Senior Accountant - Payroll & Benefits
About The Position
As the Finance Senior Analyst, you’ll provide accounting support for Best Buy’s Compensation and Benefits teams. You will be responsible for accruals, reserves, and other unique accounting needs for Best Buy’s self-insured group benefits and Short-Term Incentive (STI) bonus initiatives. You will collaborate with Financial Planning & Analysis, the Compensation Team, benefit plan administrators, External Reporting, and external auditors. This is a hybrid role, with some days on site at the Best Buy location listed on the posting and some days working virtually from home or another non-Best Buy location. Specific arrangements vary by role and team; the recruiter or hiring manager will provide details during the hiring process.
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 ability to identify control weaknesses and recommend 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 the drivers of financial trends.
- Perform special-project work related to new and existing benefit programs, which are continuously 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.
- Leaves of absence and potential pay sources, based on eligibility and applicable circumstances.
- Paid time off for full-time and part-time employees, 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 the applicable plans and eligibility.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
