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Apprenticeship level 7 (Actuary) – Assessors, Case Study and question bank Writers

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.

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Applications will be processed upon receipt.

Complete the application form

Future vacancies: register your interest

Complete the expression of interest form

End-point assessment

  • 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
  • Pensions

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.

Task specification

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.

Assessors

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.

Question bank

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.

Remuneration

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.

Person specification

Essential

  • 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

Desirable

  • 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

Complete the expression of interest form

Filter or search events

Start date
E.g., 12/08/2020
End date
E.g., 12/08/2020

Events calendar

  • Spaces available

    A Trusted Profession

    This free 1 hour CPD webinar is designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020 and is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC. 

  • Fully booked.

    This event is now fully booked. To join the wait list, please register here.

    Get ready for the new CPD Scheme launching on 1 September. Join us for a discussion on what the new Scheme will look like in practice. There will be an opportunity to field questions to the IFoA Executive on how the Scheme’s requirements will affect you.

  • Asia Conference Webinar Series

    Webinars
    1 September 2020 - 24 September 2020

    Spaces available

    There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

    This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

     

  • Spaces available

    In this webinar we will provide an insight into enterprise-wide risk management in banking, showing similarities to the world of insurance as well as identifying differences. Just as insurance companies have to submit an ORSA, so bank’s have to submit their own equivalent, the Internal Capital Adequacy Assessment Process or ICAAP.

  • Examination Preparation

    Webinar
    10 September 2020

    Spaces available

    IFoA Webinar on Examination guidance for those candidates sitting Examinations in September, delivered by the Education Actuaries

  • Spaces available

    This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements. 

    The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise.  In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.