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 are becoming an End Point Assessor Organisation (EPAO), and will be responsible for administering the assessment requirement.
Individuals 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 the Professional Skills and Personal, Professional and Development 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 from the Education and Skills Funding Agency.
Applications will be processed upon receipt.
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- A Case Study that demonstrates the capability of the apprentice to deliver the core functions of the role and covers a variety of requirements from across the standard.
- A portfolio-based Interview, reviewing the skills, knowledge and behaviours developed throughout the apprenticeship, focussing particularly on the remaining areas of the standard not evidenced by the Case Study.
What we are looking for
In preparation of the IFoA carrying out these assessments we are seeking:
- Writers to create a library of case studies and questions for a question bank
- Assessors 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
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.
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.
This role will be key in assessing 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 also 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.
We are intending to develop a bank of 36 competency-based questions, which will be used during the interview stage of the assessment. The questions will be required to cover the competencies set out in the Knowledge Skills and Behaviours framework.
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 qualified to at least Associateship level
- have proven writing skills
- In depth and up to date knowledge of the subject area(s)
- Ability to work independently while meeting deadlines
- Strong and effective communication and interpersonal skills
- Recognising the need to respect cultural and language differences
- Experience of communicating complex technical actuarial results to a non-technical audience
- An understanding of the UK Government Apprenticeship Scheme
- An appreciation of the challenges facing professional bodies
- Experience of developing education materials including syllabi
- Understanding of the current IFoA’s pre-qualification processes
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.
Future vacancies: register your interest
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