Volunteer vacancies

This page contains details of our current “Volunteer vacancies” - these are primarily opportunities for members of the IFoA. 

View some of the benefits or read a "volunteer experience".

Current Opportunities

Debbie AtkinsOur current volunteer vacancies are listed below.  Click on any of the headings to find out more.  If there is nothing, at present, which is attractive to you, please subscribe via the RSS feed below, to be kept up to date as new opportunities are advertised on this page, and take a look at our Directory of Opportunities, or contact Debbie Atkins, Head of Volunteer Engagement (pictured left), for more information.

 

 

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Thursday, September 4, 2014

 

Our Education Directorate is seeking to hear from Fellows who would like to be considered for the role of Examiner for subjects ST7 and SA3.  This opportunity is suitable for all Fellows, regardless of their location.  We are particularly interested to hear from our suitable qualified overseas members

 

The Role

 

Examiners are appointed by the Profession to help maintain the standards of the Institute and Faculty of Actuaries.

 

The Key Tasks: The requirements for this role are to: 

 

  • help set two exam papers each year in the agreed subject 
  • work as a team on the papers under the direction of the Principal Examiner for the subject 
  • help produce agreed marking schedules (which include the solutions and the allocation of marks) and exam plans for each of the two exam papers
  • amend exam materials (papers, marking schedules and exam plans), in the light of comments during the scrutiny process
  • keep aware of the current syllabus and Core Reading in each subject
  • contribute, if required, to the annual review of the syllabus and Core Reading for each subject
  • attend a marking meeting for the paper with which they are involved
  • review the marking schedule in the light of comments received from Assistant Examiners and the Education Actuary
  • help third mark borderline scripts
  • help agree the pass lists with the Principal Examiner for the subject
  • adhere to agreed time schedules for all parts of the exam process
  • assist, if required, with the consideration of appeal cases and prepare required reports
  • attend the annual Board of Examiners meeting/training day.

 

Support:  Administrative support for the role will be provided by the Logistics Team, a handbook will be provided containing full details of the role and responsibilities.

 

Time Commitment and Tenure

 

Exam Setting:  the main activity takes place from September – January, there will be approximately 3 meetings plus individual time to work on the papers as required by the drafting process.

 

Exam Marking:  Twice a year April – June and September – November, as an Examiner you will mark the 5 test scripts, attend the marking meeting 7 days following the exam, be available for third marking, attend the Board of Examiners meeting before the release of the results.   .

 

How to apply:  If you would like to be considered as an Examiner please contact Debbie Atkins, Head of Volunteer Engagement, with brief details of your relevant skills and experience to undertake this role, please include details of your preferred subject area. *Professional Development Responsibility (PDR) – please note this is one of a number of opportunities whereby members can offer to provide ‘paid’ support for a fixed service.  View details about our PDR.

 

 

Wednesday, August 27, 2014

The Life Board is seeking to hear from members who are actively engaged with implementing Solvency II within Life Assurers as part of their day jobs and who would like to volunteer to join this committee and to support the IFoA’s work on consultations relating to Solvency II.

 

Time Commitment and Tenure:  This will very much depend on the workload for each individual consultation and the extent to which members are already familiar with documents.  It is anticipated that this will be in the order of 4 hours a month (1 hour on conference calls, 2 hours reviewing consultations, 1 hour drafting responses).

 

In the short term, we are urgently seeking input into:

 

  • the EEA’s response regarding EIOPA guidelines (Target mid August) and
  • we anticipate a PRA consultation over the summer on final round of implementing measures. 

 

We are looking for around 10 volunteers to join this group and to support the work which is being carried out by the existing Subcommittee.  

 

Skills and experience:  Applicants should be familiar with and interested in helping to shape the remaining issues relating to Solvency II.  They will need to be able to analyse consultation documents and recommend points for the IFoA to make in response to any questions asked in these documents.

 

Experience of practical implementation of Solvency II in a life insurer would be helpful.  The IFoA is particularly keen to ensure that the views of actuaries are feed into issues relating to Pillar 1, ORSA and systems of governance.  Wider experience within insurance will help ensure comments reflect a broad context.

  

How to offer support:  If you feel you have the relevant skills and experience and would like to volunteer to join this group, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide brief details of the ways in which you are actively engaged with implementing Solvency II within Life Assurers and an indication of the areas of Solvency II which most interest you.  All expressions of interest will be considered by the two Co-Chairs of this committee along with Paul Shelley, Policy Manager for the IFoA.      

 

 

Monday, August 25, 2014

 

The Chair of the Life Board is seeking to appoint 3 new members to this important Board.

 

The roles are for the following:

 

  • a Deputy Chair who will, in two years time, succeed him as Chair of this important Board.  The Deputy Chair is a key role on this influential Board and candidates should demonstrate the ability to look across the practice area and work with both the Chair and other committee members to drive the output of the Board and its various committees and to meet the needs of the Life constituency
  • a member of the Life Board with a special interest in Education.  This member of the Life Board will also become the Life Board representative on the IFoA’s Education Board
  • a general member of the Life Board.

 

View the Task and Person Specification for Deputy Chair

View the Task and Person Specification for Member of the Board: with a special interest in Education

View the Task and Person Specification for Member of the Board

 

View Terms of Reference

 

How to volunteer: If you feel you have the skills, experience, and time, to devote to one of these roles, please contact Debbie Atkins, Head of Volunteer Engagement. When contacting Debbie, please indicate which of the three roles you wish to express an interest in taking on.  Please also provide a note of your relevant experience and a note of your reasons for wishing to volunteer in this way.  A note of your ARN would also be helpful.  If you are applying for the role of Deputy Chair please also provide details of any experience you have had in terms of chairing a committee and/or Subcommittee within the IFoA. 

 

 

Monday, August 25, 2014

 

The Life Standards and Consultations Subcommittee is seeking to appoint two additional members to join this group.  One in the role of Deputy Chair.

