Sr Analyst-Money Management

Expand Your Career Possibilities

Thank you for dedicating your time and talent to Lowe's. We want to give you more opportunities to learn and grow, so if you find a position you're interested in below, we encourage you to apply!

Your Impact

This role involves collaborating with Finance, Project Management, Collateral, and Accounting to analyze financial reporting and ensure accurate forecasts, compliance with federal, state, local, and SOX guidelines, and alignment with project goals. As a subject matter expert, you will provide strategic financial guidance, manage the lifecycle of Project Authorization Requests (PARs) and Purchase Orders (POs), and oversee budget adherence while fostering strong relationships with stakeholders. You will leverage multiple data sources to generate actionable insights and reports, streamline financial purchasing processes in Oracle, and drive continuous improvements to enhance operational efficiency and support organizational objectives.

What You Will Do

• Serve as a subject matter expert on financial and accounting practices offering strategic guidance to business partners and leadership while ensuring compliance with Sarbanes-Oxley Act (SOX). Apply expertise, particularly regarding Capital vs Expense expenditure allocation for reset budgeting and PAR creation.
• Collaborate with Finance, Project Management, and Accounting to analyze financial reporting from purchasing software (Oracle) to provide accurate forecasts and accrual information, ensuring alignment with finance expectations and project goals. This includes business critical Month End reporting we provide to ELT and Investor Relations.
• Leverage deep expertise to interpret documentation and reports, create dashboards from multiple data sources, and generate comprehensive category performance reports, while effectively communicating actionable insights and recommendations to stakeholders and leadership to drive informed business decisions and enhance financial operations.
• Initiate, route, amend, and validate Project Authorization Requests (PAR) while ensuring alignment with the approved annual operating plan, monthly forecasts, and Capital Asset Accounting guidelines.
• Provide guidance and governance to the allocation of new funds and strategically manage the reallocation of funds between projects as needed.
• Evaluate and execute monetary approvals within Oracle and Service Channel for individual projects related to PARs, store requests, and change requests ensuring compliance with financial thresholds up to $50,000 per requisition.
• Manage and validate activities within the financial purchasing tool (Oracle) to ensure error-free management and efficient execution of Project Authorization Requests (PARs), Purchase Orders (POs), requisitions, vendor and store uploads, invoices, match exceptions and stakeholder communication.
• Partner with Collateral vendors to ensure timely and accurate invoicing to support forecasting and accruals, and PO and PAR closures.
• Identify root cause of spending discrepancies, present variance impacts, and recommend actionable mitigation strategies to business partners and leadership. Utilize trackers and reporting to pull out themes and, provide coaching, to mitigate risk for misallocation and legal.
• Perform the closure process for PARs and POs, relieving the portfolio of commitments, mitigating the risk of project overspend and PAR shopping. Conduct post-mortem financial analyses to present insights and improvement recommendations to partners and leadership.
• Provide guidance and governance with Collateral racking team to ensure bulk buys that are stored in the warehouse are allocated correctly per Lowe's and SOX guidelines
• Utilize Display Line and Reset reporting to identify additional prebuy items to maximize Capitalization opportunities for Lowe's and ensure all orders follow Accounting Capitalization guidelines.
• Drive measurable and sustainable process improvements, fostering a culture of efficiency through the sharing of best practices within the team.
• Contribute to the development and implementation of new tools and capabilities, ensuring recommendations are effectively delivered to business partners.
• Receive timely and actionable feedback and coaching from the Money Management Manager to support ongoing professional development and enhance role performance.
• Build and maintain robust relationships with project managers, accounting, finance, and collateral teams, fostering a culture of open communication and collaboration.
• Oversight of the daily activities of the SSC-B team and accuracy of their work including but not limited to validation and processing of POs and PO Change requests; Display Line reporting and insights, Match Exceptions reporting and actions, Open PO reporting for overdue invoicing, Reporting for stored inventory and variance reconciliation against our GL account, and helping to capture and document information so SSC-M team can interpret, problem solve, and communicate.

Required Qualifications

Preferred Skills / Education

About Lowe's

Lowe's Companies, Inc. (NYSE : LOW) is a FORTUNE 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 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, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. 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.