Best Buy Sr Accounting Analyst Markdown Reserve in Richfield, Minnesota
Sr Accounting Analyst Markdown Reserve
900440-105-FIN-BBY Rtl & Ops Acct & Reporting
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
2+ years experience in Accounting and/or Finance
Excellent written and oral communications skills
Intermediate experience using Excel
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
Address Line 1:
7601 Penn Avenue South
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