At a Glance
- Tasks: Lead the evolution of capital modelling and influence high-level decision-making.
- Company: Join QBE, a forward-thinking insurance company with a collaborative culture.
- Benefits: Enjoy 30 days holiday, private medical insurance, and a generous pension plan.
- Other info: Hybrid working model with opportunities for remote work abroad.
- Why this job: Shape the future of capital modelling while making a real impact in the industry.
- Qualifications: Qualified Actuary with expertise in capital modelling and strong leadership skills.
The predicted salary is between 60000 - 80000 £ per year.
Location: London (hybrid working)
Employment type: Full-time, Permanent
About the role
As Head of Capital Modelling, you’ll play a critical leadership role in shaping and evolving QBE’s internal capital model—ensuring it delivers both robust regulatory outcomes and meaningful commercial insight. This is an opportunity to define the future of capital modelling, influencing decision‑making at the highest level while leading the continued modernisation of models, tools and capabilities.
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
Responsibilities
- Set the capital modelling strategy and roadmap, aligning modelling capabilities with QBE’s commercial objectives and regulatory requirements
- Provide senior technical leadership across methodologies, assumptions and model design, ensuring ongoing integrity and robustness
- Lead the delivery of regulatory capital modelling outputs, including oversight of Solvency II (and equivalent) requirements and internal model compliance
- Act as a trusted advisor to senior stakeholders, translating complex capital model outputs into clear, commercially meaningful insights
- Enable the effective use of capital models in decision‑making, including capital allocation, reinsurance optimisation, stress testing and strategic transactions
- Establish and maintain a strong model governance and control environment, including documentation, validation and regulatory engagement
- Lead the modernisation and continuous improvement of modelling tools, processes and infrastructure
- Build and develop a high‑performing actuarial team, setting clear priorities and fostering a culture of quality, collaboration and innovation
- Partner closely with Capital Management, Capital Business Partnering and senior leadership to ensure alignment across the capital function
Qualifications
- Qualified Actuary (or equivalent) with deep expertise in capital modelling within insurance or reinsurance
- Strong understanding of regulatory capital frameworks (e.g. Solvency II) and internal model methodologies
- Proven ability to apply capital modelling insights to business decision‑making and strategy
- Experience engaging with regulators, Boards and senior stakeholders, with the ability to communicate complex concepts clearly
- Demonstrated leadership capability, including building and developing high‑performing teams
- Strong commercial perspective, with the ability to connect technical outputs to business outcomes
Benefits
- 30 days holiday a year with the option to buy up to 2 additional days
- Pension – automatic enrolment into the QBE pension plan with employer contributions of 10% of basic salary
- Private medical insurance – fully comprehensive cover for you and your family
- Short‑term remote work abroad – up to 20 days per year to work remotely from certain locations abroad
Equal Employment Opportunity
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Head Of Capital Modelling employer: QBE Europe
QBE is an exceptional employer that fosters a culture of innovation and collaboration, particularly in the dynamic field of capital modelling. With a strong commitment to employee growth, you will have access to comprehensive benefits including generous holiday allowances, a robust pension plan, and private medical insurance, all while working in a hybrid environment in London. Join us to lead a high-performing team and influence strategic decision-making at the highest levels, all within a supportive and inclusive workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Head Of Capital Modelling
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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We think you need these skills to ace Head Of Capital Modelling
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to QBE Europe.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on QBE Europe's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at QBE Europe
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with QBE Europe.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former QBE Europe employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
