Vehicle Forecasting Analyst Placements

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About Volkswagen Financial Services

Volkswagen Financial Services offers affordable finance and insurance products to help people buy Volkswagen Group brand cars through dealerships. We also provide fleet management solutions for small and large businesses – anything from two to three cars, up to thousands of vans for larger enterprises. In addition, Volkswagen bank supports our dealerships by providing funding to purchase new vehicles to sell onto customers as well as demonstrator and courtesy cars.

About the department

The Asset Risk Department at VWFS UK is responsible for forecasting the Residual Values (RV - how much a new car will be worth in 3 years’ time) that underpin the majority of the finance we offer to our customers. This is predominantly focused around the VW group brands containing VW, Audi, SEAT, Skoda, Lamborghini, Bentley and Porsche. This process has a huge impact on the future value of vehicles so attention to detail is imperative.

This department also maintains the Point of sale systems that link directly into the retailer network facilitating the sale of new and used vehicles as well as ensuring the Fleet department database is up to date.

On the whole the Asset Risk Team has touchpoints with every department within VWFS giving them excellent exposure to the wider business and ensuring that joined up thinking is applied where possible.

Vehicle Forecasting Analyst Placements

You will be part of the Asset Risk team who strive to be regarded as a centre of excellence in Residual Values (RV’s) setting within the global organisation, while providing a dynamic and challenging environment for its team members.

This role is responsible for the production and evaluation of asset (vehicle) related data within the VWFS portfolio. This includes market analysis using industry guides, information from the VWFS portfolio and Volkswagen Group brands to produce VWFS and Volkswagen Group Leasing (VGL) Residual Values along with other supporting information for ratification by the Residual Value Committee (RVC). The role holder will be expected to support the Asset Risk team in the consistent and accurate implementation of RV static data within VWFS point of sale systems (Connect on-Line and CALMS).

What’s involved?

• You will provide residual value analysis and forecasting recommendations to assist a committee of senior managers in setting residual values, using both industry standard applications and internal methodologies.
• You will be responsible for providing senior management with both quantitative and qualitative analysis of risks on the residual value portfolio.
• Production of competitor market analytics and benchmarking data for presentation of proposed VWFS residual values on both ‘new’ and ‘standard’ model reviews for the RVC on a timely basis and in line with the monthly release schedule.
• Work with the Asset Risk Manager and RVC to ensure continuous review of RV methodologies used ensuring best practice is recommended and adopted by VWFS, balancing the requirements of stakeholders, including Brands, Sales, Development, Finance, Controlling, BPM, CSC and Risk Management.
• Timely and accurate production of vehicle / asset related reporting and information such as RV accuracy forecasting and reporting, i.e.’ Break Even’ position and disposals reporting.
• Provide analysis for the Asset Risk and Risk Management teams, in particular identification of new and or developing risks and supporting RV data processing.
• You will be part of a team that carries out quarterly stock audits on a variety of auction sites across the UK where vehicles are held at the end of their contract.
• You will be given a long term project to complete within the department that relates to your degree programme so you are able to apply the specialist knowledge that you will develop in the “real world”. Previous examples include building a mathematical provisions model, and an economic analysis of car lifecycle depreciation. You may be able to carry some of this work directly over into your final year project or dissertation.

Requirements of the role

• Studying towards a Business, Economics or Maths related degree.
• An interest in cars and the car industry is essential.
• A good understanding of Microsoft Excel; you will be taught everything you need to know but a good understanding will enable you to pick things up quickly.
• A positive attitude and willingness to learn.
• An interest in data analysis, business analysis, financial and accounting analysis and statistical techniques.
• Ability to demonstrate systematic thought processes.
• Ability to cope under pressure and meet strict deadlines.
• Ability to communicate at all levels including Board of Management.
• Ability to present analysis in a comprehensible and authoritative manner, whilst understanding the knowledge level of the audience.
• UK and foreign travel may be required to attend motor shows and vehicle launches.

How to apply

To apply for this role and to find out more, please click on the apply button below.