Capital Modelling Manager

About QBE

At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch. We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner. What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind. Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

The opportunity

We're hiring a Capital Modelling Manager, who will own a risk area and manage capital model runs for our Company entities. This role sits within the Regulatory Capital team, engaging across the Capital Modelling team and working with wider stakeholders across QBE. You’ll benefit from a supportive and inclusive culture that values technical expertise, accountability, and teamwork. With flexible working arrangements and ongoing training opportunities, this position is ideal for someone who thrives in a collaborative environment. The EO Capital Modelling team operates as a split location team across London and Leeds and therefore we welcome applicants based out of either location.

Your new role

• Reporting to the Senior Capital Modelling Manager, you’ll manage actuarial processes within the Capital Modelling team.
• For designated risk area/modelling area: own the parameterisation, modelling approach, validation of outputs and communication of results, supported by the Senior Manager.
• Manage model runs for Company entities, including reviewing for appropriateness.
• Collaborate with other risk area owners in the Capital Modelling team to ensure efforts are joined up.
• Maintain documentation relating to the internal model, regulatory requirements and reporting to governance forums.
• Present model updates to senior managers and to the Technical Review Group (TRG).
• Support submissions and responses to external regulators such as the PRA and NBB.
• Coach team members for success by providing guidance, feedback, and support in their professional development.
• Formal line management of junior team members.
• Collaborate with independent risk teams to facilitate thorough validation processes.

About you

Must-haves:

• Qualified actuary or qualified by experience.
• Tertiary Degree or equivalent combination of education and work experience.

Experience & capability:

• Fully qualified actuary with General Insurance experience.
• Strong background in capital modelling within the General Insurance industry.
• Highly skilled in data analysis, with strong proficiency in Excel and capital modelling software (Igloo preferred).
• Proven experience in collaborating proactively with others to achieve deliverables.
• Knowledge of Property and Casualty insurance business would be an advantage.
• Clear communicator of actuarial concepts.
• Experience managing and developing junior team members.
• Ability to effectively co‑ordinate processes and deliver technical analysis.

Benefits

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working – balancing work and life is important so our flexible working opportunities are open to all, this can include part‑time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short term remote work abroad – you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing – we believe sustainable integration is important for long term financial, environmental, and social outcomes.
• Cycle‑to‑Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.

Equal Employment Opportunity

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