IND_Operations Lead_Import Accounting

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

The primary role of Import Accounting is to support the accounting and control processes related to Lowe s import programs as facilitated by Lowe s wholly owned subsidiaries, Lowe s Global Sourcing (LGS). The primary functions are to assist in the vendor setup process for new import vendors, to facilitate payments to import vendors and third-party service providers, to monitor import receipts, and to file claims when applicable. Team is also responsible for reconciling payments to PO estimates that result in inventory or margin adjustments and for providing support to both U.S. Customs and LGS.

Job Summary:

The Import Accounting Operations Lead will oversee the daily activities of the Open Account processes, Banking Activities and PO Reconciliations and ensure vendor invoices processed on time and accurately. Also manage banking activities and Reconciliations daily/weekly/monthly and adhere to the guidelines. This role requires to manage a team of 8-12 Senior associates to Senior Specialists and responsible for implementing best practices, drive process improvements and enhance efficiency keeping in mind the company s policies.

Roles & Responsibilities:

Years of Experience:

Education Qualification & Certifications (optional)

Required Minimum Qualifications :

Education : Bachelor s degree in accounting, Finance, or related field (required).

Experience : 5+ years of experience in accounts payable or related accounting functions, with at least 4 years in a leadership role.

Skill Set Required

Primary Skills (must have)

Key Skillsets: People management, Accounts Payable, P2P, Process Transition Experience, Basic Accounting (Journal Entries, Month-end, Year-end Closure, PO Reconciliation, GL Experience), Excellent communications(Written and Oral), process improvement, and stakeholder management.