Assistant Controller & Treasury Operations

Background

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 125 years. The Company is searching for an Assistant Controller to own the Company’s external financial reporting process including the independent financial statement audit and SOX compliance processes.

The Assistant Controller will report to the Corporate Controller and will lead the traditional corporate functions including general ledger, financial reporting, accounts payable, and payroll. The role also includes treasury responsibilities which first and foremost includes custodial monitoring of the Company’s substantial bond portfolio.

This is an exciting time to join the team and this role presents an engaging opportunity to be a part of the next evolution of Tootsie Roll’s finance and accounting function. The right candidate will be armed with a sharp attention to detail and the desire to execute while understanding the need to maintain accurate financial reporting and proper controls. Tootsie Roll is proud to have built a culture based on tradition, respect, loyalty, and trust.

• 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.
• 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.
• Partner with the Director of Finance to validate the integrity of financial information, both GAAP and non-GAAP, generated for internal use.
• 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.
• 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.

• 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.
• 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.
• 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…