Internal Auditor II

CarMax, Inc. Richmond, VA
Position Description

This position will be responsible for assisting in the development and execution of the CarMax internal audit plan. This responsibility includes determining internal audit scope, performing audit procedures and preparing audit reports reflecting the results of the work performed for review by management and the Audit Committee. Work will be performed under the supervision of the Senior Internal Auditor or other Internal Audit management. Work performed will include financial, operational and compliance audits of various functions and other special projects. The work performed will better ensure accuracy of financial information, effective internal controls and compliance with company policies and applicable external regulations.

With guidance from senior auditor, and sometimes manager, performing audits of internal control over financial reporting for management assessment under Section 404 of the Sarbanes-Oxley Act ("SOX"); includes meeting with different departments to understand key business processes, testing of key controls and making recommendations for improvements in internal controls

With guidance from senior auditor, and sometimes manager, performing store audits under the Compliance and Ethics Program

With guidance from senior auditor, and sometimes manager, reviewing press releases, 10-Q's, the annual report and 10-K, proxy and testing significant quarterly internal controls

Performing audits or special projects, including integrated audits with the IT audit team

Assisting the external auditors in performing the year-end audit and any agreed upon procedures

Position Requirements

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.


The ideal candidate has the following educational qualifications and professional experience:

* Bachelor degree in Accounting

* Certified Public Accountant ("CPA") or in the process of obtaining the CPA

* Minimum of 1-2 years of auditing experience with a public accounting firm, preferably one of the "Big 4"

* A strong background in internal controls and compliance

* Experience with SOX 404 compliance

* Financial Reporting experience for a publicly listed company is preferred

* Significant retail industry knowledge and experience is preferred

* Strong PC skills

* ACL experience is a plus

* Strong time management skills

* Ability to perform multiple projects concurrently to meet deadlines

* Ability to work in a team setting as well as independently

* Effective planning and project management skills


* Excellent interpersonal, written and verbal communication skills

* Strong attention to detail

* Ability to interact effectively with various levels of management and the operational areas

* Ability to create appropriate written reports and process narratives

* Ability to prepare appropriate workpaper documentation evidencing procedures performed

* Effective presentation skills

* Ability to express and explain clearly and effectively

* Ability to analyze and inquire clearly and effectively (know what to ask)


* Ability to work with mathematical concepts as they relate to auditing, accounting, budget and financial analysis


* Ability to analyze data independently

* Ability to identify errors, omissions, deficiencies, and/or opportunities for improvement

* Ability to evaluate the action plans to address the matters identified

* Ability to define problems, collect data, establish facts and draw valid conclusions

* Innovative problem-solving, critical thinking and analytical skills

* Ability to identify and utilize available resources

* Ability to act with good judgment