Penske

Diversified transportation, logistics, and motorsports provider

Director Audit Services

Internal Audit & ControlsConfirmed live in the last 24 hours

Full-timeReading, PA, USANo salary listed

About the Job

Requirements

A bachelor's degree in Accounting, Finance, Business Administration, or a related field is required.
At least 15 years of progressive experience in internal audit, public accounting, or risk management is required.
At least 10 years of experience leading and developing audit teams in complex organizational environments is required.
Strong understanding of internal controls, Sarbanes-Oxley compliance, and audit methodologies is required.
Knowledge of U.S. generally accepted accounting principles, financial reporting, and regulatory expectations for public companies is required.
Ability to assess operational, financial, and information technology risks across global environments is required.
Excellent communication skills and the ability to present complex issues to senior executives and audit committees are required.
Regular, predictable, full attendance is an essential job function.
Willingness to travel as necessary, work the required schedule and at the specific required location, complete the Penske employment application, and submit to a background investigation and drug screening are required.
The associate must be able to read, communicate verbally and in writing, remember and analyze information, and understand instructions or guidelines.
The associate may be required to stand, walk, and sit; frequently use hands to touch, handle, and feel; reach with hands and arms; and occasionally lift or move up to 25 pounds (12 kilograms). The role requires close, distance, and peripheral vision, depth perception, and the ability to adjust focus.

Responsibilities

Lead the global internal audit function, providing independent assurance to executive leadership and the Audit Committee regarding internal controls, risk management, and governance processes across operations in North and South America and shared service centers in India and Mexico.
Oversee a risk-based internal audit program consistent with public company standards, including the voluntary Sarbanes-Oxley compliance program, coordination with external auditors supporting the annual financial statement audit, and support for Penske Logistics Transportation Management Services System and Organization Controls examinations.
Manage two Audit Managers and oversee a broader team of eleven indirect audit professionals and four shared-service-center professionals.
Support enterprise-wide risk assessment processes and deploy audit resources by matching team capabilities with engagement complexity while maintaining skill-development opportunities and coverage of the annual audit plan.
Provide consulting on internal control frameworks for management requests, system implementations, process redesigns, and strategic initiatives; conduct special requests, pre-implementation reviews, and control-design assessments.
Provide technical guidance across concurrent audit engagements and serve as an escalation point for complex accounting treatments, control deficiencies, and scope challenges; facilitate resolution of contentious findings with stakeholders.
Lead integrated audits across financial, operational, information technology, regulatory compliance, and strategic risk domains, including Sarbanes-Oxley compliance testing, operational efficiency reviews, information technology general controls and segregation-of-duties assessments, and regulatory examinations.
Turn audit findings into actionable executive-ready reports and presentations; guide teams in developing risk-rated recommendations aligned with business objectives; present findings, trends, and insights to process owners and senior management.
Enforce adherence to Institute of Internal Auditors standards, regulatory requirements, and organizational policies through quality reviews; review audit documentation for technical accuracy, evidence support, and compliance with professional standards.
Develop and lead a diverse team of U.S. and India professionals, ensuring consistent audit quality and reporting.
Work with senior leaders across finance, information technology, operations, and shared services to strengthen controls, improve business processes, and provide risk insights supporting growth and operational excellence.
Foster collaboration, accountability, and continuous improvement.
Identify opportunities to improve business processes, operational efficiency, and control effectiveness.
Complete other projects and tasks as assigned.

Desired Qualifications

An MBA is preferred.
One or more of the following certifications is preferred: Certified Fraud Examiner, Certified Internal Auditor, Certified Public Accountant, or Certified Information Systems Auditor.
Experience in a publicly traded Fortune 500 company or a top-ten accounting firm is strongly preferred.
Experience performing or supporting financial statement audits conducted by top-ten accounting firms is preferred.
Experience leading managers and overseeing global or distributed teams across multinational operations is preferred.

Position Summary:

The Director Audit Services leads the company’s global internal audit function, providing independent assurance to executive leadership and the Audit Committee regarding the effectiveness of internal controls, risk management, and governance processes across operations in North and South America and Genpact shared service centers in India and Mexico. The scope of Audit Services has recently been expanded to include audit engagements of related organizations: Team Penske Racing and the Indianapolis Motor Speedway. The role oversees a risk-based internal audit program consistent with public company standards, including management of the voluntary Sarbanes-Oxley (SOX) compliance program, coordination with external auditors supporting the annual financial statement audit, and support for the Penske Logistics Transportation Management Services SOC (System and Organization Controls) examinations.

