Director - Audit Services

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 Penske Truck Leasing/Transportation Solutions

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.

Job Category: Executive

Job Family: Finance

Address: 100 Gundy Drive

Primary Location: US-PA-Reading

Employer: Penske Truck Leasing Co., L.P.

Req ID: 2611405