Sr. Manager/Manager II Treasury & Risk - 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 to build a career.

The Treasury & Risk Manager (II & Sr.) is responsible for partnering with the other Treasury & Risk Sr. Manager to optimize the effectiveness of the company's treasury function including cash and balance sheet management, liquidity planning and risk management activities. This role requires strategic thinking, strong leadership qualities, analytical skills and a comprehensive understanding of financial instruments, banking relationships and corporate finance principles. This position will also play a critical role in managing TTC’s global insurance program.

What Will You Do?

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

• Lead or co-lead global treasury projects including the implementation of a Treasury Management System (TMS).
• Work with the team to optimize TTC’s foreign exchange (FX) hedging program by automating processes, analyzing exposures, recommending strategies and executing FX transactions with counterparties.
• Assist in the strategic management of the company’s capital structure.
• Oversee daily cash positioning to ensure adequate liquidity and optimize cash balances.
• Optimize, automate and improve global cash forecasting.
• Oversee the administration of global bank account management including portal administration, authorized signer maintenance, KYC requests, open/close bank accounts, audit confirmation and fee monitoring.
• Manage payment initiation, review, and approval for wire transfers, ACH batches and other payment methods as required.
• Ensure compliance with regulatory requirements and internal controls related to treasury operations. Manage audits and documentations of treasury processes.
• Effectively manage the company’s banking relationships.
• Manage certain insurance renewal processes and claims management in collaboration with our insurance broker. Continually assess the global insurance program to ensure it is meeting the needs of the company.
• Manage corporate vehicle leasing program.

What Do You Need?

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

• Bachelor’s degree in finance, accounting, or related field.
• Master of Business Administration (MBA) not required but is a plus.
• Certified Treasury Professional (CTP) certification preferred.
• Manager II: 6+ years of experience.
• Sr. Manager: 10+ years of experience.  
• High attention to detail to enable accurate work. Sense of urgency and ability to multitask.
• Passion for continuous process improvement and automation.
• Excellent communication and interpersonal skills.
• High level of integrity and reliability.
• Proficient in the use of MS office products.
• Experience in working with or implementing a treasury management system (TMS) preferred.
• Experience with SAP and OneStream is preferred but not mandatory.
• Insurance experience is a plus.

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 ourBloomington, MN HQlocation 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. 

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.  ​#LI-Hybrid​

Competitive Salary – The pay range takes into account skills, experience, education, and location. 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.  

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.