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 opportunites are advertised on this page, and take a look at our Directory of Opportunites, or contact Debbie Atkins, Head of Volunteer Engagement (pictured left), for more information.

 

 

 Subscribe to Volunteer Opportunities with the Profession  via RSS, to be kept informed of new opportunities to volunteer. (what's RSS?)

 

 

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.

 

 

 

Thursday, August 14, 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.  All offers of support will be progressed as received rather than waiting until after the closing date.    

 

 

Wednesday, August 6, 2014

Do you work for a major insurance company and have practical, hands-on experience of the issues surrounding aggregation and simulation techniques?  If yes, please consider volunteering to join this working party.  

 

The Chair of this newly formed working party is seeking to recruit one or two additional members to volunteer to join this member-led group. 

 

Background:  The Life Insurance Board is currently setting up a new member-led working party looking at aggregation and simulation techniques in capital models, and in particular how the methods used are tested, communicated and justified to stakeholders, including regulators.  Insurance companies are increasingly using more sophisticated techniques in their economic capital models for aggregation of different risks, e.g. moving away from correlation matrices to more complex aggregation techniques, for performing simulations, e.g. proxy modelling techniques and for setting risk measures.  

 

With the increased use of Internal Models for Pillar 1 capital requirements on Solvency II, as well as the heightened Pillar 2 requirements, these techniques are likely to come under greater scrutiny from stakeholders including Boards, who would be expected to understand the approaches used, and regulators who will expect evidence-based justification of the choices made.  

 

This working party aims to look into the different techniques used and how actuaries and insurers can assess and choose between the range of approaches available. 

 

The emphasis of the working party is not expected to be on the technical details and merits of the specific techniques themselves, but rather on how insurers can test, communicate and justify to stakeholders the choices made.  Individuals whose role involves presenting such techniques to senior management or regulators and following up with their queries would be particularly well suited to the needs of the working party.  

 

Getting involved:  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 relevant skills and experience and an indication of your reasons for wishing to be involved.   A note of your ARN and your current employer would also be helpful.  All expressions of interest will be considered by the Chair of this working party together with a member of the Life Research Committee. These additional members will be selected to complement the skills and experience of the existing members of this working party and it is hoped that a decision will be made by end August.   

 

 

 

Friday, August 8, 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.

 

 

Wednesday, July 30, 2014

The Risk Management (RM) Education and Continuing Professional Development (ECPD) Committee is seeking assistance from members who would like to be part of a group who will organise the agenda and speakers for a one day seminar on ERM, to be held in the UK in February. 

 

We are looking to hold the event in February 2015.  The main focus of time and effort, will be on programme development, and will take place in September (with the possibility of some work in August dependent on holidays).  We are aiming to market the event from October.  

 

If you would like to fnd out more or offer your assistance please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please can you briefly indicate your relevant experience and your reason for wishing to take on this volunteer role.  A note of your ARN would also be helpful.

 

 

Tuesday, August 12, 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.

 

 

 

Monday, August 11, 2014

 

The Scottish Board is currently made up of 10 Scottish Constituency Council members and a number of co-opted members.  The Board are seeking to appoint additional co-opted members to work with the Executive staff to help deliver the following, in Scotland:

 

  • Meeting with stakeholders to raise the profile of the IFoA in Scotland
  • Assisting with the Knowledge Sharing Scotland (KSS) events programme and other professional activities for the actuarial community in Scotland
  • Helping to establish better communication and engagement with employers of actuaries based in Scotland
  • Supporting activities to encourage and advance (actuarial) academic developments in Scotland  

 

View the Scottish Board Task and Person Specification

 

If you are based in Scotland and if having read the Task and Person Specification document you would like to pro-actively help drive forward one or more of the above, please volunteer to offer support.  To be considered for this volunteer role please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide a note of your  ARN, the organisation for whom you currently work, and a brief indication of the area/s you would like to support and what you feel you could bring to this group.  A note of your reason/s for wishing to be involved would also be helpful.  All expressions of interest will be considered by the Scottish Leader and a decision will be made before the end of August.

