Assoicate - Accounting

About the Team

I. Job Summary

II. Roles & Responsibilities

• Core Responsibilities: (Accounting Department)
• · Daily Activities
• o Perform daily, weekly, and monthly reconciliations for sales, inventory, and cash accounts.
• o Ensure accurate and timely processing of financial data from locations and e-commerce platforms.
• o Process invoices ensuring timely payment to Vendors.
• o Validate and correct the discrepancies in Inventory
• o Identify and resolve discrepancies between system data and actual transactions
• · Month-End Close:
• o Support the month-end close process by preparing journal entries, account reconciliations, and balance sheet reviews.
• o Ensure accuracy and compliance with GAAP and company policies.
• · Process Improvement:
• o Identify opportunities for process improvements within the accounting function and help implement new processes or systems that enhance efficiency and accuracy.
• · Compliance & Audit Support:
• o Ensure adherence to internal controls, company policies, and relevant accounting standards.
• o Assist with external and internal audits by preparing requested documentation and responding
• to audit queries.
• · Team Collaboration:
• o Work closely with other members of the accounting and finance teams, as well as cross-functional departments such as retail operations, IT, and supply chain.
• Specific Responsibilities:
• · Prepare and review monthly balance sheet reconciliations.
• · Process and post month-end journal entries, ensuring completeness, accuracy, and compliance with accounting policies.
• · Perform bank reconciliations and investigate/resolve reconciling items to ensure ledger balances agree with external bank statements.
• · Manage and respond to corporate mailbox, store inquiries, and stakeholder requests within defined service levels.
• · Support Internal and External Audits by providing timely documentation, explanations, and resolution of audit observations.
• · Ensure compliance with SOX controls, accounting policies, and internal control requirements.
• · Investigate aged reconciling items and drive timely resolution with business partners.
• · Partner with cross-functional teams including Treasury, Payroll, Store Operations, Finance, and IT to resolve accounting issues.
• · Assist in identifying process improvement opportunities and support automation and standardization initiatives.
• · Maintain process documentation, SOPs, and support knowledge transfer activities.
• · Manage the team's shared mailbox and ensure timely closure of requests and escalations.
• Preferred Skills
• · Strong understanding of General Ledger Accounting and Balance Sheet Reconciliations.
• · Knowledge of Month-End Close processes and Journal Entries. · Understanding of SOX controls, Internal Controls, and Audit requirements. · Analytical and problem-solving skills.
• · Excellent stakeholder management and communication skills. ·
• Proficiency in ERP systems (Oracle, Arcs etc.) and Microsoft Excel

III. Years of Experience

Required Minimum Qualifications

• · Bachelor’s degree in accounting, Finance, or a related field.

V. Skill Set Required

• Primary Skills (must have)
• o Analytical and problem-solving skills with a keen attention to detail.
• o Excellent verbal and written communication skills.
• o Be a team player with good communication and interpersonal skills.
• o Ability to manage multiple priorities in a fast-paced environment.
• o Demonstrated ability to work collaboratively with cross-functional teams o keen eye and focus towards automations and simplifications
• Secondary Skills (desired)
• · Ability to work under pressure in a fast-paced dynamic environment.
• · Willingness to learn and take on new responsibilities across teams.
• · Strategic mindset to learn things on the go and train junior staff
• · Knowledge on Microsoft Office Suite is a must
• Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.