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CERA seminar – Moderator

The Institute and Faculty of Actuaries’ (IFoA’s) Engagement and Learning Directorate is seeking to appoint an Associate or Fellow into the role of Moderator for the CERA seminar pre-seminar work. 

As a Moderator it is vital to the maintenance of the IFoA’s CERA accreditation that you can demonstrate good knowledge of and ideally hold the CERA designation (through the examination or experienced practitioner routes).

This opportunity is open to all Associates and Fellows, regardless of their location, subject to meeting the requirements set out below. 

The role

Moderators are appointed by the IFoA to help maintain the education and qualification standards of the IFoA.  This is a senior appointment and applicants must be able to show interest in and understanding of the IFoA’s examination processes and procedures. 

CERA seminar Moderators are also required to support the team leading the CERA seminars in meeting the requirements necessary to ensure that the IFoA maintains its CERA accreditation. 

Positions available: apply now

Please note students of the IFoA or any other actuarial association will not be considered.

Complete the application form

Future roles: register your interest

Complete the expression of interest form

Person specification

As a CERA seminar Moderator you must also be able to demonstrate: 

  • in-depth practitioner knowledge of the ERM subject area
  • a good grasp of capital modelling
  • appreciation of the technical  elements of ERM
  • team working skills
  • accurate proof reading skills and attention to detail
  • good time management

A CERA qualification is useful, but not a mandatory requirement.

Experience of marking or examining is preferable.  Geographic location is not an issue.

Task specification

The main requirement of the CERA seminar Moderator is to help maintain the examination and ethical standards of the Institute and Faculty of Actuaries. 

The particular requirements for this role are to:

  • review submissions and provide appropriate feedback following stated guidelines, ad hoc if required
  • delegates are tasked with deciding on the level of capital a GI company should hold and allocating it appropriately across the lines of business with no residual capital
  • accept submissions as having met the minimum standard for the CERA seminar or ask for a resubmission, with appropriate feedback, until the work meets the necessary standard
  • communicate feedback to the Partnership Executive, who will pass it on to the delegates

Support

An Education Actuary will support the Moderator.  Administrative support for the role will be provided by the Partnership Executive and a guide will be provided containing full details of the role and responsibilities. 

Tenure

This appointment is subject to annual review, and is normally for a maximum tenure of two years.

Time commitment

CERA seminars: at least four seminars are held in each calendar year, with the option for extra dates to be added if there is sufficient demand from members. The pre-seminar work is sent out five weeks ahead of the seminar date and delegates are given a three week period in which to complete and submit their models. The accepted models are then loaded onto communities on the IFoA’s website, to which delegates are given access one week before the seminar date.

Model moderation: At least four times a year (standard pattern is March, June, October and December). As a Moderator you will:

  • review all of the models (24/25) – allow up to 30 minutes for the more challenging attempts
  • the models are submitted at various times throughout the four week period between the work being released and the online communities being opened. As such, you must be available to review the models during this period.
  • review submissions within 24 hours of receipt to ensure a quick turnaround for the seminar delegates.

In return, the SEC will:

  • in partnership with the Executive Staff contribute to the IFoA’s education processes in the preparation and delivery of the CERA seminar
  • have confidence in the education process and feel part of the team contributing to the development of future actuaries have opportunities for Personal Development in the education area
  • gain an in depth understanding of the qualification process
  • have opportunities for CPD in line with the current scheme arrangements

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 Assessment 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’.

Additional Information

The IFoA delivery team is made up of IFoA Executive staff and our volunteer community.  Every individual who supports the IFoA, is valued, and are recognised, as part of our volunteer community and works in partnership with the IFoA Executive staff to deliver our strategy and Royal Charter, in line with our values 

At the IFoA the term “volunteer” includes volunteers (members and non-members: lay), Office Holders, and Self Employed Contractors (paid roles).

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.  The key elements will be highlighted to you as part of your contract for services with the IFoA.

 

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