Job Information
The Toro Company Cost Management Accountant - The Toro Company in Bloomington, Minnesota
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.
Cost Management Accountant at TTC: Manage and support inventory costing, analysis, and reporting for assigned business divisions and plant locations. Scope of activities includes involvement in monthly and periodic financial reporting, cost analysis and analytics, the monthly and year-end financial close, and account reconciliations 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 :
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 physical inventories if needed.
Reconcile and research items in the goods receipt/invoice receipt account and work with plant locations and Global Shared Services 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
Oversee and ensure accuracy of calculation of accruals (i.e. E&O inventory).
Support Corporate Accounting, Global Operations, business divisions, and subsidiary accounting groups as required.
Participate in projects to support TTC’s annual initiatives.
Assist in providing financial analyses and analytics to key business partners to aid in decision making.
Work with the business divisions and plant locations 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.
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/annual 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 team 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 required; designation in Accounting or Finance preferred
Accountant I: 0-3 years' relevant finance or accounting experience
Accountant II: 3 -5+ years' of relevant finance or accounting experience
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 Management and other TTC departments.
Knowledge/exposure to an enterprise wide ERP system (SAP and OneStream preferred)
Intermediate skills in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook, Teams)
Limited travel required (less than 10%)
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 café, 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 One@Work app, formerly the Even app.
At The Toro Company, we are committed to fostering a secure and trustworthy recruitment process for our applicants. Recruitment fraud is a potential threat to job seekers, so please be aware that throughout our recruitment process, you’ll never be required to pay any fees or disclose personal financial details when applying to TTC opportunities .
We are proud to be an Equal Opportunity Employer and consider qualified applicants without regard to race, color, religion, sex (including pregnancy and related needs and conditions, 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.