Manager, AR Operations – Funding

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238

CarMax, the way your career should be!

Position Overview

As a Manager, AR Operations – Funding at CarMax, you will lead and manage the accounts receivable operations focused on funding activities, ensuring accuracy, compliance, and efficiency throughout the order-to-cash cycle. This role is critical in driving operational excellence, managing team performance, and implementing process improvements that support CarMax’s growth. You will foster a culture of integrity, accountability, and continuous improvement while empowering your team to deliver exceptional results.

Why CarMax?

At CarMax, we are the nation’s largest retailer of used cars with stores from coast to coast, and we are still growing. We’re rethinking the way people buy cars – and it’s our associates that help us do just that. We believe work should feel meaningful and rewarding, with opportunities to make an impact every day. This is where innovation meets passion – be inspired and supported to take us to the future.

Team Overview

The Accounting Operations team operates in a collaborative environment built on integrity and accountability. We partner across the business to deliver accurate financial results, streamline processes, and continuously improve operations to support CarMax’s success.

Role Responsibilities

Oversee order-to-cash activities, ensuring accounting accuracy, compliance, and timely processing of funding transactions.

Manage team performance, including onboarding, training, setting expectations, and conducting performance reviews.

Provide ongoing education to ensure adherence to operational and accounting policies and procedures.

Collaborate with business partners to identify and implement process improvements for efficiency and effectiveness.

Lead month-end close activities, including journal entries, reconciliations, and balance sheet analysis.

Analyze department metrics, such as productivity and KPIs, and recommend solutions to improve performance.

Serve as a subject matter expert on projects, challenging the status quo and driving innovative solutions.

Required Qualifications

Bachelor’s degree in Accounting, Finance, or equivalent required.

5+ years of business experience, with strong knowledge of GAAP principles.

2+ years of leadership experience, managing direct or indirect reports.

Ability to motivate and inspire teams, prioritize competing responsibilities, and make sound decisions.

Strong communication and customer service skills, with the ability to engage and resolve issues effectively.

Proficiency in Microsoft Office, including Outlook, Excel, Word, and PowerPoint.

Internal candidates: Successful completion of Entry MAP or MDP required.

Preferred Qualifications

• Accredited Accounts Payable or Accounts Receivable Manager Certification preferred.
• Project management experience preferred.
• Experience and knowledge in Cloud-based ERP solutions, Workday, robotics, OCR technologies, and various automations desirable

About CarMax

At CarMax, we revolutionized the used car buying experience over 30 years ago by introducing transparency and integrity into the process. Our commitment to customer experience, innovation, and community has made us the nation’s largest used car retailer. With over 250 store locations and over 30,000 associates, we are proud to have been recognized as one of the Fortune 100 Best Companies to Work For® and are committed to helping our communities thrive.

As an associate, you are part of an innovative movement to empower the modern customer and drive progress. Your work fuels change—sparking ideas, overcoming challenges, and shaping what’s next. Join us in creating a better future– for our company, our customers, and the communities we call home.

The annual salary for this position is:

$75,500.00 - $120,800.00 May be eligible for bonus and equity.