Volkswagen of America, Inc · 23 hours ago
Underwriting & Actuarial Lead
Reston, VA
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expVolkswagen Financial Services is a subsidiary of Volkswagen Group, dedicated to providing mobility solutions for its brand partners. The Underwriting & Actuarial Lead will shape the insurance portfolio through risk assessment, pricing strategy, and financial modeling while leading a team of underwriters and analysts.
AutomotiveCommercialManufacturing
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
At least 5 years working as an actuary in the Insurance industry and having an ACAS designation
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
Preferred
Strong background in insurance underwriting and actuarial science preferred
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 of America, Inc
Founded in 1955, Volkswagen of America, Inc., an operating unit of Volkswagen Group of America, Inc. (VWoA) is headquartered in Reston, Virginia.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Michael Khayan
Chief Of Staff to the CFO
Cameron Batten
Senior Vice President, Chief Communications Officer
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