Best Buy careers in Finance, Accounting, or Tax

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    Best Buy careers in Finance, Accounting, or Tax - Presentation Transcript

    1. Best Buy Finance, Accounting and Tax at Best Buy Information for the potential future employee
      • If you are viewing this on the careers site, Click the
      • full-screen button in the lower right hand corner to view
    2. Overview
      • Enterprise Overview
      • Performance Summary
      • Strategic Priorities
      • Our Values and Our Culture
      • Finance Function
      • Corporate Campus
      • Twin Cities
      • Career Opportunities
      Best Buy Finance, Accounting, Tax opportunities
    3. Who Is Best Buy?
      • #1 consumer electronics retailer in the world
      • Fortune 100 Company – 2007 #72 with Revenues in excess of $30 Billion
      • 2004 Forbes Company of the Year
      • A 2005 Twin Cities Best Place to Work
      • 4,000 corp employees – over 130,000 total
      • Over 1,150 locations (North America)
      Best Buy Finance, Accounting, Tax opportunities
    4. Our Brands Best Buy Finance, Accounting, Tax opportunities
    5. Our Brands
      • Flagship brand, operating 975 stores in the U.S., Canada and China
      • Large format boxes selling consumer electronics and entertainment products, 21% market share in the U.S.
      • Founded in 1982, Canada’s largest consumer electronics retailer by 1990
      • Purchased by Best Buy in 2001, operating 131 stores across Canada with 20% market share, commissioned sales force
      • 3 rd largest appliance and consumer electronics retailer in China, operating 160 stores in 7 of China’s 34 provinces
      • Majority interest (75%) purchased by Best Buy in 2006
      Best Buy Finance, Accounting, Tax opportunities
    6. Our Brands
      • Founded in 1954 in Seattle, WA; purchased by Best Buy in 2000; specializes in high-end home theater equipment
      • Currently operating 13 stand-alone stores, and nearly 350 store-in-store locations in Best Buy stores
      • Founded in 1960 in Southern California, purchased by Best Buy in 2006
      • Operating 19 stores, specializes in high-end home improvement products and appliances
      • Founded in 1994 as a 24-hour computer support service, purchased by Best Buy in 2002
      • Agents operating in all Best Buy, Geek Squad stand-alone, and select Carphone Warehouse stores
      Best Buy Finance, Accounting, Tax opportunities
    7. Our Brands
      • Founded in 1994 as an Internet café in Seattle, now is an industry leader in broadband services
      • Acquired by Best Buy in 2007, provides end-to-end voice and data solutions to small business customers
      • Founded in 1989 as a residential custom installation provider
      • Purchased by Best Buy in 2005, specializes in the integration of audio, video, lighting, and HVAC into one system
      Best Buy Finance, Accounting, Tax opportunities
    8. Carphone Warehouse Best Buy Finance, Accounting, Tax opportunities
    9. North American Leader Best Buy Finance, Accounting, Tax opportunities
    10. Global Presence Best Buy Finance, Accounting, Tax opportunities
    11. Performance Summary Best Buy Finance, Accounting, Tax opportunities
    12. FY08 Highlights
      • Achieved significant milestone of $40B in enterprise revenues
      • Delivered 12% EPS growth in challenging U.S. environment
        • Operating income improved 8% and repurchased 75.6 million shares
      • Continued to grow market share, customer satisfaction and loyalty; improved employee turnover to 60%
      • Made significant investments in growth categories, including:
        • Now operate 357 Apple store-in-store locations, only retailer to offer ALL major brands
        • Now operate 181 Best Buy Mobile store-in-store locations in relationship with The Carphone Warehouse
      Best Buy Finance, Accounting, Tax opportunities
    13. Revenue Mix and Growth Appliances Home Office Entertainment Software Consumer Electronics Services Other Total Revenue Mix Summary Year Ended March 1, 2008 Comparable Store Sales Year Ended March 1, 2008 41% 28% 19% 6% 6% <1% 100% (1.3%) 7.1% 7.9% (2.6%) 5.5% n/a 2.9% Best Buy Finance, Accounting, Tax opportunities
    14. Growth Strategies
      • Emerging Businesses
        • Winning With Women
        • Best Buy for Business
        • Financial Services
        • Best Buy Mobile
      • Customer Growth
        • Building Relationships & Loyalty
        • Reward Zone
      • International
        • New market growth
          • Mexico & Turkey
        • Dual Brand Strategy
      • China – Best Buy & Five Star
      • Canada – Best Buy & Future Shop
      • Europe – Best Buy and Carphone Warehouse
      • Infrastructure
        • Optimization of Supply Chain through Global Sourcing
