Real Estate Senior Accountant

Your Impact

The Real Estate Senior Accountant – Retail Capital & Expense Accounting is responsible for performing multiple key accounting related transactions and processes to ensure timely and accurate financial reporting. These responsibilities include ownership of the accounting processes around impairment, excess property/held-for-sale, like-kind exchanges, exit cost liabilities, site incentives, capitalized interest, percentage rent reporting and payments to landlords, and lessor accounting.  The position will work closely with business partners in Real Estate, Property Management, and Finance as well as internal and external auditors.

The position will be responsible for various amortization schedules, processing journal entries, account reconciliations, monthly/quarterly reporting, variance analysis explanations, as well as analyzing data and documenting accounting conclusions. The position will also be responsible for performing ad hoc project work as assigned.

What you will do

• Performs timely and accurate recurring accounting responsibilities, including journal entries, account reconciliations, reporting, and related analysis.

• Performs accounting research to ensure accounting conclusions are in accordance with US Generally Accepted Accounting Principles (US GAAP) and company policy.

• Compiles written documentation to support accounting conclusions reached.

• Supports consolidated financial reporting processes.

• Supports internal variance analysis explanation processes.

• Works cross-functionally to gather information and analyze complex transactions.

• Supports a collaborative environment by working in a team of peers to solve problems and shares information with peers, management, and other stakeholders.

• Manages multiple priorities in a deadline-driven environment.

• This role is responsible for collaborating with and supporting the Managers and Directors of the Finance, Property Management, and Real Estate business areas.

• Position is responsible for moderately complex accounting transactions and calculations, including impairment, net present value calculations, exit cost, site incentive recognition, and capitalized interest transactions.

• Responsible for Excess Property and Impairment accounting and reporting which is regularly distributed to Senior Management

• Responsible for lease terminations and ensuring income statement recognition is calculated and recorded accurately on the financial statements.

• Maintains organized, accurate, and thorough records.

• Ensures routine transactions are recorded accurately and timely, with minimal guidance from management.

• Independently manages and owns all areas of responsibility, relying on management assistance for complex situations/scenarios.

• Participates in projects and assists other teams, as needed and/or requested by management.

• Assists in performing and documenting controls in compliance with Lowe’s internal policies and the Sarbanes-Oxley Act

Required Qualifications

• Bachelor’s degree in accounting or related field 

• 3-5 years’ experience in Accounting or Finance

• Demonstrated understanding of advanced GAAP concepts and financial controls (to apply this knowledge to the design and execution of activities within the respective area)

Preferred Qualifications

• Finance or accounting experience.

• Advanced skills in MS office programs (Excel and Word)

• 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.