Immediate Start: Ind Sr Associate, Pay Audit

About LowesLowes Companies Inc NYSE LOW is a FORTUNExc2xae 50 home improvement company serving approximately 16 million customer transactions a week in the United States With total fiscal year 2024 sales of more than 83 billion Lowes operates over 1 700 home improvement stores and employs approximately 300 000 associates Based in Mooresville N C Lowes supports the communities it serves through programs focused on creating safe affordable housing improving community spaces helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need For more information visit Lowes com About the TeamThis team is responsible for overseeing various activities aimed at ensuring timely and accurate payments to Lowes carriers and associates Their duties range from onboarding different types of vendors into our payment systems to monitoring the accuracy of bills through vendor invoice and employee expense record audits for enterprise purposes Additionally they handle the creation of invoices in ERP for carriers without access to SSI EDI payment systems facilitating prompt payments Job Summary This team works specifically on Audits of all the invoices processed to ensure right amount is being paid to the right vendor for the expense and trade for US This role will be responsible to ensure 100 of invoices processed by invoice processing team are Audited before any payment goes out to the Vendor or Merchant who provides Lowes Services or Goods They also ensure to stop any duplicates if processed in error and ensure the payment is stopped This role will be responsible for monitoring vendor payment holds in PeopleSoft works on the Vendor credit statements and works on the check cancellation requests They will ensure that all the assigned General Ledger accounts are reconciled after the month end to ensure there is no variance in the accounts and Ledger Balances are in place before any Financial reporting happens Roles Responsibilities Core Responsibilities Responsible for auditing the invoices processed by invoice processing team and take necessary actions if required Extensive experience and knowledge in Accounts payable process - PO and NON-PO invoices Should complete the assigned work accurately and in a timely manner Responsible for researching suspect duplicates based on report Conduct analysis and take action if needed Responsible for maintaining and monitoring vendor payment holds in PeopleSoft Analyzing vendor accounts and collect credits from Vendors Comparing vendor terms and Lowes terms recorded in system and update to best terms before releasing the payment Responsible for reviewing the recycled invoices in PeopleSoft to determine validity of invoice and revise with additional information if needed Responsible for follow up with GL team to trace cheques and requesting for stop payments Reconciliate GL accounts based on variance research Responsible for maintaining SOPs and process Manuals and intimate to the team lead for necessary amendments Achieve the given targets and KPIs Active participation in all process related trainings and team meetings Knowledge of accounting databases and tracking the regular activities Ability to collaborate manage client requests and answer queries track the FAQs regularly Maintain Zero escalations Support all system enhancement project Years of Experience A solid background of 2-6 years in accounting services Education Qualification Certifications optional Required Minimum Qualifications Bachelor of Commerce Accounting Finance Skill Set RequiredPrimary Skills must have Knowledge of Peoplesoft accounting software Knowledge in Opentext application Preferred knowledge in MS Database Hands on experience on any ERP Data warehouse such as SAP Oracle Mainframe etc Excellent communication both oral written Secondary Skills desired Proficiency in MS Tools Lowe 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