Vice President of Finance and Accounting (Penske Vehicle Services)
Company: Penske
Location: Warren
Posted on: September 24, 2024
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Job Description:
Penske Vehicle Services (PVS) is a privately held company that
is part of the broader Penske owned family of businesses. PVS
specializes in supplying light industrial services to automobile
OEMs and tier-one suppliers. These services include the specialized
provision of liquid paint & paint film application and
mechanical/assembly expertise through its small volume, scalable
production facilities located in 3 states. PVS employs nearly 500
employees with its headquarters located in Troy, MI. Over 65% of
its associates are employed as skilled mechanical and paint
technicians. PVS provides its services to leading automotive
companies in the USA and Canada. To learn more about the company,
please visit: www.penskevehicleservices.com. Position Summary PVS
is actively recruiting for a VP of Finance and Accounting to lead
its staff of accounting professionals. This position is a key PVS
executive leadership team member and a business partner to the
operations team. The VP of Finance and Accounting is responsible
for the planning and executing the business's strategy including
all aspects of external and internal financial reporting, ERP
systems and financial process flows, budgeting and forecasting, tax
and regulatory compliance, risk and insurance, and accounting
operations. Qualified candidates for this role will have at least
10 years of progressive accounting experience including leading a
team, strong knowledge of ERP systems, and strong communication
presenting to officer-level leadership. Optimally preferred
candidates will have a CPA, experience with business intelligence
tools, and experience with job cost and project accounting. This
position will be based in the Troy, MI office five days per week.
Responsibilities • Strategic: Provide direction on external and
internal reporting, ERP technology and process flows, budgeting and
forecasting, risk and insurance strategy, and accounting operations
designed to drive business results. • External Reporting: Report
financials monthly according to generally accepted accounting
principles (GAAP) to the PVS shareholders. Work with internal
stakeholders to streamline processes to ensure proper accuracy and
timing of reporting requirements. • Internal Reporting: Advise and
implement financial metrics and analytics to be used by the
Management Team to monitor and assess business performance on a
real-time basis continuously. Provide direction and implementation
on the use of technology, including the use of Power BI. • ERP
Systems and Process Flows: PVS uses Microsoft D365 as its ERP
system. Provide direction on configuration and use to maximize
efficiencies. Work with all departments on improving process flows
to ensure accuracy and timely visibility of data. • Budgeting: With
other key members of senior management, present the annual budget
to the shareholders. Provide direction internally on the
information and timing required to complete the budget, with timely
completion according to shareholder requirements. • Forecasting:
Provide ongoing forecasts internally to the senior management team
and externally to the shareholders. • Tax and Regulatory
Compliance: Work with external CPA firms to complete Federal,
State, and Local tax returns in the USA and Canada. Ensure
compliance with sales and use tax laws. Complete state annual
reports timely. Work with any tax or regulatory agency performing
audits. • Risk and Insurance: Work with the shareholder's insurance
department and 3 rd party vendor, provide information and relevant
business details to allow proper insurance coverage. • 401(k)
Benefit Plan: As trustee of the plan ensure compliance with
regulatory requirements and issue annual tax returns and financial
reports. • Accounting Operations: Develop and maintain internal
controls to safeguard the organization's financial assets. Work
with the accounting team and other departments to ensure the
accuracy and reconciliation of all general ledger accounts.
Maintain optimal cash flow. Provide leadership with other
departments on process flows and use of technology to improve
effectiveness and efficiencies. • People Management: Hire, coach,
develop, lead, and manage accounting department personnel. • Change
Management: Drive organizational change according to the company's
accounting and technology strategy. Ensure execution of that
strategy through the management teams. Remove barriers to VP
Finance and Accountings' focus, goals, and objectives, and help
accounting personnel to prioritize. • New Business: Manage new
business due diligence and ensure start-ups have adequate
accounting systems ready for business by the go-live date.
Qualifications • CPA preferred with 10+ years of accounting
experience with an exceptional track record in managing a team of
accounting professionals, using judgment to prioritize and complete
tasks/projects on time and at a high standard. • Bachelor's degree
required. • Exceptional communication and influencing skills. Must
possess the confidence, experience, and ability to communicate
effectively with the President of business and to actively
contribute to company leadership strategy discussions. • Strong
knowledge and experience of ERP systems: Knowledge of Microsoft
Office 365 and Power BI preferred but not necessary. • Strong
knowledge and experience of accounting functions: GAAP, internal
process flow improvement, budgeting and forecasting, tax and
regulatory compliance, and risk and insurance. • Strong Emotional
Intelligence (EQ). • Demonstrated ability to drive and maintain
accountability for results. • Experience with job cost and project
accounting preferred but not necessary. • Ability to work well
independently and as a team member, hand les pressure, and is
self-driven with a sense of urgency. • Strong analytical skills
with the motivation and ability to develop operational financial
data/metrics and reports for analyses and use by the executive
leadership team. • Ability to travel 5%. • 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; and 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 Vehicle Services is a
wholly owned subsidiary of Penske Truck Leasing Co., LP., a leading
global transportation services provider. Today, Penske Vehicle
Services employs more than 475 people and operates from over 12
locations across the United States and Canada. Penske Vehicle
Services has numerous locations throughout North America as well as
team members embedded in our client operations. This combined with
the broader Penske organization footprint offers considerable
synergistic opportunities and an unparalleled depth of asset
management experience. Penske is an Equal Opportunity Employer Job
Category: Executive Job Family: Finance Address: 32600 Dequindre
Road Primary Location: US-MI-Warren Employer: Penske Logistics LLC
Req ID: 2412340 Date posted: 09/23/2024
Keywords: Penske, Warren , Vice President of Finance and Accounting (Penske Vehicle Services), Accounting, Auditing , Warren, Michigan
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