Career Lounge

Group Management

VIG Human Resources

1. Strategic objectives

  • Implementing the Group’s Human Resources strategy
  • Creating a working environment that allows sufficient leeway for employee development  

2. Core responsibilities

  • Systematic process design and providing Human Resources services
  • Designing frameworks and intra-Group learning processes  

3. Day-to-day operations

  • Devising and managing staff development initiatives
  • Appointing employees with appropriate professional and interpersonal skills
  • Ensuring compliance with statutory and contractual HR-related requirements

Key qualifications

  • Degree in economics, law, psychology, teaching, human resource management, etc.
  • Several years of professional experience an advantage
  • Structured, solutions-driven approach and willing to use initiative
  • Hands-on mentality
  • Flexible and highly adaptable to a rapidly changing international environment
  • Interested in the insurance business
  • Outgoing and communicative personality, and a team player
  • Excellent German and English skills

VIG General Secretariat

1. Strategic objectives

  • Coordinating interdepartmental reports and issues
  • Working closely with the Managing Board  

2. Core responsibilities

  • Preparing and managing meetings of governing bodies (Managing and Supervisory Board meetings, and the annual general meeting)
  • Compiling annual and interim reports
  • Supporting Standard & Poor’s during rating evaluations  
  • Corporate Social Responsibility (CSR)

3. Day-to-day operations

  • Preparing reports, economic and other types of analysis, and presentations, as well as managing projects for various target groups
  • Managing the partnership with Erste Group
  • Complaints management

Key qualifications

  • Economics degree
  • Precise and good with figures
  • Dedicated and resilient
  • Eagerness to learn, ambitious and flexible
  • Team player with a strong hands-on mentality
  • Excellent written and spoken German and English
  • Outstanding knowledge of MS Office  

Sabine Stiller, VIG General Secretary  

“The General Secretariat is one of VIG’s key departments. It manages communications relating to interdepartmental and cross-border projects. We also make the preparations for Managing and Supervisory Board meetings, compile the annual and interim reports as well as presentations, and work with Standard & Poor’s during the yearly rating evaluation. You could say we have to be generalists and specialists rolled into one.

My VIG story began in the General Secretariat. In autumn 2007, after I had been with VIG for two years, I moved to the Czech Republic. This spell abroad was a defining phase in my career. At first I worked at CPP before moving to Kooperativa where I had two exciting years with a whole host of new responsibilities. I also had to learn a completely new language, but that was easier with such friendly and helpful colleagues. At the start of 2010 I was given the option of returning to Vienna as head of the General Secretariat, so my VIG career took a new turn and I’m still happy with the direction I’m moving in.

At VIG we work together as partners, and talk openly and often with one another, which helps us to find a balance between management and giving the employees room for manoeuvre. VIG is a diverse, but also a very coherent Group.”   

VIG Legal

1. Strategic objectives

  • Solution-orientated and prompt clarification of all legal enquiries for the Group
  • Representing the interests of VIG Holding in company, procedural and contract law matters, including in its role as a shareholder  

2. Core responsibilities

  • Ensuring the legal compliance of VIG campaigns in all countries where the Group is represented
  • Providing legal support to VIG Holding and its subsidiaries on cross-border contracts and in legal proceedings  

3. Day-to-day operations

  • Preparing legal analyses and examining legal issues
  • Administering Group legal matters
  • Preparation and legal support of institutional meetings of VIG Holding
  • Monitoring and interpretation of legal changes in Austria and EU
  • Managing of Group brands
  • Cooperation with external partners, especially lawyers, and authorities in Austria and abroad.

Key qualifications

  • Law degree
  • Court training an advantage
  • Professional experience, preferably at a law firm or in a legal department
  • Comprehensive practical knowledge of company law
  • Advanced working knowledge of German and English
  • Knowledge of one Eastern European language an advantage
  • Precise and solutions-driven approach, and willing to work on own initiative and take on responsibility
  • Good communication skills

VIG Subsidiaries Department

1. Strategic objectives

  • Safeguarding VIG’s interests at the Group’s subsidiaries
  • Supplying information on subsidiaries and equity investment projects, in line with the respective decision maker’s requirements  

2. Core responsibilities

  • Ongoing management and monitoring of VIG’s equity investment portfolio
  • Planning and implementing equity investment projects  

3. Day-to-day operations

  • Performing financial analyses of subsidiaries
  • Implementing M&A and financing projects in compliance with legal frameworks and taking into account economic conditions
  • Managing data on subsidiaries

 

 

Wolfgang Hajek:
"For me, what's really exciting is managing international projects."

 

 


Key qualifications

  • Economics or law degree
  • Several years of professional experience, preferably with a business trustee, commercial law firm or similar organisation
  • Experience of the insurance industry an advantage
  • Able to work independently and grasp ideas quickly, and excellent with figures
  • Confident manner, strong sense of initiative, dedicated and resilient
  • Team player
  • Excellent German and English skills  

VIG Enterprise Risk Management / Solvency II

1. Strategic objectives

  • Assessing and evaluating insurance, investment and liquidity risks
  • Safeguarding VIG’s liquidity  

2. Core responsibilities

  • Compiling economic analyses and company valuations for VIG
  • Formulating best practice standards for the Group’s actuaries  

3. Day-to-day operations

  • Evaluating the insurance portfolio
  • Managing cooperation between the Group’s actuaries

 

 

Elena Adriana Predescu raves about
the
international cooperation within the group.

