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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

>> Find out more about the team.

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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  

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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

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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."

(c) Video: Whatchado

 


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  

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VIG Enterprise Risk Management

Head of department Ronald Laszlo (c) VIG

Functions and goals

The task of the Enterprise Risk Management is the comprehensive identification of the risk profile of the Vienna Insurance Group. Based on measurements and assessments of the risks Enterprise Risk Management supports the managing board with recommendations for risk steering of the group. Moreover, the department provided substantial contribution to the annual rating process with Standard and Poor’s.

It is our goal to provide relevant risk information, which enables the managing board within its steering activities to increase the profitability of the group sustainably and taking into account appropriately the risks connected with it.  
 

Our Services

The services of the Enterprise Risk Management are provided by three teams:

  • The team Risk Measurement and Methods provides centrally a risk aggregation tool, which all insurance companies within the group in all countries in EEA and the group itself as well use to determine its solvency capital requirement.
     
  • The team Risk Steering and Monitoring is analyzing and monitoring the risk profile of the group based on the identification and measurement of quantitative and qualitative risks. The results of these assessments are documented in various reports and written opinions, which further contribute significantly to the own risk and solvency assessment (ORSA).
     
  • The Team Non-Life is responsible for the application and ongoing further development of the approved internal model for Non-Life insurance business. Key tasks are among others the parametrization of the model, the validation of the results on group level and the support of our local entities in Austria, Czech Republic, Slovakia, Poland and Romania.


 

 

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

(c) Video: Impact Video Production

 

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

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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

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VIG Group Compliance

1. Strategic objectives

  • Fulfilling the compliance function on Group and Holding level in accordance with the Solvency II
  • Ensuring that all laws and regulations applicable to the company are complied with to prevent financial losses.

2. Core responsibilities

  • Monitoring of the legal environment and definition of required implementing measures
  • Advising and supporting the management and departments, employees and group companies on compliance-related matters (including carrying out group projects)
  • Conception and implementation of training courses to raise awareness for compliance topic
  • Development and definition of compliance standards for Group and Holding
  • Establishment of a compliance risk management system for the identification and assessment of compliance risks on Group and Holding level
  • Implementation of monitoring measures to ensure the adequacy of business processes

3. Daily Business

  • Answering questions on various compliance issues from Austria and CEE
  • Analysis and communication of changes in the legal environment to the affected departments
  • Organization and implementation of compliance-related training and communication initiatives in Austria and CEE
  • Conception and implementation of group-wide projects
  • Creation of compliance standards for Group and Holding

Jasmin Schwarz, VIG Group Compliance:

 "In the Group Compliance department our primary objective is to prevent companies and their employees from violating legal and regulatory requirements, and as a result - as the legislation of the last couple of years shows - from suffering substantial financial losses. The idea of protection is of primary importance. Accordingly, we are dealing with numerous legal areas, a wide range of topics and all VIG countries. Our main task is to integrate the complex legal requirements into the business processes - through projects, guidelines, training or consulting. Without adequate pragmatism, an in-depth understanding of the business model, very good communication and high social skills, this cannot be achieved - compliance still is a difficult topic to grasp. But the activity offers a high variety of topics and of development possibilities - on a professional and a personal level." (c) Picture: Klaus Ranger


Key Qualifications

  • Degree in law or economics and law
  • Professional experience, preferably in compliance, at a law firm or in a legal department
  • Knowledge of the insurance sector desirable
  • Excellent written and spoken German and English
  • Knowledge of one Eastern European language of advantage
  • Ability to work independently, precise and solutions-driven approach, high social and strong communications skills

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    VIG Group Controlling

    1. Strategic objectives

    • Target-oriented management of the VIG Group
       

    2. Core responsibilities

    • Organization of the planning process for the Group and VIG Holding
    • Preparation of standard reports, key figures and plan/actual deviation analyses
    • Improvement of data quality
       

    3. Day-to-day operations

    • Preparation of meaningful documents for planning and forecasts of the Group companies as well as the entire Group
    • Periodic analyses of the VIG Group companies with regard to their overall development
    • Coordination of data/content with VIG Holding divisions
    • Preparation of market reports

    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

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