At a Glance
- Tasks: Lead capital modelling strategies and enhance decision-making across the organisation.
- Company: Join QBE Insurance, a global leader with a human touch.
- Benefits: Enjoy 30 days holiday, flexible working, and comprehensive health coverage.
- Other info: Dynamic work environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in strategic capital management and team leadership.
- Qualifications: Must be a qualified actuary with strong capital modelling experience.
The predicted salary is between 70000 - 90000 £ per year.
hackajob is collaborating with QBE Insurance to connect them with exceptional professionals for this role.
Primary Details
- Time Type: Full time
- Worker Type: Employee
- Location: London / Leeds
- Type: 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.
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.
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
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, Coaching for success, Communication, Critical Thinking, Decision Making, Financial Modeling, Influencing, Intentional collaboration, Investment Management, Managing performance, Navigating ambiguity, Team Development, Team 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 Senior Manager employer: QBE Insurance
QBE Insurance is an exceptional employer that prioritises employee well-being and professional growth, offering a flexible working environment in vibrant locations like London and Leeds. With a strong commitment to diversity, equity, and inclusion, QBE fosters a collaborative culture where your contributions can make a real impact, supported by comprehensive benefits such as generous holiday allowances, private medical insurance, and sustainable investing initiatives. Join a team of passionate professionals dedicated to shaping the future of risk management while enjoying opportunities for personal and career development.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Senior 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 Senior 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.
