Actuarial Analyst

QBE; Leeds; Hybrid; GBP 35,000 - 50,000; Full time

Job summary

A leading international insurer is seeking a highly motivated Actuarial Analyst to join their Capital Modelling team. In this role, you will support the development and maintenance of capital models, ensuring understanding of capital needs and regulatory compliance. Ideal candidates will have a strong analytical background, relevant degree, and experience in the insurance sector. The position offers a hybrid work model with access to various benefits including a pension plan, private health insurance, and more.

Benefits

30 days holiday a year

Flexible working opportunities

Private medical insurance

Pension plan with employer contributions

Cycle-to-Work benefits

Options for short-term remote work abroad

Qualifications

• Degree in Actuarial Science or related field.
• Experience within the insurance sector, preferably general insurance.
• In-depth knowledge of the workings of an Actuarial department.

Responsibilities

• Develop and maintain capital models for understanding capital needs.
• Produce reports and presentations for internal stakeholders.
• Ensure accurate data usage and appropriate actuarial models.

Skills

Strong analytical and problem-solving skills

Proficiency in Excel and analytical tools

Ability to interpret numerical data

Collaboration skills

Interest in capital modelling

Education

Degree in Actuarial Science, Mathematics, Statistics or a numerical field

Tools

Excel

Igloo or other capital modelling software

Job description

Primary Details

Time Type: Full time
Worker Type: Employee

Actuarial Analyst

London/Leeds

Permanent (Hybrid)

About QBE

At QBE we get to the heart of what matters for our work. We do it all with a human touch. We are an international insurer with more than 13,000 people working across 26 countries which gives us the scale of ambition while remaining small enough for you to make a real impact. Our vision is to become the most consistent and innovative risk partner.

What if you could have a positive impact at work and in the world? As part of the QBE team you’ll spend every day with people who are passionate, talented and kind.

The Opportunity

Are you ready to take the next step in your actuarial career? We’re looking for a highly motivated Actuarial Analyst to join our Capital Modelling team. This is an exciting opportunity for someone with a strong analytical background to contribute to key actuarial processes and support the delivery of robust capital modelling solutions.

Our Capital Modelling team operates as a split location team across London and Leeds and we welcome applicants based in either location.

Having the right to work in the UK is a requirement for this role. The company may consider sponsorship at its discretion.

Your New Role

In this role you’ll report directly to an Actuarial Manager and work closely with colleagues across the actuarial function. You’ll play a key part in supporting the development and maintenance of capital models, helping to ensure the business has a clear understanding of its capital needs and regulatory requirements.

Main Responsibilities

• Support the analysis and development of capital models to determine the company’s capital requirements and support QBE’s strategic priorities.
• Assist in producing reports and presentations for internal stakeholders and regulators.
• Ensure accurate data is used and appropriate actuarial models and processes are applied.
• Perform checks and validations to minimise inaccuracies and ensure model integrity.
• Comply with actuarial standards, regulatory requirements and internal policies.
• Collaborate with internal teams to align modelling processes with business needs.
• Support business planning and reinsurance analysis as required.
• Maintain documentation of key processes and support business continuity planning.

About You

You’re someone who thrives in a collaborative environment and is eager to develop your actuarial expertise within a specialist team. 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 are driven to benefit from professional development opportunities, exam support and access to various actuarial tools and technologies.

Skills You’ll Need

• Degree in Actuarial Science, Mathematics, Statistics or a numerical field.
• Experience within insurance, ideally general insurance.
• Strong analytical and problem‑solving skills.
• Proficiency in Excel and other analytical tools; experience with Igloo or other capital modelling software is beneficial.
• Ability to interpret numerical data and communicate findings clearly.
• Organised and able to manage your own workload to meet deadlines.
• A keen interest in capital modelling and progressing towards actuarial qualifications.

Benefits

We offer a range of benefits to support your work life whatever your circumstances. As a QBE employee you’ll have access to and benefit from:

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. These can include part‑time, job share and compressed hours.

Pension – you are automatically enrolled in 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 your 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 look 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 bike and/or accessories up to the value of 5000.

To find out more visit our Rewarding our people – QBE European Operations.

Awards & Recognition

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

Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards.

Insurance Post British Insurance Awards 2025:
Winner: Commercial Lines Insurer of the Year
Winner: Reinsurer of the Year – QBE Re
Winner: ESG Diversity, Equity and Inclusion Initiative of the Year
Winner: Insurance Personality of the Year – Chris Wallace, Executive Director UK insurance

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.

How 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.

Required Experience

IC

Key Skills

SQL, Python, Compliance, Access, Actuarial Models, Actuarial support, Data Collection, PowerPoint, SAP, Tableau, Excel, Mathematics, VBA, Data Analysis, Statistical Analysis

Employment Type

Full‑Time

Experience

years

Vacancy

1