Corporate Accountant

POSITION TITLE: Corporate Accountant

DEPARTMENT: Finance

REPORTS TO: Senior Manager, Finance and Accounting (INDYCAR/IMS Productions)

POSITION LOCATION:  Indianapolis, IN

FLSA STATUS: Exempt

WORKER CATEGORY: Full-Time

COMPANY SUMMARY:

Penske Entertainment is a leading provider of world-class sports and entertainment. The organization consists of three prominent entities:

• Indianapolis Motor Speedway is the world’s largest spectator sporting facility and annually hosts the world’s most prestigious auto race: the Indianapolis 500 presented by Gainbridge.
• INDYCAR is the Indianapolis-based governing body for North America's premier open-wheel auto racing series, the NTT INDYCAR SERIES, and its developmental series, INDY NXT by Firestone.
• IMS Productions is a multifaceted broadcast and multimedia division that helps bring INDYCAR and IMS events to life for global audiences.

The Penske Entertainment experience is fast-paced, diverse and impactful. Through its business units, the organization reaches audiences on an international scale, focused on delivering exceptional experience from start to finish.  Employees of Penske Entertainment are challenged daily in a demanding, yet rewarding environment that is best suited for dedicated professionals who want to reach their ultimate potential amid the excitement, tradition, and pageantry of the World’s Greatest Race Course and the premier open-wheel racing series.

POSITION SUMMARY:

The Corporate Accountant provides support to the business unit to fulfill its accounting, invoicing, purchasing, and budgeting needs. The individual will also be required to assist with management reporting, financial planning and value creation. Attention to detail and superior organizational skills are essential. This role will focus on fulfilling these duties specifically for INDYCAR and IMS Productions.

SPECIFIC DUTIES:

Accounting and Month End Close Responsibilities:

• Assist in the preparation of monthly financial statements
• Identify and prepare accounting entries, including expense accruals and adjustments to accurately report monthly results
• Create invoices for internal and external billing, and monitor accounts receivable and related collections 
• Perform AP functions – create, approve, and match purchase orders; review, code, and delegate AP invoices; review, code and approve employee expense reports; research discrepancies; prepare reports
• Review work of Travel Coordinator including expense report approvals, hotel, and ground transportation folios, ensuring accuracy and appropriate documentation
• Maintain fixed asset listing and oversee the capital expenditure approval process
• Prepare monthly account reconciliations
• Assist with preparation and processing of seasonal payroll

Management Reporting:

• Assist with creation of monthly reporting packets
• Review detailed financials monthly and prepare variance analysis.  Meet with department leaders to review and document causes of variances
• Maintain accurate analysis and records of special projects and race event details beyond what is available in accounting systems to deliver periodic updates to management

Planning and Forecasting:

• Assist with the financial planning process, including the preparation and submission of operating and capital budgets
• Maintain continuous forecasting based on changing assumptions throughout fiscal year

QUALIFICATIONS:

Education

• Bachelor’s Degree in Accounting required

Skills/Experience

• Minimum one to two years relevant accounting experience
• Innovative thinker and self-starter
• Excellent organizational skills
• Ability to prioritize and follow up on tasks and perform multiple responsibilities efficiently and accurately at the same time
• Experience with financial and management reporting
• Strong analytical skills with keen attention to detail
• Excellent interpersonal and communication skills
• Advanced skills in Excel, PowerPoint; experience with Microsoft Dynamics GP and Adaptive a plus
• High integrity and confidentiality
• Commitment to working with people from diverse backgrounds and commitment to cultural competency.
• Ability to uphold and consistently demonstrate the Penske Entertainment Standards.

Travel/Work Hours/Flexibility

• General office hours are Monday – Friday, 8:30am – 5:00pm
• While not typical, longer hours and weekends are required for the Month of May and other major racing events/seasonal needs
• Little to no requirements for travel
• Penske Entertainment acknowledges that the need for flexibility varies across all companies/departments and is not best addressed by a one size fits all flexible work policy. As such, the company encourages supervisors to work with their employees to leverage flexibility as needed to support a healthy balance

PHYSICAL DEMANDS: 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• Physical demands are light, consisting primarily of sitting, standing, and walking.

• Ability to occasionally lift and/or move up to 25 pounds.

• Must be able to see and hear in the normal range with or without correction and communicate verbally and in written form with great facility and must be able to be understood.

WORK ENVIRONMENT: 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Work is primarily performed in an office environment.
• Employee must meet with others on a regular basis.

COMPANY BENEFITS:

Full-time employees enjoy a very competitive benefit package. Benefits include: Medical (including tax-advantaged Health Savings Account), Dental, Vision, 401(k) with 100% company match up to 5%, Paid Vacation, Personal & Sick Days, 12 Paid Holidays, Company Paid Life Insurance, Pet Insurance, Tuition Assistance, Short-Term & Long-Term Disability, Generous Paid Parental Leave, On-site Workout Facility, and more.

EQUAL OPPORTUNITY EMPLOYER:

Penske Entertainment provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, genetic information, amnesty, or status as a covered veteran in accordance with applicable federal, state, and local laws. The Company complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities and/or events.