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IND_Operations Lead_Import Accounting

4-7 years

Bangalore / Bengaluru

1 vacancy

IND_Operations Lead_Import Accounting

Lowe's

posted 15hr ago

Job Description

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:

  • Supervise and lead the Import Accounting team, providing guidance, training, and performance management.
  • Assign tasks and manage workloads to ensure timely and accurate processing of invoices, payments, and reconciliations.
  • Foster a collaborative and productive working environment.
  • Oversee the processing of vendor invoices, banking activities, and PO Reconciliations and ensure that all transactions are processed accurately and within agreed-upon timelines.
  • Manage the AP month-end and year-end closing processes, ensuring timely reconciliations and financial reporting.
  • Identify opportunities for process improvements and automation to increase efficiency and reduce errors.
  • Work with internal stakeholders and external vendors/Maersk Team/IT Teams to streamline workflows and implement best practices.
  • Monitor KPIs for Open Accounts, Monitor the banking activities on daily basis and po reconciliations completed before its aged.
  • Act as a point of contact for all inquiries and disputes for Import Accounting and ensuring issues are resolved promptly
  • Ensure adherence to company policies, internal controls, and regulatory requirements related to Import Accounting.
  • Implement and maintain appropriate controls to prevent fraud and ensure the integrity of financial transactions.
  • Assist in internal and external audits, providing necessary documentation and reports.
  • Prepare and analyze different reports, including aging reports, cash flow from Wells Fargo bank and payment schedules for SCF and Non-SCF vendors.
  • Revisit SOP s every quarter and keep SOPs updated with appropriate approvals.
  • Have regular connects with team members to discuss on their performance, improvement areas and career pathing and provide feedback regularly.
  • Provide insights and recommendations to senior management based on Key performance metrics.

Years of Experience:

  • 9+ 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.

  • Strong leadership and team management abilities.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Proficient in MS Excel.
  • Strong communication skills, both written and verbal.
  • Ability to handle high volumes of transactions and manage multiple priorities.


Lowes 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.


Employment Type: Full Time, Permanent

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Lead Operator salary at Lowe's

reported by 14 employees with 8-16 years exp.
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