 

 

Thursday, July 31, 2014

The Actuarial Research Centre - ARC - is an exciting research initiative that has been established by the Institute and Faculty of Actuaries (IFoA), initially in partnership with the Scottish Financial Risk Academy (SFRA).  It is an international centre for the furthering of actuarial science based in Scotland.  The ARC has been created as a bridge between actuarial research and business through sponsored PhD studentships.

 

View details about the ARC

 

Since it was launched in 2012, the ARC steering group has been chaired by former Past President, Ronnie Bowie.  Much thanks go to Ronnie for his dedication, guidance and direction in these early years and in helping to launch what we believe is an exciting development for the future of the IFoA.  Ronnie is stepping down as Chair, this summer, and we are now seeking to recruit a Fellow of the IFoA, who is based in Scotland, to step into his shoes and take on the role of Chair.  This is a temporary role to see the ARC through a six month period of developments which may mean the role will evolve.

 

The role:  We are therefore seeking to appoint a Fellow as interim Chair of the ARC Steering Group.  Ideally this will be someone who is passionate about building relationships between business and the academic world;  who has proven experience of chairing an important group; and who is keen to further actuarial science and thought leadership.

 

Time commitment and tenure: It is hoped that this post will be filled by the end of July and it is envisaged that it will be a six month position.  On average, this interim chair will find he or she spends approximately one day per month in this role, much is done by email and conference call, and only occasional attendance at face to face meetings in Edinburgh.

 

How to offer support:  To find out more or to offer your support, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie, please indicate your reasons for wishing to take on this role and a brief indication of your relevant skills and experience.  All expressions of interest will be considered by Ronnie Bowie, as outgoing Chair, together with Paul Reynolds, Director of Public Affairs, Sarah Mathieson, Head of Research & Knowledge and a member of the Scottish Board.

 

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.

 

 

 

Tuesday, August 12, 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. 

 

Thursday, July 31, 2014

The General Insurance Education and Continuing Professional Development (ECPD) subcommittee is looking to appoint at least one additional member to join the committee. All applicants are encouraged both from a company and a consultancy background and from either the UK or international.

 

The committee plays an important role in ensuring the education of GI actuaries is kept as up to date and relevant as possible. This comprises:  

 

  • Encouraging the production and promotion of educational material to both practitioners and students  
  • Ensuring there is a healthy range of CPD events provided by the IFoA  
  • Shaping the content provided within these events – ensuring there is a good mix of professionalism, current issues and hot topics.  
  • The work involved also includes listening to members’ feedback and identifying topics and potential speakers and in creating and developing an excellent and varied programme.

 

View Terms of Reference

 

If you are a Fellow or Associate of the Institute and Faculty of Actuaries (IFoA) and have an enthusiasm for assisting the profession we would like to hear from you. 

 

Skills and Experience: We are ideally looking for volunteers with:  

 

GI Experience  

  • An awareness of current issues in GI  
  • An ability to come up with ideas and to identify hot topics 
  • A willingness to help organise an event programme  
  • A desire to help review and shape the education material of GI students

 

Time Commitment: 3 hour meetings every 6-8 weeks from September through to July. Plus some occasional time for reviewing material, follow up emails/calls etc. The meetings are held at Staple Inn Hall, in London – attendance via telephone conference call is possible.

 

How to Volunteer: If you would like to volunteer to be considered for this committee, please contact Debbie Atkins, Head of Volunteer Engagement. When contacting Debbie, please provide a brief note of your relevant experience and your reasons for wishing to be involved.  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.

 

 

Monday, August 11, 2014

The Institute and Faculty of Actuaries (IFoA) established this new board at the end of last year with responsibility for helping the IFoA deal with the increasing actuarial implications of resource depletion and other environmental issues such as climate change. It is chaired by Oliver Bettis and the other members are Paul Meins (Deputy Chair), Claire Jones, Nico Aspinall, Kenneth Donaldson, Matthew Donnery, Simon Jones, Louise Pryor and Nick Silver.

