Manager- Finance Shared Services

About Lowes:

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:

This team manges the reconciliation of the inventory for all our stores and Depots. The team consumes the information from the field Inventory team s data and reconciles the inventory of the stores and dept and assesses the impact of Overs and Unders. Provides accounting support for the retail accounting team and ensures that the impact of Overs and Unders are accounted correctly in the books of Accounts. The team ensures the goods receipts and movements invoices are accounted properly and interacts with the DC and Store teams. They also ensure that all financial reports comply with generally accepted accounting principles (GAAP) and other relevant regulations.

Job Summary:

The primary responsibility of this role is to lead a team of individual contributors who are the auditors of the Stores and Depots of Lowes. The Inventory adjustments are managed by the team by ensuring the correct entries are recorded in the books of accounts. Work with the Store and DC teams in the US to ensure that the differences if any are cleared in the books. All the business 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. He/she should be able to navigate the talented team and mentor them to develop to take up higher responsibilities in the organization.

Roles & Responsibilities:

• Leads a team of individual contributors by providing direction, feedback, and oversight to ensure a high standard of excellence.
• Manages the daily operations of the Inventory reconciliation department,. Prepares and evaluates reports to ensure the accuracy of financial reporting and analysis.
• Ensures that supporting documents, provisions, and other details for journal entries and account reconciliations are properly maintained and documented before approval.
• Oversees the accuracy and completeness of Reconciliations and transactions.
• Supervises, mentors, and develops the team by setting performance goals and conducting regular performance reviews.
• Collaborates with the business to understand new transactions or changes and ensures that accounting processes are properly designed and updated in a timely manner.
• Continuously reviews existing processes to identify areas for improvement and drive efficiencies.
• Prepares and presents regular reports on performance, including key metrics such as aging and pending reports.
• 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)
• 6 years - experience managing teams of individual contributors.

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, Inventory accounting, GFR, etc.
• Self-motivated, strong leadership skills 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 ones 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 audiences 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.
• Collaborate with retail business operations teams to resolve discrepancies if any with interaction with the related teams

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.