At a Glance
- Tasks: Lead capital modelling processes and collaborate with teams to drive impactful results.
- Company: Join QBE Insurance, a global leader in innovative risk management.
- Benefits: Enjoy 30 days holiday, flexible working, and comprehensive health coverage.
- Other info: Dynamic hybrid role with opportunities for professional growth and development.
- Why this job: Make a real difference in a supportive, inclusive environment while advancing your career.
- Qualifications: Qualified actuary with experience in capital modelling and strong analytical skills.
The predicted salary is between 55000 - 65000 £ per year.
hackajob is collaborating with QBE Insurance to connect them with exceptional professionals for this role. Read all the information about this opportunity carefully, then use the application button below to send your CV and application.
Primary Details
- Time Type: Full time
- Worker Type: Employee
- To be finalised
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.
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.
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
- Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our program.
- Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance.
- AXCO Global Insurance Awards 2024 Winner: Network Management of the Year.
- Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer.
- UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year.
- Working Dads Employer Awards 2023 Winner: Parental Policies Award.
- Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee.
Apply now and let’s make it happen! If you’re looking for a career that combines your expertise and your empathy, click Apply today. Your career. At the heart of it.
Skills: Actuarial Science, Analytical Thinking, Capital Management, Communication, Critical Thinking, Detail-Oriented, Financial Modeling, Financial Products, Intentional collaboration, Investment Management, Managing performance, Problem Solving, Process Improvements, Risk Management, Stakeholder Management.
How to Apply: 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.
Capital Modelling Manager employer: QBE Insurance
QBE Insurance is an exceptional employer that fosters a supportive and inclusive culture, prioritising employee well-being and professional growth. With flexible working arrangements, comprehensive benefits including generous holiday allowances and family-friendly policies, and a commitment to sustainable practices, employees can thrive both personally and professionally in the vibrant cities of London and Leeds. Join a team where your contributions truly matter and make a positive impact every day.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Manager
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like QBE Insurance). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like QBE Insurance. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Capital Modelling Manager
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at QBE Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at QBE Insurance. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at QBE Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at QBE Insurance to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at QBE Insurance, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding QBE Insurance's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
