Senior Manager leading Capital Modelling at QBE, enhancing strategic model use and capital insights. Drive decision-making and risk management in a hybrid role based in the UK.
Responsibilities
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.
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.
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.
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.
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