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Job Description

Job Description

Senior Accountant

Job ID 1595028BR Date posted 05/15/2019 Location Mooresville, NC Location Name CSC-Mooresville Address 1000 Lowes Boulevard Employment Type I Regular Employment Type II Full-Time Line of Business Corporate Department 0024 - Margin & Cost Accounting
PURPOSE OF THE ROLE:
Margin Accounting serves as the primary finance contact intermediary for Lowe’s merchandise inventory buyers with respect to vendor funded arrangements (promotional funds, inventory markdown funds, consumer rebates, etc.). 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. A Senior Margin Accountant in this group is responsible for managing the relationship between the margin accounting department and their assigned merchant categories, ensuring that proper accounting and record-keeping occurs on Lowe’s financial records.

RESPONSIBILITY STATEMENTS:
  • The Senior Margin Accountant is a key member of a team responsible for the administration, tracking, accrual, and collection of vendor funds.
  • This position will assist merchandising with Financial Process flows, analyzing non-standard purchase and sales agreements for potential GAAP issues, and provide ad hoc reporting as requested.
  • The Senior Margin Accountant must be a team contributor with leadership qualities and be able to communicate effectively and develop relationships with various levels and departments. This position is the primary Accounting contact for the assigned Merchandising division(s) and related vendors.
  • The Senior Margin Accountant would follow the departmental risk audit approach policies and lead quarterly (at a minimum) review meetings with Merchandising to review allowance programs and vendor funded items.
  • This position also entails frequent communication and interaction with the vendor community

REQUIRED EDUCATION/EXPERIENCE:
  • Bachelor's degree in Accounting or another Business related field
  • 2-3 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)


About Lowe’s:
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.

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