 

The Board is already active on a number of fronts including organising research into the sustainability of the financial system, providing speakers for many events throughout the year, engaging in consultations, providing a regular monthly newsletter, supporting research, liaising with other Boards and external academics and organisations.

 

The IFoA is now seeking to appoint two additional enthusiastic, innovative and committed volunteers to join this important Board. Much of the work of the Board involves working with the existing practice boards and we are particularly looking for people with a general insurance background.

 

In addition to the requirement of General Insurance expertise, Health and Care is also an under-represented area on this Board and the Board would also welcome expressions of interest from those with experience of resource and environmental issues in their work or research, for example climate change, energy consulting or sustainable investment. 

 

View the “Task” and “Person” Specification

 

How to offer support:  If, having read the Task and Person Specification, you feel you have the relevant skills and experience and would like to express an interest in being considered for this Board appointment, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie, please provide brief details of your relevant expertise in either General Insurance, Health and Care, or your experience of resource and environmental issues in their work or research, for example climate change, energy consulting or sustainable investment.  A note of your ARN, if applicable, would also be helpful.   All expressions of interest will be considered by the Board and a decision will be made by end August.

 

 

Wednesday, August 6, 2014

 

Would you like to help us to shape the 2015 conference into a premier event?

 

The topics of both Risk and Investment touch all practice areas and we are therefore seeking volunteers from a wide range of disciplines 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 2105 committee, we are also seeking to appoint two Deputy Chairs – one for Risk and one for Investment.  Please take a look at the Task and Person Specifications for each of the following roles:

 

 

How to get involved:  If you would like to offer your assistance and to be considered for this volunteer vacancy, please contact Debbie Atkins, Head of Volunteer Engagement.   When contacting Debbie, please can you briefly indicate your background and experience and outline what particular contribution you feel you could make to the Conference Programme Committee. Please also indicate whether you wish to focus on risk or investment and whether you are interested in being considered for the role of Deputy Chair.  A note of your ARN, if you have one, would also be helpful.  All expressions of interest will be considered by a selection panel made up of the incoming Joint Chairs; IFoA executive staff; and the Chairs of the two Practice Executive Boards and their ECPD Committee. 

 

 

Thursday, August 14, 2014

 

The Institute and Faculty of Actuaries (IFoA) is hosting a Conference in Beijing in May 2015.  The aim is to produce a premier event for our members, and stakeholders, based in the region and we are seeking proactive, innovative volunteers to join this Committee to help shape the content and theme of the programme.

 

The organisation of the conference will be handled by our experienced event management team and we are seeking to appoint a Chair, Deputy Chair, and a volunteer committee to work with this team to input into the content, theme, speakers, workshops and format of this event.

 

The first meeting of the Conference Organising Committee will be held, in Beijing, on October 16.

 

View Task and Person Specification

 

How to offer support:  If you are based in China and South East Asia and feel you have the relevant skills and experience to help make this event a success, please contact Debbie Atkins, Head of Volunteer Engagement, to register your interst in getting involved.  When contacting Debbie, please provide a brief note of what you feel you could bring to this committee, an outline of your relevant skills and experience, a note of where you are based and who you work for, and a note of your ARN.  In addition, please let Debbie know if you are interested in also being considered for either the role of Chair or Deputy Chair.

 

All expressions of interest will be considered by Memoria Lewis, Membership Director of the IFoA and a decision will be made by the early September. 

 

 

Monday, August 11, 2014

The Actuarial Society of 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, this September:  The second volunteer opportunity would be in London - to assist the secretary of the Actuarial Society 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 on 23 September, this being her one remaining exam.  The assignment would be to spend a number of hours over the couple of weeks before 23/9 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.

