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Marker

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

CS1-A Actuarial Statistics (Written Paper)

CS1-B Actuarial Statistics (Online Paper- R or equivalent experience required)

CS2-A Risk Modelling and Survival Analysis (Written Paper)

CS2-B Risk Modelling and Survival Analysis (Online Paper- R or equivalent experience required)

CM1- A/B Actuarial Mathematics 

CM2-A/B Financial Engineering and Loss Reserving

CB1 Business Finance

CB2 Business Economics

CP1 Actuarial Practice

CP2 Modelling Practice

SP1 Health and Care

SP4 Pensions

SP6 Financial Derivatives

SP8 General Insurance Pricing

SP9 Enterprise Risk Management

Apply now

Applications will be processed as received.

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

Complete the application 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


Current vacancies:

CP2

Apply now

Complete the application form

Filter or search events

Start date
E.g., 17/01/2020
End date
E.g., 17/01/2020

Events calendar

  • New Year Member Event and Volunteer Reception in Hong Kong

    Club@28, Crowne Plaza Hong Kong Causeway Bay, Causeway Bay, No.8 Leighton Road (Chinese address :香港铜锣湾皇冠假日酒店28层Club@28, 香港铜锣湾礼顿道8号 )
    17 January 2020

    Spaces available

    The IFoA Beijing Office invite all of our members to join the New Year Member Event and Volunteer Reception. We would like to thank all our members and volunteers, to congratulate all the new qualifiers in the September exam session, and to celebrate the New Year 2020 and the Spring Festival together!

    This social event is free and open to all IFoA members.

    Save the date and join us!

  • New Year Member Event and Volunteer Reception in Shenzen

    Shenzhen:  GlassHammer Bar, L1-131-133, Futiam Shopping Mall, Shenzhen. (Chinese address: 玻璃锤精酿啤酒屋(原Taps),深圳市福田区购物公园1楼商铺131-133)
    17 January 2020

    Spaces available

    The IFoA Beijing Office invite all of our members to join the New Year Member Event and Volunteer Reception. We would like to thank all our members and volunteers, to congratulate all the new qualifiers in the September exam session, and to celebrate the New Year 2020 and the Spring Festival together!

    This social event is free and open to all IFoA members.

    Save the date and join us!

  • New Year Member Event and Volunteer Reception in Shanghai

    Shanghai: Bluefrog (next to Super Grand Mall), No. 12-14 Fucheng Road, Shanghai. (Chinese address: Bluefrog蓝蛙正大店,富城路12-14号,正大广场对面)
    17 January 2020

    Spaces available

    The IFoA Beijing Office invite all of our members to join the New Year Member Event and Volunteer Reception. We would like to thank all our members and volunteers, to congratulate all the new qualifiers in the September exam session, and to celebrate the New Year 2020 and the Spring Festival together!

    This social event is free and open to all IFoA members.

    Save the date and join us!

  • New Year Member Event and Volunteer Reception in Beijing

    Beijing: Jazz.ya APM,L621-623, Sun Dong An Plaza Plaza, No. 138 Wangfujing Street, Dongcheng District, Beijing (Chinese address: 北京市东城区王府井大街138号新东安广场L621-623商铺)
    17 January 2020

    Spaces available

    The IFoA Beijing Office invite all of our members to join the New Year Member Event and Volunteer Reception. We would like to thank all our members and volunteers, to congratulate all the new qualifiers in the September exam session, and to celebrate the New Year 2020 and the Spring Festival together!

    This social event is free and open to all IFoA members.

    Save the date and join us!

  • Sessional Meeting - Operational Risk Dependencies

    Royal College of Physicians of Edinburgh 9 Queen St Edinburgh EH2 1JQ
    20 January 2020

    Fully booked.

    The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk.

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • The Great Risk Transfer – Breakfast briefing and launch event

    Staple Inn Hall, High Holborn London WC1V 7QJ
    31 January 2020

    Fully booked.

     

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Joint IFoA and SOAT Professional Skills Training event - Bangkok

    Thai Life Insurance PCL, 13th Floor, Meeting Room 13/2, 123 Ratchadaphisek Road, Din Daeng, Bangkok 10400, Thailand  
    7 February 2020

    Spaces available

    This session is jointly organised by the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries of Thailand (SOAT).

    Video case studies will be selected from the IFoA’s 2019/2020 online content which covers a range of topics under an overarching theme of “A Trusted Profession”. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

     

  • Cyber Risk Event

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    10 February 2020

    Spaces available

    What do good cyber practices look like and, to what extent, can we as an industry implement these operationally and recognise these for underwriting?

  • KSS event: Where now for pensions?

    Royal London Group, 1 Thistle Street, Edinburgh, EH2 1DG
    18 February 2020

    Spaces available

    With a single party government at Westminster holding a comfortable majority, and with the first phase of Brexit complete, the potential for radical reforms of the pensions landscape is increased. 

    Former Pensions Minister Steve Webb discusses what changes we can expect to see in pensions including in state pensions, pension tax relief, automatic enrolment and the workplace pension landscape.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • KSS event: How is Scotland’s population changing and what are the implications?

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Spaces available

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    We are also delighted to announce that the Honourable Mr. Lim Guan Eng, Minister of Finance, Malaysia, will be the guest of honour at this year's conference.

    Should you be interested in presenting and sharing your expertise with international industry players, opinion formers, peers, and academics, please submit your proposal by 20 January.

    Early bird registration is now open until 1 March.  10% group discounts are offered to a minimum of six IFoA members booking in a single transaction.  Limited spaces are available, so please sign-up early to avoid disappointment.