The Institute and Faculty of Actuaries (IFoA) is seeking to appoint appropriately experienced individuals to lead the assessment setting and marking of subjects of the IFoA qualification.
We encourage applications from a diverse range of potential candidates, in terms of, but not exclusively gender, age, disability, and ethnicity, as well as reflecting the geographical spread and practice areas of our membership.
None
Applications will be processed upon receipt.
Complete the expression of interest form
The IFoA is the UK’s only chartered professional body dedicated to educating, developing and regulating actuaries based around the globe. We have a worldwide membership of over 30,000 of which over 50% are student members. 47% of our membership and 64% of our students are based outside the UK, reflecting the increasingly global nature of actuarial practice.
The IFoA Council sets the strategy, with Executive staff responsible for its execution. The Lifelong Learning Board is responsible for the oversight of delivery of specific aspects of this strategy related to the pre-qualification education of actuaries, and their continuing professional development and lifelong learning.
The IFoA qualifications comprise of a number of modules and related assessment subjects. The Board delegates the oversight and assessment of the qualification standards to the Board of Examiners with the Chief Examiner appointed for each assessment subject to execute this.
The Chief Examiner will be expected to:
The Chief Examiner will report to the Board Officers of the Board of Examiners.
The Chief Examiner will be appointed for a period of three years. The tenure may be extended for a further three years by mutual agreement.
The IFoA will also consider alternative tenure lengths with individuals. These arrangements can be discussed on a case-by-case basis during the application process.
The syllabus is updated annually and signed off at Education Committee in January for the following year with the module content prepared for publishing on June 1 each year. Assessment materials are all signed off by the end of February for that year.
The role requires chairing at least one exam paper scrutiny meeting to ensure the assessment material is appropriate and will be delivered by the required deadlines. Participation can be via face-to-face meetings usually in London, by telephone, or conference calls. There will be a requirement to attend the annual examiner's meeting, usually in March.
The role also requires chairing a marking meeting at the start of the marking process each session where markers can discuss and develop a shared understanding of the marking criteria. This will include comparing marks for a small sample of student scripts.
It is anticipated that the Chief Examiner will attend the Module review meeting to discuss and input into the syllabus and module content.
In addition to these meetings, there will be follow-up actions and communications with the examining team and executive staff along with editing, writing, and signing off relevant material.
The total annual time commitment is around 200 hours.
Mutually agreed services will be outlined in a ‘Schedule of services’ which will be provided to you on successful appointment. On successful completion of the services, you will be required to submit an invoice to the IFoA. The IFoA will provide you with a template invoice to use, and this invoice will be processed by a member of the IFoA’s Assessment team. If you wish to view the ‘Schedule of services’ and the applicable terms and conditions, prior to expressing interest in this role, please contact the Quality team. Please note that this role is classified as a ‘Self-Employed Contractor’.
Please also note that every individual who supports the IFoA, be that as a volunteer (member or non-member), or in any other role, including as a self-employed contractor, works in partnership with the IFoA Executive staff to deliver our strategy and Royal Charter, in line with our values. We are extremely grateful to all who form part of this delivery team, collectively known as our volunteers and as such you will have access to volunteer resources, updates, and communications in general. We hope that you find this helpful and valuable to you when delivering your role.
Essential
Desirable
An appreciation of the challenges facing professional bodies.