The Institute and Faculty of Actuaries (IFoA) is seeking to appoint an appropriately experienced individual to lead the exam setting of the Actuarial Statistics – Risk Modelling and Survival Analysis (CS2) subject. Further information regarding this subject, including the Syllabus and past exam papers is here:https://www.actuaries.org.uk/curriculum_entity/curriculum_entity/8
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.
- Actuarial Statistics – Risk Modelling and Survival Analysis (CS2)
Application Closing Date: 24 September 2021
The IFoA is the only Chartered professional body, based in the UK, dedicated to educating, developing and regulating actuaries around the globe. We have a worldwide membership of over 33,000 of which over 50% are student members. 47% of our membership and 66% of our students are based outside the UK, reflecting the increasingly global nature of actuarial practice.
There are two IFoA qualifications, the Associate and Fellow qualification. Each qualification comprises of a number assessable subjects.
The Lead Exam Paper Setter will be expected to:
- Provide leadership and management and delivery ,of:
- 3 exam papers (April, September and a Spare paper) for 2022
- Associated exam marking schedules
- Associated exam plans
- Draft exam questions with support from the existing CS2 examination team and other subject matter experts
- Ensure that the secrecy of the exam papers is maintained
- Work closely with the Module Lead, IFoA staff and IFoA Education Actuaries and any other relevant subject experts, to ensure the exam questions align to the syllabus and wider subject content
- Attend and chair meetings as required, including the exam scrutiny meetings
The Lead Exam Paper Setter will report to the Board Officers of the Board of Examiners.
The Lead Exam Paper Setter will be in place until all 3 papers have been set for 2022. The tenure may be extended for a further period by mutual agreement.
The role requires chairing at least one exam paper scrutiny meeting to ensure the examination material is appropriate and will be delivered by the required deadlines. Participation will be online via Blue Jeans, Microsoft Teams or similar.
In addition to these meetings there will be follow up actions and communications with the examining team and executive staff along with editing and writing and signing off relevant material.
All meetings are held in London, UK time (GMT +0)
The total time commitment will be approximately 60-80 hours.
This is a remunerated role and a fee will be paid.
- Experience as an effective team leader
- In depth and up to date knowledge of the subject area to be examined
- Experience and knowledge of exam setting processes either within the IFoA, another professional body, university or other education organisation
- Identification of cultural and language differences for the purpose of exam setting.
- Understanding of the IFoA pre-qualification processes
- Strong and effective communication and interpersonal skills
- Ability to meet deadlines
- Attention to detail
- Access to, and familiarity with IT systems.
- An appreciation of the challenges facing professional bodies
- Understanding of the IFoA strategy of the IFoA
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’.
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.
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