Your Impact
The primary purpose of this role is to supervise a team of individuals responsible for accurately processing and reviewing inventory-related financial activities to enable accurate reporting on a monthly, quarterly, and annual basis. This includes responsibility for conducting effective research, managing, tracking, reporting, and reviewing work (first and/or second level) for financial activities to ensure accounting records are correct. In addition, this role supports the execution and design of internal controls over financial and regulatory reporting, by working independently to apply and provide experienced accounting judgment and advanced knowledge of GAAP to Accountants and Senior Accountants in daily activity. This role also assists in preparing analysis around the Company’s inventory and margin results.
What You Will Do
- Oversee a group of individuals responsible for the timely processing of inventory-related financial activities that require the application of technical accounting knowledge specific to their respective area.
- Oversee 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, especially as it relates to inventory and margin results.
- Manage and often perform moderately complex analysis (i.e. historical, forecasting, impact, etc.) and timely reconciliations to support monthly, quarterly and annual closing cycles according to applicable GAAP standards.
- Research financial transactions related to their areas of responsibility to identify issues and determine appropriate resolution independently.
- Execute special projects and resolution of non-recurring complex accounting issues within the respective area to deliver optimal solutions to financial issues.
- Communicate effectively within the team, across other functions, with upper management, and directly with external vendors to resolve audit questions and issues.
- Partner with team and the business in order to identify transaction issues and procedure improvement opportunities to more effectively support the needs of the organization.
- Be responsible for selecting, hiring, and developing talent to ensure a productive and engaged workforce.
- Create and leads others to ensure an inclusive environment across the organization to foster diverse ideas and perspectives.
- Lead a culture that ensures the team drives towards continual improvement and process excellence.
- Responsible for preparing and reviewing monthly financial statement analysis.
- Prepare and/or review monthly close tasks, as well as weekly tasks, related to in-transit inventory, inventory reserves, weekly inventory cost variances, margin corrections, etc.
Minimum 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)
- Experience leading a team and/or supervising others with direct or indirect reports
Preferred Qualifications
- Certified Public Accountant (CPA) or CPA candidate
- Master’s Degree in Accounting
- Experience with inventory-related accounting
- Lowe's finance or accounting experience
- Experience working with diverse teams on enterprise-wide projects
- Experience working with global teams
- Experience with Enterprise Resource Planning (ERP) systems
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 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.
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.
