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Senior Accounting Manager

Your ImpactThe primary purpose of this role is to lead a team responsible for accurately processing and reviewing financial activities to enable complete and accurate internal and external reporting on a monthly, quarterly, and annual basis. This includes responsibility for leading others to conduct effective research, managing, tracking, reporting, and reviewing work (first and/or second) for financial activities to ensure accounting records are correct. In addition, this role leads to support for the execution and design of internal controls over financial and regulatory reporting, by working independently to apply and provide experienced accounting judgment and advanced knowledge of GAAP and regulatory requirements. The Senior Manager will identify and lead opportunities to partner with the business and other finance functions to drive and manage efforts to improve both 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• Responsible for reviewing/preparing the Company’s quarterly and annual filings with the Securities and Exchange Commission (SEC), including but not limited to, filings on Form 10-K, Form 10-Q and Form 11-K.• Review and evaluate accuracy of XBRL within the Company’s SEC filings.• Partners closely with Investor Relations and Legal teams to ensure alignment on external financial reporting and messaging and assist in preparation of quarterly earnings materials.• Research, document, and implement new accounting pronouncements, as well as technical accounting issues presented by the business, and ensure compliance with U.S. GAAP.• Responsible for financial activities of the team that require the application of advanced knowledge of moderate to highly complex systems, business processes and GAAP principles to business scenarios.• Ensures the team prepares, evaluates and reviews operational and financial information to ensure accuracy of financial reporting.• Performs and reviews analyses (i.e., historical, forecasting, impact, etc) and reconciliations from the team to support monthly, quarterly, and annual closing cycles as prescribed by regulatory and compliance entities, including all equity-related accounting and calculation of basic and diluted earnings per share.• Leads projects/initiatives and participates in cross-functional teams to deliver business value, while balancing accounting responsibilities and controls.• Communicates effectively (verbal and written) within the team, cross-functionally with senior leaders and with external parties to resolve audit questions and issues.• Partners with the team and the business to improve processes to remove friction for the organization.• Leads, trains, coach leaders in the development of accounting, analytical and business partnership skills.• Works with external (regulatory and third party) and independent auditors to resolve complex issues.• Leads testing around financial controls to provide documentation and support for SOX compliance for their respective area.• Responsible for selecting, hiring, and developing 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.• Creates and leads others to ensure an inclusive environment across the organization to foster diverse ideas and perspectives.Required Qualifications• Bachelor's Degree Accounting/Business Administration or related area• 8-10 years' experience in accounting, tax, finance (public accounting or industry) or relevant experience; demonstrated ability to lead and manage cross functional effort.• Experience leading a team and/or supervising others with direct or indirect reports.• Demonstrated experience working with senior leadership in prior accounting or finance related function.• Advanced skills in MS office programs (Excel); preferred prior experience with data analytics tools, process improvement and complex accounting topics• 3-5 years' experience leading a team, managing/reviewing the work of others, and leading without authority.Preferred Qualifications• 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) or CPA CandidateAbout Lowe’sLowe’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.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.
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CEO of Lowe's Home Improvement
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What You Should Know About Senior Accounting Manager, Lowe's Home Improvement

Are you ready to make a substantial impact as a Senior Accounting Manager at Lowe’s in Mooresville, NC? This pivotal role is all about leading a dedicated team while ensuring accuracy in financial reporting on a monthly, quarterly, and annual basis. You’ll dive into the details of financial activities, overseeing everything from SEC filings to reviewing XBRL documentation. Collaboration is key—working closely with Investor Relations and Legal teams to ensure consistency in external financial communications is part of your day-to-day. Plus, you’ll be at the forefront of implementing new accounting regulations while ensuring compliance with U.S. GAAP. Your expertise will also shine through as you guide your team in preparing and analyzing financial data to support seamless closing cycles. You’ll be a champion for process improvement, removing friction from workflows and leading initiatives that add value. But this isn’t just about numbers; it’s about people! You’ll train and develop your team, fostering an inclusive environment that encourages diverse ideas. Your leadership will make all the difference as you select and nurture talent, ensuring a productive and engaged workforce. At Lowe’s, we believe in the potential of our associates to shape the future of home improvement, and as a Senior Accounting Manager, you will lead that charge.

