IND_Accountant Cost and Margin Accounting

Job title: IND_Accountant Cost and Margin Accounting

Company: Lowe’s


Job description: 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.About Lowe’s IndiaLowe’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, visitAbout the Team:The Cost and Margin accounting team maintains accounting for vendor funding programs and the accruals for periodic promotions. The team involves in managing Vendor allowance programs, Supply chain/ Revenue reporting and month end activities to maintain the books of accounts for sanity of data and accurate accruals. The team performs any activities and addresses any queries from vendor to maintain relationships and execute accurate periodic deductions. The team also maintain merchandising cost catalog for accurate order processing and reduce daily chargeback intakes.Job Summary:The primary purpose of this role is to capture moderately complex financial activities and resolve issues in accounting records to enable accurate reporting on a monthly, quarterly, and annual basis. This includes responsibility for conducting effective research, managing, tracking, reporting, and reviewing work on financial activities according to various international, federal, state, and local obligations to ensure accounting records are correct. In addition, this role executes internal controls over financial and regulatory reporting, by working independently to apply experienced accounting judgment and knowledge of GAAP and regulatory requirements in daily activity.Core Responsibilities:

• Executes financial activities in a timely and efficient manner, with a focus on activities that require applying practiced knowledge of moderately complex systems, business processes, and GAAP principles to unique situations.
• Prepares and evaluates reports to ensure accuracy of financial reporting and analysis.
• Performs analysis (i.e. historical, forecasting, impact, etc.) and reconciliations to support monthly, quarterly and annual closing cycles according to prescribed rates, laws, and regulations.
• Reviews reports, analysis and reconciliations prepared by Accountants to ensure the accuracy of financial reporting and analysis.
• Research various financial activities to identify moderately complex issues, explaining findings to principal accountants, managers, and directors to determine resolution.
• 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.
• Maintains appropriate supporting documents, provisions, and other details for accounting transactions and entries.
• Communicates effectively within the team, across other functions, and with external parties to ensure alignment.
• Partners with team and the business to identify transaction issues and procedure improvement opportunities to more-effectively support the needs of the Finance organization.
• Mentors and trains lower-level accounting employees in the development of accounting skills, knowledge of key principles, regulations, etc.
• Works with external (regulatory and third party) and independent auditors for transactions to provide required data and information to ensure accuracy.
• Executes testing around financial controls to provide documentation and support for SOX compliance in respective financial area.
• Serves as PO Recon Subject Matter Expert / Team Trainer
• Special projects as assigned.
• Ensure all assigned unpaid invoices, disputes & returns are resolved in a timely manner.
• Prioritize the ageing and urgent requests on regular basis
• Maintains appropriate supporting documents, provisions, and other details for accounting transactions and entries
• Explains current accounting practices and closing cycle procedures and requirements
• Follow the escalation matrix and keep the Supervisor/ global stake holders informed on all process changes/escalations.

Years of Experience:

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

Education Qualification & Certifications (optional)Required Minimum Qualifications:

• Bachelor’s degree in accounting or related field.
• 3-4 years of experience in accounting (public or private) or relevant experience.

Skill Set RequiredPrimary Skills (must have)

• Advanced GAAP concepts and financial controls (to apply this knowledge to the design and execution of activities within the respective area)
• Reconciliation, GL Experience
• Advanced skills in MS office programs (Excel, Word, Access)
• Strong understanding of accounting systems
• Demonstrated experience working cross-functionally.
• Ability to effectively communicate in English (oral and written)

Secondary Skills (desired)

• Experience with PeopleSoft ERP system
• Experience with Oracle Cloud.
• Power BI would be an added advantage.
• Master’s degree in accounting

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.

Expected salary:

Location: Bangalore, Karnataka

Job date: Sat, 26 Jul 2025 04:42:12 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.pro) you saw this job posting.Thanks&Good Luck