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
This role focuses on processing Handling Disputes, Returns reviewing for proper documentation and approvals received and invoices received in system
Job Summary
The Senior Associate in the General Accounting and Bank Reconciliation team plays a key role in managing core accounting operations with a focus on accuracy, compliance, and process improvement. This role is responsible for leading complex reconciliations, supporting month-end close activities, ensuring integrity of general ledger balances.
Roles & Responsibilities
- Bank Reconciliation:
- Oversee the preparation and review of complex daily and monthly bank reconciliations.
- Investigate and resolve reconciling items, ensuring minimal aging of open items.
- Coordinate with Treasury and banking partners to resolve transaction mismatches or issues.
- Lead automation and optimization initiatives for reconciliation processes.
- General Accounting:
- Perform and review journal entries related to cash, accruals, and other general ledger accounts.
- Support the monthly, quarterly, and annual close processes by ensuring timely and accurate reporting.
- Monitor general ledger activity and ensure account balances are properly reconciled and substantiated.
- documentation
- Work effectively and efficiently with team members and be able to strike a balance between multiple process
- Drives customer satisfaction by ensuring activities are performed as per TAT with 100% quality
- Provide ad hoc reporting as requested
- Work effeciently with cross functional teams in accounting for issue resolution
- Work on extracting, cleansing, converting and presenting data according to requirements
- Be a team player, by stepping into business problems which may not be associated with the main business to which you may be aligned to
- Updating of DTP's on quarterly basis
- Ensure 100% accuracy and 100% timely deliverables
Specific Responsibilities
- Prepare reconciliations, monthly journal entries, and respond to store and corporate mailbox queries.
- Work on Change fund audits and Remedy tickets.
- Escalate open items to the senior team members on a timely basis.
- Work on Check Verification and Positive Pay.
- Update the DTPs periodically.
- Support team members in completing activities and tasks as needed.
- Handle inquiries from auditors (internal and external), internal stakeholders, stores, and counterparts effectively.
- Engage proactively in discussions with partners to share and receive process-related updates and information.
- Actively seek out and participate in training opportunities.
- Work closely with the Operations Lead and partners to address challenges, concerns, process updates, and exceptions promptly, ensuring proper documentation.
- Identify and propose process improvement opportunities
Years Of Experience
- 3 - 5 Years of Experience in Finance and Accounting. Prior experience in Retail Business, Gift Card
- Accounting, Cash Application, Collections and Balance Sheet Recon will be added advantage
IV. Education Qualification & Certifications (optional)
Required Minimum Qualifications
- Education level: Bachelor's Degree or above
- Field of Study: Business, Finance, Economics, Accounting or a related field
V. Skill Set Required
Primary Skills (must Have)
- Accounting skills
- Advanced skills in MS office programs (Excel, Word, Access)
- Strong understanding of accounting systems
- Demonstrated experience working cross-functionally
Ability to effectively communicate in English (oral and written)
Secondary Skills (desired)
- Experience with accounting software and online platforms: Trintech/ARCS , BPCS, PeopleSoft/Oracle,
- Mainframe/Bluezone, MS Access Database, BW etc.
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.
