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Your Impact

The primary purpose of this role is to research and implement new accounting pronouncements and ensure that current accounting practices are in compliance with U.S. Generally Accepted Accounting Principles (GAAP) and to also research any complex, technical accounting issues affecting Lowe's as they arise while documenting Lowe's position on such issues. This role will be responsible for updating existing Lowe's accounting policies as warranted by changes in either accounting rules or in Lowe's business along with keeping current on developments in U.S. GAAP and Securities Exchange Commission (SEC) reporting requirements, presenting relevant research outcomes to senior management, and ensuring effective communication and roll-out of any implementation plans.

The Manager Accounting will also be responsible for the preparation of the external Consolidated Statement of Cash Flows, ensuring appropriate consolidation of the subsidiaries of the Company along with the preparation of monthly consolidated analysis of financial results to present to Executive Management, the Board of Directors, and the Audit Committee.

What you will do

• Performs the initial assessment of new accounting pronouncements to identify impacted transactions, processes or disclosures.

• Partners with impacted groups to identify and implement new or modified processes and develop the practical application of new guidance requiring subjective evaluations or conventions due to the volume of transactions or system limitations.

• Develops and supports recommendations to senior management regarding policy elections available under the new pronouncement.

• Prepares written policies documenting the analysis and conclusions reached for accounting judgments made throughout the process of implementation.

• Provides guidance to various groups, primarily within Finance, on the proper accounting for new business transactions - this requires the individual to evaluate the new business transactions and identify applicable accounting guidance with adjustments if necessary.

• Partners with the impacted groups to identify and implement new or modified processes and develops the practical application of guidance requiring subjective evaluations or conventions due to the volume of transactions or system limitations.

• Prepares written policies documenting the analysis and conclusions reached for accounting judgments made throughout the process of implementation, as applicable based on the complexity and size of the transaction.

• Reviews accounting policies documented by other accounting groups to ensure the accuracy and logic of their conclusions.

• Coordinates the completion of the annual GAAP checklist with the managers responsible for the respective accounting topics and identifies areas requiring further scrutiny to ensure compliance.

• Serves as a general subject matter expert when questions arise regarding the proper accounting treatment for various transactions.

• Monitors activity of accounting standard-setters to proactively plan for and identify new accounting pronouncements that could potentially impact Lowes. This includes drafting responses from Lowe’s to be submitted to RILA (Retail Industry Leaders’ Association) or directly to the standard-setters as part of the comment process associated with new standards.

• Reviews and evaluates financial disclosures made by other retailers in their quarterly and annual SEC filings to identify best practices and opportunities for improvement along with assisting in drafting responses to SEC comment letters on prior filings.

• Provides individuals across the accounting organization timely updates and summaries of new technical accounting guidance relevant to Lowe’s through written communications as well as quarterly presentations to key finance leaders.

• Prepares the Consolidated Statements of Cash Flow, ensuring completeness and accuracy, as well as appropriate presentation of transactions.

• Assists in preparing monthly financial reporting analysis packages for presentation to Executive Management, the Board of Directors, and the Audit Committee.

• Selects, hires, and develops talent to ensure a productive and engaged workforce.

• Leads effective teams and leads through others to hire, coach, train and develop to ensure a talented, productive and engaged workforce.

• Leads a culture and ensures the team drives towards continual improvement and process excellence.

Required Qualifications:

• Bachelor's Degree Business, Finance, Economics, Accounting or related field

• 6 years of experience with an emphasis in public accounting and/or technical accounting research.

• 2 years of experience leading a team and/or managing others with direct or indirect reports

Preferred Qualifications:

• Master's Degree Business, Finance, Economics, Accounting or related field

About Lowe's:

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 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 and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com .

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.

Pay Range: $95,500.00 - $159,200.00 annually Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.