Join to apply for the Dir, NAR Insurance Finance role at Volkswagen Financial Services | U.S.
Brief Role Description
Career Level 31L, located in Reston, VA, with a Role Classification of Hybrid.
Role Summary
The Head of NAR Insurance Finance is accountable for the overall financial performance and strategy for VWFS insurance in the North America Region (US & CAN). This role leads financial operations, including insurance P&L ownership, pricing oversight, risk governance, and IFRS 17 compliance. As a member of the board of VW Protection Services and Bettle BC Holding & chairman of the Pricing Committee, the Head of NAR Insurance drives decisions on pricing, risk, and profitability. The Head of NAR insurance is also responsible for managing the insurance accounting function and the relationship with the shared accounting service from VWFS US for overall accounting.
Responsibilities
- Member of the board of VW Protection Services and Bettle BC Holdings, providing financial insight and strategic counsel; take ownership of the insurance P&L, driving profitability through proactive pricing, claims monitoring, reserves steering, and capital oversight.
- Lead the finance, insurance accounting, controlling, and pricing functions; build a high‑performing, financially disciplined team.
- Develop and lead the financial strategy for insurance, ensuring long‑term profitability, resilience, and regulatory compliance.
- Lead pricing decisions and oversee risk‑based pricing strategies in alignment with actuarial and business targets.
- Oversee financial risk models, monitor historical portfolio performance, and lead claims forecasting; proactively adjust and steer performance trends.
- Ensure full compliance with IFRS 17 and other regulations, driving accurate and transparent financial reporting.
- Oversee planning, budgeting, and reporting cycles; deliver timely and reliable internal and external financial reports.
- Ensure underwriting and actuarial teams are aligned with business units, especially in terms of claims assumptions, pricing, and risk appetite.
- Manage the relationship and Service Level Agreements (SLA) with shared service provider responsible for entity‑wide accounting; ensure seamless coordination with in‑house insurance accounting.
Qualification Requirements
10–15 years of progressive experience in finance, with at least 5 years in a senior leadership role within the insurance or financial services sector.Demonstrated experience overseeing pricing, underwriting alignment, and regulatory reporting in a complex, regulated environment.30% travel to Canada.Preferred Experience
15+ years of total experience in finance, with at least 7–10 years in insurance or financial services, and 5+ years in a senior finance leadership role.3–5 years of direct experience in managing insurance risks, pricing, and IFRS 17 implementation.Required Education
Bachelor’s degree in Finance, Accounting, Business Administration, or a related quantitative field.Professional certifications such as CPA, CFA, or equivalent are preferred.Desired Education
Master’s degree in Finance, Accounting, Business Administration (MBA), or a related quantitative field.Professional certifications such as CPA, CFA, or equivalent are strongly preferred.Additional training in insurance‑specific finance, risk management, or actuarial methods.Executive education from a leading business school (e.g., INSEAD, Wharton) is advantageous.Skills
Extensive experience as CFO or senior financial leader in the insurance sector.Expertise in pricing, controlling, accounting, and risk management.Strong understanding and implementation experience with IFRS 17.Skilled in financial forecasting, innovation, and claims analytics.Proven leadership in cross‑functional and board‑level environments.Excellent communication and stakeholder management skills.Desired Skills
Experience in automotive insurance environment.Experience as senior financial leader in a multi‑line insurance company with international operations or group reporting responsibilities.Proven track record of leading pricing transformation, IFRS 17 implementation, or integrating actuarial and financial functions.Prior oversight of shared service agreements, with success managing outsourced finance or accounting relationships.Experience serving on or advising a board of directors or audit committee, especially in regulated environments.Equal Opportunity Employment
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.
Seniority Level
Director
Employment Type
Full‑time
Job Function
Other
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