A leading, vital, and highly respected role offered by the Institute and Faculty of Actuaries’ (IFoA’s) Engagement and Learning Directorate to Fellows, Associates, and Honorary Fellows with experience of setting and marking the IFoA’s exams (or equivalent experience – professional or academic) who would like to be considered for the role of Independent Examiner for the IFoA.
Working closely with our university partners, you will be monitoring and maintaining the quality and standards of university programmes with IFoA exemption agreements, and ensuring that the exemption recommendation process runs smoothly.
This is a senior role that provides holders with a great opportunity for self-development and to build a global network. It comes with a high level of responsibility and as such we take considerable care in the selection process.
Please note: Student members of the IFoA or any other actuarial association will not be considered.
Complete the expression of interest form
During each year of attachment Independent Examiners will:
The tenure is for four academic years (renewed annually). Once appointed, you would be part of a bank of Independent Examiners upon which we can draw each year. The Partnership Manager will confirm university allocation in September of each year.
As a guide, our Independent Examiners have indicated that they devote approximately 1 day per month to this role during the course of the academic year, rising to 7 days per month during the exam period of April – June.
Each September, the bank of volunteers is reviewed and we notify those who will be appointed as an Independent Examiner for that academic year.
Members seeking to be appointed as Independent Examiners should ideally have:
The benefits of becoming an Independent Examiner
If you intend to use the time spent on this activity when recording your CPD, remember it must be relevant to your work or role and address a personal development need. You should record an appropriate learning outcome. This is in accordance with the CPD Scheme.
Mutually agreed services will be outlined in a ‘Schedule of services’ which will be provided to you on a 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 Education Partnership and Lifelong Learning 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’.
The IFoA delivery team is made up of IFoA Executive staff and our volunteer community. Every individual who supports the IFoA, is valued, and is recognised, as part of our volunteer community and works in partnership with the IFoA Executive staff to deliver our strategy and Royal Charter, in line with our values.
At the IFoA, the term “volunteer” includes volunteers (members and non-members: lay), Office Holders, and Self Employed Contractors (paid roles).
Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP). Before offering to provide support, please read through ‘what you need to know’. The key elements will be highlighted to you as part of your contract for services with the IFoA.