Insurance Business Analysis Specialist
Insurance Business Analysis Specialist
Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their Dealers, specializing in providing accessible mobility solutions for its Customers. The company’s offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition.
Brief Role Description
This position is Career Level 19P located in Reston, VA, with a Role Classification of Hybrid.
Role Summary
The Insurance Business Analysis Specialist will work cross-functionally across the organization in order to define and monitor KPIs to measure VWFS Protection Services performance against its volume and financial objectives for its Ancillary Product programs.
To do so, the Specialist will research, analyze data, build and maintain sales data models, forecasting and planning tools, and prepare reports to deliver insight and make recommendations in the areas of insurance, reinsurance and dealer service programs.
Role Responsibilities within this Role
Main responsibility – 40% of time spent
Planning and forecasting: conduct monthly sales closes based on vehicle and contract sales, forecast annual and multi-year sales and contract penetration development. Work closely with Controlling functions to establish joint financial forecasting.
Analyze actuals vs. plan, analyze root causes and deliver strategic recommendations.
Support the preparation of annual budgets in collaboration with Controlling functions.
Additional responsibilities – 35% of time
Data Management: ensure efficient data management, including quality audits and vendor oversight related to delivery of all transactional data. Act as the Subject Matter Expert, actively sharing insights company-wide, and responding to data-related questions. Manage to a clear separation of transactionally required data changes vs pure data quality.
Additional responsibilities – 25% of time
Portfolio Analytics: act as the Subject Matter Expert for contract portfolio analysis (sales mix, pricing elasticities, dealer-specific trends and analysis, transactional statistics (cancellations, run-off, transfers etc.), regional, national, brand-specific or aggregate.
Qualification requirements
5+ years of Automotive Financial Services and/or Insurance (P&C)
Required Education:
- Bachelor’s degree in finance, Marketing or another Business-related field.
- High School diploma with a Minimum of 10 yrs relevant insurance experience - if no bachelor’s degree.
Desired Education:
MBA, Finance / Controlling Certifications
General Skills:
- Analytical thinking
- Data expertise and numerical precision
- Strong communication skills
- Strong negotiation skills
- Ability to ensure detailed accuracy in the broader strategical context
Required Skills:
- Deep understanding of Automotive F&I Sales KPI
- Deep understanding of Automotive P&L, Balance Sheet and Cashflow
- Experience in Financial Services business modelling / Sales and P&L forecasting
- Strong presentation skills, aggregating accurate plans into strategic recommendations
- Expert skills in MS Office suite
Desired Skills:
- Knowledge of automotive F&I products including service contracts, GAP insurance, vehicle protection products.
- Advanced skills in Tableau, Business Objects, Power BI
Work Flexibility:
5-10% Travel
Volkswagen Financial Services is an Equal Opportunity Employer. We welcome and encourage applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected by applicable laws.
This role description is a guideline and does not create contractual rights between the Company and any of its applicants. The Company does not enter into any type of employment contract, implied or written, with its applicants regarding job security.
This Organization participates in E-Verify. We maintain a drug free workplace and perform pre-employment substance abuse testing.
Reston, VA, US, 20190
Insurance Business Analysis Specialist
Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their Dealers, specializing in providing accessible mobility solutions for its Customers. The company’s offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition.
Brief Role Description
This position is Career Level 19P located in Reston, VA, with a Role Classification of Hybrid.
Role Summary
The Insurance Business Analysis Specialist will work cross-functionally across the organization in order to define and monitor KPIs to measure VWFS Protection Services performance against its volume and financial objectives for its Ancillary Product programs.
To do so, the Specialist will research, analyze data, build and maintain sales data models, forecasting and planning tools, and prepare reports to deliver insight and make recommendations in the areas of insurance, reinsurance and dealer service programs.
Role Responsibilities within this Role
Main responsibility – 40% of time spent
Planning and forecasting: conduct monthly sales closes based on vehicle and contract sales, forecast annual and multi-year sales and contract penetration development. Work closely with Controlling functions to establish joint financial forecasting.
Analyze actuals vs. plan, analyze root causes and deliver strategic recommendations.
Support the preparation of annual budgets in collaboration with Controlling functions.
Additional responsibilities – 35% of time
Data Management: ensure efficient data management, including quality audits and vendor oversight related to delivery of all transactional data. Act as the Subject Matter Expert, actively sharing insights company-wide, and responding to data-related questions. Manage to a clear separation of transactionally required data changes vs pure data quality.
Additional responsibilities – 25% of time
Portfolio Analytics: act as the Subject Matter Expert for contract portfolio analysis (sales mix, pricing elasticities, dealer-specific trends and analysis, transactional statistics (cancellations, run-off, transfers etc.), regional, national, brand-specific or aggregate.
Qualification requirements
5+ years of Automotive Financial Services and/or Insurance (P&C)
Required Education:
- Bachelor’s degree in finance, Marketing or another Business-related field.
- High School diploma with a Minimum of 10 yrs relevant insurance experience - if no bachelor’s degree.
Desired Education:
MBA, Finance / Controlling Certifications
General Skills:
- Analytical thinking
- Data expertise and numerical precision
- Strong communication skills
- Strong negotiation skills
- Ability to ensure detailed accuracy in the broader strategical context
Required Skills:
- Deep understanding of Automotive F&I Sales KPI
- Deep understanding of Automotive P&L, Balance Sheet and Cashflow
- Experience in Financial Services business modelling / Sales and P&L forecasting
- Strong presentation skills, aggregating accurate plans into strategic recommendations
- Expert skills in MS Office suite
Desired Skills:
- Knowledge of automotive F&I products including service contracts, GAP insurance, vehicle protection products.
- Advanced skills in Tableau, Business Objects, Power BI
Work Flexibility:
5-10% Travel
Volkswagen Financial Services is an Equal Opportunity Employer. We welcome and encourage applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected by applicable laws.
This role description is a guideline and does not create contractual rights between the Company and any of its applicants. The Company does not enter into any type of employment contract, implied or written, with its applicants regarding job security.
This Organization participates in E-Verify. We maintain a drug free workplace and perform pre-employment substance abuse testing.
Reston, VA, US, 20190
Nearest Major Market: Washington DC