Assoicate - Accounting
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Role Overview
The Associate – Accounting supports day-to-day accounting operations, including inventory accounting, reconciliations, invoice processing, journal entries, month-end close, and financial reporting.
The role requires accurate and timely processing of financial transactions and collaboration with accounting and cross-functional stakeholders.
The position supports accounting issue resolution, process improvements, documentation, and audit information requests.
Key Skills for This Role
Full Job Posting
Workplace
- The position is based at Lowe’s on-site office in Bengaluru.
About Lowe’s India
Lowe’s India is the global capability center of Lowe’s Companies Inc., supporting technology, business, analytics, and shared services.
The Bengaluru organization supports omnichannel retail, AI and machine learning, enterprise architecture, supply chain, and customer experience.
Accounting Team
The Accounting Department supports customer payments, cost and margin analysis, vendor setup, expenses and payables, invoice processing, capital assets, and inventory accounting.
The team maintains accurate financial records, reconciles ledgers, supports reporting, and improves accounting tools and processes.
Job Summary
The Associate – Accounting supports day-to-day accounting operations, including inventory accounting, reconciliations, invoice processing, journal entries, month-end close, and financial reporting.
The role requires accurate and timely processing of financial transactions and collaboration with accounting and cross-functional stakeholders.
The position supports accounting issue resolution, process improvements, documentation, and audit information requests.
Core Responsibilities
- Perform daily, weekly, and monthly reconciliations for sales, inventory, cash, and balance sheet accounts.
- Process financial data, invoices, and vendor payments accurately and on time.
- Validate inventory data and resolve discrepancies between systems and actual transactions.
- Prepare journal entries, account reconciliations, and balance sheet reviews for month-end close.
- Support process improvements and new systems that improve accounting efficiency and accuracy.
- Maintain compliance with accounting standards, internal controls, company policies, and SOX requirements.
- Prepare audit documentation and respond to internal and external audit queries.
- Collaborate with accounting, finance, retail operations, IT, and supply chain teams.
Specific Responsibilities
- Investigate bank reconciliation items and ensure ledger balances agree with external bank statements.
- Manage shared mailboxes, store inquiries, stakeholder requests, escalations, and defined service levels.
- Investigate aged reconciling items and drive timely resolution with business partners.
- Support automation, standardization, process documentation, SOP maintenance, and knowledge transfer.
Experience and Education
- Candidates should have 2–3 years of accounting experience.
- Candidates should have strong knowledge of GAAP and accounting principles.
- A bachelor’s degree in accounting, finance, or a related field is required.
- Candidates should be proficient in accounting software, ERP systems, financial reporting tools, and Microsoft Excel.
- Retail accounting experience is preferred but not required.
Required Skill Set
- Strong analytical, problem-solving, communication, and interpersonal skills are required.
- Candidates should be able to manage multiple priorities in a fast-paced environment and collaborate across functions.
- A focus on automation and simplification is expected.
Preferred and Secondary Skills
- Knowledge of general ledger accounting, balance sheet reconciliations, month-end close, journal entries, SOX controls, internal controls, and audit requirements is highlighted.
- Oracle, Arcs, OpenText, PeopleSoft, Mainframe, POS systems, and Microsoft Office Suite are referenced as relevant tools or systems.
- Willingness to learn and take on new responsibilities is desired.
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