Accountant (Margin & Cost)

Job Description

PURPOSE OF 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 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 recordkeeping occurs on Lowe’s financial records.
RESPONSIBILITY STATEMENTS:

• The Margin Accountant is a key member of a team responsible for the administration, tracking, accrual, and collection of vendor funds.
• 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 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 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.

• Bachelor's degree in Accounting or another Business related field
• 2-3 years 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)

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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