What are the responsibilities and job description for the Accounting Specialist position at Penske Vehicle Services?
Position: Accounting Specialist
Location: Troy, MI
Reports to: Controller
The Staff Accountant supports day-to-day accounting operations across multiple business locations. This role focuses on transactional accounting, financial reporting support, and internal reconciliations, ensuring accuracy and compliance with accounting standards and internal policies.
Essential Job Functions
- Maintain and update financial records, including accounts payable and receivable, payroll, and general ledger entries.
- Prepare and reconcile financial statements, bank statements, and other accounting reports to ensure accuracy and compliance with accounting standards.
- Process and reconcile employee expense reports in accordance with company policies.
- Perform inventory audits and compliance checks to ensure accuracy and proper controls.
- Support month-end close activities, including preparation of journal entries and account reconciliations.
- Analyze financial data to identify discrepancies, trends, and opportunities for process improvement.
- Ensure compliance with company policies, accounting regulations, and legal requirements while maintaining strict confidentiality of financial information.
- Assist in the development, maintenance and continuous improvement of accounting systems and processes.
- Utilize accounting systems and tools efficiently, including Microsoft Dynamics 365 (D365), as well as Microsoft Excel, Word and Power BI.
- Provide cross-functional support by serving as a backup for key financial processes, including ACH processing and cash management, as needed.
Requirements
- Bachelors degree in accounting or a related discipline required.
- Minimum of 2 years of accounting experience.
- Proficiency in accounting software required, including Microsoft Dynamics 365 (D365) or similar ERP systems.
- Strong administrative skills with the ability to multitask, prioritize, and organize work efficiently.
- Detail-oriented, collaborative, and self-driven.
- Exposure to artificial intelligence tools and automation is a plus.
- Strong written and verbal communication skills.
- Ability to handle confidential and sensitive information with discretion and sound judgment.
- Demonstrated ability to analyze issues objectively, communicate findings effectively, and uphold a high standard of integrity while building trust with team members and management.
- Proficiency in Microsoft Office applications (particularly Excel) and strong overall computer skills.