Director - Audit Services

Penske•Cumru Township, PA

About The Position

The Director of Audit Services leads Penske’s global internal audit function, providing independent assurance to executive leadership and the Audit Committee regarding internal controls, risk management, and governance processes. The role covers operations in North and South America and Genpact shared service centers in India and Mexico. The audit scope also includes related organizations Team Penske Racing and the Indianapolis Motor Speedway. The Director oversees a risk-based internal audit program aligned with public company standards, manages the voluntary Sarbanes-Oxley (SOX) compliance program, coordinates with external auditors supporting the annual financial statement audit, and supports Penske Logistics Transportation Management Services SOC examinations. Reporting to the Chief Audit Executive, the Director manages two Audit Managers and oversees eleven indirect audit professionals and four Genpact professionals. The position partners with finance, IT, and operational leaders to strengthen the control environment, address emerging risks, and provide insights that support organizational performance and accountability. It also provides business advisory services, engagement oversight, executive reporting, and quality assurance across financial, operational, IT, regulatory compliance, and strategic risk areas.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
At least 15 years of progressive experience in internal audit, public accounting, or risk management.
At least 10 years of experience leading and developing audit teams in complex organizational environments.
Experience managing and supporting SOX compliance programs, SOC audits, control environment assessments, and management special project requests.
Strong understanding of internal controls, SOX compliance, and audit methodologies.
Knowledge of U.S. GAAP, financial reporting, and regulatory expectations for public companies.
Strategic mindset with strong analytical and problem-solving capabilities.
Excellent communication skills, including the ability to present complex issues to senior executives and audit committees.
Ability to assess operational, financial, and IT risks across global environments.
Regular, predictable, full attendance is an essential function of the job.
Willingness to travel as necessary, work the required schedule and specific location, complete a Penske employment application, and submit to a background investigation and drug screening.

Nice To Haves

MBA.
One or more of the following certifications: CFE (Certified Fraud Examiner), CIA (Certified Internal Auditor), CPA (Certified Public Accountant), or CISA (Certified Information Systems Auditor).
Experience at a publicly traded Fortune 500 company and/or a Top Ten accounting firm.
Experience performing and/or supporting financial statement audits conducted by Top Ten firms.
Experience leading managers and overseeing global and/or distributed teams across multinational operations.

Responsibilities

Support enterprise-wide risk assessments and allocate audit resources to engagements based on complexity, team capabilities, and development needs.
Provide internal-control consulting for management requests, system implementations, process redesigns, and strategic initiatives, including pre-implementation reviews and control design assessments.
Provide technical guidance across concurrent audit engagements and act as an escalation point for complex accounting treatments, control deficiencies, and scope challenges.
Facilitate resolution of contentious audit findings in collaboration with stakeholders.
Lead integrated audits across financial, operational, IT, regulatory compliance, and strategic risk domains.
Lead specialized audit work, including SOX compliance testing, operational efficiency reviews, IT general controls and segregation-of-duties assessments, and regulatory examinations.
Translate audit findings into actionable reports and presentations, guide teams in developing risk-rated recommendations, and present findings and trends to business process owners and senior management.
Enforce adherence to IIA Standards, regulatory requirements, and organizational policies through quality reviews of audit documentation.
Lead and develop a diverse team of U.S. and India professionals, ensuring consistent audit quality and reporting.
Partner with senior leaders across finance, IT, operations, and shared services to strengthen controls, improve business processes, and provide risk insights.
Identify opportunities to improve business processes, operational efficiency, and control effectiveness.
Foster collaboration, accountability, and continuous improvement.
Perform other projects and tasks as assigned.