This site uses cookies. To find out more, see our Cookies Policy

Field Financial Analyst in Raleigh, NC at Advance Auto Parts

Date Posted: 1/30/2019

Career Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Raleigh, NC
  • Career Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/30/2019

Career Description



Job Description

The Field Finance Analyst, reporting to the Finance Manager – Independents, provides support and assistance with independent CARQUEST stores while enforcing AAP/CARQUEST Credit Policies, and helping implement the company’s strategic goals and objectives.

This role interfaces across all levels of the organization within finance, operations, sales and the Independents leadership team.  Key components of the role will be managing the company’s liabilities in A/R, loans and inventory related to our independent stores.   The role is required to coordinate with broader teams towards a common objective while adhering to established policies and procedures. The team member builds trust and relationships as they interface across many parts of the organization. 

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Develop business relationships with our independent CARQUEST stores with the objective to counsel and give financial assistance concerning achieving enhanced profitability and operating under sound financial practices.
  • Build strong working relationships with sales teams and leadership as a strong team member providing financial guidance and assisting to meet company’s goals.
  • Direct and support team members by providing financial guidance, mentoring and review of their work.
  • Monitor accounts receivables from Independent stores and enforce CARQUEST credit policies. Work with Customer First on all billing issues, credit limits and credit holds.
  • Assist with the credit investigation for all new stores and prepares/reviews documents for a store’s open account request.
  • Initiate new bank loans and annual renewals with Independent stores before their renewal dates ensures loan is within CARQUEST financial guidelines. If a loan is being brought in-house FFA prepares the wire request and verifies the monies are applied to correct account. Review monthly store financial statements and note areas of concern for all stores with company-backed loans.
  • Assist our independent stores with the growth of their store group and with the transition of ownership of their CARQUEST store.
  • Maintain note and special consideration accounts. FFA prepares notes to the Collateral Watch List each period which is reviewed for special bad debt reserves.
  • Assist with all Phase One resales and company store acquisitions including preparation of proforma financial data and tracking inventory during change over. Attend all conference calls related to the resale and assist corporate legal department with the preparation of legal documents to the sale or purchase and closing documents. If a bank loan is required, prepare documents and work with buyer on executing documents.
  • Maintain credit files and monitor UCC filings for continuation on Independent stores.
  • Other duties to be assigned as needed.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed 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.

Technical Qualifications:

  • Ability to model financials with a solid understanding of accounting principles.
  • Ability to leverage technology to get at information, more efficiently.
  • Ability to read and comprehend store income statements, balance sheets and statements of cash-flows to create pro-forma statements and make recommendations to improve performance.

Ability to present information and respond to questions from groups of senior management, department heads, and the Finance/IT/Business teams.

EDUCATION and/or EXPERIENCE

Bachelor’s degree in Business, Finance, Accounting or related required and 3-10+ years’ experience in a Finance field.

Exposure to small businesses and a knowledge of Quickbooks is a plus.

SUPERVISORY RESPONSIBILITIES

None.

CERTIFICATES, LICENSES, REGISTRATIONS

None Required

PHYSICAL DEMANDS 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Travel required to meet with store owners, participate in new store conversions and work with sales teams.  Maybe up to 50%, at times.  

WORK ENVIRONMENT 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.