Capital Modelling Senior Manager

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

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.