Director: Assistant Controller (Onsite) - The Toro Company

ttc; BLOOMINGTON (MN); On-site; USD 120,000 - 180,000; Full time

Job summary

The Toro Company, a Minnesota-based leader in world-class equipment, seeks an Assistant Controller to lead enterprise accounting, consolidation, financial close and cost accounting with a team of ~22 professionals. The role partners with the Corporate Controller to ensure accurate, timely financial information and to modernize controllership through standardization and automation.

The successful candidate will oversee close, consolidation, reporting, cost accounting, and process improvements

Responsibilities

• Lead the monthly, quarterly, and annual close and consolidation processes, establishing clear timelines, accountabilities, review standards, and escalation protocols.
• Oversee the preparation and review of consolidated financial statements and supporting schedules in accordance with U.S. GAAP and applicable statutory requirements.
• Coordinate accounting inputs and documentation for external reporting and SEC filings, partnering with technical accounting, legal, finance, and other stakeholders.
• Review significant, complex, or unusual transactions and ensure accounting conclusions are appropriately documented, approved, and reflected in the financial records.
• Monitor close performance, reporting accuracy, and balance sheet integrity; resolve issues promptly and drive sustainable corrective actions.
• Oversee core accounting activities including general accounting, consolidations, intercompany accounting, fixed assets, inventory accounting, and balance sheet reconciliations.
• Define and monitor service, quality, and control expectations for accounting processes performed by corporate, business, regional, or shared‑service teams.
• Partner with Finance Technology and IT to improve ERP, consolidation, reconciliation, and financial reporting capabilities; represent controllership requirements in system initiatives.
• Establish meaningful performance measures and use root‑cause analysis to drive continuous improvement.
• Leverage AI/ML and other technologies to automate close, consolidation and ledger data validation to reduce audit lag and minimize manual efforts
• Actively coordinate upstream business data practices where financial data originates, design and add dimensionality to the chart of accounts as necessary to facilitate custom, granular business reporting
• Manage cost accounting processes, including standard cost procedures, inventory valuation and existence.
• Collaborate with the Integrated Supply Team to improve cost transparency.
• Efficiently and accurately handle the forecasting and recording of LIFO entries.
• Ensure cost and inventory items are consistently aligned among FP&A, Accounting, and External Reporting.
• Serve as a trusted partner to finance and business leaders on accounting, reporting, controls, and financial process matters.
• Collaborate with FP&A, Tax, Treasury, Shared Services, Finance Technology, Legal, IT, Internal Audit, and Operations to align accounting execution with enterprise priorities.
• Lead or contribute to ERP implementations, finance transformation, organizational changes, and other cross‑functional initiatives requiring strong accounting governance.
• Communicate accounting risks, decisions, tradeoffs, and recommended actions clearly to senior finance leadership.

Job description

Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa, regardless of expiration date, now or in the future.

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 a healthy tenure, come find out what makes The Toro Company the best place in the Twin Cities to build a career.

Job Purpose:

The Assistant Controller provides operational leadership for enterprise accounting, consolidation, financial close and cost accounting with a staff consisting of two direct reports and approximately 20 professional staff. The role partners with the Corporate Controller to ensure the accuracy, integrity, and timeliness of financial information while translating accounting requirements into disciplined, scalable processes. This leader strengthens governance, develops accounting talent, and modernizes controllership operations by advancing standardization, automation, and data quality across a complex, multi‑entity environment.

What Will You Do?

Financial Close, Consolidation & Reporting

• Lead the monthly, quarterly, and annual close and consolidation processes, establishing clear timelines, accountabilities, review standards, and escalation protocols.
• Oversee the preparation and review of consolidated financial statements and supporting schedules in accordance with U.S. GAAP and applicable statutory requirements.
• Coordinate accounting inputs and documentation for external reporting and SEC filings, partnering with technical accounting, legal, finance, and other stakeholders.
• Review significant, complex, or unusual transactions and ensure accounting conclusions are appropriately documented, approved, and reflected in the financial records.
• Monitor close performance, reporting accuracy, and balance sheet integrity; resolve issues promptly and drive sustainable corrective actions.

Accounting Operations & Process Excellence

• Oversee core accounting activities including general accounting, consolidations, intercompany accounting, fixed assets, inventory accounting, and balance sheet reconciliations.
• Define and monitor service, quality, and control expectations for accounting processes performed by corporate, business, regional, or shared‑service teams.
• Partner with Finance Technology and IT to improve ERP, consolidation, reconciliation, and financial reporting capabilities; represent controllership requirements in system initiatives.
• Establish meaningful performance measures and use root‑cause analysis to drive continuous improvement.
• Leverage AI/ML and other technologies to automate close, consolidation and ledger data validation to reduce audit lag and minimize manual efforts
• Actively coordinate upstream business data practices where financial data originates, design and add dimensionality to the chart of accounts as necessary to facilitate custom, granular business reporting

Cost Accounting and Inventory

• Manage cost accounting processes, including standard cost procedures, inventory valuation and existence.
• Collaborate with the Integrated Supply Team to improve cost transparency.
• Efficiently and accurately handle the forecasting and recording of LIFO entries.
• Ensure cost and inventory items are consistently aligned among FP&A, Accounting, and External Reporting.

Business Partnership & Enterprise Initiatives

• Serve as a trusted partner to finance and business leaders on accounting, reporting, controls, and financial process matters.
• Collaborate with FP&A, Tax, Treasury, Shared Services, Finance Technology, Legal, IT, Internal Audit, and Operations to align accounting execution with enterprise priorities.
• Lead or contribute to ERP implementations, finance transformation, organizational changes, and other cross‑functional initiatives requiring strong accounting governance.
• Communicate accounting risks, decisions, tradeoffs, and recommended actions clearly to senior finance leadership.

People Leadership & Talent Development

• Lead, coach, and develop a high‑performing accounting team with clear roles, decision rights, objectives, and development plans.
• Build organizational capability through succession planning, cross‑training, technical development, and exposure to enterprise initiatives.
• Promote collaboration, inclusion, accountability, continuous learning, and constructive challenge.
• Allocate resources to the highest‑risk and highest‑value priorities and adjust capacity as business needs evolve.

What Do You Need?

Education & Experience

Bachelor'