Purpose of Role:
The primary purpose of this role is to strategically oversee various components of tax including audits, appeals, returns, licenses, tax accounting, etc. and to ensure all deadlines are met, calculations are correct, and to ensure compliance with state, and local regulations. This role works to improve processes related to Indirect Taxes with stores and online POS systems. This position requires the individual to ensure accurate taxation of all sales activity and ensure an accurate audit trail. This role will administer tax functions such as sales and use within the overall tax function and is expected to perform more complex calculations, have knowledge of exemption certificates and experience in tax law research.
Responsibility Statements:
• Ensures accurate POS taxation for all US and Canadian stores and works with both Tax and Business teams to ensure an accurate audit trail is maintained and readily accessible.
• Responsible for supporting new business initiatives and performing tax research, as required. Continue to automate the exemption certificate process to ensure the company collects and remits accurate taxes.
• Coordinates all tax-free holiday activities between the Tax Department and Operations to ensure Lowe’s complies with state requirements.
• Work with managers that are responsible for the timely and accurate completion of compliance activities (tax returns) and reviews different types of tax returns ranging from simple to complex based on knowledge of content and skillset required.
• Effectively communicates with upper level management regarding updates on work, setbacks, team responsibilities, final review for returns and audits, research findings, etc. to ensure the day-to-day operation of the tax team is in line with company expectations, processes, procedures.
• Works with external auditors and other similar government representatives to make certain that Lowe's audits and assessments are complete and accurate as well as to coordinate scheduling and any meetings needed for review and confirmation of audit or assessment completion.
• Work on several process improvement projects, already in progress.
• Works with other departments, including but not limited to Operations, Accounting, Legal to retrieve data and ask/answer questions; May collaborate with other internal Lowe's financial groups in addition to other groups externally.
• Review documentation of internal processes for SOX purposes and suggest ways to improve.
• Directs the payment of taxes, fees and licenses; overseeing the setup through Lowe's portals, input of jurisdictions, delivery and addressing of non-electronic and electronic payments, etc. and providing approval when needed.
• Oversees activities for account reconciliation and consolidates and reviews work papers to assess alignment with final reports for management.
• Researches changes in the federal, state, and local laws and analyzes the impacts on costs and tax payments; conducts expense adjustments subsequently.
• Works with the Director of Indirect Tax to automate and improve tax processes for the Company.
• Work with offshore Tax team in Bangalore, India on Avalara exemption process.
• Work and promotes ethical standards of the company.
REQUIRED EDUCATION/EXPERIENCE:
• Bachelor’s Degree in Accounting, Business, or Finance
• 6+ years’ tax and/or accounting experience (public or private)
PREFERRED EDUCATION/EXPERIENCE:
• Master’s Degree in Accounting, Tax, CPA, CMI, or MBA
• 7-10+ years Corporate/ Retail indirect tax experience
• Good communication and critical thinking skills
About Lowe’s:
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of $72.1 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports its hometown Charlotte region and all 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.
About Lowe’s in the Community:
As a FORTUNE® 50 home improvement company, Lowe’s is committed to creating safe, affordable housing and helping to develop the next generation of skilled trade experts through nonprofit partnerships. Across every community we serve, Lowe’s associates donate their time and expertise through the Lowe’s Heroes volunteer program. For the latest news, visit Newsroom.Lowes.com or follow @LowesMedia on Twitter.
Lowe’s is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under applicable law.