Accounting Manager at Best Buy in Richfield, Minnesota

Job Description:

The Accounting Manager is a key member of the Corporate Accounting team responsible for accounting for equity and treasury related activities. The position entails project/initiative-based work reflecting the changing business environment and the need to drive process improvements and efficiencies. It therefore requires both a strong grasp of accounting guidance, processes and controls, and an ability to listen to customers' needs and mobilize the team to drive solutions. A successful candidate will have a proven track record managing complex accounting concepts and managing a team of accounting professionals.

The following are the key responsibilities of the role:

• Lead and develop a team of two senior accounting analysts


• Lead the accounting of equity-related activities, including the 10-Q/10-K related footnote disclosures for:


• ASC 718 – Stock-based compensation and associated Income tax impacts in ASC 740


• ASC 260 – Earnings per share


• ASC 505 – Equity


• Forecasting Share count, Stock-based compensation, Equity, and Cash Flows


• Manage external valuation process for stock-based compensation


• Oversight of accounting for treasury activities (debt, hedging, investments and cash equivalents), including related 10-Q/10-K footnote disclosures and related technical accounting transactions


• Project management on renewable energy investments, including:


• assessing the proper accounting treatment using consolidation and equity method guidance in ASC 810 and ASC 323, respectively


• review of complex accounting models


• ongoing quarterly impairment analysis and accounting assessments


• Coordination, preparation, and review of monthly and quarterly statement of cash flows and associated commentary


• Ownership of 2 SOX processes


• Liaison with Treasury, Tax, Controllership, HR, FP&A and Legal to facilitate and support business changes & accounting-related projects


• Drive efficiencies and process improvements through automation

• 5 or more years of relevant accounting/finance experience


• Intermediate Microsoft Excel skills

• Experience in applying GAAP to large company situations and an ability to research questions as they arise


• Understanding of accounting processes and internal controls, with an ability to identify and address areas of improvement


• CPA and/or MBA


• Knowledge of Oracle, OneStream, Fidelity, and/or another ERP end-to-end accounting/reporting system


• Knowledge and understanding of Long-term incentive (“LTI”) award agreements


• Bachelor’s degree or 8+ years of experience in Accounting, Finance, Economics, Business or related field


• 2+ years of project management or experience influencing without authority