Sr. Analyst, Financial Controls & Compliance

CarMax•Richmond, VA

6d•Hybrid

About The Position

CarMax’s Financial Controls and Compliance function is responsible for maintaining the Company’s Sarbanes Oxley compliance program and supporting other accounting related compliance requirements. The Senior Analyst of Financial Controls and Compliance will perform the daily operations required for CarMax to maintain SOX compliance while serving as a subject matter expert to determine SOX impact of business-driven initiatives. This will necessitate obtaining a broad understanding of the company’s functions and business segments and require foundational knowledge of Sarbanes Oxley best practices. Communication, collaboration and analysis and decision-making skills will be instrumental in the success of this role.

Requirements

Bachelor’s degree from a four-year college or university, with a concentration in Accounting preferred
Four or more years of general accounting experience required
Previous experience with US GAAP, Sarbanes Oxley, PCAOB requirements, and COSO Framework
Ability to build and maintain strong relationships throughout the organization, and collaborate with other departments and teams.
Ability to apply business and technical knowledge to implement changes and enhance processes, including the ability to apply that knowledge to solve problems at the root cause
Ability to manage multiple projects and meet deadlines within project parameters.
Ability to provide “win-win” solutions while resolving customer service issues in a positive and professional manner.
Ability to communicate effectively, tailoring message to the audience.
Computer skills: Microsoft Office (Excel and Word, PowerPoint, Visio)

Nice To Haves

CPA, CIA or equivalent certification preferred
Public accounting experience preferred
Working knowledge and experience with Information Technology General Controls (ITGC) preferred
Experience with process improvement and change management preferred

Responsibilities

Maintain the Company’s suite of key and non-key SOX controls and flowcharts within the Workiva system, including the execution of periodic reviews with control owners.
Support the ongoing scoping, materiality, and risk assessment related to the company’s internal control over financial reporting.
Work closely with the company’s internal and external auditors to support the successful completion of SOX control testing procedures.
Evaluate the root cause and financial statement impact of SOX control deficiencies, partnering with the business to develop and track execution of a management remediation plan.
Serve as a subject matter expert to assist the business in determining the SOX impact of business-driven initiatives and/or proposed process improvements.
Coordinate and monitor completion of the quarterly SOX section 302/906 certifications with Senior Management.
Obtain annual SOC 1 internal control reports from the relevant service providers and assess implication on the company’s internal controls and ability to rely on third-party information.