Sr Accountant

About Lowe's

Lowe’s is a FORTUNE® 100 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 India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India

About the Team:

The Capital Asset Accounting team is responsible for the accurate and timely recording and reporting of capital asset transactions for compliance with U.S. Generally Accepted Accounting Principles (GAAP) and consistent application of company policy and system control procedures. Capital asset transactions include systematic processing and recording of asset additions, retirements, adjustments, and depreciation within asset records. The Capital Asset Accounting team works closely with various business areas responsible for capital asset purchases (i.e. Retail Facilities & Operations, Supply Chain, Corporate Facilities, Technology, Merchandising, Delivery Services, etc.) as well as other areas of Accounting/Finance (i.e. Tax, External Reporting, Accounting & Consolidations, FP&A, Corporate Finance, Retail Finance, Supply Chain Finance, etc.). 

Job Summary:

The primary purpose of this role is to administer accounting policy and procedures related to capital assets and resolve issues to enable accurate reporting on a monthly, quarterly, and annual basis as per US Generally Accepted Accounting Principal (US GAAP) and Company Policy. This includes responsibility for researching, managing, tracking, reporting, and reviewing financial activities to ensure accounting records are correct. In addition, this role supports the execution and design of internal controls over financial systems as well as financial and regulatory reporting, by working independently to apply and provide experienced accounting judgment and advanced knowledge of US GAAP and regulatory requirements in daily activity.

Roles & Responsibilities:

Core Responsibilities:

• Capital Asset Accounting Experience-Preferably, one resource with internal-use software experience (ASC 350-40)
• Strong communication skills , have frequent interaction with US team peers and business partners.
• Good ERP experience, Preferably, has experience capitalizing from a Projects/Project Costing module.
• Work in a team environment including assisting business partners and team member in the timely processing of financial activities that require the application of technical accounting knowledge specific to capital assets.
• Understands and communicates capital versus expense guidance to various business areas and provides oversight of these decisions within the capital asset team.
• 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 related to the resolution of complex accounting transactions.
• Ensures appropriate supporting documents, provisions, and other details for journal entries are maintained and provided to appropriate stakeholders.
• Prepare and communicate variance explanations for monthly, quarterly, and annual analysis.
• Partners with team and the business to identify transaction issues and process improvement opportunities to support the needs of the Finance organization more-effectively.
• Works with internal and external auditors to provide required data and information.
• Designs and oversees testing around financial controls to support SOX compliance for respective financial area.
• Manages small projects/initiatives and/or participates in broader projects, working with and directing teams within a finance function to deliver the best solutions to financial issues

Years of Experience:

• Post Qualification 5 years.
• Bachelor’s degree in accounting with 4 to 6 years of Experience.

Education Qualification & Certifications (optional)

Required Minimum Qualifications:

List the education, certification, and work experience for an incumbent in the job. Enter the Minimum Qualifications and Preferred Qualifications as directed, and delete the areas not used.

List the education, certification, work experience and skills required to minimally qualify an individual for the job.

• Bachelor's degree  
• CA/CPA

Skill Set Required

Primary Skills (must have)

• Advanced GAAP concepts and financial controls (to apply this knowledge to the design and execution of activities within the respective area)
• Experience working in Fixed Assets (Asset creation, retirement, Depreciation, Project costing etc)
• Reconciliation and Reporting.
• Expertise in Excel

Secondary Skills (desired)

• Experience with PeopleSoft ERP system
• Experience with Oracle Cloud.
• Power BI would be an added advantage.

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.