Head of Model Use in Leeds

• Primary Details
• Time Type: Full time Worker Type: Employee
• Head of Model Use
• London / Leeds
• Permanent (Hybrid)
• 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 Head of Model Use (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 (Ro AC) 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, Power Point, 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.

Our pension strategy supports our net-zero goal to achieve year‑on‑year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.

• 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.

Skills

• Actuarial Science
• Analytical Thinking
• Capital Management
• Coaching for success
• Communication
• Critical Thinking
• Decision Making
• Financial Modeling
• Influencing
• Intentional collaboration
• Investment Management
• Managing performance
• Navigating ambiguity
• Team Development
• Team Management

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity

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

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