Sr Accountant

Lowes 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 exceeding $83 billion, Lowes operates over 1,700 home improvement stores and employs around 300,000 associates. Headquartered in Mooresville, N.C., Lowes actively supports the communities it serves through various programs aimed at creating safe, affordable housing, enhancing community spaces, fostering the development of skilled trade experts, and providing disaster relief to communities in need. For more information, please visit Lowes.com. The Capital Asset Accounting team at Lowes is tasked with accurately and promptly recording and reporting capital asset transactions in compliance with U.S. Generally Accepted Accounting Principles (GAAP) while ensuring consistent application of company policies and system control procedures. These transactions encompass the systematic processing and recording of asset additions, retirements, adjustments, and depreciations within asset records. The team collaborates closely with various business areas responsible for capital asset acquisitions, such as Retail Facilities & Operations, Supply Chain, Corporate Facilities, Technology, Merchandising, Delivery Services, among others, as well as with other sections of Accounting/Finance like Tax, External Reporting, Accounting & Consolidations, FP&A, Corporate Finance, Retail Finance, and Supply Chain Finance. In this role, your primary objective is to administer accounting policies and procedures related to capital assets, resolving issues to facilitate accurate reporting on a monthly, quarterly, and annual basis in compliance with U.S. Generally Accepted Accounting Principles (US GAAP) and Company Policy. This involves researching, managing, tracking, reporting, and reviewing financial activities to ensure the accuracy of accounting records. Additionally, you will support the execution and design of internal controls over financial systems, as well as financial and regulatory reporting, by independently applying experienced accounting judgment and advanced knowledge of US GAAP and regulatory requirements in daily operations. Core Responsibilities: - Capital Asset Accounting Experience, preferably with internal-use software experience (ASC 350-40) - Strong communication skills to interact frequently with US team peers and business partners - Good ERP experience, preferably with experience in capitalizing from a Projects/Project Costing module - Collaborate in a team environment to assist business partners and team members in processing financial activities that require technical accounting knowledge specific to capital assets - Understand and communicate capital versus expense guidance to various business areas and oversee these decisions within the capital asset team - Conduct moderately complex analyses, timely reconciliations, and research financial transactions to identify issues and determine resolutions - Support monthly, quarterly, and annual closing cycles according to prescribed rates, laws, and regulations - Prepare variance explanations for monthly, quarterly, and annual analysis and identify process improvement opportunities - Work with internal and external auditors, provide required data and information, and oversee testing around financial controls to support SOX compliance - Manage small projects/initiatives and participate in broader projects within a finance function to deliver effective financial solutions The ideal candidate should possess a Bachelor's degree in accounting with 4 to 6 years of post-qualification experience, along with a CA/CPA certification. Required skills include advanced GAAP concepts, experience in Fixed Assets, reconciliation and reporting expertise, and proficiency in Excel. Desired skills include experience with PeopleSoft ERP system, Oracle Cloud, and Power BI knowledge would be an added advantage.,