Capital Modelling Senior Manager

Primary Details

Time Type:
Full time Worker Type:
Employee

London / Leeds

Permanent (Hybrid)

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.

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.

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.

• 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.

• 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.

• 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.

• 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.

• 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).

• Fully qualified actuary with significant General Insurance experience.
• Strong background in capital modelling or capital management within the General…