 

This group works with the IFoA’s Executive staff to consider consultations which have been delegated to it and drafts responses as appropriate, in accordance with the IFoA’s consultations process.  The aim is to work collaboratively with other Boards/ Consultation Subcommittees as appropriate to ensure responses represent the wider IFoA’s views and to participate and liaise with other organisations and external working parties as appropriate.  This Subcommittee also provides input to help the IFoA ensure the development and maintenance of robust technical and ethical standards and non-mandatory resource material for the practice area.

 

View the Life Standards and Consultations Subcommittee Terms of Reference  

 

View Task and Person Specification for a Member of this Subcommittee

View Task and Person Specification for the Deputy Chair  

View our Volunteer Guide to Consultation Responses

 

Time commitment and tenure:  For members of this committee it is a three year tenure, and for the Deputy Chair it is a two year tenure with a further two years in the post of Chair.  Meetings are held quarterly in London and attendance by conference call is possible.  The quarterly meetings are usually two hours in length.  Outside of the meetings subcommittee members are asked to contribute to relevant IFoA consultation responses and engage with key external stakeholders on policy matters.

 

How to offer support:  If you are a Fellow or Associate member of the IFoA with a broad experience in the Life industry, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please indicate which of these two roles is of interest to you and provide brief details of your relevant experience.  Please highlight any recent product/marketing experience which you may have as this will be particularly valuable.

 

All expressions of interest will be considered by the Chair of the Life Standards and Consultations Subcommittee and it is hoped that a decision will be made by early September.

 

 

Tuesday, August 26, 2014

We are looking for members to express an interest in volunteering for each of the following roles:

 

  • Chair
  • Deputy Chair
  • Member/s of the Conference Programme Committee

 

Do you work in the pensions practice area?  Would you like to help influence the topics and speakers that are selected for the 2015 conference and to shape it into a premier event?  If so, please consider volunteering to join this committee for the coming year.

 

We are seeking proactive volunteers who wish to contribute to the content of the programme and who have ideas for making this a relevant, and premier, information resource and networking platform.   We are keen to hear from all members who feel they could contribute and who have ideas they would like to share.

 

In addition to seeking committee members for the 2015 committee, we are also seeking to appoint a Deputy Chair and Chair of this committee for the coming year.  The Deputy Chair will use their time in post  to shadow the Chair and prepare for their year as Chair of the Committee in 2016.  Please take a look at the Task and Person Specifications for each of the following roles:

 

 

An exciting time to be involved in pensions? - this is what Steve Webb, Pensions Minister, had to say in the May 2014 BA Business Life Magazine…

Q:  “You’ve been a pensions specialist for many years.  Do people still yawn at the word “pensions” or has it got better?

A:  “Well, what I say at conferences now is that when people know you are a pensions specialist they want to sit next to you at dinner parties!”

 

How to get involved:  If you have ideas you would like to share and would like to offer your assistance and to be considered for for of these roles for 2015, please contact Debbie Atkins, Head of Volunteer Engagement.   When contacting Debbie, please indicate which role/s are of interest to you and can you also please provide brief details of your background and experience and outline what particular contribution you feel you could make to the Conference Programme Committee. Your ARN, if you have one, would also be helpful.  All expressions of interest will be considered by a selection panel made up of IFoA Executive staff and the Chairs of both the Pensions Board and the Pensions ECPD Committee.

 

 

 

Wednesday, September 17, 2014

The Pensions Consultations Subcommittee is seeking to appoint two additional members to join this group - one in the role of Deputy Chair. The Subcommittee membership comprises of DB pensions actuaries in technical support roles and client facing roles; new volunteers are welcome from either background.

 

This group works with the IFoA’s Executive staff to consider relevant consultations and draft responses to them in accordance with the IFoA’s consultations process.  These responses need to have regard for technical and legislative background, practical implications and the public interest.

 

The Subcommittee works collaboratively with other Boards/Consultation Subcommittees as appropriate, to ensure responses represent wider IFoA views. Subcommittee members are also asked, with support from the Executive, to participate in meetings with external organisations to support IFoA stakeholder engagement.

 

View the Pensions Consultations Subcommittee Terms of Reference

View Task and Person Specification for a Member of the Pensions Consultations Subcommittee

View Task and Person Specification for the Deputy Chair of the Pensions Consultations Subcommittee

 

View our Volunteer Guide to Consultation Responses

 

Time commitment and tenure:  For members of this committee it is a three year tenure, and for the Deputy Chair it is a two year tenure with a further two years in the post of Chair.  Meetings are held every two months in London and attendance by conference call is possible.  The two-monthly meetings are usually two hours in length.  Outside of these meetings ad hoc conference calls might be arranged dependent on workload. In addition, subcommittee members are asked to, with support from the Executive, contribute to relevant IFoA consultation responses and attend meetings with key external stakeholders on policy matters.

 

How to offer support:  If you are a Fellow or Associate member of the IFoA with experience in the DB pensions practice area, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide brief details of your relevant experience and your reason for wishing to take on this role.  A note of your ARN would also be helpful.

 

All expressions of interest will be considered by the Chair of the Pensions Consultations Subcommittee and it is hoped that a decision will be made by the end of September. 

 

 

Tuesday, September 2, 2014

 

The Finance and Investment Research Subcommittee is setting up a new working party for Investment Actuaries.  This working party will be Chaired by Fellow, Gordon Bagot and it will review current Investment Performance Presentation Standards, and investigate alternatives.

 

Background: Current methods of presenting historical investment performance returns and comparative analysis are not easily adaptable for the investor with regular cash flows, for example the investor saving monthly. Current methods tend to rely on the use of Time Weighted Returns (TWR).

 

Into the future: 

  • Projections rely upon the assumption of a particular rate of return continuing into the future, sometimes with variations around it
  • Assumptions are made about expense rates, whose effects are difficult to quantify accurately, leaving the underlying investment selection skills of the manager even more difficult to assess. The concept of Total Expense Ratios (TER) is being used but cannot capture all expenses
  • The introduction of any form of risk analysis, if based upon the generally accepted use of standard deviation of actual returns from benchmark returns does not account for what can be very different amounts of money in a portfolio.

 

In summary:  investors are poorly informed of returns, comparative returns, risks undertaken in the past, risks into the future and the effect of costs reducing those expected returns.

