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Independent Examiner

A leading, vital and highly respected role offered by the Institute and Faculty of Actuaries’ (IFoA’s) Engagement and Learning Directorate to Fellows, Associates and Honorary Fellows with experience of setting and marking the IFoA’s exams (or equivalent experience – professional or academic) who would like to be considered for the role of Independent Examiner for the IFoA. 

Working closely with our university partners, you will be monitoring and maintaining the quality and standards of university programmes with IFoA exemption agreements, and ensuring that the exemption recommendation process runs smoothly.

This is a senior role which provides holders with a great opportunity for self-development and to build a global network. It comes with a high level of responsibility and as such we take considerable care in the selection process.

Please note: Student members of the IFoA or any other actuarial association will not be considered.

Positions available: apply now

Complete the application form

Future roles: register your interest

Complete the expression of interest form

Task Specification

During each year of attachment Independent Examiners will:

  • review and comment on draft exam papers and programme materials
  • meet with the university to which they are assigned
  • attend the university’s Exam Board at the end of the exam and resit periods to agree lists of students recommended for exemptions
  • prepare an annual report on the Accredited programme(s), which should address:
    • strengths and shortcomings of the programme
    • the assessment and award processes
    • the programme standards
    • syllabus topics
    • any examples of innovation in the delivery and assessment of the programme
  • attend the IFoA’s annual review meeting for Accredited university programmes and the IFoA’s Independent Examiners meeting

Support

  • Once appointed, as a new Independent Examiner, you will receive training and will be paired up with a mentor. 
  • Administrative support for the role will be provided by the Partnership team and you will report to the Partnership Manager and ultimately to the IFoA Education Committee.
  • Templates and sample documents will be available to review.
  • Travel, on our behalf, will be reimbursed in accordance with our policies.

Tenure

The tenure is for four academic years (renewed annually). Once appointed, you would be part of a bank of Independent Examiners upon which we can draw each year. The Partnership Manager will confirm university allocation in September of each year.

Time commitment

As a guide, our Independent Examiners have indicated that they devote approximately 1 day per month to this role during the course of the academic year, rising to 7 days per month during the exam period of April – June.

Each September, the bank of volunteers is reviewed and we notify those who will be appointed as an Independent Examiner for that academic year.

Person Specification

Members seeking to be appointed as Independent Examiners should ideally have:

  • ability to work as part of a team;
  • experience in actuarial practice and/or are involved in teaching actuarial science programmes;
  • relevant experience in setting and marking the IFoA’s exams, or equivalent;
  • a good working knowledge of the IFoA’s current exam syllabus and structure and awareness of the latest developments;
  • attention to detail and proof reading skills; and
  • excellent time management.

The benefits of becoming an Independent Examiner 

  • networking opportunities to broaden existing relationships and build new ones
  • apply and develop skills and expertise in different environments
  • play a part in the delivery of new approaches to assessment
  • develop an insight into different methods of delivery by universities

Claiming CPD

If you intend to use the time spent on this activity when recording your CPD, remember it must be relevant to your work or role and address a personal development need. You should record an appropriate learning outcome. This is in accordance with the CPD Scheme.

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 Partnership and Lifelong Learning 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 is 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.

Filter or search events

Start date
E.g., 01/10/2020
End date
E.g., 01/10/2020

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.