Senior Accountant - Payroll & Benefits

Best Buy • Richfield, MN

20h • Hybrid

About The Position

As a Finance Senior Analyst, you’ll provide accounting support for Best Buy’s Compensation and Benefits teams. You’ll be responsible for accruals, reserves, and other accounting needs for self-insured group benefits and Short-Term Incentive (STI) bonus initiatives. You’ll collaborate with Financial Planning & Analysis, the Compensation Team, benefit plan administrators, External Reporting, and external auditors. The role is hybrid, with some days on site at the Best Buy location listed in the posting and some days working virtually from home or another non-Best Buy location. Specific arrangements vary by role and team and will be discussed during the hiring process.

Best Buy describes its purpose as enriching lives through technology and its culture as one that supports and values employees, with opportunities to bring one’s authentic self to work. The company is an equal opportunity employer.

Requirements

• At least 2 years of work experience in an accounting capacity.
• Intermediate proficiency in Excel.

Nice To Haves

• Bachelor’s degree or equivalent in accounting or a related field.
• 4 years of experience in accounting or a related field.
• Experience researching and applying U.S. GAAP within a large, complex organization.
• Strong understanding of accounting processes and internal controls, including identifying control weaknesses and recommending appropriate improvements.
• Experience using AI and automation tools, such as Microsoft 365 Copilot, to improve process efficiency, accuracy, or business outcomes.

Responsibilities

• Perform month-end close activities, including preparing journal entries and reporting, completing account reconciliations, and providing analysis and written variance commentary.
• Execute and maintain key SOX controls for Process #3 (Bonuses), including related information used in the control (IUC) documentation.
• Identify automation and efficiency opportunities, particularly using Microsoft 365 Copilot, and implement solutions to improve and streamline accounting processes.
• Research technical accounting considerations for new benefit programs, document conclusions, and recommend accounting treatment that meets internal and external reporting requirements.
• Provide input to budgeting and forecasting; help identify business risks and opportunities and understand drivers of financial trends.
• Perform special-project work related to new and existing benefit programs assessed by leadership and HR business partners.
• Partner with the broader Capabilities and Leases CAO teams on shared responsibilities and cross-functional projects as business needs evolve.

Benefits

• Competitive pay.
• Generous employee discount.
• Financial savings and retirement resources.
• Support for physical and mental well-being.
• Leave of absence options and potential pay sources, subject to eligibility and applicable circumstances.
• Paid time off (vacation or PTO), subject to work location, employment status, salary or hourly status, and years of continued or bridged service.
• Certain roles may be eligible for incentive pay, subject to eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed