Capital Modelling Senior Manager

Capital Modelling Senior Manager

Locations: London / Leeds. Status: Permanent (Hybrid).

About QBE

QBE is an international insurer with more than 13,000 people in 26 countries. We are focused on human‑centric solutions, risk partnership, and sustainable growth. Our work environment promotes impact, collaboration, and meaningful outcomes.

Primary Details

• Time Type: Full time
• Worker Type: Employee
• Employment Type: Permanent (Hybrid)

Responsibilities

• Strategic Model Use & Capital Insight:
  • Oversee and maintain the EO management view of the ECM, ensuring it reflects the latest risk profile of the business.
  • Promote the effective use of the ECM to enhance decision‑making and consistency in risk assessment processes.
  • Utilise the ECM to support business planning ahead of Sub1 and Sub2 submissions, including analysis of earnings volatility, portfolio optimisation and capital intensity ratios.
  • Leverage the model to support capital structure optimisation and assess capital impacts from strategic projects at EO and Group level.
• Capital Allocation & Transactions:
  • Maintain a robust capital allocation methodology in support of the Head of Capital Business Partnering.
  • Increase awareness and technical understanding of capital allocation and return on allocated capital (RoAC) across EO and FAL stakeholders.
  • Oversee the assessment of capital implications for a range of business transactions, including Loss Portfolio Transfers (LPTs), acquisitions and disposals.
  • Support movements, reinsurance optimisation and the QBE reinsurance purchase process using the capital model.
• Regulatory Capital & Forecasting:
  • Responsibility for the production of regulatory capital forecasts to support capital and remittance planning.
  • Drive ongoing development and enhancement of capital forecasting methodologies.
  • Apply a robust risk management framework and peer‑review processes across model use activities.
• Governance, Leadership & Stakeholder Engagement:
  • Lead the FAL monthly Model Use Working Group, ensuring delivery of key activities and contributing to future model use strategy.
  • Build strong, collaborative relationships with key stakeholders across the QBE Division and wider Group.
  • Motivate, develop and lead team members, ensuring high performance standards and ongoing personal development.

Qualifications

• Tertiary degree or equivalent combination of education and relevant work experience.
• Relevant actuarial society certification (e.g., Fellow of the Institute and Faculty of Actuaries (FIA) or Fellow of the Casualty Actuarial Society (FCAS)).
• Fully qualified actuary with significant General Insurance experience.
• Strong background in capital modelling or capital management within the General Insurance industry.
• Proven experience in team leadership and senior stakeholder engagement.
• Highly skilled in data analysis and proficiency in Excel, PowerPoint, SQL, VBA, and capital modelling software (Igloo preferred).
• Commercially aware, collaborative, and able to influence strategic decision‑making.
• Experience leading operational processes and delivering high‑quality technical analysis and insights.
• Strong analytical and problem‑solving skills, with clear written and verbal communication abilities.
• Comfortable working with senior management and industry professionals in complex environments.

Benefits

• 30 days holiday a year, with the option to buy up to 2 additional days.
• Flexible working options including part‑time, job share and compressed hours.
• Automatic enrollment in the QBE pension plan with 10% employer contribution.
• Full comprehensive private medical cover for you and your family.
• Family friendly policies: 26 weeks leave at full pay regardless of gender identity, sexual orientation or parental status.
• Up to 20 days per year of short‑term remote work abroad.
• Support for sustainable investing and a pension strategy focused on net‑zero goals.
• Cycle‑to‑work benefit with up to £5,000 value for bike purchase and accessories.

Employment Eligibility

Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

Equal Employment Opportunity

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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