Vice President - Internal Audit

POSITION SUMMARY: 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. Qualified candidates for this role will hold a CPA, must have 10 years of public and internal audit experience at large organizations, must have at least 5 years of experience leading teams of direct and indirect reports. Individuals must also have demonstrated experience with executive level communication as this role has high visibility with our President, CEO, CFO, and other partners. This position will be based at Penske's corporate office located in Berks County, PA - 75 minutes northwest of Philadelphia. MAJOR RESPONSIBILITIES: Internal Audit: • 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 Internal Controls: • 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. Talent Development: • 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. Executive Communications & Stakeholder Engagement Leader • 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.