Process Associate - Cost and Margin Accounting

At Lowe's India, we are the enablers who help create an engaging customer experience for our nearly $90 billion home improvement business at Lowe's. Our 3100+ associates work across technology, analytics, business operations, finance & accounting, product management, and shared services. We leverage new technologies and find innovative ways to ensure Lowe's has a strong competitive edge in the market. Lowe’s India is certified as a Great Place to Work by the Great to Place to Work® Institute, India, and has been recognized as one of Economic Times Best Brands for 2020.

Our Technology team supports E-commerce, Mobile, IT & Cloud Infrastructure, and Corporate Systems at Lowe's India, enabling various functions such as supply chain, merchandising, distribution, corporate services, etc. The Data & Analytics teams help make data-driven decisions in merchandising, store operations, finance, and supply chain. The Business Services team builds business services capabilities across Merchandising, Marketing, Supply Chain, Store Operations, Enterprise Item Content, and Private Brands. The Finance and Accounting team manages Transaction Accounting, Customer and Inventory Accounting, Margin and Cost Accounting, Financial Planning and Analysis, Business Finance support, Tax and Enterprise Strategic Sourcing for the U.S. and Canada business. The Product Management team builds and manages tech products and solutions for our stores and online channels. And Lastly, our Shared Services team empowers other groups to do their job well. To know more about Lowe’s India, visit www.lowes.co.in

The Cost and Margin accouting primarily works on Allowance programs end to end cycle starting from setting up the programs in ERP system until Auditing and raising debit memos for earnings through vendor programs.   

This roles responsibilities will involve in auditing recurring periodic sales and purchase programs setup by the team and ensuring accurate accruals are captured within the system and carry out final adjustments to balance the sheet. This role will also involve in answering vendor inquiries and raising identified chargebacks for adjusted vendor payments.

Roles and responsibilites

1. Carry out sales and purchase audits with 100% timeliness and accuracy

2. Ensure chargebacks are issued on time to maintain vendor relations

3. Answer vendor inquiries related to allowance programs.

4. Process pricing chargebacks and invoice reconciliation

5. Report completed tasks to supervisor in a timely manner

5. Keep stake holders informed of progress on a regular basis

Skils required

1. Fluent in using apllications like Excel, microsoft access database and Lowe's ERP systems

2. Good in written and oral commnication (English)

3. Good Analytical skill and attention to detail
 

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.