Lowe's India | Staff Auditor

Roles & 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.
• This role will assist the Lead Auditors in the administration of Internal Audit’s SOX Business Process Controls and Business Access Controls & ITAC (Information Technology Application Controls) Oversight program and in conducting SOX Modernization readiness assessment and conducting Operational Audits for Finance & Accounts processes.
• The primary purpose of this role is to work closely with the Lead Auditors and project teams by assisting in planning, developing, and executing of audit testing.
• Overall, this role will assist in audits that evaluate the effectiveness of internal controls established to manage Lowe's most significant risks.
• The role will be the liaison for SOX related activities with Management and the external auditors.
• Engagement with Management includes consulting on controls/narratives, training on best practices, and oversight of Management testing, as well as routine quarterly SOX procedures.
• Identifies and documents aspects of the organization's systems and processes that do not comply with regulations, laws, and standards or do not comply with the organization's policies and operating procedures.
• Assist in identifying key risks, develops process mapping and conducts testing for in-scope controls.
• Performs data analysis to deliver valuable insights to management, when applicable.
• Assists Lead/Senior Auditor in the detailed report and summarization of audit findings.
• Provides support for coordinating with the client and management to ensure project timelines are met.
• Responsible for work paper standards.
• Participates in rotational committee work such as internal quality reviews, issue follow up and training coordination to gain extensive knowledge and experience in key audit functional areas.
• Assists the Senior Auditor in coordinating with the client and management to ensure project milestone timelines are.
• Assists Senior Auditor in ensuring significant findings, root causes, risk exposures, and management action plans are.
• Communicates audit exceptions and other items of concern in a timely manner to the audit team and clients.
• Develops client relationships professionally through consistent dialogue and open communications throughout the.
• Drives for results by consistently achieving goals and pushing to complete tasks by their deadlines.
• Works cross-functionally to manage and organize work processes and ensure the most efficient workflow.
• Supports a collaborative environment by working in a team of peers to solve problems and shares information with.
• Assists with Internal Audit’s oversight role in the Company's SOX 404 assessment, including SOX program planning activities, performing independent SOX testing, reviewing management’s testing, and driving SOX-related administrative activities such as reporting of internal controls over financial reporting.
• Collects preliminary data and conducts analysis and assists Lead and Senior Auditor in detecting deficient controls, inefficiencies, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies
• Organizes resources, information, and significant findings from root cause, risk exposure, and management analysis.
• Organizes resources and information in an efficient manner to handle competing demands and accomplish what needs

Qualifications

• Experience by understanding how the Staff Auditor role, team goals, and daily activities fit into the company vision.
• Audit (internal) experience or relevant business experience, SOX, Accounting Retail business experience, Public Accounting experience CPA/CA, CIA, CISA, or related field (optional).

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