Job ID #: 2608 Location: VA - Richmond, Home Office Position Category: Finance Department: Treasury Division: CarMax Home Office Education Required: Bachelors Degree Position Type: Full-Time Regular Relocation Provided: Experience Required: 5 - 7 Years PRIMARY DUTIES AND RESPONSIBILITIES: • With a high level of independence, lead the research, evaluation and development of financing strategies. Recommend strategies to senior management. • Serve as project manager in the execution of financial transactions. Negotiate favorable terms with counterparties, and coordinate the efforts of financial advisors, accountants, outside legal counsel, and various CarMax departments/subsidiaries (i.e., CAF, Financial Reporting, Tax, Legal, etc.). • With thorough understanding of financial statements and disclosures, independently develop and maintain complex financial models to forecast, assess and report on multiple securitization transactions. • Oversee one or more ongoing financing programs for CarMax and CAF • Prepare analyses of highly complex financial topics. Present analyses to outside investors, rating agencies and senior management. • Provide leadership, training and mentorship to other team members (and/or direct reports). • Manage certain company relationships with banks, investors, and credit rating agencies." />
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The Business Manager of Corporate Finance plays a pivotal role in the development and execution of CarMax’s financial strategy, managing the reporting requirements for CarMax Auto Finance’s securitization transactions, and conducting analyses on a wide range of financial topics.
PRIMARY DUTIES AND RESPONSIBILITIES: • With a high level of independence, lead the research, evaluation and development of financing strategies. Recommend strategies to senior management. • Serve as project manager in the execution of financial transactions. Negotiate favorable terms with counterparties, and coordinate the efforts of financial advisors, accountants, outside legal counsel, and various CarMax departments/subsidiaries (i.e., CAF, Financial Reporting, Tax, Legal, etc.). • With thorough understanding of financial statements and disclosures, independently develop and maintain complex financial models to forecast, assess and report on multiple securitization transactions. • Oversee one or more ongoing financing programs for CarMax and CAF • Prepare analyses of highly complex financial topics. Present analyses to outside investors, rating agencies and senior management. • Provide leadership, training and mentorship to other team members (and/or direct reports). • Manage certain company relationships with banks, investors, and credit rating agencies.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Ability to motivate and influence across multiple levels of the organization and outside organizations, and willing to challenge upwards appropriately in the best interest of CarMax • Ability to negotiate successfully with advisors & outside providers • Ability to build and maintain strong relationships throughout the organization, and collaborate with other departments and teams • Ability to determine customer-specific needs and put forth actions to meet those needs • Ability to prioritize and lead team to achieve long-term and short-term results • Ability to develop, execute and adjust a plan with high degree of independence • Ability to develop and promote other associates for organizational needs • Ability to understand latest industry trends and their potential impact for CarMax
EDUCATION and/or EXPERIENCE: • Five or more years of experience in accounting and/or finance • Four year college degree required, MBA desirable • Knowledge of finance, accounting, and budgeting principles including Generally Accepted Accounting Principles (GAAP)
