Job Description
. 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. Role Responibilities: ▪ 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 • 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 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 ▪ 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