Lowe's India | Senior Auditor - Business SOX

Core responsibilities

• This position is based at our on-site office in Bengaluru.
• IA is responsible for planning, executing, and reporting operational, compliance, financial, and technology audits.
• The role will use data analysis, process analysis, technical accounting/SOX knowledge, and critical thinking to identify control deficiencies and communicate results clearly to management.
• Develops SOX work plans and testing procedures for assigned processes and controls in accordance with Lowe’s Audit Methodology and the Company’s SOX 404 assessment approach.
• Performs process walkthroughs and risk assessments to understand financial reporting processes, identify key risks and controls, and evaluate whether control design appropriately addresses identified risks.
• Reviews management testing, supporting documentation, and control evidence assigned, and identifies and documents control design or operating effectiveness deficiencies based on the analysis performed.
• Evaluates testing results, performs data analysis where applicable, and prepares clear summaries of control exceptions, deficiencies, root causes, and risk exposure for review by the Lead Auditor and Audit Senior Manager.
• Coordinates with process owners, Management, internal teams, and external auditors to obtain required information and ensure SOX testing milestones and reporting timelines are met.
• Supports quarterly SOX activities, issue follow-up, remediation validation, and SOX modernization or readiness assessments, as assigned.
• Provides day-to-day guidance to Staff Auditors, reviews assigned workpapers and testing documentation, and supports their development while escalating significant matters to the Lead Auditor or Audit Senior Manager.
• Ensures control exceptions, root causes, risk exposures, and management action plans are clearly, accurately, and promptly documented.
• Communicates SOX testing status, exceptions, and other matters of concern in a timely and professional manner to the audit team and relevant stakeholders.
• Develops and maintains effective working relationships with process owners, Management, external auditors, and SOX stakeholders through consistent and open communication.
• Provides practical insights and recommendations on control enhancements and process improvement opportunities while maintaining an appropriate level of independence.
• Drives for results by meeting project deadlines, maintaining high-quality workpapers, and supporting timely completion of SOX program objectives.
• Works cross-functionally to organize testing activities, evidence, and review processes and to support an efficient SOX workflow.
• Organizes resources and information effectively, manages competing priorities, seeks opportunities to strengthen technical SOX and accounting knowledge, and contributes to continuous improvement of the SOX program

Qualifications

• 3-6 years of experience in Business SOX, internal/external audit, accounting, or relevant business/control functions.
• Working knowledge of SOX 404, internal controls over financial reporting, auditing standards/frameworks, and control testing methodologies.
• Retail business and/or public accounting experience.
• Demonstrated experience reviewing work of less experienced auditors, coordinating with stakeholders, and applying sound audit judgment.

Lowe's Companies, Inc.

Lucius Smith Lowe opened Lowe's North Wilkesboro Hardware in North Carolina in 1921, and the business grew into a national chain of home improvement stores. Lowe's went public in 1961, has been listed on the New York Stock Exchange since 1979 and is headquartered in Mooresville, North Carolina. Its stores and website sell building materials, tools, appliances and home and garden products to homeowners and trade customers, and since selling its Canadian retail business in 2023 its stores are all in the United States. Lowe's set up an office in Bengaluru in 2014 to expand its analytics and technology work. Lowe's India Private Limited now operates from Manyata Embassy Business Park in Bengaluru, supporting the company in technology, data science and analytics, omnichannel platforms, supply chain, merchandising, marketing, and financial planning and analysis.

Finance hiring in Bengaluru is weighted towards internal audit, with staff, senior and lead senior auditor roles, including business SOX work, that ask for two to nine years of post-qualification experience. Other openings cover order-to-cash and collections, accounting analytics and reporting, and FP&A planning and forecasting. Seniority runs from associate roles needing two to three years to lead analyst and lead auditor roles. The FP&A role wants a qualified CA, CMA, CIMA or CFA, or an MBA in Finance, while the audit roles look for a degree in accounting or finance and prefer a CA, CPA, CIA or CISA.

• Industry: Home improvement retail: building materials, tools, appliances, and home and garden products sold through stores and online to homeowners and professional customers
• Headquarters: Mooresville, North Carolina, United States (Lowe's Companies, Inc., listed on the NYSE as LOW)
• In India: Lowe's India Private Limited at Manyata Embassy Business Park, Bengaluru; Lowe's set up its Bengaluru office in 2014