Capital Modelling Senior Manager

Role Overview

Senior Manager, Capital Modelling (Full‑time, Employee). Location: London / Leeds (Hybrid). Lead and enhance strategic model use within the EO Capital Modelling function, ensuring the Economic Capital Model (ECM) is embedded at the core of decision‑making, risk management, and business partnering across the division.

Key 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.
  • Lead strategic capital management activities across the QBE Division, including capital structure optimisation and assessment of capital impacts from strategic projects at EO and Group level.
• Capital Allocation & Transactions:
  • Oversee and 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 commutations, reinsurance optimisation, and the QBE reinsurance purchase process using the capital model.
• Regulatory Capital & Forecasting:
  • Take responsibility for the production of regulatory capital forecasts to support capital and remittance planning.
  • Drive the 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 & Experience

• Tertiary degree or equivalent combination of education and relevant work experience.
• Relevant actuarial society certification (Fellow of the Institute and Faculty of Actuaries (FIA) or Fellow of the Casualty Actuarial Society (FCAS)).
• Full qualification as an 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, with strong 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, including part‑time, job share, and compressed hours.
• Pension plan with 10% employer contribution on basic salary.
• Private medical insurance for employee and family.
• Family‑friendly policies: 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short‑term remote work abroad: request up to 20 days per year.
• Sustainable investing strategy with net‑zero goals.
• Cycle‑to‑Work benefit up to £5,000.

Equal Employment Opportunity

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

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