Vice President of Finance and Accounting (Penske Vehicle Services)

Company: Penske
Location: Warren
Posted on: November 1, 2024

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 About Penske Logistics Penske Logistics engineers state-of-the-art transportation, warehousing and freight management solutions that deliver powerful business results for market-leading companies. With operations in North America, South America, Europe and Asia, Penske and its associates help businesses move forward by increasing visibility and driving down supply-chain costs. Visit Penske Logistics to learn more. Job Category: Executive Job Family: Finance Address: 32600 Dequindre Road Primary Location: US-MI-Warren Employer: Penske Logistics LLC Req ID: 2414831 Date posted: 10/31/2024

Keywords: Penske, Detroit , Vice President of Finance and Accounting (Penske Vehicle Services), Accounting, Auditing , Warren, Michigan