The primary purpose of this role is to supervise a team of individuals
responsible for accurately processing and reviewing 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 and regulatory requirements to
Accountants and Senior Accountants in daily activity.
KEY
RESPONSIBILITIES
Supervises a team member(s) responsible
for the timely processing of financial activities that require the
application of technical accounting knowledge specific to their
respective area.
Coordinates efforts with Lowe’s primary and
secondary external audit firms to determine if additional funds are
due to Lowe’s.
Leads a team responsible for post audit recovery –
includes the periodic review of departmental activities to ensure that
no undetected issues have arisen and that discovered issues are
assessed for potential impact to the department and/or other groups.
Collaborate with Executive Management and subject matter experts in
other departments and externally to complete assessments and to
develop resolutions. Take appropriate action to establish and/or
adjust departmental policies and procedures to accommodate and
communicate those changes as needed to other impacted parties.
Monitors all components of internal reporting and internal and
external recovery claims for the entire company as well as reporting
and analyses that focus on the same.
The team also evaluates
identified claims in order to develop and implement processes to
prevent recurrences. The team performs its work in cooperation with
other members of Finance, Merchandising and Vendors.
Responsible
for forecasting and recording the funds identified during the recovery
process and for regularly communicating and reporting the status of
current year and post audit results.
Additionally, 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 often
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.
Ensures appropriate supporting documents, provisions, and other
details for financial activities and entries are maintained and
provided to appropriate stakeholders. Communicates effectively within
the team, across other functions, and directly with external auditors
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. Works with external (regulatory and third party)
and independent auditors for transactions to provide required data and
information to ensure accuracy. Designs and oversees testing around
financial controls to support SOX compliance for respective financial
area.
REQUIRED EDUCATION / EXPERIENCE
Bachelor’s
Degree in Accounting/Business Administration or related area
3-5
years’ experience in accounting, leadership, problem solving, process
improvement, and communication
ADDITIONAL EXPERIENCE
Strong
leadership and supervisory experience
Strong analytical and
problem-solving skills with the ability to prioritize and accomplish
multiple tasks concurrently
Strong analytical and problem-solving
skills with the ability to understand and interpret large volumes of
data and think outside of the box
Strong leadership skills with
the ability to lead multiple teams and build relationships across
organization and externally
Master’s Degree (MBA) or CPA
preferred with prior experience in revenue and inventory accounting
cycles.
Proficiency is desired in the following technical areas:
MS Office, People Soft G/L, and DART software systems.
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE®
50 home improvement company serving approximately 17 million customer
transactions a week in the U.S. With total fiscal year 2022 sales of
over $97 billion, approximately $92 billion of sales were generated in
the U.S., where 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.
#LI-Onsite
EEO Statement
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.
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