Volkswagen Group Services GmbH
Underwriting & Actuarial Lead
Volkswagen Group Services GmbH, Reston, Virginia, United States, 22090
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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 20P+ , located in Reston, VA, with a Role Classification of
Hybrid .
Role Summary The Underwriting & Actuarial Manager plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands‑on underwriting leadership to ensure sound decision‑making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross‑functional teams in a dynamic environment.
Role Responsibilities
Evaluate complex insurance applications to determine risk levels and coverage eligibility.
Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.
Review and approve high‑value or non‑standard policies, often requiring nuanced judgment and negotiation.
Collaborate with brokers, agents, and clients to clarify application details and negotiate terms.
Ensure regulatory compliance with insurance laws and internal standards.
Actuarial & Analytical Duties (40%):
Support the implementation of IFRS 17 for the insurance products.
Understand and provide effective challenge on pricing and reserve calculation for auto insurance products.
Collaborate with the Risk Management Planning and Reporting Group, Accounting, and senior management to establish adequate loss provisions for insurance products.
Engage with CFO, VP of Finance and Chief Risk Officer, Accounting, Risk Management, Brand executives and external auditors to gain acceptance on the loss and reserve forecasts. Provide technical and operational support to auditors to ensure successful audit close.
Be able to extract data from the data warehouse for insurance products and perform analysis on upcoming issues/trends.
Provide all actuarial inputs for income recognition for actual and forecast models.
Provide regular updates on loss curves vs. priced. Perform comparison of actual to priced loss ratios.
Leadership & Strategic Oversight (20%):
Lead and mentor a team of underwriters and analysts, providing training and performance feedback.
Set strategic direction for underwriting and risk management aligned with company goals.
Implement process improvements to enhance efficiency, accuracy, and turnaround times.
Qualification Requirements
10+ years minimum, strong background in insurance underwriting and actuarial science preferred.
At least 5 years working as an actuary in the insurance industry and having an ACAS designation.
Desired: 3 years working in the auto insurance industry with knowledge of auto insurance products.
Minimal travel – 5%.
Flexibility to work remotely on an as‑needed basis.
Required Education:
Master’s Degree in a related field.
Professional certifications such as CPCU, FCAS, or ASA.
Required Skills
Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling.
Proficiency in data analysis tools, underwriting software, and statistical packages.
Develop indications and communicate them to actuarial management and senior leadership.
Work collaboratively as a part of the broader pricing and/or reserving process.
Develop and communicate business analytics to senior leadership.
Foster innovation within the team and across the broader organization.
Desired Skills
Ability to build models using open‑source software (e.g. R, Python), experience in distributed statistical computing preferred.
Personal or commercial auto insurance experience.
Excellent Excel skills and strong with SQL.
Experience mentoring and/or directing junior team members.
Additional Skills
Lead and direct the work of others.
Ability to conduct large‑scale projects and research through all stages: concept formulation, definition of metrics, determination of appropriate methodology, research evaluation and final research report.
Specialized ability to communicate highly technical subjects to senior executives and others who have limited background in mathematics or statistics.
Analytical and conceptual thinking – ability to understand business problems and develop data‑driven solutions.
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.
Job ID: 19231
Company: VW Credit, Inc.
Location: Reston, VA, US, 20190
Department: Financial Services and Insurances
Working Model: Full‑time
Contract Type: Unlimited
Remote Working: According to company policy
Volkswagen Financial Services – The Key to Mobility VW Credit, Inc., dba Volkswagen Financial Services (VWFS), was founded in 1981 as the captive financial services arm of Volkswagen Group of America, Inc. and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati North America, Inc. VWFS offers services to Volkswagen, Audi, Ducati customers, and authorized dealers as Volkswagen Financial Services, Volkswagen Credit, Audi Financial Services, and Ducati Financial Services. The company offers competitive financial products and services to customers and authorized dealers in the United States and is headquartered in Reston, VA.
VWFS seeks individuals from diverse professional backgrounds who can bring fresh perspectives and ideas to help drive forward in the ever‑evolving financial and mobility services industry. As we continue to grow, we welcome talent from a variety of professional backgrounds to join our team. We believe in the power of diversity and inclusion, as it fuels creativity, fosters innovation, and strengthens our ability to serve our customers better. Are you a forward‑thinker, a problem‑solver, or an innovator? This is an opportunity to be part of a dynamic team that values diversity, creativity, and collaboration.