 

The Finance and Investment Research sub-committee is therefore seeking to appoint members to join this “Investment Performance Standards” working party.

 

The aims and objectives of this Working Party will be to:

  • Identify existing methods of presenting past and future investment performance results
  • Identify current methods of incorporating risk analysis into reports
  • Investigate alternative, more accurate and informative methods.

 

Target user of alternative(s):

  • This work and any output is particularly meant for the “retail” investor, the man or woman who now has to make individual decisions about long term investment for their pensions or other savings products
  • “On-line” modelling is a possibility to allow financial planning for these prospective pensioners and savers.

 

Time Commitment and Tenure: It is anticipated that this group will meet quarterly from inception, with proposals and recommendations within a year. Meetings will be held in Edinburgh, with attendance by conference call welcomed.

 

How to offer your support:  If you would like to volunteer to be considered as part of this working party, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a brief note of your relevant experience and your reason for wishing to be involved.  All expressions of interest will be followed up by the Chair of this working party and depending on numbers, he will make his selection based on relevant experience.  He hopes to be in a position to confirm selection before the end of September.

 

 

Thursday, August 28, 2014

 

The Institute and Faculty of Actuaries, (IFoA), has set up a new Board with responsibility for sustainability issues, including but not limited to resource depletion and environmental issues such as climate change.

 

The IFoA is seeking to appoint an enthusiastic, innovative and committed volunteer to join this important Board as Deputy Chair.  They will be someone who has a real desire to lead and influence the outputs of this emerging practice area, and build on the work carried out over the last few years by the Resource and Environment Member Interest Group (REG MIG).

 

The Deputy Chair will be appointed with a view of progressing to the role of Chair in September 2015, at the start of the 2015/16 session.

 

Skills and Experience:  Prior work experience in this area is not a requirement; the deputy chairs could be from any existing actuarial area.  However, prior knowledge of resource and environment issues would be an advantage.  

 

View detailed Task and Person Specification 

 

View Terms of Reference for the Resource and Environment Board 

 

Time Commitment: 1 - 1.5 working days per month.  This is made up in attendance at committee meetings and follow up actions/consultations.  There will be 6 meetings per year, usually held in Staple Inn Hall, London.  Physical attendance is preferred for the Deputy Chair, particularly if chairing meetings, but conference call is available.  

 

Having read the above, if you feel you have the relevant skills and experience and would like to take on one of these roles, then please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie, please provide a brief overview of your relevant skills and experience and the reason you would ideally like to take on this role.  A note of your ARN would also be helpful.

 

 

Thursday, August 28, 2014

A new working party, focusing on issues relating to “Climate Change” is currently being established by the General Insurance, and Resource and Environment Boards. 

 

Background:  

  • The Resource and Environment and General Insurance Boards have agreed the need for a  climate change working party, covering all areas of actuarial practice
  • This working party will build on the comprehensive work of the General Insurance climate change working party which reported and disbanded in 2007.  See: http://www.actuaries.org.uk/research-and-resources/documents/impact-climate-change-non-life-insurance
  • The working party will focus on a broad range of topics covering all practice areas likely to be effected by climate change including, but not limited to: impacts on general insurance risks; mortality and morbidity; the effect on risk, growth and investment (including “asset stranding”) of government (and regulatory) actions to adapt to and mitigate the effect of climate change; and opportunities for actuaries being created by these changes
  • The working party will overview current work in this area both in the UK and overseas
  • The working party will consider current scientific opinion on the extent of climate change and the tail risks.

 

Time commitment and tenure:    The initial plan is for this working party to deliver a presentation at GIRO 2015 and subsequently to take this presentation to other IFoA Practice Area Conferences in late 2015 and spring 2016.   An initial scoping meeting will be held during September to agree the terms of reference for this group, based on the above.  Meetings will be held monthly and attendance will be possible by conference call.  Timing of the meetings will be agreed at the first scoping meeting.  As the Board are keen to encourage international members to get involved, time zones will be taken into consideration when determining the best time for the group to meet.

 

How to get involved:  We are keen to hear from anyone who has a desire to lead the change in attitude toward climate change.  If you feel you have the relevant skills and experience please contact Debbie Atkins, Head of Volunteer Engagement, to express an interest in getting involved.  When contacting Debbie please provide the following details:

  • A brief outline of your relevant skills and experience
  • A note of the actuarial practice area (or other professional area) within which you work (we are particularly keen to hear from members working in General Insurance or Risk Management but all areas are relevant)
  • Any experience you may have in terms of the impact of climate change, either through work or research
  • If you are a member of the IFoA, please provide a note of your ARN
  • Please also indicate whether you would like to be considered for the role of Chair of this group.

 

All expressions of interest will be considered by the General Insurance and Resource and Environment Boards.

 

 

Thursday, September 11, 2014

 

The Chair of this working party has identified a gap in the group’s skills and experience and therefore, to complement the current group, she is now seeking the support of three additional members to join this group.  These members will ideally be: 

  • A pensions actuary
  • A life actuary
  • A member with CRO experience.

 

Aim:  This working party has been created to try to understand how herd mentality impacts upon the work which actuaries undertake.  The group aim to explore how this basic human trait affects our judgements and its consequences e.g. adopting an assumption that falls within a range of benchmarks when an alternative would be just as appropriate.

 

Scope of the working party:  

  • Compile a list of herd like behaviours in the actuarial field
  • Understand how each arose
  • Quantify the impact where possible
  • Design and undertake experiments to demonstrate the ‘Herd Effect’ and quantify the impact
  • Understand whether the status quo needs to change
  • If there is a need to change then discuss what can be done differently.

 

Time Commitment:  This is flexible depending on the individual’s other commitments.   We anticipate allowing 1.5 hours for fortnightly meetings (by conference call or in person) and interim correspondence.

 

If you would like to express an interest please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide brief details of your reasons for wishing to be involved and a note of what you feel you could bring to this working party.  Please also indicate which practice area (out of the three noted above) is your area of expertise.  A note of your ARN would also be helpful.  All expressions of interest will be considered by the Chair of this Working Party.

