Sourcing Cost Analyst - 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, MN (or Perry, OK) to build a career. 

Your Opportunity:

We are seeking a highly skilled and detail-oriented Sourcing Analyst to join our team. The Sourcing Analyst will play a vital role in leading efforts to drive cost savings, manage supplier-related expenses, and optimize overall departmental cost performance. The ideal candidate will possess strong analytical skills, the ability to handle complex data sets, and a knack for identifying cost-saving opportunities. The successful candidate will be able to effectively communicate financial performance and possess exceptional executive-level communication skills. A background in supply chain roles, strong financial acumen, and exceptional organizational skills are key attributes for this role.

Sponsorship:  

• VISA Sponsorship is not available for this position.

Work Location: 

• The selected finalist is either Bloomington, MN Toro's International Corporate Headquarters, or Ditch Witch Division Headquarters in Perry, OK.  

• The current team works 3-days on campus, with an optional 2-day hybrid option. 

• Fully remote is not available at this time. 

What Will You Do? Key Responsibilities:  

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

• Lead Cost Savings Efforts: Take ownership of cost reduction initiatives, working closely with suppliers and cross-functional teams to identify, evaluate, and implement cost-saving opportunities across the organization.

• Cost Saving Ideation and Project Tracking: Identify and recommend innovative ideas to minimize costs, and ensure the timely and efficient monitoring and tracking of cost-saving projects.

• Monthly Budget Forecasting and Reconciliation: Collaborate with finance and procurement teams to forecast monthly budgets accurately and reconcile actual costs against forecasts, providing detailed analysis and explanations.

• Standard Cost Model Forecasting: Develop and implement processes for creating standard cost models, providing accurate cost forecasts for procurement decisions and working closely with suppliers and internal stakeholders.

• Total Landed Cost Modeling: Build comprehensive and accurate total landed cost models to evaluate and optimize overall supply chain costs.

• Handle Complex Data Sets: Analyze and interpret complex supplier and financial data to identify trends, cost drivers, and areas for improvement.

• Influence Peers and Stakeholders: Build strong relationships with peers and stakeholders, effectively influencing decision-making processes to drive cost management objectives.

• Visual Reporting and Communication: Develop tools and reports to visually communicate progress, performance, and financial metrics, enabling effective communication to stakeholders at all levels of the organization.

• Executive-Level Communication: Prepare and deliver concise and compelling presentations to executive leadership, summarizing cost performance, savings initiatives, and recommendations.

• Organizational Skills: Maintain a highly organized approach to project management, ensuring tasks are prioritized, deadlines are met, and documentation is maintained.

What Do You Need?  Required Mindsets, Skills, and Knowledge:

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

• Bachelors degree in Supply Chain Management, Finance, or a related field.

• 2-4 years of relevant experience.

• Proven experience in supply chain roles, with a focus on cost management.

• Strong financial acumen and ability to analyze complex financial data effectively.

• Advanced proficiency in data analysis tools and Excel.

• Exceptional communication skills, both written and verbal, with the ability to communicate complex information in a concise and understandable manner.

• Ability to work in a challenging and fast-paced environment, adapting to changing priorities and ambiguity.

• Strong influencing skills, with the ability to collaborate and build relationships across teams and organizational levels.

• Detail-oriented and highly organized, with the ability to manage multiple projects simultaneously.

• Self-starter and motivated to drive continuous improvement in cost management processes.

Preferred:

• Prior experience with SAP, Ariba, and/or PowerBI preferred

• 5+ years of relevant experience.

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 casual, corporate environment. 

• 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 well-being, 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. 

• Competitive Salary– A reasonable salary estimate is $88,000 - $95,000 or this opportunity.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. Cash compensation is one piece of our competitive total rewards package. If you need to, you can access your pay early with the One@Work app, formerly the Even app. 

At The Toro Company, we are committed to fostering a secure and trustworthy recruitment process for our applicants. Recruitment fraud is a potential threat to job seekers, so please be aware that throughout our recruitment process, you’ll never be required to pay any fees or disclose personal financial details when applying to TTC opportunities.   

The Toro Company is an Equal Opportunity Employer. We consider all qualified applicants based on merit and do not discriminate on the basis of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information, military service, or other non-merit factors. We are committed to creating a welcoming environment for all employees.