Reporting to the Chief Audit Executive, the Director manages two Audit Managers and provides oversight for a broader team of eleven indirect audit professionals and four Genpact professionals. The position partners closely with finance, IT, and operational leaders to strengthen the control environment, address emerging risks, and provide strategic insights that enhance organizational performance and accountability.

Major Responsibility:

Audit Plan & Resource Management:

Support enterprise-wide risk assessment processes and strategically deploy audit resources by matching team capabilities (Managers, Seniors, Staff) with engagement complexity, ensuring optimal coverage of the annual audit plan while maintaining appropriate skill development opportunities.

Business Advisory Services:

Provide proactive consulting on internal control frameworks during management special requests, system implementations, process redesigns, and strategic initiatives. Conduct ad hoc special requests, pre-implementation reviews, control design assessments, etc. to prevent deficiencies, demonstrating audit's value as trusted business partner.

Engagement Oversight & Issue Resolution:

Provide real-time technical guidance across concurrent audit engagements, serving as escalation point for complex accounting treatments, control deficiencies, and scope challenges. Facilitate resolution of contentious findings through stakeholder collaboration and technical expertise.

Audit Execution Across Disciplines:

Lead integrated audit approaches encompassing financial, operational, IT, regulatory compliance, and strategic risk domains. Champion specialized audit methodologies including SOX compliance testing, operational efficiency reviews, ITGC & Access SOD assessments, regulatory examinations, etc.

Reporting & Executive Communication:

Transform audit findings into actionable, executive-ready reports and presentations. Guide teams in developing risk-rated recommendations aligned with business objectives. Present findings, trends, and insights to business process owner management and /or senior management ensuring appropriate risk transparency and strategic value.

Quality Assurance & Technical Standards:

Enforce adherence to IIA Standards, regulatory requirements, and organizational policies through comprehensive quality review processes. Conduct multi-level reviews of audit documentation, ensuring technical accuracy, appropriate evidence support, and compliance with professional standards. Other projects and tasks as assigned.

Qualifications:

• Bachelor’s Degree required in Accounting, Finance, Business Administration, or related fields.

• MBA preferred.

• One or more of the following preferred:

o CFE (Certified Fraud Examiner)

o CIA (Certified Internal Auditor)

o CPA (Certified Public Accountant)

o CISA (Certified Information Systems Auditor)

• Minimum 15 + years of progressive experience in internal audit, public accounting, or risk management. Experience in a publicly traded Fortune-500 company and /or Top Ten accounting firm strongly preferred. Experience performing and / or supporting financial statement audits performed by Top Ten firms. Experience leading managers, and overseeing global and /or distributed teams across multinational operations

• Minimum 10 + years of proven ability to lead and develop audit teams in complex organizational environments. Experience managing and supporting SOX compliance programs, SOC audits, control environment assessments, management special project requests, etc.

• Strong understanding of internal controls, SOX compliance, and audit methodologies.

• Knowledge of US GAAP, financial reporting, and regulatory expectations for public companies.

• Strategic mindset with strong analytical and problem-solving capabilities.

• Develop and lead a diverse team of U.S. and India professionals, ensuring consistent audit quality and reporting.

• Works with senior leaders across finance, IT, operations, and shared services to strengthen internal controls, enhance business processes, and provide risk insights that support the organization’s growth and operational excellence.

• Delivers independent assurance to executive leadership (and CAE who reports to the Audit Committee) on the effectiveness of internal controls, risk management, and governance processes.

• Foster a culture of collaboration, accountability, and continuous improvement

• Identify opportunities to improve business processes, operational efficiency, and control effectiveness.

• Excellent communication skills with 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, 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.

Physical Requirements:

• The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.

• While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.

• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Penske is an Equal Opportunity Employer

About the Company

Penske

Diversified transportation, logistics, and motorsports provider

Penske provides a range of transportation services, including retail automotive sales and service, truck leasing and rental, and logistics solutions, plus professional motorsports activities. Its offerings work through distinct units: Penske Automotive Group sells and services vehicles, Penske Truck Leasing rents and maintains trucks with fleet management, and Penske Logistics handles end-to-end supply chain services. The company differentiates itself by operating multiple transportation and entertainment businesses under one private global umbrella, enabling cross-sell opportunities and large-scale coordination. Its goal is to deliver reliable, end-to-end transportation and logistics solutions for individuals and businesses worldwide while growing its diversified portfolio and leveraging scale.

Company size: 501-1,000
Company stage: Not listed
Total funding: Not listed
Headquarters: Bellflower, CA
Founded: 1969

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