What are the responsibilities and job description for the Sales & Use Tax Accountant position at Lowes?
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Your Impact
The primary purpose of this role is to assist in capturing all financial activities in accounting records to enable accurate reporting on a monthly, quarterly, and annual basis. This includes responsibility for conducting effective research, managing, tracking, and reporting on various international, federal, state, local obligations, and accounting transactions to ensure accounting records are correct. In addition, this role supports the execution of internal controls over financial and regulatory reporting, by applying accounting judgment and knowledge of basic GAAP and regulatory requirements in daily activity.
What you will do
- Assist with and manage sales and use tax audits to close them in a timely and efficient manner with a focus on activities that are more complex in nature and require and understanding and application of basic accounting and tax knowledge
- Ability to work with external consultants and meet tight deadlines to ensure audits are closed timely to prevent the company from accruing an unnecessary amount of interest for unpaid sales and use tax
- Work with outside counsel to ensure that Lowe’s real property is properly valued by providing requested data and insights to the outside counsel
- Prepare and evaluate reports or returns to ensure accuracy of financial reporting and analysis
- Research various financial activities to identify issues, explain findings to principal accountants, managers, and directors to determine resolution
- Maintain appropriate supporting documents, provisions, and other details for accounting transactions and entries
- Communicate effectively within the team, across other functions, and with external parties to ensure alignment
- Work with applications to handle large amounts and analyze and review prior to providing to the auditor. Tools will include applications like Alteryx.
- Review job procedures consistently to identify potential improvements that will increase the accuracy and efficiency of all assigned tasks
- Respond to questions from stores and vendors relating to tax issues, and volunteers for assignments and to assist with projects in other areas of the tax and accounting function
- Perform analysis (i.e. historical, forecasting, impact, etc.) and reconciliations to support monthly, quarterly or annual closing cycles according to prescribed rates, laws, and regulations, with review from senior roles where needed
Required Qualifications:
Bachelor's Degree Business, Finance, Economics, Accounting or a related field
2 years experience in accounting, tax, finance (public or private) or relevant experience
Demonstrated understanding of basic GAAP concepts and financial controls (to apply this knowledge to the design and execution of activities within the respective area)
Intermediate skills in MS office programs (Excel, Word, Access)
Lowe's finance or accounting experience
Preferred Qualifications:
Master's Degree Business, Finance, Economics, Accounting or a related field
Certified Public Accountant (CPA) CPA or CPA Candidate
About Lowe’s
Lowe’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.
