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Full Job Description
The principal purpose of the Sr. Accounting Manager – Retail Capital &
Expense Accounting role is to oversee the monthly, quarterly, and
annual close and reporting processes for leases, impairment, and
excess property; partner with key finance and functional area
leadership to forecast and assess impacts of activities on operating
results; and evaluate and align accounting processes to be in
accordance with US GAAP and Lowe’s accounting policies. This role will
also manage a team of four direct reports.
Key
Responsibilities:
Oversee accounting for real estate and
equipment leases, including the creation of finance and operating
right-of-use assets and liabilities; adjustments driven by lease
amendments and modifications; monthly lease expense, amortization, and
interest expense recognition; and lease expirations and
terminations
Manage the accounting processes for all leased
assets within Lucernex
Manage percentage rent analyses,
reporting, and payments
Oversee the quarterly impairment review
process for long-lived assets
Manage the accounting processes for
the Excess Property portfolio
Monitor and account for property
sales in conjunction with Finance and Real Estate partners
Budget
and forecast for lease expense, amortization, and all other property
expense lines
Review monthly, quarterly, and annual financial
packages, providing variance commentary and analysis to support
management reporting
Prepare quarterly and annual footnote
disclosures in the Company’s 10-K filing for asset and lease related
disclosures
Maintain SOX compliance with key internal controls
and continuously evaluate the internal control environment related to
financial reporting, account reconciliations and journal entry
processing
Evaluate new/modified accounting standards, business
investments, and strategic initiatives for impact on policies,
processes, and procedures
Communicate effectively (verbal and
written) with senior management including accounting requirements,
variance analysis and forecasted financial results
Manage team
performance by providing vision, motivation, and recognition
Required Qualifications:
Bachelor’s degree in Accounting
or related field
5 years’ experience in Accounting or related
field
Certified Public Accountant or MBA
Experience working
cross-functionally & with senior leadership
Preferred
Qualifications:
Public accounting and/or technical
accounting research experience
Experience with PeopleSoft ERP
system
Experience with Oracle Hyperion Financial Management
Experience with Lucernex (lease accounting)
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.
