Head of Department

Czech Republic Full-time

We are seeking a highly skilled and strategic Head of Corporate Finance and Capacity Management to build up and lead VIG Re’s team responsible for capital and capacity matters. The team is pivotal to achieving the company's growth and profitability goals. You will be responsible for overseeing VIG Re’s capital structure, shaping the financial strategy, managing debt and equity financing, and driving major financial initiatives. In addition, you’ll be ensuring the optimal management of liquidity, funding, capital, and risk. Together with the team, you manage the treasury area, ensuring proper liquidity management as well as our retrocession programs, ensuring optimal risk transfer and designing innovative retrocession solutions that align with the company’s overall risk management objectives. You will directly report to the VIG Re’s CFO.

Your responsibilities

Capital Management: Manage the company’s capital structure, including raising capital through equity, debt financing, and other sources. Analyse capital needs and structure for VIG Re’s long-term growth.
Performance Management and Business Steering: Establish benchmarks, performance goals, and KPIs for capital- and capacity utilization. Ensure timely and accurate reporting to the board of directors on capital performance and risk exposure.
Financial Strategy Development: Lead the development and execution of the company’s financial strategy, including capital allocation, financing, and investment decisions.
ILS & Capital Markets: Develop VIG Re Capital Market Strategy in the ILS space, including sourcing, evaluating, and structuring new ILS transactions and continuously monitoring market trends, model updates, and regulatory developments impacting ILS markets.
Stakeholder Management & Investor Relations: Serve as the primary contact for investors, lenders, rating agencies, and financial institutions. Build strong relationships and ensure transparency and trust in financial communications.
Retrocession Strategy Development: Lead the design and implementation of the company’s retrocession program, ensuring it aligns with overall risk management strategies and capital optimization goals.
Risk Analysis: Collaborate with underwriting and actuarial teams to assess risk exposure, monitor risk accumulation, and determine appropriate retrocession coverage levels.
Capacity Optimization: Continuously evaluate VIG Re’s capacity deployment and identify opportunities to flexibly steer underwriting capacity by optimizing risk transfer, capital impact, and reducing overall costs.
Cash & Liquidity Management (Treasury): Optimize cash flow forecasting, liquidity management, and working capital to meet the company's operational needs and minimize financial risk.
Asset Liability Management: Collaborate with Risk Management, Treasury, and Asset Management to monitor overall Assets and Liabilities along different currencies and along different investment and risk strategies.
Transaction Management: Lead and Manage Corporate Finance and M&A Transactions from a strategic and operational perspective (i.e. due diligence), including relevant stakeholder management.
Leading the Team: Lead and develop the Team and develop a team culture and spirit in accordance with VIG Re’s corporate spirit. This includes developing specialist knowledge and qualifications as well as preparing key talents for leading positions within VIG Re.

What we expect

Relevant experience of 7-10 years in Corporate or Investment banking, Corporate Finance in relation to the insurance or reinsurance industry
University degree, preferably in economics, finance, mathematics, or equivalent
A people-focused personality that can attract, develop, and maintain trust-based and valued relationships
Strong teamwork and networking skills with a pronounced willingness to cooperate
Proven skills and experience in managing major projects involving a multitude of internal and external stakeholders
Deep understanding of the value drivers of insurance and reinsurance companies
Experience working independently and a high level of accuracy
Ability to translate complex content into presentations and to create a meaningful storyline for stakeholders and the senior management.
High level of intercultural competence and experience
Business-fluent spoken and written English

What we offer

Opportunity to contribute essentially to the overall direction and development of the reinsurance industry and VIG Re
Opportunity for personal exposure & professional development in one of the leading insurance groups in Central and Eastern Europe
Work in a truly international environment
State-of-the-art working environment, including:
- flexible working hours, including hybrid working
- an extensive package of additional benefits
- a performance-based remuneration package
Workplace in the heart of a European Metropole