Capital Modelling Manager
London or Leeds
The Opportunity:
We have a fantastic opportunity to join our well-established Capital Modelling team as a Capital Modelling Manager. The Capital Modelling team operates as a split location team across London and Leeds and we welcome applicants based out of either location.
The Capital Modelling team has grown in recent years due to growth in model use and additional regulatory requirements. The team is structured into risk area owners, to allow the development of expertise, and risk area responsibilities are reviewed annually, to allow the team to develop wider knowledge.
Within this role you will utilise your technical expertise both within the team and cross functionally and work closely with senior stakeholders. This role would be great for a qualified actuary who already has a wealth of experience within Capital Modelling, ideally using Igloo. Flexibility within the team means this role would equally suit someone looking to be a people manager or someone who prefers to remain as a subject matter expert (SME) without formal line management responsibilities. We value flexibility at QBE so please feel free to talk to us about our flexible working options.
Your New Role:
The purpose of this role is to lead projects for capital modelling and reporting, ensuring effective capital management across the company. This will include supporting both regulatory submissions (including to Lloyd’s, the PRA and the NBB) and model uses.
Given the fast pace and cyclical demand, it’s important that you already have an in-depth understanding of the workings of an Actuarial department and be driven to succeed.
Your primary responsibilities will include:
Develop and manage systems and procedures in Capital Modelling to ensure accurate data is used and appropriate analyses produced.
Designing, planning and executing Capital Modelling projects to address business problems and objectives. Manage own and team workflow, working largely independently and escalating for support when needed. Managing expectations for delivery, ensuring robust level of review and governance.
Support Capital Modelling insight to QBE planning, investment and underwriting portfolio management, capital and volatility management, and reinsurance.
Coordinate with other teams in the QBE Capital Modelling function, to enable appropriate consistency of process and encourage the sharing and adopting of best practice.
Manage relevant formal documentation related to economic capital management, Economic Capital Modelling (ECM) uses and reporting to governance forums.
Engage with key stakeholders across QBE and promote the use of the ECM to enhance decision-making and consistency in risk assessment processes.
Comply with all material legal and regulatory requirements, adhere to relevant actuarial standards and good practice.
Identify opportunities for ECM improvement in methodology, reliability, consistency and business use.
(If including people management responsibilities) Perform all management functions including capacity negotiation and planning, performance feedback and involvement in recruitment and HR processes. Drive the professional and career development of direct reports.
Development of the wider team, including coaching, knowledge sharing and best practices.
About you:
To thrive in the role of a Capital Modelling Manager, we would expect you to have:
Significant relevant General Insurance work experience.
Advanced user of capital modelling software (Igloo, ReMetrica or Tyche).
Experience of working with senior stakeholders.
Excellent communication skills to effectively manage and influence stakeholders and explain technical actuarial concepts.
Qualified actuary or qualified by experience.
Why QBE? At My Best
At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.
We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.
QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://qbeeurope.com/careers/flex-qbe/).
With more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.
To find out more about why you should work for QBE, visit our careers website.
At My Best - QBE Benefits
You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.
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.
To find out more visit our Reward Page
QBE Awards
Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;
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
You can view all our awards here
Inclusion of Diversity
We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in. We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at our Careers Page
Accessibility
Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.
ESG & Sustainability
At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future. Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report
What next? If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.
We believe this is our moment – what if it was yours too?
APPLY NOW and let’s make it happen!
Skills:
Actuarial Science, Analytical Thinking, Capital Management, Communication, Critical Thinking, Detail-Oriented, Financial Modeling, Financial Products, Intentional collaboration, Investment Management, Managing performance, Problem Solving, Process Improvements, Risk Management, Stakeholder ManagementHow 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.