Accountant - Margin & Cost Accounting
Margin Accounting serves as the primary finance contact intermediary for Lowe’s merchandise buyers with respect to vendor funded arrangements (promotional funds, inventory markdown funds, consumer rebates, etc.). The department is tasked with supporting the merchant teams in a fast paced, frequently changing environment. This department also ensures proper accounting methods are used to track, record, and collect these funds from vendor partners. Accounting pronouncements such as FASB Accounting Standards Codification Topic 605 (legacy standard: EITF 02-16) are used as guidelines for accounting treatment.
- The Margin Accountant is a key member of a team responsible for the administration, tracking, accrual, and collection of vendor funds.
- The Margin Accountant is responsible for managing the relationship with their assigned merchant categories by attending weekly merchant staff meetings, holding quarterly SOX compliance meetings, assisting in financial process flows, analyzing non-standard purchase and sales agreements for potential GAAP issues, and providing ad hoc reporting as requested.
- This position also works heavily with other departments within Finance as well as outside vendors, so the Margin Accountant must be a team contributor with leadership qualities and be able to communicate effectively to develop relationships with various levels and departments.
- The Margin Accountant will be tasked with completing audits on vendor funded programs following the departmental risk audit approach policies.
- Bachelor's degree in Accounting or another Business related field
- 1-2 years of experience in Accounting or Finance
- Excellent communication skills (written, verbal, and interpersonal)
- Strong analytical and problem solving skills
- Strong computer skills (Excel, Access, VATS, mainframe)
- Excellent leadership skills (able to build relationships across Finance and Merchandising, as well as with vendors)
- Must be eligible to work in the United States for any employer
- Must successfully clear contingency screenings (background and substance abuse)
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2018 sales of $71.3 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports its hometown Charlotte region and all communities it serves through programs focused on safe, affordable housing and careers in the skilled trades. For more information, visit Lowes.com.
Lowe’s is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under applicable law.