Cost Management Accountant/ Sr. - The Toro Company

Who Are We?

The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens, to venues such as St. Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and an average employee tenure of 15 years, come find out what makes The Toro Company the best place in the Twin Cities to build a career.

As the Cost Management Accountant you will manage and support inventory costing, analysis and reporting for assigned divisions. Scope of activities includes significant involvement in monthly and periodic financial reporting, cost analysis and analytics, the monthly close and year end process, and account reconciliation related to inventory and cost of goods sold accounts.

What Will You Do?

In order to grow and build a successful career with The Toro Company, you will be responsible for the following responsibilities:

• Plan and coordinate the development and analysis of standard product costs.
• Provide ongoing review and analysis of standard costs, manufacturing, and distribution transactions for accuracy and impact to product cost. Assist in execution of annual physical inventories if needed.
  • Reconcile and research items in the goods receipt/invoice receipt account and work with the plants and accounts payable department on resolving outstanding discrepancies.
  • Provide support, review, and analysis of ABC cycle counting for assigned locations.
  • Assist in evaluation of inventory valuation methods to determine LIFO/FIFO impacts and the completion of year-end LIFO/FIFO work-papers. (Accountant III)
  • Oversee and ensure accuracy of calculation of accruals (i.e. E&O inventory).
• Support corporate accounting, global operations, divisions, and subsidiary accounting groups as required.
• Participate in projects designed to improve efficiency of Cost Management department's to support Toro's annual initiatives.
• Assist in providing financial analyses and analytics to Divisional and Operations and Finance management to aid in decision making.
• Work with the divisions and plants regarding the plan for next fiscal year's standard cost and analysis of changes.
• Serve as key member of the team, including working cross-functionally with other members of the business to ensure proper accounting.
• Assist in monthly financial closing and reporting process, utilizing SAP and OneStream.
• Complete quarterly account reconciliations of certain general ledger accounts and assist in management of account reconciliation tool
• Prepare and ensure the accuracy of assigned monthly/yearly journal entries.
• Assist in year-end audit work and assist internal and external audit teams as required.
• Ensure compliance with all departmental SOX 404 control procedures. Support the Internal Control group and external auditors in their testing of those controls as required.
• Maintain an advanced working knowledge of SAP. Assist with testing of new functionality added to future upgrades as required. Maintain SAP costing and configuration tables, as assigned.
• Perform other related duties and special projects that may be assigned.

What Do You Need?

To be considered for this role, an individual should meet the following minimal requirements:

• BA/BS degree in Business, Accounting, or Finance
• Position title dependent on years of relevant experience in Finance or Accounting roles:
• I: 0 to 3 years experience.
• II: 3 to 5 years: Able to work independently with little supervision.
• III (Sr.): 5 or more years: Able to apply advanced experience with SAP, ability to lead projects
• Strong attention to detail
• Strong analytical and problem solving skills
• Curious learner, self-starter with continuous improvement mind-set with project management skills
• Excellent written and verbal communication skills
• Ability to develop and maintain effective working relationships between Cost Accounting and other TTC departments.
• Knowledge/exposure to an enterprise wide ERP system (SAP preferred)
• Intermediate skills in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook, Teams), and reporting software experience such as One Stream preferred

What Can We Give You?

At The Toro Company, we are always working to make sure our employees know just how valued they are. In addition to a competitive salary, an affordable and top tier medical/dental/vision plan, 401k, and many other great benefits - The Toro company offers employees at our Bloomington, MN HQ location a variety of perks, including:

Dress for your day - We know you're more productive when you're comfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment.

Location - Conveniently located near both St. Paul and Minneapolis, we are centrally located for most commuters!

Food - Take advantage of our onsite cafe, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day.

Wellness - The Toro Company's HQ offers complimentary use of our onsite fitness facility to employees. In addition to physical wellbeing, TTC offers a variety of mental health and financial health resources to all employees.

Volunteerism - The Toro Company is proud to provide employees 20 hours of paid time to volunteer in the community.

Summer Hours - Enjoy a flexible schedule during the summer! By working a little more during the first few days of the week, TTC employees at our Bloomington HQ are able to start their weekends early and leave by noon on Friday.

Flexible Work Arrangements - This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-time, has promoted team-building and flexibility. #LI-Hybrid

Competitive Salary - The pay range takes into account skills, experience, education, and location. Cash compensation is one piece of our competitive total rewards package. If you need to, you can access your pay early with the Even app.

We are proud to be an Equal Opportunity Employer and consider qualified applicants without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, or other non-merit based factors. We celebrate diversity and are committed to creating an inclusive environment for all employees.