#J-18808-Ljbffr
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 20P+ , located in Reston, VA, with a Role Classification of
Hybrid .
Role Summary The Underwriting & Actuarial Manager plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands‑on underwriting leadership to ensure sound decision‑making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross‑functional teams in a dynamic environment.
Role Responsibilities
Evaluate complex insurance applications to determine risk levels and coverage eligibility.
Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.
Review and approve high‑value or non‑standard policies, often requiring nuanced judgment and negotiation.
Collaborate with brokers, agents, and clients to clarify application details and negotiate terms.
Ensure regulatory compliance with insurance laws and internal standards.
Actuarial & Analytical Duties (40%):
Support the implementation of IFRS 17 for the insurance products.
Understand and provide effective challenge on pricing and reserve calculation for auto insurance products.
Collaborate with the Risk Management Planning and Reporting Group, Accounting, and senior management to establish adequate loss provisions for insurance products.
Engage with CFO, VP of Finance and Chief Risk Officer, Accounting, Risk Management, Brand executives and external auditors to gain acceptance on the loss and reserve forecasts. Provide technical and operational support to auditors to ensure successful audit close.
Be able to extract data from the data warehouse for insurance products and perform analysis on upcoming issues/trends.
Provide all actuarial inputs for income recognition for actual and forecast models.
Provide regular updates on loss curves vs. priced. Perform comparison of actual to priced loss ratios.
Leadership & Strategic Oversight (20%):
Lead and mentor a team of underwriters and analysts, providing training and performance feedback.
Set strategic direction for underwriting and risk management aligned with company goals.
Implement process improvements to enhance efficiency, accuracy, and turnaround times.
Qualification Requirements
10+ years minimum, strong background in insurance underwriting and actuarial science preferred.
At least 5 years working as an actuary in the insurance industry and having an ACAS designation.
Desired: 3 years working in the auto insurance industry with knowledge of auto insurance products.
Minimal travel – 5%.
Flexibility to work remotely on an as‑needed basis.
Required Education:
Master’s Degree in a related field.
Professional certifications such as CPCU, FCAS, or ASA.
Required Skills
Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling.
Proficiency in data analysis tools, underwriting software, and statistical packages.
Develop indications and communicate them to actuarial management and senior leadership.
Work collaboratively as a part of the broader pricing and/or reserving process.
Develop and communicate business analytics to senior leadership.
Foster innovation within the team and across the broader organization.
Desired Skills
Ability to build models using open‑source software (e.g. R, Python), experience in distributed statistical computing preferred.
Personal or commercial auto insurance experience.
Excellent Excel skills and strong with SQL.
Experience mentoring and/or directing junior team members.
Additional Skills
Lead and direct the work of others.
Ability to conduct large‑scale projects and research through all stages: concept formulation, definition of metrics, determination of appropriate methodology, research evaluation and final research report.
Specialized ability to communicate highly technical subjects to senior executives and others who have limited background in mathematics or statistics.
Analytical and conceptual thinking – ability to understand business problems and develop data‑driven solutions.
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.
Job ID: 19231
Company: VW Credit, Inc.
Location: Reston, VA, US, 20190
Department: Financial Services and Insurances
Working Model: Full‑time
Contract Type: Unlimited
Remote Working: According to company policy
Volkswagen Financial Services – The Key to Mobility VW Credit, Inc., dba Volkswagen Financial Services (VWFS), was founded in 1981 as the captive financial services arm of Volkswagen Group of America, Inc. and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati North America, Inc. VWFS offers services to Volkswagen, Audi, Ducati customers, and authorized dealers as Volkswagen Financial Services, Volkswagen Credit, Audi Financial Services, and Ducati Financial Services. The company offers competitive financial products and services to customers and authorized dealers in the United States and is headquartered in Reston, VA.
VWFS seeks individuals from diverse professional backgrounds who can bring fresh perspectives and ideas to help drive forward in the ever‑evolving financial and mobility services industry. As we continue to grow, we welcome talent from a variety of professional backgrounds to join our team. We believe in the power of diversity and inclusion, as it fuels creativity, fosters innovation, and strengthens our ability to serve our customers better. Are you a forward‑thinker, a problem‑solver, or an innovator? This is an opportunity to be part of a dynamic team that values diversity, creativity, and collaboration.
#J-18808-Ljbffr