What are the responsibilities and job description for the Assistant Manager Accounting position at Lowes?
Do your Best Work in Mooresville
This position is based at our headquarters in Mooresville, North Carolina. Our corporate office is a space where you can collaborate and do your best work. Take a walk, grab a bite (or a cup of coffee), work out or get a check-up – we invest in you so you can find your inspiration.
Your Impact
The primary purpose of this role is to supervise a team of individuals responsible for accurately processing and reviewing inventory-related financial activities to enable accurate reporting on a monthly, quarterly, and annual basis. This includes responsibility for conducting effective research, managing, tracking, reporting, and reviewing work (first and/or second level) for financial activities to ensure accounting records are correct. In addition, this role supports the execution and design of internal controls over financial and regulatory reporting, by working independently to apply and provide experienced accounting judgment and advanced knowledge of GAAP to Accountants and Senior Accountants in daily activity. This role also assists in preparing analysis around the Company’s inventory and margin results.
What You Will Do
Oversee a group of individuals responsible for the timely processing of inventory-related financial activities that require the application of technical accounting knowledge specific to their respective area.
Oversee training, work product review, and employee development within their respective group to build accounting skillset and knowledge and to ensure accuracy of financial reporting and analysis, especially as it relates to inventory and margin results.
Manage and often perform moderately complex analysis (i.e. historical, forecasting, impact, etc.) and timely reconciliations to support monthly, quarterly and annual closing cycles according to applicable GAAP standards.
Research financial transactions related to their areas of responsibility to identify issues and determine appropriate resolution independently.
Execute special projects and resolution of non-recurring complex accounting issues within the respective area to deliver optimal solutions to financial issues.
Communicate effectively within the team, across other functions, with upper management, and directly with external vendors to resolve audit questions and issues.
Partner with team and the business in order to identify transaction issues and procedure improvement opportunities to more effectively support the needs of the organization.
Be responsible for selecting, hiring, and developing talent to ensure a productive and engaged workforce.
Create and leads others to ensure an inclusive environment across the organization to foster diverse ideas and perspectives.
Lead a culture that ensures the team drives towards continual improvement and process excellence.
Responsible for preparing and reviewing monthly financial statement analysis.
Prepare and/or review monthly close tasks, as well as weekly tasks, related to in-transit inventory, inventory reserves, weekly inventory cost variances, margin corrections, etc.
Minimum Qualifications
Bachelor’s Degree in Accounting or related field and 4 years’ experience in accounting (public or private) or relevant experience OR Master’s Degree in Accounting and 3 years’ experience in accounting (public or private) or relevant experience
Advanced skills in MS office programs (Excel, Word, Access)
Demonstrated understanding of advanced GAAP concepts and financial controls (to apply this knowledge to the design and execution of activities within the respective area)
Experience leading a team and/or supervising others with direct or indirect reports
Preferred Qualifications
Certified Public Accountant (CPA) or CPA candidate
Master’s Degree in Accounting
Experience with inventory-related accounting
Lowe's finance or accounting experience
Experience working with diverse teams on enterprise-wide projects
Experience working with global teams
Experience with Enterprise Resource Planning (ERP) systems
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.