The Institute and Faculty of Actuaries has a range of paid opportunities that both members and non-members can get involved in. These opportunities ensure that our examinations and education partnerships can be delivered so we continue to ensure the qualification experience with the IFoA remains sector leading. We will accept expressions of interest for any role throughout the year, however, we will still advertise specific roles when they become available.
We have opportunities for individuals starting out in their actuarial career, such as testing and providing feedback on exam papers; to more senior roles such as a Chief Examiner, who oversees the subject team and development of exam related materials or a partnership role such as Independent Examiner who ensures the quality of our partnership with universities meet the IFoA examination standards.
You do not need to reside in the UK or be a UK permanent resident to apply or register your future interest for our paid educational opportunities, we welcome applications from around the globe.
Experience of an IFoA Exam Test Candidate 1:
Once involved I was surprised at how important the role was to the exams process. I had expected the exam paper to be very nearly complete by the time it came to the exam test candidates and the role would involve giving it a “once over”. I was pleasantly surprised to find that my role was far more involved than this. It required me to fully interrogate the paper checking that it was fit for purpose and that the questions were clear and unambiguous.
Kyle West, Exam Test Candidate 1
Exam Test Candidate
Each session, the IFoA uses in the region of 120 newly qualified individuals to review the proposed examination papers and associated marking schemes and identify any issues with cultural and language differences; we refer to this role as Exam Test Candidate. Individuals who apply need to have sat and passed their last exam no longer than 2 years ago. Applicants should have sound knowledge of the chosen subject and excellent time management skills and attention to detail. We will accept expressions of interest throughout the year and make contact when recruiting for these positions, usually August/September annually.
Each session, the IFoA requires approximately 500 markers to support the delivery and marking of the examinations. Individuals should be suitably qualified in the subject matter of their preferred exam to mark. We will accept expressions of interest throughout the year and make contact once a suitable role becomes available.
The role of the Exam Counsellor is vital in assisting students by being able to provide advice and guidance on examination techniques to those student members who require assistance after failing an examination, individuals should have a sound understanding of the chosen subject. Examination counselling is only available for students in their final subject prior to qualifying as either an Associate or Fellow. The service allows students to request a written report only or a written report and a follow-up telephone call.
Examiners play a vital role in shaping the IFoA examinations. These roles are specific to an examination subject and individuals would be required to be experts in the area of testing. The Examiner position tenure is usually for a period of three years. We will accept expressions of interest however, these vacancies will be advertised when a position is required as they are not available as often.
The Chief Examiner supports the delivery of the exams and plays a pivotal role in shaping the exams. The Chief Examiner provides overall leadership of the examination team. Individuals should be effective team leaders with sector experience in the subject matter. The Chief Examiner position tenure is usually for a period of three to four years. We will accept expressions of interest however, these vacancies will be advertised when a position is required as they are not available as often.
The Module Lead is a senior appointment and applicants must be able to show interest in education at the postgraduate level and an understanding of the IFoA’s curriculum, assessment processes and procedures. The tenure for this position is usually three years and the expected annual time commitment is 100 hours. We will accept expressions of interest however, these vacancies will be advertised when a position is required as they are not available as often.
Independent Examiners review and comment on draft exam papers and programme materials for those Universities where the IFoA have an Accredited programme. The tenure for this position is three years. We will accept expressions of interest throughout the year and make contact when recruiting for these positions.
From time to time the IFoA has specialist positions for Examiner and Supervisor roles for the SA0 exam. These positions are advertised when available and are suited to those who have experience in examining at PhD level.
Please view the CERA paid opportunities for further information.
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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.
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.
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.
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.
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.
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
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.
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.
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
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.