Toyota Financial Services Corporation · 2 months ago
Consultant, Retirement Benefits Accounting
Plano, Texas
Full-time
Onsite
Senior Level
7+ years expToyota Financial Services Corporation is looking for a passionate and highly motivated Consultant for Retirement Benefits Accounting. The role involves leading the accounting, financial reporting, audit coordination, and strategic management of pension and retirement benefit plans, ensuring compliance and operational efficiency while partnering with senior leadership and external auditors.
Financial Services
No H1B
Responsibilities
Manage the annual Benefit Plan Audit across multiple divisions, coordinating with senior stakeholders in HR Benefits, Payroll, Treasury, Tax, Legal, Finance, and external auditors (Senior to Partner level)
Complete the financial statement disclosure checklist in support of the Benefit Plan audit process
Serve as the primary point of contact for external auditors during benefit plan audit, coordinate audit requests, provide documentation and resolve inquiries in a timely manner
Present audited financial statements to executive level management such as the TMNA CAO and CFO
Prepare audited financial statements for U.S. Savings, Pension, and Post-Retirement Benefit Plans
Draft annual pension footnote disclosures for inclusion in Toyota’s consolidated financial statements (TMNA AFS)
Review financial statements, reports, and disclosures to ensure accuracy and compliance with GAAP, IFRS, and regulatory requirements
Lead month-end and year-end close processes for retirement benefit accounts, including preparation and posting of US GAAP and IFRS journal entries
Review and approve general ledger account reconciliations related to retirement plan assets and liabilities
Monitor and analyze pension plan assets, liabilities, funding status, and cash flows on a quarterly basis
Research, evaluate, and document technical accounting positions related to retirement benefits, including policy changes and regulatory updates
Oversee accounting and participation in unionized retirement plans across North American entities
Support corporate initiatives and special projects involving plan mergers, acquisitions, and design changes
Partner with external actuarial firms (e.g., Willis Towers Watson) to coordinate deliverables, review reports, and evaluate plan obligations
Assess the financial impact of legislative or plan changes on company operations and financial statements
Respond to inquiries from internal and external stakeholders, including auditors, regulators, and employees, on pension and retirement benefit matters
Prepare executive-level reports and presentations related to pension accounting and benefit plan performance
Ensure compliance with Sarbanes-Oxley (SOX) requirements and controls, for all retirement and benefit plan accounting processes
Qualification
Required
Bachelor's degree in Accounting
7+ years of accounting experience (in similar field and/or industry)
Mixture of public/private accounting experience
CPA License
Enthusiastic self-starter with ability to tackle multiple projects simultaneously
Strong US GAAP Knowledge
Strong leadership skills in taking the initiative to lead Kaizen efforts and change management
Broad financial analytical skills
Preferred
Familiarity with Toyota business operations and accounting processes
Strong pension accounting knowledge
Experience with SAP S4/HANA
Experience using Blackline
Benefits
A work environment built on teamwork, flexibility and respect
Professional growth and development programs to help advance your career, as well as tuition reimbursement
Team Member Vehicle Purchase Discount
Toyota Team Member Lease Vehicle Program (if applicable)
Comprehensive health care and wellness plans for your entire family
Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute
Paid holidays and paid time off
Referral services related to prenatal services, adoption, childcare, schools and more
Tax Advantaged Accounts (Health Savings Account, Health Care FSA, Dependent Care FSA)
Relocation assistance (if applicable)
Company
Toyota Financial Services Corporation
Toyota Financial Services Corporation is made up of affiliates in more than 35 countries/locations.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Brajesh Kumar
Chief Technology Officer
Kris Pritchard
Vice President & Chief Risk Officer
Company data provided by crunchbase