Frequently Asked Questions (FAQs) for Senior Accounting Manager Role at Lowe's Home Improvement
What are the main responsibilities of a Senior Accounting Manager at Lowe’s?

As a Senior Accounting Manager at Lowe's, your primary responsibilities include reviewing and preparing SEC filings, overseeing financial activities for accuracy, and ensuring compliance with U.S. GAAP. You'll lead a team in managing financial reporting processes, support the execution of internal controls, and partner with cross-functional teams to enhance operational efficiency.

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What qualifications are required for the Senior Accounting Manager position at Lowe’s?

To qualify for the Senior Accounting Manager position at Lowe's, you will need a Bachelor's degree in Accounting or Business Administration, alongside 8-10 years of relevant experience. Experience leading a team or managing cross-functional efforts is essential, along with advanced skills in MS Office, particularly Excel. A CPA license is preferred.

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How does the Senior Accounting Manager at Lowe’s contribute to process improvements?

The Senior Accounting Manager at Lowe's plays a crucial role in driving process improvements by identifying areas of friction in financial operations and implementing strategies to enhance efficiency. This collaboration with various teams ensures that business needs are met while maintaining strong accounting controls.

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What is the work environment like for a Senior Accounting Manager at Lowe’s?

The work environment for a Senior Accounting Manager at Lowe’s is collaborative and dynamic. You will work closely with senior leadership, cross-functional teams, and external auditors, fostering a culture of inclusivity and innovation while advancing your team's accounting skills and business acumen.

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What opportunities for professional development exist for Senior Accounting Managers at Lowe’s?

At Lowe's, Senior Accounting Managers have numerous opportunities for professional development, including leadership training, skill-building workshops, and the chance to take part in innovative projects that drive both personal growth and business success. The organization actively invests in its talent to ensure the team is equipped with the latest knowledge and expertise.

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Common Interview Questions for Senior Accounting Manager
Can you explain your experience with SEC filings in your previous roles?

When responding to this question, focus on specific instances where you managed SEC filings, detailing the types of forms you prepared and your understanding of the compliance requirements. Highlight your attention to detail and any challenges faced, along with how you ensured accuracy and compliance.

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How do you ensure compliance with GAAP in your work?

To effectively answer this question, discuss your approach to staying updated with GAAP regulations and how you implement these guidelines in your daily accounting operations. Mention any processes or audits you’ve carried out to uphold compliance standards.

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Describe a situation where you led a successful team project.

Share a specific example that illustrates your leadership skills, outlining the project goals, your role in guiding the team, and the outcomes. Emphasize collaboration, conflict resolution, and how you motivated your team to achieve success.

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What strategies do you use to improve financial processes?

Outline your philosophy of continuous improvement when discussing this topic. Provide examples of strategies you’ve implemented, such as software solutions or team restructuring, that effectively streamlined financial reporting processes.

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How do you handle conflicts within your team?

In your response, emphasize your communication skills and approach to conflict resolution. Describe a situation where you successfully mediated a team conflict, ensuring to affirm the importance of maintaining a positive work environment.

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What analytical tools or software are you proficient in?

Highlight any advanced software tools you’ve used, particularly in data analytics or financial modeling. Discuss your proficiency in Excel and any experience with accounting software, ensuring to relate your skills to how they can benefit Lowe’s.

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How do you prioritize tasks when leading your team?

Discuss your time management techniques, such as using project management tools or methods. Provide insights into how you assess task urgency and importance and how you communicate priorities to your team.

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What experience do you have with cross-functional teams?

Talk about specific projects where you collaborated with diverse teams, highlighting your role and how you facilitated communication. Explain the value of cross-functional partnerships in achieving business goals.

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What do you see as the biggest challenges facing accounting teams today?

Provide your insights into current industry trends, regulatory changes, or technological advancements that you feel pose significant challenges for accounting teams. Discuss how you would address these challenges effectively.

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How do you stay current with changes in accounting standards?

Mention any reliable sources you follow, such as professional organizations, webinars, or industry publications. Explain your commitment to continual learning as a Senior Accounting Manager, ensuring compliance and best practices.

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Lowe's Home Improvement is an American retail company headquartered in Mooresville, North Carolina. We specialize in home improvement and operate 2,181 home improvement and hardware stores in North America.

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Full-time, on-site
DATE POSTED
December 5, 2024

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