Senior Capital Modelling Analyst
Leeds or London
The Opportunity:
We are excited to offer a fantastic opportunity for a Senior Capital Modelling Analyst to join our Capital Modelling team. The Capital Modelling team operates as a split location team across Leeds and London 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.
In this role, you will maintain and run systems for accurate data and analyses, produce essential reports, support planning and risk management, coordinate globally, and contribute to improving methodologies. Additionally, you will have the chance to coach and develop junior team members, sharing your knowledge and best practices. If you have experience in General Insurance, strong communication skills, and a proficiency in capital modelling, we would love to hear from you. Join us at QBE, where we value flexibility and career development.
Your New Role:
The purpose of this role is to manage 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:
Maintain and run systems and procedures for accurate data and analyses in Capital Modelling to ensure accurate data is used and appropriate analyses produced.
Planning and executing smaller projects without direction. Contribute to the planning and execution of existing projects with multiple components. Targeting timely delivery of work with appropriate levels of review and governance.
Produce Capital Modelling analysis and reports for capital needs.
Support Capital Modelling output used in QBE planning, investment and underwriting portfolio management, capital and volatility management, and reinsurance.
Comply with all material legal and regulatory requirements, adhere to relevant actuarial standards and good practice.
Coordinate with other teams in the QBE Capital Modelling function globally, so as to enable appropriate consistency of process and encourage the sharing and adopting of best practice.
Understand and follow formal documentation related to economic capital management, ECM uses and reporting to governance forums.
Engage with relevant business users of Capital Modelling to promote the use of the ECM to enhance decision-making and consistency in risk assessment processes.
Identify opportunities for ECM improvement in methodology, reliability, consistency and business use.
Coach and develop junior team members, sharing knowledge and best practices.
About You
To thrive in the role of a Senior Capital Modelling Analyst, we would expect you to have:
Significant relevant General Insurance work experience.
Experience of working with senior stakeholders.
Ability to lead smaller projects.
Excellent analytical ability and problem-solving skills.
Proficiency in capital modelling, with the capability to manage technical aspects independently.
Excellent communication skills with the ability to influence stakeholders.
Strong prioritisation skills and experience managing competing priorities.
Associate or nearly qualified actuary from the Institute of Actuaries or an equivalent body.
Experience in coaching and developing junior team members, sharing knowledge, and best practices.
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, Business Management, Capital Management, Catastrophe Risk Management, Communication, Critical Thinking, Detail-Oriented, Financial Modeling, Financial Products, Intentional collaboration, Managing performance, Problem Solving, Process Improvements, Stakeholder Management, Working IndependentlyHow 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.