 

 

Thursday, August 28, 2014

A new working party is being established with the overall objective to be a source of knowledge and expertise within the Institute and Faculty of Actuaries (IFoA) on matters relating to flood with a particular focus on the UK.

 

Specific Objectives:

 

  1. To develop the profession’s position on UK flooding – including but not limited to insurance matters (this would cover affordability, availability and related matters such as resilience and planning)
  2. To produce reference material for UK actuaries when considering flood in pricing, capital modelling, reserving or related areas such as:
    1. Relevant factors to consider when selecting and using a model
    2. Variety in flood events
    3. Considering climate change

 

Building on the body of previous work:

 

  1. To improve the understanding of flood risk amongst the industry, government and public including:
    1. Producing a GIRO paper (2015) (and digestible summary) to raise awareness amongst the profession of flood related issues
    2. Making the working party findings available to the wider insurance community and to inform debate, via participation in third party events
    3. Press releases in coordination with the Third Party Communication and GI Consultations Working Party and the IFoA’s public affairs team.
  2. Gather data and opinions from the industry to inform the above
  3. To work with industry bodies to report on market developments (availability and affordability of flood insurance) following the expected launch of Flood Re in mid 2015

 

The Chair of this working party is Fellow, Stephen Cox and he is seeking to recruit between 3 – 12 members to join him in researching this topic.

 

We are seeking to hear from members of the IFoA who have an awareness of customer interaction with insurance and of public policy.  Ideally, we would like this group to comprise a broad mix of skills. 

 

Time Commitment and Tenure:  It is estimated that members will be asked to devote a day per month to the research for this working party and to dial in, or attend, meetings as required.  Meetings will be held in London but attendance by conference call is available.    It is estimated that this working party will be formed in September 2014 and will present findings at GIRO 2015. 

 

How to get involved:  If you would like to offer your support please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a note of your relevant experience and brief reasons for wishing to become involved.  A note of your ARN would also be helpful.  All expressions of interest will be considered by Stephen Cox and a decision will be made by early September.

 

 

 

Tuesday, September 2, 2014

The Regulation Board is seeking to appoint one new member to join this important Board.  This senior appointment will complement the skills and expertise of the current members of the Regulation Board. 

 

This member should have considerable experience in General Insurance matters and be aware of, and able to speak up about, the issues which might affect this practice area.  Ideally this member will also have served as a senior volunteer on an Institute and Faculty of Actuaries (IFoA) committee or as Chair of a working party.  It would be a considerable advantage if this member has held a GI Board (formerly Practice Executive Committee) volunteer role in the last 3 – 5 years.

 

The Regulation Board is responsible for the IFoA's regulatory framework and strategy, which underpins its public interest function.  As such the Board plays a central role in overseeing our relationship with the Financial Reporting Council (FRC), as our regulatory oversight body.  The Board has a significant and stimulating work plan to maintain and further develop our regulation policy in both a national and international context. The challenges and demands on the Board are complex, interdependent and fast moving. 

 

The Board meets 6 times a year, usually in London and occasionally in Edinburgh.

 

Skills and Experience: We are looking for an experienced GI practitioner to join the Board who can bring their experience as a current practitioner to the work of the Board in setting regulation strategy and policy that is proportionate and effective in meeting public interest expectations.  In addition to GI experience, experience of working collegiately on senior level boards, especially the GI Board is desired.   A willingness to participate in sub-committees or ad hoc working groups established to deliver Regulation Board projects is essential.  The Board strives to maintain a balance of practice area representation and specialists are currently particularly sought from the General Insurance area.  The Board is chaired by a lay chair and includes other lay representation.

 

Current projects include:  

  • The development of cross practice standards on peer review and the role of the actuary as expert witness
  • A new standard setting out our approach to the international application of standards
  • A Quality Assurance Scheme targeted at employers to promote the quality of actuarial work 
  • A review of the IFoA’s Ethical Standards Framework
  • Review and  alignment of the IFoA’s CPD and Professional Skills Training regimes

 

Time Commitment and Tenure:  It is estimated that the time commitment will be approximately 1-2 days per month.  To encourage continuity, it is hoped that members of the Regulation Board will be able to undertake a 3 year appointment, which can be renewable, by mutual consent, for a further 3 years.  This GI representative will also liaise with the GI Board and may be asked by the Chair of the GI Board to attend some of these meetings. 

 

Applications:  If you are a Fellow or Associate of the Institute and Faculty of Actuaries, with considerable GI experience as described above, and would like to offer your assistance and to be considered for the Regulation Board or would like to find out more, please contact Debbie Atkins, Head of  Volunteer Engagement. When contacting Debbie, please provide a note of what you feel you can bring to the role and a brief synopsis of your relevant background and experience. A note of your ARN would also be helpful.  All expressions of interest will be considered by the Chair of the Regulation Board and the IFoA's General Counsel. 

 

Wednesday, September 3, 2014

 

We are seeking to appoint proactive, innovative volunteers with an interest in professional discipline and standards to take on the roles of volunteer actuaries of our Investigation Actuaries Pool.

 

Background: Investigations under the Institute and Faculty of Actuaries (IFoA) Disciplinary Scheme are undertaken by a team of three, comprising an Investigation Actuary, a Case Officer (from the IFoA’s Disciplinary Investigation Team) and a legal adviser ( from the IFoA’s retained legal advisers). The Case Report is presented in the name of the Investigation Actuary, so it is vital that he or she is fully engaged in the process throughout.

 

View Task and Person Specification for details

 

If you are interested in being considered as a member of the IFoA’s Investigation Actuaries Pool please contact Debbie Atkins, Head of Volunteer Engagement. When contacting Debbie please provide details of your relevant experience and a note of your reasons for wishing to volunteer for this role. A note of your ARN, or membership of another professional body, would be most helpful. All expressions of interest will be considered by the Disciplinary Appointments Committee at their next meeting after the offer of support is received and you will be advised when a decision will be taken.

 

Thursday, November 20, 2014

We are seeking to appoint proactive, innovative volunteers with an interest in professional discipline and standards to take on the roles of volunteer actuaries of the IFoA’s Disciplinary Pool.

