About Lowe’s
Lowe’s is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.
About Lowe’s India
Lowe’s India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India
About The Team
The Accounting Department is responsible for ensuring accurate financial management across various functions, including Customer Payments Accounting, Cost and Margin Analysis, Vendor Set-Up and Maintenance, Expenses Payables, Invoice Processing and Capital Assets, and Inventory Accounting. This role involves maintaining and reconciling the General Ledger, ensuring the reporting of accurate balances of P&L and Balance Sheet, processing invoices, and supporting comprehensive Reporting and Analytics to guide business decisions. The department also plays a key role in transforming IT tools and systems to streamline accounting processes, improve data accuracy, and enhance overall efficiency, contributing to the company’s financial integrity and operational success.
Job Summary
We are seeking a detail-oriented and experienced
Senior Accountant
to join our accounting team. The candidate will be responsible for managing financial processes related to accounting operations, ensuring compliance with accounting standards, and providing accurate financial reporting. This role requires strong technical accounting skills, analytical thinking, and the ability to work in a dynamic environment. This position is ideal for candidates having good knowledge on application of accounting principles in day to day business.
Role Overview
This role is responsible for supporting the Distribution Center (DC) accounting functions, with a focus on third-party services, vendor management, and cost tracking across all DC Nodes. The Senior Accountant will handle the full cycle of accounting activities for distribution costs, ensuring accuracy, compliance, and timely reporting.
Key Responsibilities
- Third-Party Service Accounting
- Oversee accounting processes for third-party services supporting DC operations.
- Maintain accurate records of contracts, service terms, and billing arrangements.
- Vendor and Operational Relationship Management
- Build and maintain effective relationships with vendors, service providers, and DC operational teams.
- Serve as the primary point of contact for vendor inquiries related to payments and billing issues.
- Payments and Accrual Tracking
- Track, validate, and process payments for third-party services across all DC Nodes.
- Monitor and record accruals for distribution-related expenses, ensuring accurate cut-off in reporting periods.
- Journal Entries and Month-End Close
- Prepare and post journal entries related to DC distribution costs, ensuring accuracy and compliance with accounting standards.
- Support month-end and quarter-end close processes, adhering to corporate timelines.
- Account Reconciliation
- Prepare and review reconciliations for accounts related to DC operations, including prepaid expenses, accruals, and vendor payables.
- Investigate and resolve discrepancies in a timely manner.
- Balance Sheet and Cost Analysis
- Perform detailed analysis of distribution cost accounts, identifying trends, variances, and areas for cost optimization.
- Provide insight and reporting to management on DC cost drivers and financial performance.
- Compliance and Process Improvement
- Ensure adherence to company policies, GAAP, and internal controls.
- Recommend and implement process improvements to increase efficiency and accuracy in DC accounting activities
Years Of Experience
- Minimum of 5-8 years of experience in accounting, with at least 2 years in retail accounting or a similar role (Preferable).
- Experience in application of accounting principles in day to day business,
- Exposure to accountings standards (IFRS/ GAAP/AS etc).
- Proficiency in accounting software (e.g., Open Text, People Soft/Oracle, Mainframe, POS Systems) and MS Excel (pivot tables, v-lookups, formulas etc.).
- Experience with ERP systems and financial reporting tools.
- Retail industry experience preferred but not required.
Education Qualification & Certifications (optional)
Required Minimum Qualifications
- Bachelor’s degree in accounting, Finance, or a related field OR
- Master’s degree in Accounting, finance or a related field
- Professional Certificate in Accounting
Skill Set Required
Primary Skills (must have)
- Attention to Detail: Ability to process high volumes of data with accuracy.
- Analytical Skills: Strong problem-solving skills and the ability to analyze financial data.
- Communication Skills: Excellent written and verbal communication skills, with the ability to present financial information clearly.
- Teamwork: Collaborative mindset and willingness to assist and mentor junior team members. Team player with good communication and interpersonal skills
- Time Management: Strong organizational skills with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
Secondary Skills (desired)
- Ability to work under pressure in a fast-paced dynamic environment.
- Willingness to learn and take on new responsibilities
- Keen eye towards working on process improvements and automations.
- Good Presentation skills to be able to talk confidently with Business partners.
- Knowledge on working on advanced excel and Visualiszation skills such as Power BI/Tableau/ Microstrategy etc., will be an added advantage.
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.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.
