Principal Accountant (Corporate Accounting)

Job Description

PURPOSE OF ROLE:
The Principal Accountant of the Corporate Accounting team is responsible for multiple accounting processes for key financial reporting areas, including Cash, Investments, Debt, and various other financial reporting lines, in accordance with US GAAP. The Principal Accountant also plays a key role in the Company’s internal Balance Sheet Financial Reporting Package which is prepared and distributed to Senior Management each month. This position will perform significant preparation and first-level review responsibilities.
RESPONSIBILITY STATEMENTS:

• Preparing or performing first-level review for multiple accounting processes for key financial reporting areas (in accordance with US GAAP), including Cash, Investments, Debt, and various other financial reporting lines, which together represent a significant portion of the Company’s Consolidated Balance Sheet.
• Be heavily involved in the overall preparation and review of the Company’s internal Balance Sheet Financial Reporting Package and other financial reporting prepared and distributed to Senior Management on a monthly or quarterly basis. These deliverables require analysis of financial statement lines and detailed schedules and explanations of variances, which also require detailed collaboration with other functional areas both within and outside of Finance.
• Performing analysis of underlying business transactions as well as identifying applicable guidance within US GAAP. As a result, this position requires a solid understanding of the Company’s operational and financial activities to mitigate financial reporting risk to the Company.
• Providing the Financial Reporting package on a compressed timeline as the reference point for Balance Sheet topics as part of Senior Management’s preparation for the quarterly earnings release.
• Interpreting and applying both new and existing accounting guidance relating to various policies and procedures and, when necessary, implement new processes resulting from new types of complex transactions or updated accounting guidance.
• Coordinating with Treasury and other cross-functional teams to ensure timely and accurate accounting and financial reporting.
• Performance of a number of key internal controls over financial reporting on a monthly or quarterly basis including both the performance of the control and maintenance of the appropriate level of documentation for audit purposes.
• Preparation and review of a number of audit requests from both Internal Audit and External Audit for purposes of completing their quarterly review and year-end audit procedures as well internal control testing procedures.
• Coordinating balance sheet account ownership and reconciliations with accounting teams across multiple departments (Fixed Assets, Margin and Cost Accounting, Trade Payables, Expense Payables, etc.).
• Assisting with training, support, and ad-hoc assistance for Balance Sheet Group staff.
• Continuous review of accounting controls and operations, offering recommendations for improvement and implementing new processes.

• Bachelor’s in Accounting or Finance and 4+ years of progressive experience working in an accounting-related field.
• CPA, CPA candidate, or MBA
• Strong analytical skills
• Strong organization skills
• Strong attention to detail
• Excellent written and verbal communication skills
• Ability to manage a process/project to successful completion
• Ability to perform accounting technical research and make recommendations on how to apply the requirements
• Ability to work both independently and as part of a team to accomplish necessary tasks
• Advanced Excel skills

• Public accounting experience
• Experience in a large corporate accounting environment
• Experience with PeopleSoft General Ledger
• Experience with Hyperion Financial Management
• Lowe's finance or accounting experience

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 and Canada. 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 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.
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