Global Equity & Executive Rewards Specialist - The Toro Company

Location: Bloomington, MN

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.

The Global Equity & Rewards Specialist supports the administration, analysis and continuous improvement of the company's global equity and other Total Rewards programs. The role has significant responsibility for equity administration while also supporting executive compensation, deferred compensation, relocation and other assigned rewards programs. The position partners with Total Rewards colleagues and cross-functional teams to ensure programs are administered accurately and effectively.

What Will You Do?

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

Equity Administration

• Administer global equity programs, including stock options, restricted stock units and performance-based awards.
• Support recurring equity activities across the award lifecycle, including grants, vesting, releases, terminations, reporting and participant communications.
• Maintain accurate equity records and support reconciliations, controls, reporting and compliance activities.
• Partner with internal stakeholders and the external equity administrator to research and resolve issues and support effective program delivery.

Executive Compensation & Rewards

• Support executive compensation activities, including data collection, analysis, market benchmarking, executive compensation surveys and recurring annual processes.
• Prepare analyses and supporting materials related to executive base pay, annual incentives, long-term incentives and other reward programs.
• Support the preparation and validation of information used in executive compensation disclosures, the annual proxy and Compensation Committee materials.
• Assist with executive compensation research, modeling and special analyses, with guidance on more complex matters.
• Develop increasing knowledge of executive compensation practices, governance and market trends.

Deferred Compensation

Support the administration of deferred compensation programs, including participant data, elections, distributions, communications, reporting, reconciliations and vendor coordination.

Relocation / Mobility

Support administration of relocation and mobility programs, including employee cases, vendor coordination, policy application, reporting and communications.

Total Rewards & Incentives

• Support selected Total Rewards programs and projects, including incentive-plan activities, program analysis, communications, data validation and process improvements.
• Partner across Compensation, Benefits, Payroll, Finance, Legal, HRIS and other functions on Total Rewards initiatives.
• What Do You Need?
• To be considered for this role, an individual should meet the following minimal requirements:
• Bachelor’s degree in human resources, Business Administration, Finance, or a related field. Certification in equity administration preferred (e.g. CEP).
• Typically 4-6 years of progressive experience in Total Rewards, compensation, equity administration, finance or a related discipline, with experience supporting equity and/or executive compensation programs.
• Working knowledge of equity compensation and stock-plan administration.
• Exposure to executive compensation, incentive compensation, executive benchmarking or related Total Rewards programs preferred.
• Strong analytical skills and ability to work with complex compensation and financial data.
• Strong attention to detail, judgment and discretion when working with confidential executive and employee information.
• Ability to independently manage defined recurring processes while recognizing when escalation or additional guidance is appropriate.
• Strong project management, communication and cross-functional collaboration skills.
• Experience working with Finance, Legal, Payroll, HRIS and/or external vendors preferred.
• CEP, CCP or progress toward a relevant Total Rewards certification preferred.

Other Job-Related Components

Travel may include occasional trip conferences or TTC site visits.

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 a hybrid way, with some time spent in office and some from home, has promoted team building and flexibility. #LI-Hybrid

Competitive Salary – 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. A reasonable estimate of the annual pay range is between $105,000- $135,000. Cash compensation is one piece of our competitive total rewards package. If you need to, you can access your pay early with the dailypay app.

At The Toro Company, we are committed to fostering a secure and trustworthy recruitment experience for our applicants. Recruitment fraud is a growing concern for 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. All legitimate job opportunities must be applied for directly through our official careers page at jobs.thetorocompany.com or via Workday, our applicant tracking system.

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.