Lowe’s is able to offer remote employment of this position in the following states: AL, AR, AZ, CA(salaried roles only), CT, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.

Job Summary:

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.). The department is tasked with supporting the merchant teams in a fast paced, frequently changing environment. 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. The accountant is responsible for managing the relationship between the Margin and Accounting department and their assigned merchant category, ensuring proper accounting and record keeping of Lowe’s financial records.

Key Responsibilities:

Responsibilities include, but not limited to:
The Margin Accountant is a key member of a team responsible for the administration, tracking, accrual, and collection of vendor funds. The Margin Accountant is responsible for managing the relationship with their assigned merchant categories by attending weekly merchant staff meetings, holding quarterly SOX compliance meetings, assisting in financial process flows, analyzing non-standard purchase and sales agreements for potential GAAP issues, and providing ad hoc reporting as requested. The Margin Accountant must complete audits of vendor funded programs in alignment with the departmental risk audit approach policies. The Margin Accountant must be a team contributor with leadership qualities and be able to communicate effectively to develop relationships across various levels and departments. This position entails frequent interaction with Lowe’s finance departments as well as our vendor community.

Preferred Qualifications:

• Experience in accounting, tax, finance (public or private) or relevant experience
• Lowe's finance or accounting experience

About Lowe’s:

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 19 million customer transactions a week in the United States and Canada. With fiscal year 2021 sales of over $96 billion, Lowe’s and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 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.

EEO Statement

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.

Pay Range for CA, CO, NJ, NY, WA: $46,900.00 - $78,200.00 annually

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. Pay Range for CA, CO, NJ, NY, WA: $46,900.00 - $78,200.00 annually 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.