Best Buy Sr Accounting Analyst Markdown Reserve in Richfield, Minnesota


Job Title:

Sr Accounting Analyst Markdown Reserve

Location Number:

900440-105-FIN-BBY Rtl & Ops Acct & Reporting

Job Description:


This role will be responsible for the valuation of all at-risk inventory, including product returns, damages and re-commerce (R/D/R inventory) through Best Buy reverse logistics channels, and is responsible for all necessary entries to ensure proper inventory valuation.

This individual will also be responsible for creating and communicating results through weekly and monthly reporting to executive leadership and investigating material changes to the Markdown Reserve.

The SAA will also be responsible to lead certain projects (accounting and finance system development and integration, and new business initiatives related to the business units), and will be required to drive financial and accounting process improvement and reporting enhancements.

This position will be one of the key liaisons with leaders in the business and in finance through effectively building relationships and partnering with operations and other areas of Finance.

A successful candidate will have the following attributes:

  • Ability to highlight risk and proactively partner with a wide range of stakeholders within Controllership as well as outside of the department

  • Ability to think critically and when necessary challenge business estimates

  • Experience managing and prioritizing multiple workstreams

  • Ability to understand a complex organizational structure and business and financial matters

  • Attention to detail and a desire to “dig deeper” when necessary

  • High performance standards and commitment to timely, accurate and complete deliverables

  • Knowledge of the Best Buy product hierarchy (or other Consumer Electronics experience)

  • Strong understanding of US GAAP specifically related to inventory valuation

Required Qualifications:

  • Bachelor's degree

  • 2+ years experience in Accounting and/or Finance

  • Excellent written and oral communications skills

  • Intermediate experience using Excel

Preferred Qualifications:

  • Bachelor's degree in Accounting or Finance

  • 3+ years experience in Accounting and/or Finance

  • Experience in one of the following areas: financial reporting, budgeting, or issue resolution

  • Understanding of US GAAP Revenue Recognition guidance

  • Access, Oracle, Essbase experience

  • CPA, CMA, or MBA strongly preferred

  • Organizational agility and effectiveness

  • Internal Best Buy experience, Big 4, or Fortune 100 accounting and finance experience

  • Advanced experience using Excel

Req #:


Address Line 1:

7601 Penn Avenue South







Job Level:

Individual Contributor

Employment Category:

Full Time


Best Buy

Job Search Categories:

Finance / Accounting, Corporate Jobs