analytical; solves problems at root cause and prioritizes effectively
• Promotes a customer-focused team, balancing business needs with speed-to-delivery
• Willing to challenge upwards appropriately in the best interest of CarMax
• Passionate for innovation and process improvement
• Prioritize competing responsibilities appropriately
• Empower and challenge team members of all skill levels to reach their full potential
• Ability to explain complex concepts and communicate business insights to team members, peers, stakeholders, and senior leadership with similar and different business backgrounds
• Ability to travel as needed
• Must be able to sit onsite, as requested, at CarMax’s Home Office in Richmond, Virginia

Internal candidates: Successful completion of MDP required

Education and/or Experience:

• Bachelor’s Degree in Accounting, Finance preferred, or equivalent experience required
• 5+ years of experience in Accounts Payable, Accounts Receivable, a multi-state payroll environment, and/or Internal Controls/Accounting Compliance, or equivalent experience required