THE ROLE

Tootsie Roll Industries, Inc. (“Tootsie Roll” or the “Company”) has been manufacturing iconic confectionary brands such as Tootsie Roll, Tootsie Pops, Childs Play, Blow Pops, Dots, Dubble Bubble, Junior Mints, Andes, and Charleston Chew for over a century. The Company is searching for an Assistant Controller to join the corporate accounting team at the Company’s headquarters. The Assistant Controller will report to the Director of Accounting and with a team of three direct reports will manage the general ledger and financial reporting functions. The Assistant Controller will be a highly visible role across the entire company; from the production facilities to C-Suite to shareholders.

This is an exciting time to join the team. The organization is undergoing a generational change which presents an engaging opportunity to be a part of the next evolution of Tootsie Roll’s finance and accounting function. The right candidate will come with an arsenal of best practices to maximize efficiency and the desire to execute, the technical knowledge and integrity to continue the tradition of providing accurate and timely reporting, and the business acumen and strategic foresight to continue to develop the group’s capacity as a trusted financial advisor. The role will be uniquely positioned to engage with cross-functional corporate business partners to identify actionable insights by responding to their needs by with information necessary to answer key business questions.

Tootsie Roll is proud to have built a culture based on tradition, respect, loyalty, and trust. The right candidate will be groomed to eventually own the entire Corporate accounting function. If an authentic environment where a good work ethic is respected sounds refreshing and you’re looking for a home where you will have the autonomy to build your future, we have an opportunity for you.

ROLE RESPONSIBILITIES & HIGHLIGHTS

Accounting and Financial Reporting

• Serve as a US Generally Accepted Accounting Principles (“US GAAP”) technical accounting expert for the company; educate leadership on the accounting implications of new business concepts or new pronouncements, ensure policies and practices conform with existing guidance and document any accounting positions as may be needed for audit purposes.
• Own the design of the Company’s Oracle E-Business Solution (“Oracle”) and Hyperion Financial Consolidation and Close (“Hyperion”) software packages from GL structure to the consolidation of all domestic and foreign operations.
• Work with internal stakeholders and the Financial Reporting Manager to identify opportunities to tailor reporting to create actionable insights. Opportunities exist to leverage the Company’s business intelligence tools in addition to traditional financial reporting formats.
• Direct the accounting for traditional corporate topics such as cash, investments, equity, pensions, healthcare, insurance and various corporate accrued expenses as well as several centralized workflows such as accounts receivable, accounts payable, fixed assets, trade promotions, payroll, derivatives, and leasing.
• Ensure policies and procedures are in place to prepare accurate and timely monthly internal financial reporting and ad hoc reporting for internal stakeholders; identify opportunities for automation and efficiency to unlock capacity for value-add analysis and rigor.

Compliance

• Manage the Company’s quarterly SEC review and annual audit processes with the Company’s external auditor, Grant Thornton; set the annual audit schedule including quarterly reviews, coordinate internal meetings and guide auditor interaction with non-financial teams, manage item request lists and curate information provided to the auditors.
• Coordinate management’s annual assessment of its internal control over financial reporting in accordance with the Sarbanes Oxley Act of 2004 (“SOX”). The Company uses a third-party accounting firm to execute the testing program; efficient coordination of the third-party and Grant Thornton is critical to successfully meet filing deadlines.
• Provide input on the design of the Company’s internal control over financial reporting; add, remove, or change key controls as agreed upon with team leadership.
• Review the Company’s Form 10-Q, Form 10-K, press releases, Proxy, and other SEC filings, including filing of any independent or associated Form 8-K’s, for accuracy and conformity with US GAAP where applicable. Work with the Company’s SEC legal counsel to ensure proper compliance with SEC regulations.
• Support the tax department with quarterly income tax analysis and review including deferred tax as well as preparing and providing key information for use in the income tax process; prepare support for transfer pricing analyses and direct the recording of any necessary adjustments, prepare estimates of domestic pre-tax income for use in preparing estimated tax payments and prepare the annual reconciliation of pre-tax earnings by legal entity to consolidated pre-tax earnings to support the annual tax provision.
• Ensure compliance with applicable government regulations and oversee the preparation of any required informational reports.
• Persistently search for opportunities to automate or otherwise more efficiently complete compliance oriented tasks to unlock capacity for value-add analysis and rigor to support the organization.

Leadership

• Direct the efforts of the Company’s corporate general ledger accounting and financial reporting department team of three professionals.
• Manage team performance, help team members identify efficiencies, coordinate efforts to meet deadlines, and coach team members through any process changes identified.
• Work with the Director of Accounting to define the future of the accounting function and align developmental efforts towards that end including improvements to existing, identifying new, or reallocating software and staffing resources to maximize the efficiency and integrity of processes and deliverables.

QUALIFICATIONS

• Minimum 10 years of experience in corporate accounting and related functions such as general ledger accounting and financial reporting, accounts payable, accounts receivable, payroll, and/or treasury; at least 5 years of experience with a publicly traded Company with exposure to SOX
• Requires CPA and Bachelor’s degree from a nationally recognized university in accounting or an equivalent
• Public accounting experience preferred; experience with financial statement auditors required
• Oracle Financials (or similar large ERP system, e.g. SAP) experience highly desirable
• Strong MS Excel, Word, and PowerPoint skills

• Hyperion Cloud Financial Consolidation and Close reporting software
• Oracle EBS Software or similar large ERP system
• Microsoft Office (MS Word, Excel and PowerPoint)
• Oracle Business Intelligence or other business intelligence tools

COMPETENCIES AND ABILITIES

Problem Solving

Ability to review financial reports for accuracy under US GAAP and to spot trends that may lead to actionable insights; analyze, distill, and communicate interpretive commentary on financial results and metrics

Communication

Ability to clearly articulate issues, associated analysis and solutions clearly in both written and oral form

Leadership

Capable of taking the lead in the resolution of issues and gain the commitment of others without direct reporting responsibility; ability to motivate direct reports

Team Commitment

Capable of gaining respect from others, to share ideas openly and to support team decisions; willingness to cross functional boundaries as part of a corporate accounting team with shared deadlines to meet expectations

Collaboration

Patience to understand current processes and practices coupled with the experience and persuasiveness to propose and implement best practices appropriate for the Company and culture

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) 6% Match
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Experience level:

• 10 years

Schedule:

• Day shift

Supplemental pay types:

• Bonus opportunities

Work Location: In person