Sr. Financial Analyst

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.

The Windom Plant Sr. Financial Analyst is responsible for all financial functions at the plant. This person will collaborate closely with the plant leadership team to clearly and concisely communicate results and provide analysis related to costs, budgets, policies of operations, trends and potential cost savings opportunities that ensure alignment for Strategic Planning, Plan and Projections. They will also provide hands-on financial support to the management teams to ensure successful understanding and execution of financial objectives.

What Will You Do?

In order to grow and build a successful career with The Toro Company, you will be responsible for:

Financial Planning, Reporting and Analysis

• Analyze the financial performance of manufacturing operations as compared with budgets and forecasts.
• Prepare comprehensive reports and summaries of key performance indicators (KPI) for the operations regional team, highlighting key factors requiring management attention.
• Communicate results of analysis and resulting recommendations to Operations Management, Plant Management and Finance Leadership.
• Coordinate annual planning process and formal projections for plant financial performance.
• Actively engage as team participant in "Lean Manufacturing" and Continuous Improvement projects and initiatives.
• Drive awareness, understanding, and adherence to all financial policies

General/Operations Accounting

• Develop, implement, and maintain a system of internal controls to ensure the safeguarding of assets, the integrity of financial results and the efficient functioning of the accounting department.
• Monitor spending levels of capital projects to ensure compliance with policy, ROI attainment, completion of spending, and projects closed out in timely basis.
• Ensure post-audits performed on major capital projects.
• Coordinate month-end/year-end balance sheet reconciliations.

Operations Financial Support

• Develop and report on a weekly/monthly/quarterly basis projections/actuals on production, plant performance, inventory, spending on direct labor, direct burden, and fixed burden and associated variances.
• Monitor and ensure that planned productivity improvements stay on track and are hitting targets.
• Provide financial leadership in preparing the justification of capital equipment and tooling investments, ensuring consistency in methodology and reasonability of assumptions.
• Collaborate with manufacturing plant in the control, reporting, and projection of capital spending and fixed asset balances to hit NPV and ROI milestones.
• Identify and drive cost reductions, operational improvements, and initiatives to improve financial performance.
• Support other assigned Operations functions with budgets and actual reports, as assigned.
• Securing/Maintaining Necessary Resources
  
  • Effectively identify and present department critical issues, goals, strategies, policies, and budgets.
  • Provide timely and quality support, documentation for recommendations.
  • Effectively communicate with appropriate parties the major issues, resource needs of the departments and secure approvals of resources to accomplish goals.
  • Effectively manage within the approved budgets.
• Support the Plant on the journey towards a Lean Enterprise.

Other

• Always serve as the financial conscience of the division in matters of business decision using a positive, team player approach.
• Continue to develop personal skills in the area of accounting, finance, system, leadership and overall management.
• Ensure that plants maintain SOX 404 compliance. Audit internal controls to ensure that compliance is maintained and sustained.
• Advocates the safety policies and procedures within the plant. Participate in safety inspections and supports plant safety activities as required by plant management team.

What Do You Need?

To be considered for this role, an individual should meet the following minimal requirements:

• Bachelor's degree in Finance, Business, or Accounting is required. MBA and/or CPA preferred.
• 5+ years of experience in a progressively more complex financial management, business planning and analysis roles. Will consider 3+ years in public accounting.
• Broad experience in planning and accounting in a manufacturing environment.
• Strong software and systems acumen (ERP experience preferred, SAP experience a plus).
• Excellent business acumen and strong interpersonal and communication skills.
• Demonstrated skills in identifying opportunities for improvement, creating buy-in and executing on ideas - increasing the productivity and effectiveness of the team and division.
• Highly motivated, forward-thinking, collaborative individual.

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 are committed to creating an inclusive environment for all employees.

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