Vehicle Forecasting Undergraduate Placement

Volkswagen Financial Services LTD
Milton Keynes
£17,500 per annum + car scheme & discretionary bonus
12 Nov 2017
16 Nov 2017
Contract Type
Full Time
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.

On the whole the Asset Risk Team has touch points with every department within VWFS, giving the student that joins us an excellent exposure to the wider business

About the role

  • You will provide analysis and forecasting recommendations to assist in setting residual values
  • You will be responsible for providing senior management with both quantitative and qualitative analysis of risks on the residual value portfolio
  • Work with the Asset Risk Manager to ensure continuous review of methodologies used ensuring best practice is adopted by VWFS
  • 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
  • Provide analysis for the Asset Risk and Risk Management teams, in particular identification of new and or developing risks
About you
  • 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
  • Positive attitude and willingness to learn
  • An interest in data analysis, business analysis, alongside financial and accounting analysis
  • Ability to cope under pressure and meet strict deadlines.
  • Confident communicator

There is the ability to participate in the student car scheme, 27 days holiday and a discretionary bonus. On top of that you can also take advantage of discounts on gym membership, travel, rail and bus tickets, local sports matches and nights out at the theatre and cinema.

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.
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