Your Impact
Margin Accounting serves as the primary finance contact intermediary for Lowe’s merchandise buyers with respect to vendor funded arrangements (promotional funds, inventory markdown funds, consumer rebates, etc.). The department is tasked with supporting the merchant teams in a fast paced, frequently changing environment. This department also ensures proper accounting methods are used to track, record, and collect these funds from vendor partners. Accounting pronouncements such as FASB Accounting Standards Codification Topic 605 (legacy standard: EITF 02-16) are used as guidelines for accounting treatment. The accurate and timely reporting of vendor funded programs is critical to the success of our company, especially considering the high degree of regulatory oversight in this area, and tremendous growth in the volume and complexity of our vendor funded programs.
What you will do
Oversees a group of individuals responsible for the timely processing of financial activities that require the application of technical accounting knowledge specific to their respective area.
Oversees training, work product review, and employee development within their respective group to build accounting skillset and knowledge and to ensure accuracy of financial reporting and analysis.
Manages and performs moderately complex analysis (i.e. historical, forecasting, impact, etc.) and timely reconciliations to support monthly, quarterly and annual closing cycles according to prescribed rates, laws, and regulations
Research financial transactions related to their areas of responsibility to identify issues and determine appropriate resolution independently.
Executes specials projects and resolution of non-reoccurring complex accounting issues within the respective area to deliver optimal solutions to financial issues.
Communicates effectively within the team, across other functions, and directly with external vendors to resolve audit questions and issues.
Partners with team and the business in order to identify transaction issues and procedure improvement opportunities to more effectively support the needs of the Finance organization.
Required Qualifications:
Bachelor’s Degree in Accounting or related field and 4+ years’ experience in accounting (public or private) or relevant experience OR
Master’s Degree in Accounting and 3+ years’ experience in accounting (public or private) or relevant experience
Advanced skills in MS office programs (Excel, Word, Access)
Demonstrated understanding of advanced GAAP concepts and financial controls (to apply this knowledge to the design and execution of activities within the respective area)
Preferred Qualifications:
Experience leading a team and/or supervising others with direct or indirect reports.
Lowe's finance or accounting experience
Experience with SOX testing and internal controls and compliance
Experience working with diverse teams on enterprise-wide projects
Experience working with global teams
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 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 and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
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.
Pay Range: $81,200.00 - $135,400.00 annually 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.
