Underwriting Placement at Volkswagen Financial Services

Top Employer
Placement Year (10 Months+)
Application Deadline
27th December 2019
South East
Milton Keynes
Salary Band
£16,000 - £17,999
£17,500 + Car scheme & discretionary bonus
Role May Involve
Business Management

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Volkswagen Financial Services is a Top Employer
“Really enjoyed my year. The work was demanding and interesting within a very friendly department. I wasn't treated like an intern - my opinion was valued.…” - Read full review

- 70 reviews

Underwriting Placement

The purpose of the Underwriting operation is to process the approval and activation of finance and value added products. This operational area is pivotal in supporting both the sales and retailer network to deliver their strategic goal.

The key responsibility is to deliver a best in class service to our retail partners for all brands within the whole Volkswagen Group. This is achieved by approving applications for new and used vehicles for both retail & corporate customers. Our underwriting undergrads are given real responsibility to take ownership of their workload in a continuously busy and time-fulfilling environment.

About the role

  • You will have the ability to underwrite all customer types
  • Opportunity to participate in ad-hoc project work
  • Receive and professionally handle calls made into the Underwriting department by the retail network. Full telephone training will be provided.
  • Check & verify all proofs of identification received by customers via the retailer network
  • Assess customer documentation to adequately and accurately establish affordability for the loan
  • Investigating referrals flagged by a fraud officer in line with procedure
  • Ensuring key controls are followed in order to protect the interests of the company.

About you

  • Studying towards a Business or Finance related degree
  • Logical thought processes when making decisions
  • Self-motivated and driven to complete individual deadlines
  • Ability to multitask and manage high volumes of tasks
  • Strong focus on ensuring good customer outcome
  • Excellent verbal and written communication capabilities
  • Full PC literacy with the ability to learn new systems/applications
  • An eye for attention to detail
  • Inquisitive when solving problems

What you’ll get:

(apart from a wealth of experience for the future…)

  • Earn whilst you learn and receive a competitive salary of £17,500 per annum plus discretionary bonus and access to company pension scheme
  • A fun and sociable workplace to start your career
  • Participate in Lifeskills workshops, designed specifically for our Undergraduates
  • Access to a discounted loan car scheme which means driving 2 brand new vehicles during your placement (a great way to make your mates jealous when you visit them at Uni)
  • Chance to make a difference in the local community with various volunteering opportunities
  • Onsite wellbeing centre – think lunchtime massages, onsite HIIT classes and health check-ups

About Volkswagen Financial Services

Here at VWFS, we provide finance and insurance services to customers across the entire Volkswagen Group in the United Kingdom. The Group includes some of the world’s most iconic automotive brands, like: Audi, SEAT, Skoda, Volkswagen, Bentley, Lamborghini, Porsche, Bugatti, Ducati, Scania and MAN.

Please be aware that we are only accepting one application per candidate so do take the time to make sure that this is the opportunity you feel passionate about applying for.

How to apply

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