Overview

Who we are

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve. We’re looking for diverse, talented team members who want to Dream. Do. Grow. with us.

An important part of the Toyota family is Toyota Financial Services (TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a separate business entity, it is an essential part of this world-changing company- delivering on Toyota's vision to move people beyond what's possible. At TFS, you will help create best-in-class customer experience in an innovative, collaborative environment.

To save time applying, Toyota does not offer sponsorship of job applicants for employment-based visas or any other work authorization for this position at this time.

What we’re looking for

The TFS Critical Accounting Estimates department is looking for a passionate and highly motived Residual Value Accounting Senior Analyst. This highly visible and influential role works very closely with DnA, IDS, RV Risk and Accounting Policy in ensuring accurate and timely preparation and review of these estimates, as well as ensuring the processes to develop these estimates are controlled and performed efficiently. As a key control to the process, this position is responsible for supporting the Accounting Manager with compiling material that will be presented to the Residual Value Committee. The individual will work closely with the Accounting Manager and National Manager, Critical Accounting Estimates, to support quarterly analysis, review and assessment for the estimates.

The primary responsibility of this role is to execute the monthly and quarterly accounting the end-to-end process for establishing the TMCC Residual Value expense estimates.

What you’ll be doing

Accounting and financial reporting oversite:

• Utilize a strong accounting foundation to navigate accounting complexities associated with critical estimates, including managing assumptions and judgements.
• Ensure strict compliance to the following standards and requirements for all items: US GAAP, SOX governance, quality assurance, model governance and internal audit.
• Execute monthly and quarterly RV processes and prepare related journal entries, including additional accumulated depreciation, next generation leasing, inventory net realizable value, and quarterly impairment analysis.
• Understand underlying modeling and processes performed by Risk and DnA.
• Assess that any changes in data or methodology meets standards and requirements.
• Prepare underlying support files to support financial statement and related disclosures by ensuring they are recorded timely, completely, and accurately.
• Understand changes and actively challenge modelling results to ensure they are consistent with overall business trends and expectations.
• Support Accounting Manager by maintaining and/or updating documentation for all processes is in place, including audit support, SOX narratives, user guides, model documentation, as well as documents supporting process and modeling transparency.
• Ensure appropriate testing for any changes are implemented in accordance with standards and requirements.
• Ensure accurate data representation, definitions, and source in reporting, presentations, and other deliverables.
• Support the external audit process to ensure timely sign-off, no deficiencies or material misstatements.

Enhance modeling and analytical capabilities:

• Support Accounting Manager with developing standardized analytical metrics, attribution reports, key performance indicators, and other tools to validate the accuracy of information, evaluate financial position, and changes in the RV process.
• Support Accounting Manager with developing standardized processes to explain the RV processes, outcomes, and changes in a way easy to understand for the non-accounting audience.
• Ensure integrated and automated process improvements occur without material error by working with Residual Value Risk, DnA, and Accounting.
• Serve as an Accounting Subject Matter Expert (SME) and partner with Risk and DnA in TFS’ implementation of strategic programs or process enhancements in compliance with standards and requirements.
• Provide assistance and support new enterprise/strategic projects when necessary.
• Participate and provide input in regular communication with key stakeholders
• Evaluate, streamline, and improve process efficiency and automate to the extent possible.

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