The Institute and Faculty of Actuaries (IFoA) is seeking to appoint appropriately experienced individuals to support the delivery of assessment marking of the IFoA qualifications. Please note students of the IFoA or any other actuarial association will not be considered.

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.

Current vacancies

No current vacancies

Recruitment for the September 2020 session has now been completed. If you wish to register your interest for future sessions you may do so using the below form. 

Future vacancies: register your interest

Complete the expression of interest form

Task Specification

Background

The IFoA is the UK’s only chartered professional body dedicated to educating, developing and regulating actuaries based around the globe. We have a worldwide membership of over 32,000 of which over 51% 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.

The IFoA Council sets the strategy, with Executive staff responsible for its execution. The Lifelong Learning Board is responsible for the oversight of delivery of specific aspects of this strategy related to the pre-qualification education of actuaries, and their continuing professional development and lifelong learning.

The IFoA qualifications comprise of a number of modules and related assessment subjects. The Lifelong Learning Board delegates the oversight and assessment of the qualification standards to the Board of Examiners with Markers appointed for each assessment subject to support the execution of this.

The Marker will be expected to

  • Carry out their responsibilities in a proper and impartial manner and in accordance with IFoA governance.
  • Prepare thoroughly for the exam, ensuring that they are familiar with the current general exam structure and latest core reading, which will be made available.
  • Ensure that the secrecy of the exam papers is maintained.
  • Carry out script marking as required in line with IFoA regulations, policies and procedures, within agreed deadlines.
  • Where required, support the preparation of the exam results and statistics.
  • Foster a mutually respectful relationship with the Executive.

Reporting

The Marker will report to the Chief Examiner or Lead Examiner of the subject.

Tenure

The Marker will be appointed for a period of two years. Tenure can continue to be extended for a further two years by mutual agreement.

Time commitment

The role requires a sample of exam scripts to be marked, and marks submitted prior to attending a marking meeting. At the meeting, marks awarded are discussed and markers develop a shared understanding of the marking criteria.

In addition to these meetings there will be follow up actions and communications with the examining team and executive staff.

Sample marking

A total of 5-10 hours is required to mark sample scripts both before and after the marking meeting. This time also includes annotating any suggested changes or questions on the marking schedule. Marking meetings will usually take place up to 2 weeks after the exam being sat, and a minimum of 3 hours should be allowed for this.

Exam marking

Marking times may vary depending on the experience of the Marker and level of familiarity with the exam, but Markers should initially plan their time commitments to allow 30-40 minutes per script.

You will be sent a marking deadline by the Assessment team; usually you will be given 4 weeks to complete your allocated marking.The main marking for the April session takes place April/May and for the September session usually October.

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 candidates taken forward to interview.

Person Specification

Essential

  • Up to date knowledge of the subject area.
  • Time management and experience of working to tight deadlines.
  • Ability to review and comment on documentation.
  • Familiarity with IT systems.
  • Ability to work collaboratively as part of a team.
  • Qualified Actuary or suitably qualified academic.

Essential IT requirements

Markers will be expected to use the IFoA’s e-Marking platform ‘RM Assessor 3’ for examination script marking, therefore access to a PC, laptop or tablet is essential with the following requirements:

Recommended & supported devices

Below are devices and platforms that RM Assessor 3 can use used on:

  PC Mac Android Tablet iPad
Processor Intel i3+ or equivalent Quad core+ iPad Air (v1+), Mini (v2+) or Pro
Memory 4 GB+ 2GB+
Screen size 8" or larger, minimum resolution 1280x720
Operating system Windows 7, 8.1 or 10 macOS 10.11+ Android 6+ iOS 10+
Browser* Chrome, Firefox, Edge** Chrome, Firefox, Safari Chrome Safari
Input supported Mouse and Keyboard Mouse and Keyboard Touch and Keyboard Touch and Keyboard

* Browser support is for the current and the previous major version of each browser.
** Internet Explorer 11 (IE11) is also supported but is not recommended to achieve the best user experience.

Claiming CPD

Only attendance (by phone or in person) at markers’ meetings may be counted towards your CPD requirement where the activity addresses a learning need. Time engaged in marking or attending exams cannot be counted towards your CPD requirements

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 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’.

Additional Information

The IFoA delivery team is made up of IFoA Executive staff and our volunteer community.  Every individual who supports the IFoA, is valued, and are recognised, as part of our volunteer community and works in partnership with the IFoA Executive staff to deliver our strategy and Royal Charter, in line with our values 

At the IFoA the term “volunteer” includes volunteers (members and non-members: lay), Office Holders, and Self Employed Contractors (paid roles).

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.  The key elements will be highlighted to you as part of your contract for services with the IFoA.

Please note students of the IFoA or any other actuarial association will not be considered


 

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Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.