Job Description

At Lowe\'s India, we are the enablers who help create an engaging customer experience for our nearly $90 billion home improvement business at Lowe\'s. Our 3100+ associates work across technology, analytics, business operations, finance & accounting, product management, and shared services. We leverage new technologies and find innovative ways to ensure Lowe\'s has a strong competitive edge in the market. Lowe\xe2\x80\x99s India is certified as a Great Place to Work by the Great to Place to Work\xc2\xae Institute, India, and has been recognized as one of Economic Times Best Brands for 2020.Our Technology team supports E-commerce, Mobile, IT & Cloud Infrastructure, and Corporate Systems at Lowe\'s India, enabling various functions such as supply chain, merchandising, distribution, corporate services, etc. The Data & Analytics teams help make data-driven decisions in merchandising, store operations, finance, and supply chain. The Business Services team builds business services capabilities across Merchandising, Marketing, Supply Chain, Store Operations, Enterprise Item Content, and Private Brands. The Finance and Accounting team manages Transaction Accounting, Customer and Inventory Accounting, Margin and Cost Accounting, Financial Planning and Analysis, Business Finance support, Tax and Enterprise Strategic Sourcing for the U.S. and Canada business. The Product Management team builds and manages tech products and solutions for our stores and online channels. And Lastly, our Shared Services team empowers other groups to do their job well. To know more about Lowe\xe2\x80\x99s India, visitThe primary purpose of this role is to ensure that Right-of-Use assets, liabilities, and expenses are properly accounted for and classified within the company\'s financial statements in accordance with company policy and U.S. Generally Accepted Accounting Principles (US GAAP), specifically under ASC 842. This role will be responsible for ensuring the timely and accurate completion of monthly equipment lease accounting processes related to retail, corporate, and supply chain locations. This role will be responsible for providing inputs into the preparation of monthly financial reporting packages, including monthly Income Statements, Balance Sheets, Cash Flows, and Executive Reporting Analyses, and will be responsible for conducting research and providing commentary and insights for significant variances to targets.This role will be the organization\xe2\x80\x99s primary accounting partner for equipment lease related transactions. This position will be responsible for providing guidance on lease accounting, as needed, and will be responsible for ensuring a proper internal control structure is in place and ensuring SOX compliance as it relates to lease accounting. This position will have direct interaction with internal and external auditors and will partner with Finance in setting quarterly and annual budget/forecast targets.Executes financial activities in a timely and efficient manner. Manages and performs moderately complex financial analysis (i.e., forecasting, variance analysis, contract reviews, etc.) and reconciliations to support monthly, quarterly, and annual close cycles, with a focus on activities that require knowledge and understanding of US GAAP and business processes.Prepares and evaluates reports to ensure accuracy of financial reporting and analysis.Ensures appropriate supporting documents, provisions, and other details for journal entries and account reconciliations are maintained and documented prior to approval.Researches various financial activities to identify moderately complex issues, explaining findings to principal accountants, managers, and directors to determine resolutionPartners with the business to understand new transactions or changes in the business to ensure accounting processes are properly designed and updated timely. Performs ongoing review of existing processes to identify process improvements and to drive efficiencies.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.Executes testing around financial controls to provide documentation and support for SOX compliance in respective financial area.Communicates effectively within the team, across other functions, and directly with auditors to resolve questions and issues.Years of Experience:Post Qualification 5 years.Education Qualification & Certifications (optional)Bachelor\'s degreeCA/CPASkill 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)Experience working in Fixed Assets. (Asset creation, retirement, Depreciation, Project costing etc)Reconciliation and Reporting.Expertise in ExcelPower BI would be an added advantage.Secondary Skills (desired)Experience with PeopleSoft ERP systemExperience with Oracle HyperionLowe\'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.

Lowe\xe2\x80\x99s