 

View Task and Person Specification for details

 

If you are interested in being considered as a member of the IFoA’s Disciplinary Pool please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide brief details of your relevant experience and a note of your reasons for wishing to volunteer for this role.  A note of your ARN, or membership of another professional body would be most helpful.  All expressions of interest will be considered by the Disciplinary Appointments Committee at their next meeting after the offer of support is received and you will be advised when a decision will be taken.

 

 

Friday, September 5, 2014

 

The Institute and Faculty of Actuaries (IFoA) Education Directorate is seeking to hear from about 90 newly qualified members who would like to volunteer to take on the role of Guinea Pig 1 (GP1).  To express an interest members must have recently passed all of the examinations required to transfer to the class Fellow i.e. within the last two years.  GP1s are involved in checking the first draft examination material during October/November for the next calendar year.  We are particularly keen to ensure that those undertaking this role represent the diversity of our membership.

 

View Task and Person Specification

 

How to get involved:  If you would like to be considered as a Guinea Pig 1 please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide her with brief details of your relevant skills and experience to undertake this role, together with an outline plan of how you would undertake this role if appointed.  The closing date for expressions of interest is Friday 5 September.

 

*PDR - Professional Development and Responsibility: In addition to the traditional volunteer roles and tasks which our members undertake each year, there are also a number of other opportunities whereby members can offer to provide “paid” support for a fixed service.  These opportunities are not by definition, “volunteering” roles.  However, we recognise that the fee paid is nominal and we, as a profession, are therefore extremely grateful to, and reliant on, those members who  provide this service to enhance and develop our profession.  Any member wishing to be considered for these opportunities can identify them on the "volunteer vacancies" webpage by reference to [PDR] in the title. 

 

 

Monday, September 29, 2014

Our Education Directorate are seeking to hear from Fellows, Associates and Honorary Fellows who already have experience of setting and marking the Institute and Faculty of Actuaries' exams (or equivalent experience) and who would now like to be considered for the role of Independent Examiners for the IFoA. 

 

This is a very senior and an important appointment and as such we take considerable care in the selection process. 

 

The Role:  Independent Examiners are appointed by the IFoA to assist in monitoring the quality and standards of accredited university degree programmes and university degree programmes with exemption recognition agreements.  They report to our Accreditation and Verification Manager and ultimately to the Education Committee.  For those appointed to acrredited programmes you will be invited to attend an annual review meeting. 

 

The Key Tasks:  Each September, we look at the “bank” of volunteers and notify those who are to be appointed as an Independent Examiner for that academic year.  If you have not been contacted by the end of September, you can assume you have not been chosen for that academic year.  The appointment is for one academic year and you will be assigned to a specific university. After that year, you will go back into the “pool” of Independent Examiners which we retain in this “bank” of names.  During that year you will be asked to:   

  • Review and comment on draft exam papers and course materials.
  • Meet with the university to which you have been assigned.  
  • Attend the university’s Exam Board at the end of the exam period to agree lists of students recommended for exemptions.   
  • Attend the IFoA’s annual review meeting for accredited university programmes.   
  • Attend the IFoA’s Independent Examiners meeting.  (Members may dial in, if preferred).

 

Support:  Once appointed, as a new Independent Examiner, you will receive training and will be paired up with a mentor.  All out of pocket expenses will be reimbursed.

 

Time Commitment and Tenure:  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.   The tenure is for one academic year, with a maximum term (renewed annually) of four years for any one programme.   Once appointed, you would be invited to join a “bank” of volunteers who make up a “pool” upon which we can draw, each year, when appointing our Independent Examiners. 

 

It is important to us to have the right balance of practitioners and academics each year and therefore we are keen to build up a good “bank” of support upon which we can draw.

 

How to apply:  If you would like to be considered as an Independent Examiner, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie, please provide a note of your ARN and give brief answers to the following 3 questions:  

  1. We are keen to appoint members who have experience both in actuarial practice and academics involved in teaching actuarial science courses and it would be helpful if you could highlight your relevant experience and provide an indication of your experience in setting and marking the IFoA’s exams, or equivalent.  
  2. It is important that our Independent Examiners have a good working knowledge of the IFoA’s current exam syllabus and structure, please outline your perception of the latest developments.
  3. Please give brief details of what you feel are the greatest strengths of the IFoA’s exam syllabus and structure. 

 

All expressions of interest will be considered by the Education Committee at their next meeting after the offer of support has been received.

 

 

* Professional Development and Responsibility (PDR) - please note, this is one of a number of opportunities whereby members can offer to provide "paid" support for a fixed service.   View details about our PDR.

 

 

 

 

Thursday, September 25, 2014

Our Education Directorate is seeking to hear from Fellows who would like to be considered for the role of Exam Counsellor, for the subjects CA1 and CA3.  This opportunity is suitable for all Fellows, regardless of their location.  We are particularly interested to hear from our suitable qualified overseas members.

 

The Role:  Exam Counsellors are appointed by the Profession to help students understand and improve their performance in a particular examination subject.  This is for the ST, SA and CA Subjects.

 

The aim of the exam counselling service is to help students understand:

  • Reasons why they failed the paper
  • How to improve their examination performance in their specific subject
  • How to improve their examination technique generally.

 

There are three types of counselling service provided for students:

  • Meeting – typically 60 -90 minutes
  • Written report only
  • Written report with option of a follow-up telephone call.

 

The Key Tasks:  You would need to be available for exam counselling meetings, especially during busy periods in July, August, December and January, to offer at least two days for each exam session based at one of the three office locations.

 

During the year you will be asked to:

  • Provide available dates and locations that you can attend the Exam Counselling meetings
  • Take on both Meeting and Report applications and review the student’s exam paper, provide a comprehensive written report for the student to help them with their next exam sitting.

 

Support:  Administrative support for the role will be provided by the Education Services Team, and a handbook will be provided containing sample reports as a guide.  Training will be provided for this role.

