Sr. Analyst, Financial Controls & Compliance

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

CarMax, the way your career should be!

About this job

CarMax’s F inancial Controls and Compliance function is responsible for maintaining the Company’s Sarbanes Oxley compliance pro gram and support ing other accounting related compliance requirements .  The Senior Analyst of Financial Controls and Compliance will perform the daily operations required for CarMax to maintain SOX complian ce 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.

What you will do – Essential Responsibilities

• Maintai n 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 owner s .
• 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 .
• Purpose of the role

This position will be responsible for partnering heavily with the business to assist in the design, operation and maintenance of the Company’s SOX controls .  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  This includes, but is not limited to:

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.

Qualifications and Requirements

• Bachelor’s degree from a four-year college or university required , with a concentration in Accounting preferred
• CPA , CIA or equivalent certification preferred
• Four or more years of general accounting experience required; P ublic accounting experience preferred
• Previous experience with US GAAP, Sarbanes Oxley, PCAOB requirements, and COSO Framework required
• Working knowledge and experience with Information Technology General Controls (ITGC) preferred
• Experience with process improvement and change management preferred
• Ability to communicate in a clear and open manner through verbal, written, and non-verbal methods
• Computer skills: Microsoft Office (Excel and Word, PowerPoint, Visio)
• Work Location and Arrangement: This role will be based out of the CarMax Home Office in Richmond, VA and Associates will work onsite 4 days per week.
• Work Authorization:   Applicants must be currently authorized to work in the United States on a full-time basis. Sponsorship will not be considered for this specific role.

About CarMax

CarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinking around the way cars are bought and sold has helped us become the nation’s largest retailer of used cars, with over 250 locations nationwide.

Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community.  We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For®.

Our Commitment to Diversity and Inclusion:

CarMax is committed to bringing together people from different backgrounds and perspectives, providing employees with a safe, welcoming, and inclusive work environment.

The annual salary for this position is:

$83,000.00 - $124,500.00 May be eligible for bonus and equity.