We are team of specialists steering capital management strategy in VIG Re. We are looking for new sources of capital and strive for its most efficient use by providing analyses for our underwriting decisions and optimise our retrocession buying. We continuously enhance and operate our powerful stochastic tool, Solvency II partial internal model, which is essential for an in-depth view on our underwriting risk. On behalf of VIG Group we centralise its reinsurance buying and allows the Group to benefit from economies of scale.

It takes a combination of strong analytical mindset, an in-depth business knowledge and continuous strive for personal and professional growth to cope with these tasks. Solving problems and having an impact comes with a great perk of satisfaction for us.

We are responsible for estimating future liabilities, ensuring the company has enough reserves to cover potential losses, while also managing risk and complying with regulatory requirements. The work requires technical expertise and is highly collaborative. We work closely with finance, risk and capital management, underwriters and other stakeholders to provide insights and make recommendations that impact the company's overall business strategy.

The main task of our team is to cover all areas of IT solutions for the company - from analysis, development, implementation to management of our own proprietary and external IT systems.

We address the developing needs of the company and create IT solutions together with our colleagues from other departments and external IT providers.

The Controlling team is responsible for the data management in the company. We process and analyses data from the operating systems, prepare reports and presentations for the management, VIG holding and pubic authorities and are responsible for steering the business planning process.

Corporate Underwriting controls the Company’s underwriting risk profile and consist of 2 teams:

Portfolio Management team is responsible for business planning, handling of underwriting referrals for complex and non-standard transactions and setting up the underwriting standards.

Pricing Actuarial team is responsible for the actuarial modelling of our incoming and outgoing reinsurance business, for the underlying methodology, performing analysis and development of pricing tools.

The Frankfurt branch office was opened in September 2017 to further strengthen VIG Re’s market presence in Germany, Austria and Switzerland. Since then we have continuously grown our book and now underwrite a diversified non-life treaty portfolio. We closely cooperate with the headquarter in Prague to ensure a seamless process and superior service for our clients.

In November 2018 the branch office in Paris was opened to establish and develop our reinsurance business in France and Benelux. The local team of underwriters is responsible for the underwriting of all Property and Casualty treaty business in these countries and closely cooperates with the support functions in the Prague headquarter.

We are responsible for the origination and underwriting of the business. We identify new business opportunities, maintain and develop the business relationships with our customers and are responsible for the technical risk assessment.

We work in teams of interdisciplinary experts with divers educational and cultural backgrounds. Dedicated experts within the teams are responsible for managing our Property & Casualty, Facultative and Life & Health, both treaty as well as reinsurance book. All of this provides a great opportunity to enrich your work experience and fuels the exchange of know-how.

Our Finance department consists of 4 Teams:

Reinsurance accounting ensures that all the accounts received from our business partners or sent to our business partners are properly and timely processed, open items are reconciled and followed up, due receivables are collected and liabilities are paid.

Reinsurance accounting P&C is focusing on our incoming active reinsurance treaty business and Group programmes.

Reinsurance accounting L&H, facultative and retrocession is dedicated to the remaining areas of the incoming reinsurance business – Life, Health and Facultative. The team is also creating accounts for our retrocession partners.

Treasury Team is ensuring that receivables are collected and payables are paid on time for all areas of operations. The team is operating the electronic banking systems, managing daily cash flow, communicating with our banking partners. They are very precise in their daily work.

Financial Accounting and Tax Team is responsible for all financial accounting and closing transactions, ensuring our compliance with the IFRS standards. Besides booking invoices, business trips, current account movements, the team is responsible for finalization of the quarterly closing process and balance sheet reconciliation. The team is also responsible for tax reporting, including tax reporting for our branches and transfer pricing.

On business administration side we lead a team of Assistant Underwriters and Business Administrators. Their main scope of duties is the administrative and analytical support of the market departments, assuring data quality, being an integral part of the market teams.

Our Claims team is responsible for the processing and management of large claims. In close cooperation with our underwriters and clients we record and update the claims records, make an inventory of unsolved claims and perform controlling functions in the area of claims handling.

We are ensuring that all the compliance risks and legal matters are properly managed with sufficient expertise and capacity. We make sure that VIG Re is conducting its business in full compliance with applicable national and international laws and regulations that pertain to the reinsurance industry.

Risk Management Department creates, implements and communicates risk policies and processes for VIG Re to measure, control and report risks. Risk Management steers the Solvency Capital Requirement calculations and provides hand-on development of risk models involving market, credit and operational risk, assures controls are operating effectively, and provides research and analytical support.

HR Operations accompany the employees during entire lifecycle and career at VIG Re. We cover the recruitment process, on-boarding, benefits, appraisals, eventual off-boarding process and support employees with any HR-related topics.

Talent Development Officer is responsible for identifying talents in our Company and helping them to develop professionally. Talent Development Officer creates and implements the HR Strategy of VIG Re, develops concepts of career paths for all job families and manage the implementation of the professional development programs.