Full-Time

Real Estate Senior Accountant

Posted on 12/12/2024

Lowe's

Lowe's

10,001+ employees

Hardware
Consumer Goods

Compensation Overview

$70.4k - $117.4kAnnually

Senior

Huntersville, NC, USA

Remote work allowed only within a 50-mile commuting area of Lowe's SSC-Mooresville.

Category
Real Estate
Real Estate Finance
Accounting
Requirements
  • 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)
  • Advanced skills in MS office programs (Excel and Word)
  • CPA or CPA candidate
Responsibilities
  • 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

Company Stage

IPO

Total Funding

$136.1M

Headquarters

Mooresville, North Carolina

Founded

1946

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Simplify's Take

What believers are saying

  • E-commerce sales rose 135%, indicating strong online growth potential for Lowe's.
  • Old housing stock supports long-term demand for Lowe's home improvement products.
  • Strategic expansion in Texas aligns with rising logistics real estate demand.

What critics are saying

  • Increased competition from Home Depot may impact Lowe's market share.
  • Rising operational costs in Texas could affect Lowe's profitability.
  • Rapid tool rental expansion may strain Lowe's resources if not managed well.

What makes Lowe's unique

  • Lowe's is enhancing its digital infrastructure with new online fulfillment centers.
  • Participation in New York Fashion Week boosts Lowe's lifestyle branding appeal.
  • Lowe's tool rental service expansion offers a unique value proposition to customers.

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