Cost Management Accountant - 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. 

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 casua