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About Lowe s Lowe s is a FORTUNE 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 Lowe s operates over 1 700 home improvement stores and employs approximately 300 000 associates Based in Mooresville N C Lowe s 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 Lowe s India the Global Capability Center of Lowe s Companies Inc is a hub for driving our technology business analytics and shared services strategy Based in Bengaluru with over 4 500 associates it powers innovations across omnichannel retail AI ML enterprise architecture supply chain and customer experience From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform Lowe s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability For more information visit About the Team The Accounting Department is responsible for ensuring accurate financial management across various functions including Customer Payments Accounting Cost and Margin Analysis Vendor Set-Up and Maintenance Expenses Payables Invoice Processing and Capital Assets and Inventory Accounting This role involves maintaining and reconciling the General Ledger ensuring the reporting of accurate balances of P L and Balance Sheet processing invoices and supporting comprehensive Reporting and Analytics to guide business decisions The department also plays a key role in transforming IT tools and systems to streamline accounting processes improve data accuracy and enhance overall efficiency contributing to the company s financial integrity and operational success Job Summary The Accounting Associate plays a crucial role in recording maintaining the accuracy and integrity of the financial records for accounting operations in a timely manner The individual will be responsible for managing day-to-day accounting tasks ensuring compliance with accounting standards ensure the appropriately documented applicable internal controls and procedures are follwed and support the overall financial health of the business This position is ideal for candidates who have good understanding of accounting principles are detail-oriented analytical and enjoy working in a dynamic environment Roles Responsibilities Core Responsibilities Daily Activities Record and process daily sales transactions vendor invoices payments receipts into the accounting system Reconcile cash registers and ensure daily banking processes are followed Perform inventory accounting and ensure proper documentation of merchandise movement Review and process vendor invoices and ensure timely payments Assist in following up on customer payments and process accounts receivable transactions Prepare accounts payable and accounts receivable reports for management review Month-End Close Support in the accruals prepayments and adjustment journal entries Compliance Audit Ensure compliance with internal controls policies and procedures in retail accounting Assist in audits and other regulatory financial reporting requirements Cross-functional Collaboration Collaborate with business operations teams to resolve discrepancies if any with interacton with the related teams Specific Responsibilities Address escalations from stores related to Gift Cards Payment Services and Daily Summary discrepancies Perform reconciliation of Balance Sheet General Ledgers Collaborate with third-party vendors to resolve issues related to Gift Cards Generate Daily Summary exception reports and address issues by posting corrective journal entries Resolve issues related to missing invoices and sales refund variances and FITS Failures Address variances arising from Daily Summary and Gift Card transactions GLSR730A Manage unmatched transactions resulting from Third Party Gift Card sales e g Blackhawk Apply accounting principles to accurately record financial transactions with supporting documentation Collaborate efficiently within the team balancing multiple processes effectively Enhance customer satisfaction by ensuring all activities meet TAT and are completed with 100 quality Provide ad hoc reporting as requested Work cross-functionally with accounting teams to facilitate issue resolution Extract cleanse convert and present data to meet specified requirements Demonstrate team support by addressing business challenges outside of primary responsibilities when needed Update Desktop Procedures DTPs on a quarterly basis Ensure 100 accuracy and timeliness in all deliverables Years of Experience 1-2 years of retail accounting experience Experience with accounting software e g Open text People Soft Mainframe etc is a plus Familiarity with POS systems and retail software Education Qualification Certifications optional Required Minimum Qualifications Bachelor s degree in accounting Finance Business Administration or a related field or equivalent experience Skill Set Required Primary Skills must have Strong knowledge of accounting principles Excellent attention to detail and accuracy Strong analytical and problem-solving skills Ability to handle confidential information with integrity Proficiency in Microsoft Office Suite especially Excel Strong organizational and time-management skills Secondary Skills desired Ability to work under pressure in a fast-paced dynamic environment Team player with good communication and interpersonal skills Willingness to learn and take on new responsibilities 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