Senior Accountant - Payroll & Benefits

Job Description

As the Finance Senior Analyst, you’ll provide accounting support for our Compensation and Benefits teams. You will be responsible for accruals, reserves, and other unique accounting needs for Best Buy’s self-insured group benefits and Short-Term Incentive (STI) bonus initiatives. You will collaborate with Financial Planning & Analysis, Compensation Team, Benefit Plan administrators, External Reporting, and external auditors.

This role is hybrid, which means you will work some days on site at the Best Buy location listed on this posting and some days virtually from home or another non‑Best Buy location. The specific work arrangements vary by role and team, and the recruiter or hiring manager will provide additional details during the hiring process.

What you’ll do

• Perform month-end close activities, including preparing journal entries and reporting, completing account reconciliations, and providing clear analysis and written variance commentary.
• Execute and maintain key SOX controls for Process #3 (Bonuses), including related information used in the control (IUC) documentation.
• Identify automation and efficiency opportunities, with an emphasis on Microsoft 365 Copilot, and implement solutions to improve and streamline accounting processes.
• Research technical accounting considerations for new benefit programs, document conclusions, and recommend accounting treatment that meets internal and external reporting requirements.
• Provide input to budgeting and forecasting; help identify business risks and opportunities and understand drivers of financial trends.
• Perform special-project work related to new and existing benefit programs that are continuously assessed by leadership and HR business partners.
• Partner with the broader Capabilities and Leases CAO teams to support shared responsibilities and cross-functional projects as business needs evolve.

Basic qualifications

• 2 years of work experience in an accounting capacity
• Intermediate proficiency in Excel

Preferred qualifications

• Bachelor's degree (or equivalent) in accounting or related field
• 4 years of experience in accounting or related field
• Experience researching and applying U.S. GAAP within a large, complex organization
• Strong understanding of accounting processes and internal controls, including the ability to identify control weaknesses and recommend appropriate improvements
• Experience using AI and automation tools, such as Microsoft 365 Copilot, to improve process efficiency, accuracy, or business outcomes

What’s in it for you

We’re committed to helping our people thrive at work and at home. We offer generous benefits that support your total well-being and provide help when you need it most.

Our benefits include:

• Competitive pay
• Generous employee discount
• Financial savings and retirement resources
• Support for your physical and mental well-being support

Best Buy provides different types of leaves of absence (LOA) and potential pay sources to employees based on eligibility. The length of your LOA depends on your situation, where you live, your full-time or part-time employment status, and federal and state regulations. Intermittent or reduced-schedule leave is also available for certain medical or family care leaves. Paid time off (vacation or PTO) is offered to full-time and part-time employees based on work location, employment status, salary or hourly status (exempt/non-exempt), and years of continued or bridged service.

Certain roles, where market norms demand it, are eligible for various forms of incentive pay to drive performance and offer recognition for achieving financial and strategic results. For more information about our incentive pay plans, including eligibility, please refer to our Incentive Programs Summary.

For more information about benefits, LOA and paid time off, please refer to our Benefits Guide.

About us

As part of the Best Buy team, you’ll help us fulfill our purpose to enrich lives through technology. We bring that to life every day by humanizing and personalizing tech solutions for every stage of life, whether in stores, online, or in customers’ homes.

Our culture is built on deeply supporting and valuing our amazing employees who make it all possible. We’re committed to being a great place to work, where you can unlock unique career possibilities. Above all, we aim to provide a place where you can bring your full, authentic self to work now and into the future. Tomorrow works here.™

Best Buy is an equal opportunity employer.

Application deadline: Minimum of 5 days from the posting date. You can find that date above the job title at the top of the page.