 

Time Commitment and Tenure:  You should set aside approximately 2 hours preparation time per report.  You should also allocate time to familiarise yourself with the subject paper and examiner’s report.  In order to undertake the role we will ask you to prepare some sample reports for peer review and observe one of the meetings, with an experienced Exam Counsellor.  We would expect you to be added to the bank of Exam Counsellors for a two year period, and at the end of this period we will contact you to agree on further periods.

 

How to apply:  If you would like to be considered as an Exam Counsellor please contact Debbie Atkins, Head of Volunteer Engagement, with brief details of your relevant skills and experience to undertake this role.  Please also include details of your preferred subject area.

 

*PDR - Professional Development and Responsibility: In addition to the traditional volunteer roles and tasks which our members undertake each year, there are also a number of other opportunities whereby members can offer to provide “paid” support for a fixed service. These opportunities are not by definition, “volunteering” roles. However, we recognise that the fee paid is nominal and we, as a profession, are therefore extremely grateful to, and reliant on, those members who provide this service to enhance and develop our profession.  Any member wishing to be considered for these opportunities can identify them on the "volunteer vacancies" webpage by reference to [PDR] in the title.

 

 

Friday, September 19, 2014

 

With the launch of the Institute and Faculty of Actuaries’ (IFoA) new qualification, in 2014, we are seeking the support of qualified members who are willing to become Moderators for Module 4 – Short Term Actuarial Mathematics.

 

The Module 4 exam will be developed in conjunction with Pearson VUE, a leading provider of Computer-Based Assessments world-wide. The exam will consist of multiple choice items for which a bank of items will be built by the Item Writers. These questions then need to undergo a two stage review process which will be carried out by the Moderators as well as the Module 4 Principal and Assistant Examiners.

 

View Task and Person Specification

 

Time Commitment and Tenure:  This appointment is initially for a period of six months and there is a possible opportunity to continue for a further two years.  The time commitment is likely to be approximately 36 hours broken down as follows:

 

November 2014 until the middle of December 2014   

  • Meetings:  6 hours (two meetings, three hours each)
  • Individual work: 15 hours

January 2015

  • Meetings: 3 hours (one meeting, three hours)
  • Individual work: 12 hours

 

If you are a Fellow or Associate of the IFoA with a knowledge of Module 4 syllabus topics on Short Term Actuarial Mathematics (based loosely on CT6) please consider getting involved.

 

To offer support, or to find out more, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie, please provide details of your experience in this area plus a note of any previous examiner experience, if applicable.  All expressions of interest will be followed up and will be considered by Robert Jelly, Head of Learning and Development at the IFoA.

 

PDR - In addition to the traditional volunteer roles and tasks which our members undertake each year, there are also a number of other opportunities whereby members can offer to provide “paid” support for a fixed service.  These opportunities are not by definition, “volunteering” roles.  However, we recognise that the fee paid is nominal and we, as a profession, are therefore extremely grateful to, and reliant on, those members who  provide this service to enhance and develop our profession.  Any member wishing to be considered for these opportunities can identify them on the "volunteer vacancies" webpage by reference to (PDR) in the title.

 

 

Friday, August 22, 2014

 

With the launch of the Institute and Faculty of Actuaries’ (IFoAs’) new qualification, in 2014, we are seeking the support of qualified members who are willing to become Item Writers for Module 4 – Short Term Actuarial Mathematics.

 

Module 4 is a multiple choice exam for which we need to build up a bank of questions.  Item Writers are responsible for writing the questions to be used in the exam.

 

View Task and Person Specification

 

If you are a Fellow or Associate of the IFoA and, having read the Task and Person Specification, you would like to offer support, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a copy of your CV including details of your relevant skills and experience.  A note of your ARN would also be helpful.  All expressions of interest will be considered by the IFoA’s Head of Learning and Development.

 

*This opportunity falls within the IFoA’s Professional Development and Responsibility (PDR) roles.  In addition to the traditional volunteer roles and tasks which our members undertake each year, there are also a number of other opportunities whereby members can offer to provide “paid” support for a fixed service.  These opportunities are not by definition, “volunteering” roles.  However, we recognise that the fee paid is nominal and we, as a profession, are therefore extremely grateful to, and reliant on, those members who provide this service to enhance and develop our profession.  Any member wishing to be considered for these opportunities can identify them on the "volunteer vacancies" webpage by reference to (PDR) in the title.

 

 

Tuesday, September 16, 2014

The Chair of the CERA (Chartered Enterprise Risk Actuary) Review Panel is seeking to appoint a Fellow to become a member of the External Reviewers. 

 

We are therefore seeking to hear from Fellows of the Institute and Faculty of Actuaries who have:  

 

  • experience of Risk Management at a senior level and/or experience of teaching/examining ST9 or an equivalent university course
  • a good understanding of the CERA Risk Management syllabus   
  • an ability to review the quality of delivery   
  • an understanding of the importance, and a commitment to produce, reports on time

 

Tenure and Time Commitment:   It is hoped that volunteers will take on this role for a period of three years to provide continuity in the appointment.  The time commitment will be minimal and is likely to include attendance (by phone) at a one hour monthly meeting, plus attendance from time to time on occasional review groups. These will be desk based reviews using information supplied by the association under review.  The purpose of the reviews is to ensure quality standards are maintained for the CERA award by all associations accredited to offer it. You would be part of a team of 2 or 3 reviewers in each case and would not be expected to be involved in more than 1 (or exceptionally, 2 ) reviews in any one year. There are initial, annual and triennial reviews conducted on behalf of the CERA Board by the CERA Review Panel.

 

Applications:  If you would like to volunteer to be considered for this volunteer role, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie, please provide a brief outline of your relevant experience and a note of your ARN.   All offers of support will be considered by the Chair of the CERA (Chartered Enterprise Risk Actuary) Review Panel and will be progressed when received rather than waiting for the closing date.

