Associate

**About Lowe’s**

**About Lowe’s India**

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 Lowes India

**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**

**Roles & 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 interaction with the related teams.
- Prepare reconciliations, monthly journal entries, and respond to store and corporate mailbox queries.
- Work on Change fund audits and Remedy tickets.
- Escalate open items to the senior team members on a timely basis.
- Work on Check Verification and Positive Pay.
- Update the DTPs periodically.
- Support team members in completing activities and tasks as needed.
- Handle inquiries from auditors (internal and external), internal stakeholders, stores, and counterparts effectively.
- Engage proactively in discussions with partners to share and receive process-related updates and information.
- Actively seek out and participate in training opportunities.
- Work closely with the Operations Lead and partners to address challenges, concerns, process updates, and exceptions promptly, ensuring proper documentation.
- Identify and propose process improvement opportunities

**Years of Experience**:

- 0-2 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

**IV.**Education Qualification & Certifications (optional)**
**Required Minimum Qualifications**
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field (or
- equivalent experience)

**V.**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._