 

 

 

 

Florian Sigmund explains what it means
to be part of such large insurance group.

 

 


Key qualifications

  • Economics or mathematics degree
  • Knowledge of financial or actuarial mathematics
  • Practical experience of enterprise risk management
  • Excellent knowledge of Solvency II
  • Very good IT skills (basic programming knowledge an advantage)
  • Competent, assured and professional manner
  • Solutions-driven mentality and willingness to innovate
  • Very good communications skills and experience of giving presentations
  • Excellent written and spoken Englis
  • Knowledge of one Eastern European language an advantage

VIG Internal Audit

1. Strategic objective

  • Assessing the lawfulness, correctness and appropriateness of VIG Group company activities  

2. Core responsibilities

  • Identifying systemic or recurring errors
  • Enhancing process efficiency  

3. Day-to-day operations

  • Auditing departmental internal control systems
  • Performing random audit inspections


Monika Scheibbner, VIG Internal Audit:

“For me the special thing about VIG is that it provides people with lots of opportunities to take on fresh responsibilities within the Group. I worked in the hotel industry before joining Wiener Städtische in 1999, and I then had a position at a branch of Wiener Städtische in Lower Austria for seven years.In 2006 I applied for a position in the Internal Audit department at the Group and got the job. I was able to put the knowledge and experience that I had accumulated up to that point to very good use in my new role. Our activities are based on the annual audit plan approved by the Managing Board. Other than my job itself, I have to say that I am very impressed with the company’s commitment to social responsibility and the opportunities it gives employees to get involved themselves. I will be taking part in the Social Active Day for the third time this year, and I volunteer at a care facility once a month."    


Key qualifications

  • Law or economics degree
  • Good written and spoken English
  • Objectivity and integrity - good communicator and team player
  • Working knowledge of MS Office
  • Knowledge of economic subjects
  • Willingness to travel
  • Knowledge of one Eastern European language an advantage

Group Compliance

1. Strategic objective

  • Performing compliance functions at Group level and for VIG Holding as an independent company in accordance with the Solvency II Directive (a European regulatory framework for insurance companies)

2. Core responsibilities

  • Advising and supporting governing bodies and departments on compliance-related matters
  • Identifying and evaluating compliance-related legal risks in Group operations and drawing up risk-prevention measures
  • Setting Group-wide compliance standards and raising awareness of the topic of compliance

3. Day-to-day operations

  • Advising all departments on compliance-related issues (including issuer compliance)
  • Participation in VIG Holding and international projects
  • Organising and implementing compliance-related training and communications initiatives

Natalia Cadek, VIG Group Compliance:

"I started out at VIG as country manager for Ukraine, Belarus and Russia. Business trips were a big part of my job - and a very valuable one as well - from day one. After four years in Kiev working as General Secretary for Ukraine I had the chance to head up the new International Legal Matters department in Vienna, as well as supporting the head of Subsidiaries in my role as Deputy Manager of that department. Getting International Legal Matters up and running was a tough job, and I was involved in the process for almost six and a half years. In 2015 I took on another exciting and pioneering position when I was appointed head of the newly established VIG Group Compliance department. Its main aim is to ensure that the compliance structures and compliance management processes at VIG Holding - as an independent company - and across the Group meet the requirements set out in the Solvency II framework.

The company gives its employees a feeling of stability and looks after its people - after all, they spend a large part of their time here. We enjoy a wide variety of benefits, from health and medical services to the in-house cafeteria. In my view, the culture of open and direct communication between the Managing Board and the staff is a vital part of our day-to-day work. We have a huge range of development opportunities at our respective companies and in the form of placements abroad with Group companies. At VIG, you don't just stand on the sidelines, you're encouraged to get involved in shaping the company."


Key Qualifications

  • Degree in law or economics and law
  • One year of court training an advantage · Professional experience, preferably in compliance, at a law firm or in a legal department
  • Knowledge of civil and corporate law
  • Excellent written and spoken German and English
  • Knowledge of one Eastern European language an advantage
  • Willingness to use initiative, precise and solutions-driven approach, good interpersonal and communications skills, and conflict management abilities

VIG Group Controlling

1. Strategic objectives

  • Acting as the central controlling unit for the entire Group
  • Structuring and supporting planning processes at Group level
  • Laying the foundations for uniform data quality and standardised reporting procedures  

2. Core responsibilities

  • Drafting standard reports, analysing key performance indicators and carrying out variance analysis
  • Developing value-driven Group management procedures 
  • Standardising Group-wide definitions for data and performance indicators  

3. Day-to-day operations

  • Carrying out periodic analyses of Group companies’ performance
  • Analysing forecasts and plans
  • Continuously adapting Group reporting procedures
  • Coordinating standardised data requests  

Key qualifications

  • Economics degree
  • Professional experience in insurance and/or finance (e.g. in controlling or accounting) an advantage
  • Entrepreneurial mindset, excellent analytical skills and good with figures
  • Strong IT knowledge (preferably with knowledge of SAP)
  • Good communicator and team player
  • Confident manner, strong sense of initiative, dedicated, flexible and resilient
  • Accurate and reliable, strong sense of responsibility, and able to handle heavy workloads
  • Very good German and English skills
  • Experience of working in CEE and knowledge of one Eastern European language an advantage
  • Willingness to travel