 

 

Thursday, September 18, 2014

Actuarial Department of one of the Insurance companies in Sri Lanka, in Colombo, has approached the Institute and Faculty of Actuaries (IFoA) to seek assistance with the following two projects:

 

1.     Asset Share  – to be delivered in Sri Lanka:  Any Fellow or Associate of the IFoA who has practical experience of using the Prophet software to do work on asset shares and who could teach them how to use this in practice, to manage bonus policy, and terminal bonus in particular, is encouraged to consider volunteering for this international volunteer task.  Timescale and costs:  If you have this expertise and would like to provide support they will cover the cost of your air fares and hotel accommodation in Colombo and would be glad if the volunteer could  come for a week, but 3 days would be sufficient, if time is an issue.  If this volunteer was able to stay for a week and also to teach a couple of days on embedded value that would be highly appreciated.

 

2.    Tutoring in SA2 – to be delivered in London, next April  The second volunteer opportunity would be in London - to assist a student of Sri Lanka with some one-to-one tutoring on IFoA exam SA2, the aim being to assist her to pass SA2 at the sitting  April 2015, this being her one remaining exam.  The assignment would be to spend a number of hours over the couple of weeks before the SA2 exam in April 2015 helping her to revise and guiding her to a better understanding of the SA2 syllabus and related exam technique.

 

How to offer support for either or both of these opportunities:  If you are interested in being considered for either or both of these volunteer roles, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please clearly state whether you are interested in one or both of these volunteer roles and provide details of your relevant experience.  All expressions of interest will be followed up by the Chair of the International Education Board and the Director of Education.  These offers of support will be dealt with as received, rather than waiting until after the closing date.

 

 

Monday, December 15, 2014

If you would like to volunteer to deliver a talk at a Regional Society event,  please contact Debbie Atkins, Head of Volunteer Engagement.  

 

When contacting Debbie, please provide brief details of the topic and content of your proposed talk and a note of the geographical location/s which might be of interest to you.  Full details of our current Regional Actuarial Activities can be viewed on our website under the Member tab.

 

In addition, details of how to recommend a speaker, or to volunteer to be considered as a speaker, at one of the future IFoA events or residential conferences can be found here.

 

 

 

Wednesday, September 17, 2014

As part of our digital strategy, the Institute and Faculty of Actuaries (IFoA) is engaged in a range of digital projects. 

 

To help us with this, we have set up a Digital Volunteer Group -  a group of people of all membership categories to be our experts in bringing forward ideas, commenting and guiding us through these projects so that the outcomes will truly reflect our members needs. 

 

There are no formal criteria for members who would like to be a part of this group – all that we ask is that you have an interest in websites, and a familiarity with the profession’s own site, and/or an interest in or previous experience of online learning.  We would also expect members to have an understanding of the ‘member journey’ concept.  No special technical knowledge is required.

 

Membership of the "Digital Volunteer Group" is a great opportunity to get involved with important projects which will have long term benefits for members of the IFoA, so if this sort of thing interests you and you would like to join the Group, please contact Debbie Atkins, Head of Volunteer Engagement, in order to register your interest and to find out more.

 

 

  

 

 

Wednesday, October 8, 2014

Please consider becoming a Career Ambassador ... and encourage young people to join our profession.

 

Jenni Hughes, our Careers Marketing Leader, would like to encourage members of the Institute and Faculty of Actuaries (IFoA) to volunteer to become a Career Ambassador.  Jenni is seeking the support of both UK and International Students, Associates, Affiliates and Fellows who would like to pro-actively speak at schools, colleges and universities and to represent the IFoA at career fairs and other events, from time to time.

 

To volunteer to act as a Career Ambassador you should be employed and working towards your qualification. You need to be confident enough to be able to talk about your route into the profession and your current role. You should also be in a position to know a bit about the current exams and how the profession works and what we do.

 

Jenni has put together a helpful booklet which amongst other things answers the following frequently asked questions:

  • Who can apply?
  • How does this work?
  • What can you get involved in?
  • Responding to requests?

 

View this booklet, called "Become a Career Ambassador" 

 

If you meet the above criteria and would like to volunteer in this way, please contact Debbie Atkins, Head of Volunteer Engagement.  Please provide your ARN and a note of the geographical location you would be prepared to cover.

 

 

Friday, October 10, 2014

As part of our International strategy of “proactive engagement” we have created the first in a series of International Feedback Groups.  The first two focus on the following:

 

  • One to help the IFoA to provide a more comprehensive offering to members based in China and South East Asia; and
  • One to help the IFoA to provide a more comprehensive offering to members based in India. 

 

These International Feedback Groups are made up of members living and/or working in these countries and operate in much the same way as our pioneering ‘400 Club’.  During the course of each year, we will send members of each group up to a maximum of three online surveys.  These surveys can be completed online at a time that suits you, over a two to three week period.  The results will help the IFoA in tracking our International strategy and in better understanding how we can serve the varied and evolving needs of our members.  

 

Your input will also be a valuable resource for the IFoA's International Board.

 

If you are a member of the IFoA and are either based in China / South East Asia or in India, or have an excellent knowledge of, or connections in, these countries and would like to be part of either of these groups, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a note of your name, ARN, and brief details illustrating your main reason/s for wishing to be involved.  

 

 

 

 

Tuesday, October 28, 2014

Organisations with at least 3 qualified actuaries who are members of the Institute and Faculty of Actuaries are encouraged to appoint a CPD Co-ordinator.  A CPD Co-ordinator need not be a member of the Institute and Faculty of Actuaries. 

 

Read about the role of a CPD Co-ordinator

 

Engaging with Employers:   The Institute and Faculty of Actuaries wants to engage with employers more closely.  CPD Co-ordinators provide a mechanism for the IFoA to promulgate new ways of obtaining CPD within employers' offices; to share opportunities for teams and/or individuals within organisations; and also for us to receive feedback and suggestions from the organisations that are owned by or employ our members.  To help share best practice and encourage networking and the sharing of ideas, CPD Co-ordinators are invited to attend a half day CPD Co-ordinators' annual briefing, at Staple Inn Hall, in London, each autumn. 

 

Getting involved:  If you would like to volunteer to take on this role for your organisation, or to check whether your organisation has appointed a CPD Co-ordinator already, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a note of your ARN, if applicable.

