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Assessor

Following the successful introduction of the UK Government Apprenticeship Scheme, which offers an apprenticeship levy to employers to support their employees through their learning journey. The IFoA, in support of this new route to qualification have become an End-point Assessment Organisation (EPAO), and will be responsible for administering the assessments.

Candidates who apply for the Apprenticeship will still be expected to apply to the IFoA for membership in the traditional way, and will need to gain a pass or an exemption in all 10 of the CB, CM, CS and CP exams, as well as completing the person development and professional skills requirements.

Once a candidate has accomplished the above they will be required to pass both a case study and interview based assessments in order to achieve the certificate.

End-point Assessment: A Case Study that demonstrates the candidates experience and capability to deliver the core functions of the role, which will include multiple elements of knowledge, skills and behaviours, as set out in the standard.

A portfolio-based Interview, assesses the candidates understanding and aptitude of applying the skills, knowledge and behaviours developed throughout the apprenticeship journey, focusing particularly on the remaining areas of the standard not evidenced by the Case Study.

Apprenticeship level 7 (Actuary) – Assessors (paid role)

What we are looking for

In preparation of the IFoA carrying out these assessments we are seeking:

Assessors

  • Review the portfolio submission prior to the interview stage 
  • To carry out the interviews – interview preparation is part of this role

Initially our priority is to create examples from the following practice areas:

  • General Insurance
  • Pensions

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.

Task Specification

Assessors – this role will be key in reviewing the quality of the submissions, to ensure they contain at least one piece of evidence for each of the twelve Knowledge Skills and Behaviours, and assigning a score according to the grading structure outlined in the assessment methods. 

The Assessor will prepare and carry out the interview based assessment, using questions from the question bank for consistency across assessments, along with creating follow-up questions which directly relate to the portfolio to ensure complete coverage, with the responsibility of highlighting any incomplete submissions.

The Assessor will also be required to compile a feedback report, following the review of the assessment submission to represent their findings and determine whether the candidate has passed the end point assessments.

Remuneration

The appointment is a nominally paid self-employed contractor role. The fee (gross) is payable per annum, plus out of pocket expenses in accordance with the IFoA’s Volunteer Expenses Policy. The fee will be discussed with any candidate taken forward to interview.

Person Specification

Essential

  • Be suitably qualified to degree level or relevant experience  
  • Have proven writing skills
  • Excellent listening skills
  • In depth and up to date knowledge of their specialist practice area(s)
  • Ability to work independently while meeting deadlines
  • Strong and effective communication skills
  • Recognise the need to respect cultural and language differences

Desirable

  • An understanding of the UK Government Apprenticeship Scheme
  • An appreciation of the challenges professional bodies face
  • Experience in recruitment and interviewing

This is a remunerated role and a fee will be paid

Mutually agreed services will be outlined in a ‘Schedule of services’ which will be provided to you on successful appointment. On successful completion of the services, you will be required to submit an invoice to the IFoA. The IFoA will provide you with a template invoice to use, and this invoice will be processed by a member of the IFoA’s Education Services team. If you wish to view the ‘Schedule of services’ and the applicable terms and conditions, prior to expressing interest in this role, please contact the Quality team. Please note that this role is classified as a ‘Self-Employed Contractor’.

Please also note that every individual who supports the IFoA, be that as a volunteer (member or non-member), or in any other role, including as a self-employed contactor, works in partnership with the IFoA Executive staff to deliver our strategy and Royal Charter, in line with our values.

We are extremely grateful to all who form part of this delivery team, collectively known as our volunteers and as such you will have access to volunteer resources, updates and communications in general. We hope that you find this helpful and valuable to you when delivering your role.

 

July 2020

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Events calendar

  • Spaces available

    The Actuaries’ Carbon Collaboration (ACC) is a group of actuaries and other professionals working towards a coherent understanding of the issues around greenhouse gas (GHG) emissions by considering them in an actuarial context.

    Emissions into and absorption from the atmosphere can be modelled in the same way that we model variable cash flows, including the impacts of uncertain quantities and timing. The ACC’s work investigates both the insights that this analogy provides and its limitations.

  • Spaces available

    This talk presents the work of the Data and Modelling workstream of the IFoA Mental Health Working Party. We explore data and modelling considerations in the risk assessment and underwriting of mental health conditions. We will also consider how newer risk factors and improved data availability might open up opportunities for additional underwriting and product designs.

  • Pensions Dashboards

    12 July 2022

    Spaces available

    As the industry prepares for Pensions Dashboards, we have lined up a specialist panel who is at the heart of the ongoing work in this area. Hear the latest developments, future proposals and have the opportunity to put forward your questions to our speakers.

  • Spaces available

    Crisis management, the process by which an organization deals with a disruptive, sudden and unexpected event that threatens to harm the organization or its stakeholders, has become a key concern in the light of the Pandemic and Geopolitical risks.

  • Spaces available

    Artificial Intelligence is heralded as a game-changer to the ways industries use data, with the insurance industry especially looking to embrace these new technologies. This brings many questions – not least around data privacy, ethics, potential biases and so on – with regulators increasingly interested in developments.

    Moreover, whilst the stunning progress of specific technologies such as Watson and Alphazero made headlines some years ago, current commercial applications of AI remain far from mature.

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.

  • Spaces available

    The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.

  • Spaces available

    The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar.   Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity.   This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations.    Attendees will be invi

  • Spaces available

    Health contributes to happiness at the personal, family, community and societal level.  Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.