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
- 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, focussing particularly on the remaining areas of the standard not evidenced by the Case Study.
What we are looking for:
- Case Study Writers to create a library of case studies
Case studies are welcome from all current Acturial practice areas.
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.
Case Studies - each case study will need to pose questions and problems which will require the candidate to develop one or more model solutions and produce written documentation, including an audit trail, explanation of the methods used and a presentation of the results.
Through the case study the candidate will have the opportunity to demonstrate their ability to apply the skills expected of an actuary, which will be measured against the required Knowledge, Skills and Behaviours outlined by the industry standard for the Actuary Apprenticeship Level 7.
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.
- be suitably qualified to degree level or relevant experience
- Ability to write appropriate, well-structured case studies
- Ability to identify amendments to case studies where content should be added, improved or retired
- In depth and up to date knowledge of the subject area(s)
- Ability to work independently while meeting deadlines
- Recognising the need to respect cultural and language differences
- An understanding of the UK Government Apprenticeship Scheme
- An appreciation of the challenges facing professional bodies
- Experience with Microsoft office applications
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.
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We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.