Financial Planning Specialist - US

Volkswagen Group; Reston (VA); Hybrid; USD 110,000 - 160,000; Full time

Job summary

Volkswagen Financial Services in Reston, VA is seeking a Financial Planning & Reporting Specialist to build and maintain financial models that report actuals and forecast the P&L, Balance Sheet and Cash Flow for the VWFSPS insurance company.

The role will oversee multi-year projections and report to HQ through proprietary software, while collaborating across the organization to define KPIs and monitor performance against financial objectives.

Qualifications

• 5-10 years of finance and accounting experience focusing on financial analysis, financial modelling, Insurance products.
• Automotive F&I experience preferred.

Responsibilities

• Forecast VWFS Protection Services P&L, Balance Sheet and Cash Flow; multi-year planning under IFRS.
• Build and maintain a financial planning tool for VWFS entities (P&L, balance sheet, cash flow).
• Identify monthly trends with data analysis and share insights with actions.
• Prepare monthly, annual, and 5-year plans for VWFS Protection Services and the VCI ancillary business.
• Develop senior management presentations and perform ad hoc analyses as required.

Skills

Leadership

Analytical thinking

Communication

Time management

Cross-functional collaboration

Education

Bachelor’s degree in Finance / Accounting

Master’s Degree in Finance / Accounting

Tools

Excel

PowerPoint

Tableau

Job description

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 based in Reston, VA with a Role Classification of Hybrid.

Role Summary

The Financial Planning & Reporting Specialist will build and maintain financial models that report actuals & forecast the P&L, Balance Sheet and Cash Flow statement for the VWFSPS insurance company. They will be solely responsible for building month, yearly and 5 year financial performance projections.

The Specialist will also be responsible for reporting all figures up to internal management and our global headquarters through proprietary reporting software.

They will work cross-functionally across the organization in order to define and monitor KPIs to measure performance against volume and financial objectives, recognizing risks and opportunities in a timely manner and suggesting alternative actions to accomplish the objectives.

Responsibilities within this Role

• Work closely with the Sr. Director of Controlling, VWFSPS Insurance Team, Treasurer, SVP Finance, CFO and accounting/controlling functions in order to forecast VWFS Protection Services P&L, Balance Sheet and Cash Flow Statement.
• Build and maintain a multi-year financial planning tool for all VWFS entities (P&L, balance sheet, cash flow), under IFRS standards. This includes different aspects of the business model (dealer reinsurance, direct underwriting, reinsurance / fronting arrangements)
• Responsible for financial modeling and data analysis to identify monthly trends (and develop mitigation plans as necessary), ensure objectives accomplishment, and share strategic business insights.
• Prepare the monthly, annual, and 5 year plan for VWFS Protection Services business and the VCI ancillary business.
• Complete and analyze specialized reporting documents required from HQ & VWFSPS Management
• Run periodic product profitability and production analysis
• Develop senior management presentations.
• Complete ad hoc analyses and reporting as required.

Qualification requirements

Experience

• 5-10 years of finance and accounting experience focusing on: financial analysis, financial modelling, Insurance products
• Automotive F&I experience preferred

Required Education

Bachelor’s degree in Finance / Accounting

Desired Education

Master’s Degree in Finance / Accounting

General Skills Needed

• Strong leadership qualities and excellent interpersonal skills (both written and oral)
• Analytical and conceptual thinker who continuously seeks to improve
• Communication/Presentation skills – succinctly and effectively communicate complex data and concepts to high-level audiences including the CEO/CFO
• Capability to work against tight deadlines while maintaining quality accuracy
• Ability to develop effective partnerships with all partners and stakeholders
• Ability to coach peers pertaining to insurance and consumer financial products

Required Specialized Skills

• 3-5 years of experience with insurance products, dealer reinsurance programs and dealer services
• Ability to build and maintain a financial model that forecast the P&L, Balance Sheet and Cash Flow statement of a financial services insurance company
• Experience with business reporting software to align with corporate goals and objectives
• Expert skills in Excel, PowerPoint

Desired Specialized Skills

• Experience within an automotive financial services company
• Advanced knowledge of the US insurance business and/or F&I products
• Understanding of multi-entity environment within the extended warranty sector (OEM/Obligor/Captive Insurance structures)
• Expert skills in Tableau, Business Objects, experience with VW Group financial reporting tools (CMIS, Vokus)

Work Flexibility

Reston Office, VA – 0% 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.