Accounting and Finance Rotational Program Analyst

Asbury Automotive • Sandy Springs, GA

1d

About The Position

This position is part of a rotational program within the Accounting and Finance departments. The program offers exposure to various functions including Corporate Audit, Fixed Assets Accounting, Financial Reporting, Corporate Treasury, Financial Planning & Analysis, Dealership Support Services (DSS) General Accounting, and Dealership Accounting. The goal is to provide a comprehensive understanding of Asbury's financial operations and develop future leaders within the organization. Rotational analysts will interact with various levels of management, including Senior and Executive Management.

Requirements

• Undergraduate degree in Accounting or Finance or a Master’s degree in Accounting or Finance with a different undergraduate degree.

Responsibilities

• Perform audits of processes and controls at dealerships and corporate locations in accordance with GAAP, laws, regulations, and company policies.
• Assist in conducting audits and SOX testing, and support External Auditors.
• Document and evaluate the design and effectiveness of Key SOX Controls.
• Complete Audit Workpapers in accordance with Internal Audit Department Standards.
• Assist with the development and publication of Internal Audit Department Reporting.
• Become knowledgeable of Asbury Corporate functions and the automotive industry.
• Assist with executing EY Corporate Walkthroughs and documentation.
• Execute Corporate Audit Program audit steps across all Corporate functional areas.
• Develop effective relationships with Asbury Executive Management, Department Heads and team members.
• Maintain the fixed asset register, ensuring all acquisitions, transfers, and disposals are accurately recorded.
• Monitor asset additions and disposals to ensure compliance with company policies and accounting standards.
• Calculate and record depreciation and amortization schedules in alignment with applicable accounting standards.
• Analyze the impact of depreciation and amortization on financial statements.
• Update asset valuations and useful life estimates as needed.
• Prepare and reconcile fixed asset schedules for financial reporting purposes.
• Assist with month-end and year-end close processes, ensuring accuracy in fixed asset reporting.
• Collaborate with auditors during financial audits, providing required documentation and explanations.
• Develop and maintain fixed asset management policies and procedures.
• Ensure compliance with GAAP.
• Stay informed of changes in accounting standards that impact fixed assets.
• Manage the disposal or retirement of fixed assets, ensuring proper documentation and financial accounting.
• Analyze gain or loss on asset disposals and reflect in financial statements.
• Assist in the preparation of quarterly and annual SEC filings and related earnings releases, including preparation and review of supporting work papers.
• Assist in the preparation of all transaction-related SEC reporting requirements (8-K, debt offerings, equity offerings, etc.).
• Assist in researching and documenting the Company’s position on technical accounting matters.
• Assist with the accounting for acquisitions and divestitures.
• Assist in the support of Asbury’s company-wide SOX program and the coordination with Internal Audit and our external auditors.
• Support quarterly reviews and the annual audit by our external audit firm.
• Assist with equity, stock compensation, lease accounting, and interest rate swaps and other accounting matters.
• Assist with the annual impairment testing of the Company’s goodwill and franchise rights intangible assets.
• Prepare work papers supporting key monthly close processes and analyses.
• Analyze daily and forward-looking cash balances and liquidity calculations.
• Analyze monthly changes in merchant banking fee activities highlighting key drivers in expenses versus budget.
• Summarize quarterly peer performance and compare versus prior quarter/year.
• Analyze monthly performance trends of the business, providing input into the monthly Asbury Financial Forecast process.
• Participate in ad hoc analysis of store level operational performance.
• Ensure all general accounting transactions are processed timely, reconciliations and daily postings remain within Sarbanes Oxley (SOX) requirements.
• Maintain a high level of customer service with Asbury’s dealerships and customers.
• Work on efficiency gains utilizing current technology advancements.
• Ensure general accounting daily processing meets deadlines.
• Execute processes to ensure compliance with SOX controls.
• Process transactions timely, accurately, and in accordance with Company standards and policies.
• Work with External Auditors and Internal Audit to fulfill audit requests.
• Execute bank entry postings, including vehicle receivables schedules.
• Execute floor plan payoffs and flooring of vehicles received.
• Execute finance reserve postings and ensure proper account classification.
• Execute DSS’s role in F&I cancellations and postings in a timely manner.
• Prepare journal entries accurately and in a timely manner.
• Process manufacturer payments through manufacturer website where applicable.
• Accrue floorplan interest for all dealerships, including loaner vehicles where applicable.

Benefits

• Weekly pay
• Paid holidays
• Paid time off
• Paid training
• Stock Awards (select management and front-line team members eligible)
• Medical insurance
• Vision insurance
• Dental insurance
• Accident insurance
• Critical illness insurance
• Hospital indemnity plans
• Up to 12 weeks paid pregnancy leave (disability leave)
• Paid Parental Leave
• Health savings
• Flex spending accounts (tax-free)
• Short-term disability plans
• Long-term disability plans
• Life Insurance (Whole Life and Term)
• 401k with company match
• Pet Insurance
• Digital career path tool to assist with career development
• Continuous training through Asbury's Internal Learning Management System
• Professional growth and development opportunities
• Technician Student loan relief resources
• Employee assistance program
• Employee discounts on parts and service repairs
• Scholarship awards
• Opportunities to join our community service initiatives, which includes paid volunteer hours
• Employee referral program with bonus opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level