Sr Accountant

About Lowes Lowes is a FORTUNExc2xae 100 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 Team The Capital Asset Accounting team is responsible for the accurate and timely recording and reporting of capital asset transactions for compliance with U S Generally Accepted Accounting Principles GAAP and consistent application of company policy and system control procedures Capital asset transactions include systematic processing and recording of asset additions retirements adjustments and depreciation within asset records The Capital Asset Accounting team works closely with various business areas responsible for capital asset purchases i e Retail Facilities Operations Supply Chain Corporate Facilities Technology Merchandising Delivery Services etc as well as other areas of Accounting Finance i e Tax External Reporting Accounting Consolidations FP A Corporate Finance Retail Finance Supply Chain Finance etc Job Summary The primary purpose of this role is to administer accounting policy and procedures related to capital assets and resolve issues to enable accurate reporting on a monthly quarterly and annual basis as per US Generally Accepted Accounting Principal US GAAP and Company Policy This includes responsibility for researching managing tracking reporting and reviewing financial activities to ensure accounting records are correct In addition this role supports the execution and design of internal controls over financial systems as well as financial and regulatory reporting by working independently to apply and provide experienced accounting judgment and advanced knowledge of US GAAP and regulatory requirements in daily activity Roles Responsibilities Core Responsibilities Capital Asset Accounting Experience-Preferably one resource with internal-use software experience ASC 350-40 Strong communication skills have frequent interaction with US team peers and business partners Good ERP experience Preferably has experience capitalizing from a Projects Project Costing module Work in a team environment including assisting business partners and team member in the timely processing of financial activities that require the application of technical accounting knowledge specific to capital assets Understands and communicates capital versus expense guidance to various business areas and provides oversight of these decisions within the capital asset team Manages and often performs moderately complex analysis i e historical forecasting impact etc and timely reconciliations to support monthly quarterly and annual closing cycles according to prescribed rates laws and regulations Research financial transactions related to their areas of responsibility to identify issues and determine appropriate resolution independently Executes specials projects related to the resolution of complex accounting transactions Ensures appropriate supporting documents provisions and other details for journal entries are maintained and provided to appropriate stakeholders Prepare and communicate variance explanations for monthly quarterly and annual analysis Partners with team and the business to identify transaction issues and process improvement opportunities to support the needs of the Finance organization more-effectively Works with internal and external auditors to provide required data and information Designs and oversees testing around financial controls to support SOX compliance for respective financial area 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 Years of Experience Post Qualification 5 years Bachelors degree in accounting with 4 to 6 years of Experience Education Qualification Certifications optional Required Minimum Qualifications Bachelor s degree CA CPA Skill Set Required Primary 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 Excel Secondary Skills desired Experience with PeopleSoft ERP system Experience with Oracle Cloud Power BI would be an added advantage 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