About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Bengaluru, Lowe's India develops innovative technology products and solutions and delivers business capabilities to provide the best omnichannel experience for Lowe's customers. Lowe's India employs over 4,200 associates across technology, analytics, merchandising, supply chain, marketing, finance and accounting, product management and shared services. Lowe's India actively supports the communities it serves through programs focused on skill-building, sustainability and safe homes. For more information, visit, www.lowes.co.in.
About the Team:
Provides accounting support to Merchants and Vendors for Accounts Receivable, along with preparing reports for management review. They also ensure that all financial reports comply with generally accepted accounting principles (GAAP) and other relevant regulations. The team regularly reviews and updates its receivables policies and procedures, staying informed of changes in accounting standards and regulations.
Job Summary:
The primary responsibility of this role is to ensure that all vendor funds are accurately tracked, documented, accrued, collected, and properly recorded in Lowe's financials. In addition to managing vendor funds, this role involves overseeing the resolution of vendor disputes in a timely manner and ensuring that all cost updates are promptly entered into the system. This position also ensures that financial transactions are accurately accounted for and classified within the company's financial statements in compliance with company policy and U.S. Generally Accepted Accounting Principles (US GAAP). The role demands strong analytical skills, meticulous attention to detail, and the ability to develop and implement strategies to enhance the accounts receivable process.
Roles & Responsibilities:
Core Responsibilities:
Monitoring, report out and analyze business performance and other KPIs which inform the business.
Ensure 100% accuracy and 100% timely deliverables.
Advanced Accounting knowledge to apply logic on how Audits are performed.
Work effectively and efficiently with team members and be able to strike a balance between multiple process.
Drives customer satisfaction by ensuring trade receivable activities are performed as per customer expectations and service level agreements.
Work on extracting, cleansing, converting and presenting data according to requirements.
Understand and contribute to ideation and execution of ad-hoc & tactical projects.
Be a team player, by stepping into business problems which may not be associated with the main business to which he/she may be aligned to
Prior working experience with Trade Receivables systems Open text, Imaging, People soft
Key contact for SSCM relating to the processes mentioned above.
Builds and maintains strong relationships with the Mooresville team to ensure timely payment and issue resolution.
Years of Experience:
Required:
10 years - overall combined experience in accounting (industry or public)
4 years accounting experience in large ERP environment (Oracle and/or PeopleSoft preferred)
Preferred:
Experience with process improvements/system enhancements/automation related to accounting functions.
Experience performing and/or reviewing account reconciliations.
Education Qualification & Certifications (optional)
Required Minimum Qualifications:
Bachelor's degree in accounting, Information Systems or other related field
CA/CPA (preferred)
Skill Set Required
Primary Skills (must have)
Ensure Accountability - Holding self and others accountable to meet commitments.
Accounting and Retail Acumen deep understanding of, accounts receivables, vendor funding, rebates, etc.
Self-motivated, and excellent verbal/written skills
Excellent time management/organizational skills
Being Organizationally Savvy - The ability to maneuver well to accomplish work within own function and with strategic business partners. This includes the ability to build and grow a network of partnerships, develop an understanding of formal and informal decision-making processes, and leverage knowledge of functional and cross-functional operations to accomplish work objectives.
Communicating Effectively - The ability to effectively develop and communicate one's perspectives and ideas. This includes the ability to convey a compelling message, engage the audience, and adapt the message, delivery, and point-of-view based on the audience's real-time or anticipated reactions. This also includes active listening, and eliciting questions, participation, and buy-in from the audience.
Solve Complex Problems - Making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
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.
