Lowe's India
Location
Delhi | India
Job description
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 . About Lowe’s India: At Lowe's India, we are the enablers who help create an engaging customer experience for our $97 billion home improvement business at Lowe's. Our 4000+ associates work across technology, analytics, business operations, finance & accounting, product management, and shared services. We leverage new technologies and find innovative methods to ensure that Lowe's has a competitive edge in the market. To know more about Lowe's India, visit Lowes.co.in . About the Team The accounts payable team maintains the master vendor file, receiving vendor invoices, coding or uploading invoices into a financial or accounts payable automation system, verifying and matching invoices, routing for approval, and processing payments. The accounts payable process also includes responding to vendor inquiries, negotiating terms, and ensuring vendors are paid on time. Other accounts payable processes include maintaining internal controls from identifying duplicate or fraudulent invoices, preventing duplicate payments, and accounts payable audits, reconciliation and handling GL accounts. 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. Roles & Responsibilities: 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 support the needs of the Finance organization more-effectively. 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 Specialist/Senior Specialists informed on all process changes/escalations. Years of Experience: 4+ years of experience Education Qualification & Certifications (optional) Required Minimum Qualifications : Bachelor’s degree in accounting or related field 2-3 years of experience in accounting (public or private) or relevant experience Skill Set Required Primary Skills (must have) Key Skill: US GAAP, Financial Reporting & Reconciliation, General Ledger, Accounts Payable Demonstrated understanding of advanced US 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) Master’s degree in accounting CPA, CA, or ICWA Candidate Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, 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 state or local law. Lowe’s wishes to maintain appropriate standards and integrity in meeting the requirements of the Information Technology Act’s privacy provisions.Job tags
Salary
$ 2022 p.a.
