At a Glance
- Tasks: Lead capital modelling strategies and enhance decision-making across the organisation.
- Company: Join QBE, a global insurer with a human touch and a collaborative culture.
- Benefits: Enjoy 30 days holiday, flexible working, and comprehensive health insurance.
- Other info: Work in a dynamic environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in strategic capital management and influence key business decisions.
- Qualifications: Must be a qualified actuary with strong capital modelling experience.
The predicted salary is between 70000 - 90000 £ per year.
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 are hiring a Senior Manager, Capital Modelling, who will 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. This is a highly visible role with genuine influence over how capital insights are translated into action. Sitting at the heart of strategic capital management, this opportunity allows you to directly shape how capital considerations inform business planning, major transactions and reinsurance decisions. You’ll work closely with senior stakeholders across EO, FAL and the wider QBE Group, playing a key role in strengthening model use, governance and capability, while also leading and developing a high‑performing team. For someone motivated by impact, influence and the opportunity to see their analysis drive meaningful outcomes, this role offers both strategic breadth and depth.
Your new role:
- 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.
About You
Must‑haves:
- Tertiary degree or equivalent combination of education and relevant work experience.
- Relevant actuarial society certification, such as Fellow of the Institute and Faculty of Actuaries (FIA) or Fellow of the Casualty Actuarial Society (FCAS).
Experience & capability:
- 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, 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 – 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.
Capital Modelling Senior Manager employer: 慨正橡扯
At QBE, we pride ourselves on being an exceptional employer, offering a dynamic work culture that values collaboration and innovation. With flexible working arrangements, generous holiday allowances, and comprehensive benefits including private medical insurance and family-friendly policies, we empower our employees to thrive both personally and professionally. Located in vibrant cities like London and Leeds, our team enjoys the unique advantage of making a significant impact within a supportive environment while contributing to sustainable practices that benefit the planet.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Senior Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for informational interviews. The more people know you’re on the hunt, the better your chances of landing that dream role.
✨Tip Number 2
Prepare for those interviews! Research QBE’s values and recent projects, and think about how your skills in capital modelling can make a real impact. Practise common interview questions and have your own ready to show your interest.
✨Tip Number 3
Showcase your expertise! Bring along examples of your previous work or case studies that highlight your experience in capital management. This will not only demonstrate your skills but also give you a chance to discuss your thought process.
✨Tip Number 4
Don’t forget to follow up! After your interview, send a thank-you email to express your appreciation for the opportunity. It’s a great way to keep yourself top of mind and show your enthusiasm for the role.
We think you need these skills to ace Capital Modelling Senior Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Capital Modelling Senior Manager role. Highlight your relevant experience in capital modelling and team leadership, and don’t forget to showcase your analytical skills. We want to see how you can make an impact!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs at QBE. Be genuine and let your personality come through – we love a good story!
Showcase Your Technical Skills:Since this role requires strong proficiency in tools like Excel, SQL, and capital modelling software, make sure to highlight these skills in your application. We’re looking for someone who can hit the ground running, so don’t hold back!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining the QBE team!
How to prepare for a job interview at 慨正橡扯
✨Know Your Capital Modelling Inside Out
Make sure you brush up on your knowledge of capital modelling and the Economic Capital Model (ECM). Be prepared to discuss how you've used these models in past roles and how they can influence decision-making. This will show that you're not just familiar with the concepts, but that you can apply them effectively.
✨Showcase Your Leadership Skills
As a Senior Manager, you'll need to demonstrate your ability to lead and develop a high-performing team. Think of examples where you've motivated your team or improved performance. Be ready to discuss your leadership style and how you engage with senior stakeholders to drive results.
✨Prepare for Technical Questions
Expect some technical questions related to data analysis, capital allocation, and regulatory forecasting. Brush up on your Excel, SQL, and capital modelling software skills. Being able to articulate your thought process when solving complex problems will set you apart from other candidates.
✨Understand QBE's Vision and Values
Familiarise yourself with QBE's mission to be an innovative risk partner. Think about how your experience aligns with their goals and how you can contribute to their vision. Showing that you understand and resonate with their values will demonstrate your genuine interest in the role.