 

 

Thursday, November 27, 2014

 

 Some geographic regions do not currently have Institute and Faculty of Actuaries (IFoA) activities in their area. As part of our work, we are developing "tool kits" to allow members to volunteer to create new groups in their local area, and to expand the opportunities which currently exist. This took kit will include check lists and helpful suggestions, providing a step by step guide to creating and running a CPD or networking event, as well as instructions for using some of our online material in a group session and how to record verifiable CPD.  It will also share best practice and highlight how to set up a committee to help you run these events.

 

View current Regional Actuarial Activity

 

If you live and/or work in an area which does not currently have any Regional Actuarial Activity and you have a good network of other members of the IFoA in the same geographic area, please consider volunteering to help establish a new Regional Society for the IFoA.

 

We are seeking proactive, enthusiastic members to volunteer to work with the IFoA to make use of these resources and to establish a new group.

 

How to get involved:  If you would like to find out more and to consider volunteering to get involved, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a brief note of your reasons for wishing to be involved, your geographic location, and a brief description of the number of members you think may attend such events in your area.  A note of your ARN would also be helpful.   All expressions of interest will be followed up by the IFoA’s Regions Leader with input from the Membership Director.

 

 

Monday, December 1, 2014

As part of their remit to engage with members living and working in Scotland, the Scottish Board has launched an initiative called “Knowledge Sharing Scotland” and it delivers technical and professional CPD training, to small (20 – 40) groups of actuaries in Edinburgh, Glasgow and Stirling, throughout the year.

 

The purpose is to better engage with employers of actuaries; to bring these sessions to their offices, provide networking, offer CPD, and to deliver additional events and valuable knowledge to members living and working in Scotland.

 

To view the current programme please visit the "Regional actuarial activity" webpage.  

 

The Scottish Board are seeking to hear from members who would be prepared to volunteer to support this resource either as: 

 

  • A speaker at a future event, and or 
  • To host a lunchtime event in their office

 

If you would like to offer your support, or find out more, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please indicate the type of support you would be willing to provide with as much detail as possible.  A note of your ARN, if applicable, would also be helpful.

 

 

Monday, September 15, 2014

Providing financial education in London – Through the Livery Schools Link, London-based Worshipful Company of Actuaries has teamed up with BEE (Teaching Business Enterprise and Employability in Schools) to provide financial education to young people in the London area, especially in Tower Hamlets. 

 

If you are a member of the IFoA and live and/or work in, or near London, please consider volunteering to share your enthusiasm and your knowledge of finance with young people in London’s schools.

 

View an  “Introduction to the BEE Programme”

 

To find out more and to be invited to attend an introductory talk which will illustrate what is involved, the materials that will support you, and the time commitment involved, please contact Thomas Olunloyo to register your interest.

 

 

Monday, September 15, 2014

Some members have expressed a desire for the Institute and Faculty of Actuaries (IFoA) to help facilitate opportunities for members to provide financial education in schools.  A pilot scheme is therefore being run in Scotland. 

 

If you are a member of the IFoA and live and/or work in Scotland, please consider volunteering to share your knowledge of finance with young people in Scotland’s schools. 

 

The Financial Education Partnership: 

We have teamed up with the Financial Education Partnership (FEP) which is administered by the Chartered Banker Institute, and is an initiative shared by a number of organisations, all of whom are dedicated to providing financial education for young people today.  Through the FEP, volunteers deliver workshops on financial capability and a range of other topics, to secondary and primary pupils in schools throughout Scotland. 

 

The FEP delivers a full programme and is always looking to recruit more facilitators to volunteer their time to go out to the schools and deliver these pre-prepared workshops.

 

Success: 

In the last academic year, FEP volunteers visited 124 schools in Scotland and delivered 682 workshops reaching an estimated 24,000 primary and secondary pupils Scotland-wide.  Without the volunteers, none of this would have been possible. 

 

Training and Materials: 

As a volunteer facilitator, the FEP would provide all the workshop materials to you and also provides regular training courses including presentation skills training for volunteers who have never done any presentation work before.  As part of the training, they cover all the workshop materials, and how to deliver in schools. 

 

Topics: 

The materials cover a range of topics from money management and budgeting to team working and interview skills, volunteers sign up to help students make the transition from school to the workplace, but also to ensure that pupils leave with the ability to make informed, financial decisions throughout their adult life.

 

8 different workshops are offered.  View details of the Managing your Money workshop material. 

 

Time Commitment: 

Whilst it is hoped volunteers will deliver at least three workshops per year, there are no set number of workshops you are required to deliver, you can do as many as you wish.  The required time commitment from volunteers would generally be anything from two days per year upward, depending on the level of involvement.  This could be broken down as: 

  • Attending a full day training course on the workshop material, with options to attend other courses if desired (one day)  
  • Attend a real classroom workshop as an observer (one hour plus travel)
  • Deliver at least three classroom workshops per year (one hour per workshop plus travel).

 

If you are interested in finding out more, and in volunteering to provide assistance, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a note of your ARN.  Debbie will put you in touch with Chris Finlay at the Chartered Banker Institute.

 

 

Wednesday, October 29, 2014

One of the key elements of the IFoA's strategy is 'to offer excellent support that meets members' varied and evolving needs'.  To help track our progress the IFoA's "400 Club" was created and launched in December 2011.  The "400 Club" is our online feedback group made up of 400 of our members - a cross section of our membership. 

 

One member of the 400 Club said,

  • "Involvement with the 400 Club has provided a unique opportunity to give input to a wide range of issues and questions being considered by the profession – a real chance to get your voice heard on the things that matter to all members."

 

Read more about the pioneering "400 Club"

 

The 400 Club is currently full, however, we are actively seeking members of the IFoA to volunteer to join the reserve list.  We require a wide representation of the membership on the reserve list.  When a vacancy becomes available a new member of the 400 Club is selected from the reserve list to best match the profile of the member who is stepping down.  To allow members to have their say, we refresh the membership of the Club each year.   

 

How to offer support:  If you are a member of the IFoA and willing to offer support and to join the reserve list, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie it would be helpful if you could indicate if you are a Student, Fellow, Associate or Affiliate member, provide the geographic location where you are based, and a note of your ARN.