 

 

 

Thursday, July 31, 2014

The CA3 exam was introduced to test the student’s ability to effectively communicate often complex and technical information to a non-technical audience.

 

Our Education Directorate is seeking to appoint up to 4 communications experts to support the education team by becoming presentation markers, to test the students' skills, in this exam.  It is essential that these markers are not actuaries as they should not have the technical training nor understanding.  They need to be able to judge how well they understand the message which has been conveyed.  This a PDR* role and as such a fee will be paid for their support.

 

The details are noted below and we hope that members of the IFoA will alert any academics and communications / presentations experts to this opportunity.

 

The Role:  To review and mark online student presentations in line with the marking schedule and guidance given. The CA3 Communications exam tests the student’s ability to convey actuarial techniques and messages to a non-technical audience. The non-actuary marker therefore has expertise in the field of communications and is able to judge how well the message has been conveyed. Following the marking schedule and guidance provided at the marking meeting, the non-actuary marker is required to mark 40 presentations per exam which last for 5-10 minutes each and are based on a set brief that the student has been given. Each student has recorded their presentation via a specialist application, using their own computer and web camera.  

 

The Key Tasks

  • To mark the presentations via a downloadable online platform according to the guidance given
  • To mark accurately and consistently
  • To provide a set of results to the Principal examiner for the subject, within the given timescales

 

Support:  Each Non-Actuary Marker is part of the CA3 examining team and will undertake regular test batch exercises to ensure that consistency in marking is achieved. The presentations are double blind marked and standardisation is an important part of the process. The test batch exercise consists of the members of the examining team marking 5 presentations from the initial exam cohort. A marking meeting takes place either in person or via conference call with the principal examiner to discuss the marking schedule and any adjustments that may need to be made or issues raised.   

 

Time Commitment and Tenure:  Markers have a four week period in which to review and submit their marks.  The deadlines are pre-set and must be met to ensure that results are delivered on time.  We estimate that an exam  ‘batch’ of 40 presentations will take approximately 20 hours to complete. There will be approximately 4 test batch marking exercises and conference calls to attend per year, taking five hours per exercise.  Markers would also be asked to attend a one day training session, in the first year and again as necessary.

 

How to apply:  If you would like to be considered for this role, or would like to find out more, please contact Debbie Atkins, Head of Volunteer Engagement.  When contacting Debbie please provide brief details of your relevant skills and experience.  All expressions of interest will be considered by the Education Team.

 

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

 

 

 

 

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, July 31, 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.

 

 

 

 

Tuesday, August 12, 2014

The Institute and Faculty of Actuaries’ Disciplinary Board oversees the monitoring of the Disciplinary Scheme.  The Board makes regulations, provides guidelines on procedures under the scheme, and is responsible to and reports to Council.  There are 9 members of the board, including the Chair, Jane Irvine.

 

A vacancy has arisen for a Lay Member with experience of professional regulation and disciplinary proceedings to join the Disciplinary Board. The Institute and Faculty of Actuaries (IFoA) have members in a number of different countries and jurisdictions and are therefore particularly interested in individuals with experience of regulation and professional discipline internationally.

 

View Task and Person Specification

 

Read more about the Disciplinary Board

 

How to apply:  If you would like to register your interest in being considered for this volunteer opportunity please contact Debbie Atkins, Head of Volunteer Engagement. When contacting Debbie please provide brief details of your relevant skills and experience, particularly in relation to any international experience. A note of your professional qualification would also be helpful.  Debbie will collate a list of all potential volunteers and will pass this information to the Disciplinary Appointments Committee who will give consideration to all expressions of interest.  It is hoped that a decision will be made, promptly, and by the end of August.

 

*   IFoA’s Professional Development and Responsibility (PDR)  - In addition to the traditional volunteer roles and tasks which our members, and others, 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.

 

 

 

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.

 

 

Tuesday, July 29, 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.

 

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.

 

 

Thursday, July 31, 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.

 

 

Thursday, July 31, 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.

 

 

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.