        • Simplification of IT platforms
      Best Buy Finance, Accounting, Tax opportunities
    15. Customer Centricity Best Buy Finance, Accounting, Tax opportunities
    16. Our Values
      • Our Values
        • Have fun while being the best
        • Learn from challenge and change
        • Show respect, humility and integrity
        • Unleash the power of our people
      Best Buy Finance, Accounting, Tax opportunities
    17. Our Culture
      • Our Culture
        • Exhilarating, challenging, rewarding
        • Sense of community – no ivory towers
        • Give back to our communities
        • “ Results Only Work Environment”
          • Featured in Time magazine and on 60 Minutes
        • Multiculturalism and diversity are critical elements
        • Focus on strengths…talent powered
        • Total Rewards
        • Flexible career paths
      Best Buy Finance, Accounting, Tax opportunities
    18. Best Buy Finance
        • Leaders who can lead with IMPACT
        • I nnovate, M otivate, P erform with A gility, C ourage and T rust
          • Ability to influence without authority
          • Malleability: ability to adjust to every circumstance
          • Comfort with ambiguity
          • Impact beyond current sphere of responsibilities
          • Makes others around him/her successful
          • Unleashes and increases talent throughout the organization
          • Comfortable with taking risks
          • Lives and teaches the Best Buy values
      Best Buy Finance, Accounting, Tax opportunities
    19. Best Buy Finance Organization Financial Services Corporate Finance Specialty Areas Decision Support Leadership Team Directors Managers Supervisors Seniors Accountant/ Analyst “ Portfolio of Experiences”
      • Corporate Departments
      • Financial Planning and Analysis
      • Financial Accounting and Reporting
      • External Reporting and Internal Audit
      • Governance of financial planning, accounting and reporting for the Enterprise
      • External/regulatory reports (I.e. 10-k, 10-q, Proxy, etc.)
      • Financial Services Departments
      • Merchandise Payables
      • Finance Systems & Project Management
      • Inventory Control
      • Payroll
      • Sales Audit
      • Accounts Receivables and Accounts Payables
      • This area of Finance focuses largely on transaction processing function and managing large staffs. Currently, financial services is focusing on reducing processing costs while improving customer service
      • Specialized Services
      • Tax
      • Treasury
      • Commodity Sourcing and Procurement
      • Professionals in these areas spend a significant portion of their career within the specialty area and develop significant depth of experience
      • Decision Support Finance
      • Business Teams
      • Corporate Development
      • IS
      • HR
      • Legal
      • Consumer Hub
      • Properties
      • Logistics
      • Credit Finance
      • These Finance teams provide financial decision support to power decisions and drive value within business units
      Best Buy Finance, Accounting, Tax opportunities
    20. Corporate Campus
      • Leadership Institute
      • Expansive Cafeteria
      • New Horizon child care
      • Minute Clinic
      • On Site Pharmacy
      • Fitness center
      • Caribou coffee shop
      • US Bank
      • Basketball courts
      • Putting green
      • Walking paths
      • Gaming area
      • Concerts
      Best Buy Finance, Accounting, Tax opportunities
      • 2.9 million people – 13 th largest metro area in the U.S.
      • Forbes Magazine’s “Most Affordable Place to Live Well” in 2007 (Minneapolis)
      • Quality of life enhanced by philanthropic efforts of corporate community
      • 20 Fortune 500 Companies
        • Minnesota ranks 9th among states in Fortune 500 company headquarters
        • General Mills, Medtronic, Guidant, United Health Group, 3M, Target, US Bancorp, Northwest Airlines, St Paul Co., Land O Lakes, Super Valu, etc.
      • Entertainment and cultural center of the Midwest
      • Diverse population
      • Many pro and college sports teams
      • Variety of entertainment venues, restaurants and night clubs
      Twin Cities Best Buy Finance, Accounting, Tax opportunities
    21. Stay connected with our Opportunities
      • On our new career site, in addition to applying to current openings you can…
      • Subscribe to job categories that will update you automatically
      • Share jobs to your favorite social media sites
      • Interact with one of our finance recruiters
      • Click the link below to take a look!
      • Best Buy Finance, Accounting, Tax opportunities
    22. Best Buy Finance, Accounting, Tax opportunities

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