Dir, NAR Insurance Finance

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.

This position is Career Level 31L, located in Reston, VA, with a Role Classification of Hybrid.

The Head of NAR Insurance Finance is accountable for the overall financial performance and strategy for the 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 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 directly and the relationship with the shared accounting service from VWFS US for overall accounting.

Accountability– 20% of time spent

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.

Leadership and Development– 20% of time

Lead the finance, insurance accounting, controlling, and pricing functions. Build a high-performing, financially disciplined team.

Strategic Financial Leadership – 10% of time

Develop and lead the financial strategy for insurance, ensuring long-term profitability, resilience, and regulatory compliance

Chair Pricing Committee – 10% of time

Lead pricing decisions and oversee risk-based pricing strategies in alignment with actuarial and business targets.

Insurance Risk & Portfolio Management – 20% of time

Oversee financial risk models, monitor historical portfolio performance, and lead claims forecasting. Proactively adjusting and steering of performance trends.

IFRS-17 Compliance – 5% of time

Ensure full compliance with IFRS 17 and other regulations, driving accurate and transparent financial reporting.

Controlling & Reporting – 5% of time

Oversee planning, budgeting, and reporting cycles. Deliver timely and reliable internal and external financial reports.

Underwriting & Actuarial – 5% of time

Ensure underwriting and actuarial teams are aligned with business units, especially in terms of claims assumptions, pricing, and risk appetite.

Shared Services Oversight– 5% of time

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.

• 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 CAN

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.

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.