Sr Manager Accounting - Retail Capital & Expense Accounting

internal finance and cross-functional capabilities. In addition, the Senior Manager will fully understand and articulate both bi-directionally within the team as well as through senior leadership regarding their area of responsibility.

What You Will Do

• Provide oversight and review of Technology product structures and related Agile Software Development activities.

• Review Technology contracts (e.g., software licenses, maintenance agreements, SaaS, and other cloud-based arrangements) to determine appropriate accounting treatment in accordance with US GAAP.

• Oversee accounting for real estate and equipment leases, including:

  • Creation of finance and operating right-of-use assets and liabilities
  • Adjustments for lease amendments and modifications
  • Recognition of monthly lease expense, amortization, and interest expense
  • Accounting for lease expirations and terminations
  • Manage accounting processes for all leased assets within Lucernex.

• Conduct percentage rent analyses, reporting, and payment processing.

• Lead the quarterly impairment review process for long-lived assets.

• Manage accounting processes for the Excess Property portfolio.

• Monitor and account for property sales in coordination with Finance and Real Estate partners.

• Develop budgets and forecasts for lease expense, amortization, and other property-related costs.

• Prepare quarterly and annual disclosures for the Company's 10-K filings, specifically related to assets and leases.

• Serve as a subject matter expert on the proper accounting treatment of Technology, Lease, and Real Estate transactions.

• Review monthly, quarterly, and annual financial reporting packages, providing variance analysis and commentary to support management reporting.

• Ensure journal entries are supported with appropriate documentation, provisions, and approvals.

• Communicates effectively (verbal and written) within the team, across other functions, with senior management, and directly with external auditors, including accounting requirements, processes and procedures, variance analyses, and forecasted financial results

• Partner with Accounting, Finance, and other business functions to identify and implement process improvement opportunities

• Maintain SOX compliance with key internal controls and continuously evaluate the control environment related to financial reporting, reconciliations, and journal entries.

• Assess the impact of new or modified accounting standards, business investments, and strategic initiatives on policies, processes, and procedures. Prepare technical documentation supporting accounting judgments.

• Manage and develop team members by providing vision, motivation, coaching, and recognition.

Preferred Skills/Education

• Master's Degree MBA, or degree in related area

• Demonstrated, progressive Lowe's accounting or finance experience and cross-functional leadership

• Certified Public Accountant (CPA) CPA or CPA Candidate

About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 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 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.
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.