Group Economic Capital Modelling Lead (ESG)

• Location: Sydney  

• Type: Permanent, full time 

• Hybrid role, Happy to talk flexible working 

The opportunity 

Join our dynamic Group Actuarial team as a Group Economic Capital Modelling Lead. This strategic and technical role offers a unique chance to shape the future of our economic and financial market analysis. You will leverage economic scenario generator (ESG) modelling within the economic capital model (ECM) to provide valuable insights and support our enterprise risk management approach. Your expertise will be crucial in managing both internal and external risks, ensuring our organisation's resilience and success. 

You will engage with a wide range of ECM stakeholders, including Group ECM, Division ECM teams, Group Investments and Risk teams.  

Duties will include but are not limited to: 

• Run the QBE ESG on behalf of QBE Group and its Divisions: Be responsible for the day-to-day modelling of economic scenarios using the QBE vendor model, and providing insight into QBE’s internal capital modelling, especially for market and credit risks. 

• Update and Validate the QBE ESG Model: Ensure the accuracy of asset returns from the vendor ESG model; derive, apply, and apply & validate adjustments based on QBE’s investment plan & outlook. 

• Apply and Validate ESG Updates in the QBE ECM: Analyse capital impacts at Group and Divisions, and perform validation reviews with Group Investments. 

• Support with Queries and Requests: Provide assistance with general queries, and with requests for external review and regulatory submissions for the EO division. 

• Ad Hoc Tasks: Identify opportunities for ESG improvement, promote the understanding and use of ESG within QBE, and coach junior team members. 

• Support AusPac ECM: Maintain systems and procedures for accurate data and analyses in Capital Modelling, produce analysis and reports for capital needs, and coordinate with global QBE ECM teams 

About you 

The ideal person for this position will have Economic Capital Modelling experience and familiarity with Economic Scenario Generators, preferably in the general insurance space. You will have excellent communication skills and demonstrable experience in adapting your language and style to suit the needs of various stakeholders. 

• Previous experience in actuarial roles is beneficial.  

• Familiarity and ease with capital models, especially Igloo, is also beneficial. 

• Excellent written and verbal communication and the ability to influence mid-level leaders. 

• Ability to articulate complex analytical concepts to a wider range of stakeholders. 

• Self-motivated and able to work independently and meet deadlines. 

• Capable of representing team or function in a range of internal and external forums.  

About QBE 

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. We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner.  

And our people will be at the centre of our success. We’re proud to work together, and encourage each other enable resilience for our customers, our environment, our economies and our communities. 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.  

We believe this is our moment – what if it was yours too? Your career at QBE — let’s make it happen! 

Benefits 

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from: 

• ‘Hybrid Working’ – a mix of working from home and in the office to enhance your work/life balance 

• Our ‘Thriving at our Best’ wellbeing program, including free holistic wellbeing coaching, nutritional, confidential counselling, financial and legal advice 

• 18 weeks’ gender-equal flexible leave for all new parents, including paid super 

• The ability to maximise retirement savings through voluntary super contributions and company matching 

• Income protection insurance & reimbursed Death and Total Permanent Disability insurance premiums 

• Additional leave and support through QBE’s Family Domestic Violence First Responder Network 

• Discounts on insurance products, car hire, hotels, goods and services including benefits through our various sports and arts sponsorship partners 
   

Rewards & Recognition 

We value our employee’s experience with us and are proud to have been recognised for the following awards: 

• 2021 LinkedIn Top Employer & HRD Employer of Choice 

• 2020 Best Workplace Diversity & Inclusion and Excellence Award for Best Health & Wellbeing at the Australian HR Awards 

• Platinum employer on the Australian Workplace Equality Index (AWEI) – the definitive national benchmark on LGBTQI+ workplace inclusion 

• Ranked 3rd place in the AAGE Top Graduate Employers 2024 for medium sized program as voted by graduates 

• Top 20 Workplaces for Dads in 2019 and 2020 (HBF Direct Advice for Dads) 

• Family First accredited employer since 2021 

Apply now 

APPLY NOW and let’s make it happen!  

Click APPLY to submit your application. Successful applicants will need to complete work rights, police and credit checks through our online provider as a condition of employment.  

QBE recognise the value of diverse perspectives and experience. We are committed to an inclusive workplace where everyone feels valued and respected for who they are. If we can provide support with access requirements, alternative work arrangements or you would like to connect with one of our networks please contact us at [email protected]