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Full Job Description
JOB SUMMARY:
Leads a team dedicated identifying and
collecting vendor funds due to Lowe’s. This is accomplished by
ensuring all weekly and month-end processes and analyses are completed
timely and accurately as well as actively participating in several
projects supporting the company’s strategic objectives. Partners with
management and subject matter experts in other departments to complete
assessments and to develop resolutions. Adjusts departmental policies
and procedures to accommodate and communicate those changes as needed
to other impacted parties. Responsible for producing and reviewing
data and analyses sent to both External and Internal auditors.
Partners with merchants, finance, and vendors to review margin
analysis and reports to ensure all applicable programs are
captured.
Actively participate in other initiatives by
serving as a liaison and/or a subject matter expert in any areas
impacting Margin Accounting.
RESPONSIBILITIES
–
Leads a team of responsible for margin for Lowe’s. This 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. Assessment
includes a review of the potential impact to overall processes, IT
systems, GAAP compliance and other regulatory guidelines (SOX, etc.).
Cooperate with Management and subject matter experts in other
departments to complete assessments and to develop resolutions. Based
on the assessment, 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 margin for selected Merchandise Divisions as well as
reporting and analyses that focus on the same. Partners with
merchants, Finance, and vendors to review margin analysis and
reports.
– Partners with the recovery team and Lowe’s
primary and secondary external audit firms to determine if additional
funds are due to Lowe’s and to make corrections so CY programs are
accurate.
– Guides direct reports in the successful
resolution of both processes and supervisory issues.
–
Prepares strategic plans to ensure the timely success of new
departmental and company initiatives to assess the potential impact
and required participation from the group. Partner with subject matter
experts in other departments to on margin related issues and processes
and complete analysis to develop resolutions. After review, takes
appropriate action to establish and/or adjust departmental policies
and procedures to accommodate and communicate those changes as needed
to other impacted parties.
– Responsible for certain month
end accruals, variance explanations and account reconciliations.
– Conduct periodic review of processes and procedures to yield
improved efficiency and timeliness
– Take the lead in
representing the department on several important company initiatives
such as system modernizations, allowance program expansion, etc.
– Analyzes the accounting and processing of vendor funds to
detect, analyze and correct margin issues.
– Provides
accounting guidance to Merchants on proposed buying agreements, vendor
funds agreements, etc. to ensure appropriate deal structure.
– The Accounting Manager is responsible for identifying and
implementing process improvements as well as maintaining formalized
policies and procedures for their specific areas of responsibility.
– Actively participate in other initiatives by serving as a
liaison and/or a subject matter expert in any areas impacting Margin
Accounting.
REQUIRED EDUCATION / EXPERIENCE
Bachelor’s Degree in Accounting/Business Administration or related
area
7-10 years Experience in accounting, leadership,
problem solving, process improvement, and communication
5
– 7 years’ supervisor experience
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 at a large public
retailer.
Proficiency is desired in the following technical
areas: MS Office, People Soft, HFM, and DART or other large
transactional databases.
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
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
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Starting rate of pay may vary based on factors
including, but not limited to, position offered, location, education,
training, and/or experience.
