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Deputy Chair of the Board of Examiners

The Institute and Faculty of Actuaries (IFoA) is seeking to appoint an appropriately experienced individual to become the Deputy Chair the IFoA’s Board of Examiners.

We encourage applications from a diverse range of potential candidates, in terms of, but not exclusively gender, age, disability and ethnicity, as well as reflecting the geographical spread and practice areas of our membership.

To apply, please send a CV and covering letter  to HRsupport@actuaries.org.uk before the closing date of  7 December 2020.

Background

The IFoA is the UK’s only chartered professional body dedicated to educating, developing and regulating actuaries based around the globe. We have a worldwide membership of over 30,000 of which over 50% are student members. 47% of our membership and 64% of our students are based outside the UK, reflecting the increasingly global nature of actuarial practice.

The IFoA Council sets the strategy, with Executive staff responsible for its execution. The Lifelong Learning Board is responsible for the oversight of delivery of specific aspects of this strategy related to the pre-qualification education of actuaries, and their continuing professional development and lifelong learning. The Board delegates the oversight and assessment of the qualification standards to the Board of Examiners.

The Board of Examiners has the following responsibilities:

  • To safeguard and monitor the academic standards of the IFoA qualifications.
  • To ensure that assessment, marking and moderation processes are appropriate, rigorous and fair.
  • To ensure equity of treatment for students.
  • To ensure that the assessments have been conducted within the IFoA’s regulations and guidance.
  • To confirm subject marks and determine the pass list for each subject.
  • To identify and highlight any issues for discussion at Lifelong Learning Board or Education Committee.
  • To consider any matter referred to it by Lifelong Learning Board.

The Deputy Chair of Board of Examiners will be expected to support the Chair to:

  • Ensure that the Board carries out its responsibilities in a proper and impartial manner and in accordance with the IFoA governance.
  • Make sure that all the responsibilities of the Board are met, and that the Board is properly constituted.
  • Make certain that the secrecy of the exam papers is maintained.
  • Confirm that all assessments have been comprehensively and consistently marked and moderated.
  • Consider and sign off any appeals that move to a pass.
  • Make a judgement and sign off assessment prizes.
  • Sign off the minutes from each Board meeting.
  • Lead the Mitigating Circumstances Panel in key decision making providing independent judgement.
  • Be responsible for all communications between the Board of Examiners and the Education Committee and Life Long Learning Board.
  • Prepare a biannual report on the candidate performance and assessment procedures for submission to the Life Long Learning Board.
  • Take action on behalf of the Board of Examiners outside the meetings where the matter is urgent or where for some reason the Board of Examiners does not have sufficient information or is for some other reason unable to reach a decision in the meeting.
  • Lead the Board in fostering a mutually respectful relationship with the Executive.

Reporting

The Deputy Chair of the Board of Examiners will report to Chair of the Board of Examiners.

Tenure

The Deputy Chair of the Board of Examiners will be appointed for a period of two years.

Time Commitment

The Board of Examiners meets twice a year for a full day and participation will be via face to face meetings, by telephone or video conference call. The timings of the meetings are arranged to be sympathetic to the times zones of any international members.

The role also requires attendance at the mitigating circumstances panel which takes place the day before of the Board meeting and an afternoon is required as well as preparation time reading the cases for consideration. Participation will normally be via conference call.

The Deputy Chair of the Board, together with the Chair, is required to review draft exam papers where concerns arise with assessment expectations/standards. They may need to attend Exam paper scrutiny meetings to ensure the IFoA quality standards are met.

In addition to these meeting there will be follow up actions and communications between meetings by email and telephone, along with an annual examiners meeting.

Annually, the IFoA runs a briefing day for Chief Examiners and Examiners. The Deputy Chair of the Board of Examiners will be expected to attend and present/facilitate as required.

The role is an ex officio member of the Education Committee. The Education Committee meets five times each year for half a day and participation will be via face to face meeting in London, by telephone or video conference call. The timings of the meetings are arranged to be sympathetic to the times zones of any international members.

The total annual time commitment is around 100 hours.

Remuneration

The appointment will be remunerated through the IFoA payroll. The fee will be discussed with any candidate taken forward to interview. The fee (gross) is payable per annum, plus out of pocket expenses in accordance with the IFoA’s Volunteer Expenses Policy.

Person Specification

Essential

  • Experience of maintaining examination standards either within the IFoA, within another professional body or within an actuarial department in an academic environment.
  • Understanding of the current IFoA’s pre-qualification processes.
  • Ability to exercise independent judgement and to think objectively.
  • Strong and effective communication and interpersonal skills.
  • Recognising the need to respect cultural and language differences.

Desirable

  • Experience as an effective Chair
  • Awareness of advances in the education sector that could support current and future members.
  • Understanding of the strategy of the IFoA, particularly its education strategy.
  • An appreciation of the challenges facing professional bodies.
  • Experience of helping or supporting a business with global expansion.

 

 

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Events calendar

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