Senior Manager, Capital Modelling

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🕒 May 23

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QBE Insurance

WebsiteLinkedInAll Job Openings

10,000+ employees

QBE is an international insurer and reinsurer listed on the Australian Securities Exchange and headquartered in Sydney. We employ over 13,000 people in 27 countries.

📋 Description

• 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.

🏖️ 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.