Assoicate - Accounting

Lowe's Companies, Inc.; Bengaluru; On-site; INR 700,000 - 1,100,000; Full time

Benefits offered by this job

On-site gym

Clinic on-site

Job summary

Lowe’s India in Bengaluru is seeking an Associate – Accounting to support daily accounting operations, including inventory accounting, reconciliations, journal entries, and month-end close. You will help ensure accuracy and compliance with US GAAP and SOX controls.

You will collaborate with cross-functional teams, support audits, and drive process improvements, leveraging ERP systems like Oracle and Excel to enhance reporting and efficiency.

Qualifications

• Bachelor’s degree in accounting, finance, or a related field.
• 2–3 years of accounting experience, preferably in retail accounting.
• Solid knowledge of GAAP and SOX controls.
• Experience with ERP systems (Oracle/PeopleSoft/Oracle EBS) and MS Excel.

Responsibilities

• Prepare and review monthly balance sheet reconciliations.
• Post month-end journal entries with accuracy and policy compliance.
• Perform bank reconciliations and resolve reconciling items.
• Support internal and external audits with documentation and explanations.
• Collaborate with Treasury, Payroll, Store Operations, Finance, and IT to resolve issues.

Skills

Analytical thinking

Communication

Team player

Multitasking

Cross-functional collaboration

Automation mindset

Education

Bachelor's degree in accounting or finance

Tools

Oracle ERP

Arcs

MS Excel

Job description

Innovate in Bengaluru

This position is based at our on-site office in Bengaluru. Lowe’s offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience.

About Lowe’s

Lowe’s is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2025 sales of more than $84 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, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

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.

I. Job Summary:

The Associate – Accounting will be responsible for supporting day-to-day accounting operations, including inventory accounting, account reconciliations, bank reconciliations, invoice processing, journal entries, month-end close activities, and financial reporting. The role will focus on ensuring the accuracy, completeness, and timely processing of financial transactions in accordance with established accounting policies and procedures. The Associate will work closely with team members and cross-functional stakeholders to resolve accounting issues, support process improvements, and maintain accurate financial records. The individual should have a good working knowledge of accounting principles, US GAAP, and SOX controls, and should be able to support documentation and information requests from Internal and External Audit teams. Experience with GL accounting, balance sheet reconciliations, ERP systems such as Oracle, and MS Excel will be preferred.

II. Roles & Responsibilities:

Core Responsibilities: (Accounting Department)

• Daily Activities
  • Perform daily, weekly, and monthly reconciliations for sales, inventory, and cash accounts.
  • Ensure accurate and timely processing of financial data from locations and e-commerce platforms.
  • Process invoices ensuring timely payment to Vendors.
  • Validate and correct the discrepancies in Inventory
  • Identify and resolve discrepancies between system data and actual transactions
• Month-End Close:
  • Support the month-end close process by preparing journal entries, account reconciliations, and balance sheet reviews.
  • Ensure accuracy and compliance with GAAP and company policies.
• Process Improvement:
  • Identify opportunities for process improvements within the accounting function and help implement new processes or systems that enhance efficiency and accuracy.
• Compliance & Audit Support:
  • Ensure adherence to internal controls, company policies, and relevant accounting standards.
  • Assist with external and internal audits by preparing requested documentation and responding
• Team Collaboration:
  • Work closely with other members of the accounting and finance teams, as well as cross-functional departments such as retail operations, IT, and supply chain.

Specific Responsibilities:

• Prepare and review monthly balance sheet reconciliations.
• Process and post month-end journal entries, ensuring completeness, accuracy, and compliance with accounting policies.
• Perform bank reconciliations and investigate/resolve reconciling items to ensure ledger balances agree with external bank statements.
• Manage and respond to corporate mailbox, store inquiries, and stakeholder requests within defined service levels.
• Support Internal and External Audits by providing timely documentation, explanations, and resolution of audit observations.
• Ensure compliance with SOX controls, accounting policies, and internal control requirements.
• Investigate aged reconciling items and drive timely resolution with business partners.
• Partner with cross-functional teams including Treasury, Payroll, Store Operations, Finance, and IT to resolve accounting issues.
• Assist in identifying process improvement opportunities and support automation and standardization initiatives.
• Maintain process documentation, SOPs, and support knowledge transfer activities.
• Manage the team’s shared mailbox and ensure timely closure of requests and escalations.

Preferred Skills

• Strong understanding of General Ledger Accounting and Balance Sheet Reconciliations.
• Knowledge of Month-End Close processes and Journal Entries.
• Understanding of SOX controls, Internal Controls, and Audit requirements.
• Analytical and problem-solving skills.
• Excellent stakeholder management and communication skills.

Proficiency in ERP systems (Oracle, Arcs etc.) and Microsoft Excel

III. Years of Experience:

• 2-3 years of experience in accounting, with at least 3years in retail accounting or a similar role.
• Strong knowledge of GAAP and accounting principles.
• Proficiency in accounting software (e.g., Open Text, People Soft/Oracle, Mainframe, POS Systems) and MS Excel (pivot tables, v-lookups, formulas etc.).
• Experience with ERP systems and financial reporting tools.
• Prior experience with retail accounting preferred not required.

IV. Education Qualification & Certifications

Required Minimum Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field.

V. Skill Set Required

Primary Skills (must have)

• Analytical and problem-solving skills with a keen attention to detail.
• Excellent verbal and written communication skills.
• Be a team player with good communication and interpersonal skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Demonstrated ability to work collaboratively with cross-functional teams
• keen eye and focus towards automations and simplifications

Secondary Skills (desired)

• Ability to work under pressure in a fast-paced dynamic environment.
• Willingness to learn and take on new responsibilities across teams.
• Strategic mindset to learn things on the go and train junior staff
• Knowledge on Microsoft Office Suite is a must

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.