Vice President - Internal Audit

Penske•Reading, PA

3d•Onsite

About The Position

The Vice President of Internal Audit leads the Company's internal audit function and provides an independent and objective evaluation of the design and effectiveness of the Company's governance, risk management, and internal controls as well as the review of all related processes. This position will be based at Penske's corporate office located in Berks County, PA - 75 minutes northwest of Philadelphia.

Requirements

BS/BA in Accounting, or equivalent required
Minimum of 10 years of combined experience in public accounting and internal audit required.
Prior work experience in industries other than banking required.
Minimum of 5 years of experience managing finance / accounting professionals required.
Must have proven ability to lead cross functional teams.
CPA required
Must be a proactive individual with strong leadership skills
Excellent written and verbal communications skills are required to develop and maintain working relationships with senior leaders as well as internal / external customers.
Must have outstanding project management, presentation, and organizational skills
Ability to travel up to 25%, primarily within North America with the potential for international travel.
Willingness to work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.

Nice To Haves

Previous experience with Sarbanes Oxley compliance preferred

Responsibilities

Establish the strategic direction for the audit team including audit methodology, automation techniques, and audit plan strategy.
Leads audits of complex and high risks areas of the Company
Develop / maintain a risk assessment process to guide the planning of internal audits
Develop a knowledge of all Penske organizations and functions to ensure audits are value-added activities
Develop working relationships with business leaders of all Penske organizations. Work with the business leaders to ensure completion of corrective actions to address compliance.
Formulate reports on audit findings
Other projects as assigned by Executive leadership
Ensure the Company has defined control structures and principles for the Accounting function
Provide leadership to management and process owners in developing and maintaining efficient and effective internal controls
Provide leadership over Sarbanes Oxley compliance activities
Work with external auditors to ensure adequate testing and documentation
Stay current with SEC and PCAOB standards related to internal controls
Provide leadership, guidance, and training to staff to strengthen the effectiveness and efficiency of internal control processes.
Ensure internal control standards are consistently understood, implemented, and maintained across all Penske locations.
Attract and select talented associates to improve the Audit organization.
Support the audit team's professional development and career advancement and provide opportunities for skill enhancement through on-the-job experiences and other training methods.
Utilize recognition and constructive feedback to elicit peak performance from all Audit associates.
Effectively communicate with staff
Develop and maintain the audit update process in order to discuss and review the status of existing audits, including all issues.
Develop and maintain quarterly audit committee meeting agenda and content partnering with CFO, General Counsel and Controller.
Provide regular and concise updates on existing and planned audits to Executive Management including the final results of completed audits.
Clearly communicate with the Audit Committee regarding the audit plan, audit progress, key findings, and emerging risks through formal presentations.
Communicate regularly with Executive Management and the Audit Committee on status of compliance and key internal control issues.
Develop / Prepare audit reports that effectively communicate results to all levels in the organization.