Project Manager: Group Economic Capital Model

SiriusPoint Ltd.; United Kingdom; On-site; GBP 80,000 - 100,000; Full time

Job summary

SiriusPoint Ltd. is seeking an experienced Project Manager to lead the Group Economic Capital Model project. This pivotal role involves managing key relationships, overseeing project execution, and ensuring successful delivery within timelines. Candidates should possess extensive project management experience, particularly within the insurance sector, and demonstrate proven stakeholder management skills.

Qualifications

• 10+ years’ experience in project management, ideally in insurance.
• Solid understanding of insurance, pricing, and capital management.
• Ability to manage multiple priorities independently and across time zones.

Responsibilities

• Manage critical paths and project timelines for key initiatives.
• Coordinate with various stakeholders and oversee project deliverables.
• Ensure alignment with SiriusPoint's strategic goals and governance.

Skills

Stakeholder Management

Problem-Solving

Project Governance

Education

Bachelor’s degree in a related field

Job description

Who We Are

SiriusPoint is a global insurance and reinsurance company created from the merger of Third Point Re and Sirius International Insurance Group. We are a top global (re)insurer writing a worldwide portfolio of businesses including Accident & Health, Liability, Property and Specialty.

Bermuda-headquartered and listed on the New York Stock Exchange (NYSE: SPNT), we are looking at ways to grow intelligently, underwrite profitably, and drive technology innovation in the insurance industry.

We challenge convention, disrupt the traditional way of doing things, and devise new and better solutions. We strive to be excellent in everything we do, and we always strive to continuously build knowledge and learn beyond our current skillsets.

Project description

The company is building a Group Economic Capital Model (ECM) to drive business planning, capital allocation, pricing, outwards reinsurance, and the measurement of risk-adjusted return. A key model input is a set of underwriting risk distributions for products and risks the company takes which span attritional, large and catastrophe sources of volatility. The objective is to build a fit-for-purpose Group model with version one scheduled for delivery by year-end 2025 and future model versions to be delivered in subsequent phases in 2026 and beyond.

To achieve success, contributions will be required from several teams across the company including: Underwriting, Actuarial (both Pricing and Reserving), Claims, Catastrophe Modelling / Exposure Management, and Information Technology. The build will also be supported by an external consulting partner to drive progress, technical development, and alignment with industry best practice. Given the multitude of key stakeholders and target timeline for delivery, the company is seeking a highly organized, detail oriented and adept project manager to drive forward the initiative and deliver a first-rate product. The successful candidate will focus on delivery in 2025 and early 2026 with the opportunity to continue supporting future phased delivery beyond the initial phases.

Join Our Team

As the project manager for two key projects, Group Economic Capital Model and Attritional Large & Catastrophe Framework, you will have matrix reporting lines to the Head of Internal Modelling for business oversight, the Head of IT PMO for functional oversight, and the Programme Manager for the Exposure Management, Pricing & Capital Modelling Pillar for delivery oversight

Executive Sponsorship will be provided by the Chief Underwriting Officer, Chief Financial Officer, and Chief Actuary. You will also collaborate closely with senior actuarial SMEs, data and enterprise architects, and dedicated delivery teams.

In this role, you will play a pivotal role in driving and coordinating this key project, managing dependencies with other programmes and projects in the transformation portfolio, manage suppliers and ensure the project deliverables align with SiriusPoint's strategic goals. You will oversee the project teams, act as a liaison between contractors, vendors, and SMEs, manage project timelines, scope changes, and mitigate risks and issues across the project.

The role can be based in New York, US or London, UK. Key project and business stakeholders are split between New York and London. The role will require flexibility in terms of working hours to accommodate working with US and UK time zones a minimum of 2 days per week (e.g., early start if EST time zone, starting at 7am or working to 7pm/8pm some evenings if working GMT time zone).

We are open to setting this up as a day rate contract at ~$950-$1,150 per day 1099-NEC / £700-£850 per day outside IR35 due to the specialist nature of the engagement. We are also open to other contracting options.

