Senior Manager, Capital Modelling

Role Overview

• 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.
• 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.

Requirements

• 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 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.

Tech Stack

• SQL
• VBA

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.