Sr. Cost Management Accountant - The Toro Company

The Toro Company • Bloomington, MN

5d • Hybrid

About The Position

As the Sr. 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.

Requirements

• BA/BS degree in Accounting or Finance.
• Five plus (5+) years of experience in similar role
• Inventory and standard cost accounting, including cost analysis, variance review, and inventory controls
• Financial close, reporting, journal entries, and account reconciliations related to inventory and COGS
• Strong analytical, problem‑solving, and communication skills with the ability to work cross‑functionally and independently as experience increases
• MS Office
• Excellent written and verbal communication skills
• Strong analytical and problem solving skills

Nice To Haves

• ERP and reporting systems experience (SAP preferred; advanced proficiency and system leadership expected at senior levels)
• Power BI
• Previous experience working with SOX controls

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 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

Benefits

• 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.
• Competitive Salary – The pay range takes into account skills, experience, education, and location. It is not common to be hired at or near the top of the range; compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the annual pay range is between $96,900 - $121,100. Cash compensation is one piece of our competitive total rewards package. You may be eligible to participate in an incentive program, which rewards employees based on individual and organizational performance. Eligibility and award amounts are determined by company policy and performance metrics.
• If you need to, you can access your pay early with the dailypay app.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees