Financial Specialist Sr - Incentives

Job description

Worldwide, the Volkswagen Group has a long tradition of dramatic innovations. The Volkswagen Group with its headquarters in Wolfsburg, Germany is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Brief Role Description This position is a career level 20P and is located in Reston, VA with a role classification of Hybrid. This position will be responsible for analyzing Audi incentive spend and remarketing proceeds. The Senior Specialist will provide timely, accurate, and actionable financial reporting to management, and will assist with the development of planning round, budget, and monthly forecast. The Senior Specialist will provide the business units with financial consultation while serving as a strategic collaborator. The position will ensure that corporate policies and procedures are followed. Possible Tasks within this Role Program Performance & Budget Tracking – 80% of time Drive financial close and forecast accuracy with system inputs, performance metrics and dashboards. Support month-end and provision/accrual process. Collect, analyze, discuss, and consolidate spend deviations in new car and used/CPO incentives, across all retail channels (pure retail, fleet, service loaners) also with external partners. Further develop incentive reporting to brand finance with internal system for Finance/Controlling. Instill discipline and accountability in the use of resources. Monitor monthly performance, quantify request prior to approval, and deliver KPI’s. Provide financial consulting and strategic collaboration and advise leadership on resource efficiency. Residual value forecasting. Adjustment of pricing logics to maximize net revenues. Assist Brand Controller in planning round and budget development, also for finance IT. Competitor & Market Analysis – 20% of time Variance analysis for budgeted remarketing proceeds vs. actuals. Drive implementation and monitoring of agreements (between brand and captive finance entity). Provide timely and accurate management reporting for the Audi brand organization. Assist in business case development, ensure results are measured, and guide leadership as it details business priorities in plans, budgets and daily spending activities. Qualification requirements 7+ years of required experience Education Required Bachelor’s degree in Business or Finance Desired MBA Skills Strong analytical and problem solving skills Conceptual thinking skills Ability to understand and integrate inputs from various business units Influencing, communication Specialized Skills Required Experience in field of finance or accounting Professional experience in financial analysis and reporting Experience in data mining, data manipulation, report development, trend analysis & root cause analysis Strong analytical abilities & understanding of accounting & controlling procedures Ability to interface with all levels of management & provide necessary financial support for business Strong computer skills (Excel and Powerpoint) Desired SAP FI/CO SAP Analytics Cloud ThinkCell Tableau Copilot/AI Work Flexibility Less than 5% travel #LI-MN1 #LI-Hybrid Volkswagen Group of America 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.