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External Reporting Manager (or Sr. Manager)

Employer
The Toro Company
Location
Bloomington, MN
Start date
Jan 18, 2022
Closing date
Feb 17, 2022

View more

Category
Other
Job Type
Employee
Employment Status
Full Time

Job Details

Job Purpose:

Direct and lead the preparation of quarterly SEC external reporting requirements to reflect the worldwide financial results of The Toro Company. Specifically responsible for external reporting and technical accounting in compliance with the required standards of the SEC, U.S. GAAP and The Toro Company’s standards. Oversees effective and compliant external reporting and technical accounting processes in support of the finance organization.

Job Duties & Responsibilities:

  • Provide leadership and direction for quarterly SEC external reporting requirements, including disclosures on Form 10-Q and Form 10-K and other miscellaneous accounting matters. Support the quarterly earnings call process through review of quarterly operating results for upper management

  • Research and provide direction regarding SEC and FASB pronouncements and technical accounting guidance for business-specific scenario analysis and review and prepare whitepapers, including the adoption of accounting standards updates and other technical areas such as goodwill impairment and segment reporting.

  • Direct the accounting due diligence process for potential acquisitions and divestitures. Provide oversight for significant purchase accounting assumptions regarding the valuation work associated with acquired assets and assumed liabilities.

  • Ensure internal controls are designed and operating effectively related to the external reporting and certain corporate accounting processes and as applicable, identify control deficiencies, develop corrective action plans and continually monitor for timely remediation. Partner with internal and external audit to facilitate both interim and annual audit procedures.

  • Direct benefit plan audits requiring filing on Form 11-K and Form 5500, including the merger of certain defined contribution plans, as needed.

  • Manage, develop and maintain a team of accountants, providing clear direction, motivation, engagement and career development opportunities.

Job Qualifications:

  • Bachelor’s in Accounting required, MBA or other applicable advanced degree preferred.

  • 8+ years business accounting experience with emphasis in compliance with SEC, GAAP and FASB regulations.

  • CPA and public accounting experience required.

  • Mergers and acquisitions experience preferred.

  • Excellent presentation, written and verbal communication skills.

  • Drive for – and proven success in driving – continued improvement of business, function and self.

  • Leverages technology and systems to drive efficiencies.

  • Demonstrated project management skills.

  • Strong leader and coach with focus on career and professional development of staff.

  • Advanced ERP knowledge/exposure (SAP preferred).

  • Advanced Microsoft Excel and intermediate Microsoft PowerPoint and Word skill

Other Job-Related Components:

  • Provide direct leadership to a team of 1-3 accounting professionals.

  • Provide leadership and expertise to the executive team, disclosure committee, audit committee, and business and corporate finance teams on external reporting and technical accounting topics and new accounting pronouncements released by the FASB and SEC.

  • Identify and drive efficiency and cost savings initiatives.

  • Limited travel required (less than 10%)

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.

Company

History
The Toro Company has a pioneering spirit. The company began as Toro Motor Co., an engine supplier for Bull Tractor Co., and survived the tumultuous years of World War I by building steam engines to support the war effort. Toro shifted gears in 1920, changing its name to Toro Manufacturing Co. and refocusing on farming equipment.

In 1921, Toro created the first mechanical golf course maintenance equipment by mounting five lawn mowers behind a Toro tractor to mow the fairways at Minikahda Country Club in Minnesota. As the company expanded further, it established a network of distributors that still exists today. These distributors enhance the professionalism and knowledge associated with the Toro brand.

Toro entered the international marketplace in 1928, shipping golf course and grounds maintenance products worldwide. Throughout the 1900s, Toro developed innovative products to serve homeowners and professionals alike, a growth that continues in the new millennium.

Vision
Toro has a vision for the future and the wisdom of the past. Since 1914 Toro has created innovative, high-quality products that are the best in the turf and landscape market. For us, success is measured not just in numbers but also by the satisfaction of our customers, the preservation and beauty of the environment, and the growth of our employees.

Toro's products are as diverse as our customers. From landscapers and golf course managers to homeowners, grounds and sports field managers and beyond, our equipment is built to satisfy the needs of our customers.

In addition, Toro also gives back to the industry and the communities it serves. Through The Toro Foundation, a portion of every Toro purchase is returned to communities and the turf industry. And The Toro Scholars Program awards scholarships to tomorrow's outdoor landscape industry leaders.

Mission
Toro's mission is to be the leading worldwide provider of outdoor landscaping products, support services and integrated systems. We also explore new opportunities that build revenue growth and sustainability using our core competencies to gain a leading market position.

Environment
Toro is a company with its eyes focused on a future of innovation and growth, yet firmly rooted in its rich heritage. Toro is its people and the commitment that each employee brings to their job. Toro knows that our company's best chance for success is to unleash the potential of our best resource - our people. It's their efforts that have built our company, and that will carry us into the next century.

Benefits
The Toro Company offers a well-balanced benefits program designed to provide a basic level of retirement security and protection against the risks of illness, accident, disability and death. Several of the plans offer the employee flexibility to purchase additional coverage protection at group rates, depending on their individual and family needs. A brief selection of benefits include:

  • Medical Plan
  • Dental Plan
  • Life and Accidental Death and Dismemberment Coverage
  • Disability Coverage
  • Business Travel Accident Coverage
  • Toro 401(k) Employee Investment Savings and Toro Matching Plan
  • Employee Stock Ownership Plan
  • Tuition Reimbursement
  • Health Care and Dependent Care Spending Accounts
  • Vacations
  • Holidays
  • Product Purchase Programs
  • Employee Assistance Program
  • Credit Union
  • Free Parking
Company info
Location
Bloomington
MN
US

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