We would like to introduce ourselves, the team has five members who are responsible for numerous processes throughout the student journey. One of our biggest areas of responsibility is managing our self-employed contractors ensuring the recruitment, induction and training is delivered. We work closely with our colleagues in the Assessment Team to manage this process effectively and to ensure our supporters from around the globe are given an opportunity to get involved. We are keen to hear from individuals with the relevant skills and experience to take on a particular role. We welcome expressions of interest throughout the year, however we do have two main recruitment periods, December and May which is one of our busiest periods.
The Quality team
Find out more about our roles
We have put together some frequently asked questions (FAQs) to provide more information about our roles.
I have never been involved in the examination process before and I don’t know where to start?
We are here to assist you with any questions you may have. Many newly qualified actuaries assist with the review of the examination papers by reviewing the content, grammar, and questions and assessing the length and difficulty, we call these positions Exam Test Candidates. The Exam Test Candidates play a very important role to ensure that the paper is fit for purpose.
I am still a student member, can I mark the examination papers?
These roles play a key part in the marking of our examinations, and therefore student members of the IFoA or other Actuarial Associations will not be considered for these positions. Once qualified and transferred as an Associate or Fellow then your application can be considered and we would love to hear from you.
How do I register my expression of interest (EOI) for a role?
Do I need my own laptop and is internet access required?
The IFoA does not provide a laptop or computer, you should ensure that you have access to the equipment and that all material can remain confidential and secure. Stable Internet access is required to fulfill the IFoA Paid Opportunity roles.
What training will I receive if I apply to be a Marker?
All applicants will be required to undertake a test exercise. You will be asked to mark some sample scripts and be given adequate time to complete the task. All material will be made available using an online platform. All exercises will be reviewed and if successful you will receive a Letter of Engagement which sets out the terms of the role.
What are the technical requirements, do I need access to particular software?
The majority of the student exam scripts and related material are delivered via a secure online platform. This means to access them you will need a reliable internet connection. You should have Microsoft Excel and Word as well as Adobe reader installed. Some marking is carried out using an eMarking platform, the technical requirements are within the task and person document.
Will I automatically be selected to mark exam papers?
We endeavor to allocate scripts to all available Markers in each session; we cannot, however, guarantee this as the number of available scripts is dependent on the number of student entries. We will always contact you for your own availability beforehand.
How many scripts will you ask me to mark?
Script allocation will vary depending on the number of examination entries received. Usually, you will be asked to mark one ‘load’ a load is approximately 100 scripts.
Do I have to be available at the same time every year?
The exam sessions are twice a year, in April and September. You will be contacted before each session to check your availability. Therefore, you would need to be available after the session if a Marker, Examiner and Chief Examiner and before the session if you are a Chief Examiner or Examiner as these roles are involved in the writing of the paper. The IFoA will usually allow up to 4 weeks post exam for marking of papers.
Can I claim CPD for the role?
You can claim CPD hours for the marking/scrutiny meetings you are asked to attend. The Membership team are responsible for CPD hours and any queries should be directed to them.
How much will I be paid for the role?
The remuneration for each position varies depending on the role and work required. The fees are outlined in the Schedule of Service which is provided upon successful appointment. We understand that the fees paid do not reflect the market rate for Actuaries. We do however recognise the dedication and inspiration to help others on their journey as Actuaries.
When will I get paid?
Payment will be made once the session is complete; this is usually after the issue or results. Detailed information is available on the individual schedule of services for each position. You will however be provided with an invoice template to use.
Do I pay tax?
Any payment received from the IFoA in relation to work undertaken should be declared as income, each individual’s tax arrangements vary and any advice should be sought from HMRC or your own tax adviser (from the country in which you reside). We are unable to give advice on tax issues.
If I apply for a role as an Examiner, do I need to do any form of testing?
Applicants will be asked to write a specimen question on the subject chosen; it may also be necessary to undertake a test marking exercise for those who have no marking experience.
How long is my contract with the IFoA?
The tenure of the position is usually 2-3 years, we will, however, discuss extensions to this with individuals at the time.
I am currently an Exam Test Candidate, can I automatically move to a Marker role?
Exam Test Candidates do not automatically become Markers and should apply for available roles by completing the application form.
I am already a Marker, how do I progress to the Examiner position?
All available positions will always be advertised on the Paid Opportunities page, to become an Examiner, you should have already gained marking experience. The Examiners write the exam papers with a small team and they also undertake any review of marks awarded by the first two Markers.
About the teams
Who are the Quality team?
The Quality team deal with the recruitment of paid and some volunteer positions, they are the first point of contact during the recruitment process. The Quality team work closely with the Assessment team; both teams are based in Oxford.
Who are the Assessment team?
The Assessment team work closely with the examination teams for all subjects. They are responsible for the relationship between the IFoA and the subject teams. They allocate the number of scripts for marking and arrange the marking and scrutiny meetings.
Filter or search events
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.