At a Glance
- Tasks: Lead capital modelling for risk areas and manage model runs for our company entities.
- Company: Join QBE, a forward-thinking insurance company with a collaborative culture.
- Benefits: Enjoy 30 days holiday, flexible working, and comprehensive private medical insurance.
- Other info: Work in a hybrid role with opportunities for professional growth and sustainability initiatives.
- Why this job: Make an impact in the insurance industry while developing your skills and career.
- Qualifications: Qualified actuary with experience in capital modelling and data analysis.
The predicted salary is between 55000 - 65000 € per year.
Location: London / Leeds | Employment type: Full time, Employee (Permanent, Hybrid)
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. 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
- 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.
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
- 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.
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.
Capital Modelling Manager employer: hackajob
QBE is an exceptional employer that prioritises employee well-being and professional growth, offering a flexible working environment in both London and Leeds. With generous benefits such as 30 days of holiday, comprehensive private medical insurance, and a commitment to sustainable investing, QBE fosters a supportive culture where team members can thrive and develop their skills while contributing to meaningful projects in the General Insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working at QBE. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for interviews by brushing up on your capital modelling knowledge. Be ready to discuss your experience with data analysis and how you've collaborated with teams in the past.
✨Tip Number 3
Showcase your communication skills! Practice explaining complex actuarial concepts in simple terms. This will help you stand out during presentations to senior managers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you're serious about joining the team.
We think you need these skills to ace Capital Modelling Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Capital Modelling Manager role. Highlight your experience in capital modelling and data analysis, and don’t forget to mention any relevant qualifications or software skills that match what we’re looking for.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Talk about your experience with General Insurance and how you’ve successfully collaborated with teams in the past. Keep it engaging and professional!
Showcase Your Communication Skills:As a Capital Modelling Manager, clear communication is key. In your application, demonstrate your ability to convey complex actuarial concepts simply. This could be through examples of presentations you've delivered or reports you've written.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at hackajob
✨Know Your Numbers
As a Capital Modelling Manager, you'll need to be comfortable with data analysis and capital modelling software. Brush up on your Excel skills and be ready to discuss specific modelling techniques you've used in the past. Prepare examples that showcase your experience in managing model runs and validating outputs.
✨Communicate Clearly
You'll be presenting model updates to senior managers and the Technical Review Group, so practice explaining complex actuarial concepts in simple terms. Think about how you can convey your ideas clearly and confidently, as effective communication is key in this role.
✨Show Your Collaborative Spirit
This role involves working closely with other risk area owners and independent risk teams. Be prepared to share examples of how you've successfully collaborated in the past. Highlight your ability to coordinate processes and achieve deliverables through teamwork.
✨Prepare for Leadership Questions
Since you'll be coaching junior team members, expect questions about your management style and how you support others' professional development. Think of specific instances where you've provided guidance or feedback, and be ready to discuss how you foster a positive team environment.
