Volkswagen Financial Services | U.S. · 2 months ago
Underwriting & Actuarial Lead
Reston, VA
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expVolkswagen Financial Services is a wholly-owned subsidiary of Volkswagen Group, specializing in providing accessible mobility solutions for its brand partners. The Underwriting & Actuarial Lead plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling, while leading a team of underwriters and analysts in a dynamic environment.
Asset ManagementFinancial ServicesProperty Management
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
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 in establishing 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 data warehouse for Insurance products and perform analysis on upcoming issues/trends
Providing all actuarial inputs for income recognition for actual and forecast models
Regular updates on Loss curves vs. priced. Perform comparison of actual to priced loss ratios
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
Required
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
Minimal travel – 5%
Flexibility to work remotely on as-needed basis
Bachelor's Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research
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
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 the 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
Preferred
Desired: 3 years working in Auto Insurance Industry with knowledge of Auto Insurance products
Master's Degree in related field
Professional certifications such as CPCU, FCAS, or ASA
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
Company
Volkswagen Financial Services | U.S.
Volkswagen Financial Services U.S. (VWFS) is an automotive financial services company and wholly owned subsidiary of Volkswagen Group of America.
501-1000 employees
H1B Sponsorship
Volkswagen Financial Services | U.S. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (5)
2024 (6)
2023 (4)
2022 (9)
2021 (11)
2020 (4)
Funding
Current Stage
Late StageLeadership Team
Tina Unterlaender
Sr. Director Product Management and Innovation at Volkswagen Group - VW Credit, Inc.
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