Key Responsibilities

• Own and manage the critical paths of the Group Economic Capital Model project and work with the Transformation Office to make sure status, dependencies, and priorities are clear to senior leadership across SiriusPoint. This includes
• developing and managing project timelines and milestones, and governance structures (e.g., RACI)
• delivering programme governance alongside monitoring of KPIs and OKRs
• identifying and mitigating project risks; ensuring deliverables meet quality and compliance standards
• managing scope changes through structured approval processes; updating and maintaining documentation
• coordinating communication between external contractors, internal SMEs, and leadership; scheduling regular updates
• Support the dedicated project team (comprised of Sirius Point colleagues and external partners) in
• shaping a high-level design for a future Economic Capital Model and an implementation plan
• driving quick-win build, calibration, and parametrisation activities
• detailing the modelling environment
• delivering a full build of the model, including testing, and an operating model design
• Support the team in designing and implementing an Attritional, Large, Catastrophe framework – leading on all project management activities.
• Develop and maintain strong relationships with key stakeholders, including senior management and vendors – utilize prior experience of IT implementation projects when working with internal SMEs & external partners
• Define and manage accountabilities within the supplier ecosystem, oversee relationships, ensure compliance, and optimize performance
• Manage resources and budget
• Monitor resource allocation and utilization/burn rates
• Report on existing resource utilization and current spending across the project
• Manage forecast, future resource capacity
• Manage forecast, future budget and spending
• Shape and drive selected business change, communication, and engagement activities with key internal stakeholders
• Ensure adherence to projectand change management policy and methodologies, as per PMO guidelines
• Ensure successful closure of the projects and handover to Business As Usual (BAU), including but not limited to training, user onboarding, support transition and ongoing license management
• The candidate should have 10+ years’ experience in project management and experience of project management in the insurance sector

Your skills and abilities should include:

Education and Foundational Knowledge

• Bachelor’s degree in business, finance, computer science, computer engineering, electrical engineering, system analysis or a related field of study, or equivalent experience
• Solid understanding of insurance, pricing, exposure management, finance, capital management, and technology (does not have to be ‘hands on’ technology experience but should be comfortable managing technical teams.)
• Ideally, deep understanding of insurance operations, including policy administration, underwriting, claims handling, financial reporting, compliance, and risk management

Project Management Skills

• Ability to manage multiple workstreams within a project
• Ability to create detailed project plans and adept at managing and adjusting on a daily and weekly basis
• Ability to manage multiple priorities independently
• Ability to adhere to personal deadlines and manage teams to meet deadlines
• Experience in managing and coordinating resources across multiple time zones; working with different geographies and cultures to lead teams toward a common set of project goals
• Experience managing projects that involve partnering with vendors and working across the whole business
• Experience working with security, legal, audit departments, both internal and external
• Ability to align projects with broader business goals and operational needs
• Proficient in implementing effective project governance and KPIs & OKRs

Problem-Solving & Process Expertise

• Strong problem-solving skills with the ability to foresee and address challenges proactively
• Proactiveness in managing project risks and dependencies (within projects, across projects, programmes, and externally), encouraging this discipline across the project teams
• Experience in business process flow management

Stakeholder Management and Communication Skills

• Excellent stakeholder management and communication skills (verbal and written), presentation skills, soft and interpersonal skills
• Ability to navigate complex organisational dynamics; experience working directly with business partners
• Strong capabilities to execute and deliver written project communications, such as writing risk reports, status reports, SteerCo presentations
• Meeting organization skills (setting meeting agendas and facilitating meetings); ability to proactively plan, organize, and execute meetings to achieve desired outcomes

Route-to-live and Business Change Skills

• Experience of taking complex projects live, including preparing and executing “playbooks” for the implementation of people, processes, and technology into production
• Experience in leading projects through critical test phases, including planning, organizing, and leading the testing phase with QA support
• Skilled in implementing business and process changes, including organizing training and introducing new ways of working (incl. agile methodologies)
• Experience in ensuring business readiness and transitioning project work to BAU processes

Leadership Skills

• Ability to lead and motivate others ‘by example’
• Willingness to take accountability and ownership of all aspects of all projects; ability to stay close to the projects while empowering the team to deliver their work
• Strong interpersonal skills, with the ability to effectively address conflicts and issues
• Strengths in escalating when required to help resolve conflicts

United Behind Common Goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career at SiriusPoint.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class insurer and reinsurer, utilizing deep risk capabilities to protect our customers. Blending our talent, expertise and data to provide intelligent risk solutions.

Our culture is one ofperformance and accountability. Our people are our experts, and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.

Our Values are at the heart of our business, and which guide everyday actions and decision making.

• Integrity: Integrity, respect and trust are our core principles
• Customer Focused: Our customers are the reason we exist
• Solution Driven: Creating solutions is our mindset
• Diversity: Diversity, inclusion and allyship make us stronger
• Collaboration: Collaboration drives outperformance
  

Be Yourself

We are building a differentiated culture and approach. We have shared values that drive our behavior and a culture that make it a fun, exciting, and productive place to work and a great partner to do business with. You should be entrepreneurial, pioneering, open and yourself.

We Achieve More Together

We value and support the unique voices, backgrounds, lifestyles, and contributions of a diverse global employee base that contributes to our culture every day. Diversity, Equity, Inclusion, and Belonging (DEI&B) is imperative to our success.

We are building an environment that embeds DEI&B into everything we do and enables us to unlock critical drivers of equality, innovation, and success. We want everyone to be included, valued, respected, and supported to unleash their full potential.