Lowe's—Senior Auditor

Job description

Description: Innovate in Bengaluru This position is based at our on-site office in Bengaluru. Lowe's offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience.  About Lowe’s Lowe’s 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 India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India About the Team Internal Audit is an independent assurance/advisory function reporting functionally to the audit committee of the Board and administratively to the Finance function (CFO). IA is responsible for planning, executing, and reporting operational, compliance, financial, and technology audits. Job Summary: The Senior Auditor - SOX will work closely with the Lead Auditor and Audit Senior Manager to support Internal Audit’s SOX Oversight program, including SOX planning activities, independent testing of business process controls, business access controls and applicable IT/application controls, review of management testing, and related reporting and administrative activities. The Senior Auditor will plan and execute assigned SOX procedures; conduct interviews and walkthroughs with process owners; identify key risks and controls; develop and execute test procedures; evaluate control design and operating effectiveness; and prepare and review workpapers that support conclusions reached. 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. The Senior Auditor will coordinate with Management, external auditors, and the U.S. SOX oversight team as appropriate, support quarterly SOX procedures and continuous improvement initiatives, and provide day-to-day guidance and review support to Staff Auditors. While primarily focused on SOX oversight activities, the Senior Auditor may also support SOX modernization/readiness assessments, operational audits of Finance and Accounting processes, issue follow-up, and other departmental initiatives. Roles & Responsibilities Core Responsibilities: SOX Evaluation and Data Integrity •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 •Independently executes testing of in-scope SOX controls, including business process controls, business access controls, and applicable IT/application controls, and documents results in accordance with workpaper standards •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 Project Management •Coordinates with process owners, Management, internal teams, and external auditors to obtain required information and ensure SOX testing milestones and reporting timelines are met •Applies working knowledge of SOX, internal controls over financial reporting, accounting, and auditing concepts to execute assigned procedures efficiently and with appropriate professional judgment •Supports quarterly SOX activities, issue follow-up, remediation validation, and SOX modernization or readiness assessments, as assigned •Continuously develops knowledge of SOX requirements, auditing standards, business processes, audit tools, and data analytics techniques to improve quality and efficiency •Efficiently manages multiple assignments and completes testing and documentation within established deadlines •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 Project Communication •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 Business Influence •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 Collaboration with Others •Works cross-functionally to organize testing activities, evidence, and review processes and to support an efficient SOX workflow •Promotes a collaborative environment by sharing knowledge, coaching less experienced auditors, and working effectively with peers, managers, Management, and external audit stakeholders Self-Development •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 Years of Experience: 4 to 6 years post qualification Education Qualification & Certifications Required Minimum Qualifications: •Bachelor’s degree in accounting, Finance, Business, IT, or a related field •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 •Master’s degree in business, Accounting, Finance, IT, or a related field •Retail business and/or public accounting experience •CPA/CA, CIA, CISA, or related professional certification (or currently pursuing certification) •Demonstrated experience reviewing work of less experienced auditors, coordinating with stakeholders, and applying sound audit judgment Skill Set Required Auditing experience SOX testing experience Report writing and written communication Secondary Skills (desired) ·Project management Negotiation 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.