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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.

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E.g., 14/04/2021
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Events calendar

  • Spaces available

    Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators

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    Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

  • Actuarial Innovation in the COVID-19 era

    This event is online. 
    26 April 2021 - 7 May 2021
    Spaces available

    Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.

  • Spaces available

    This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place. 

    Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.

  • Western Europe Town Hall

    28 April 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Western Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.

  • Spaces available

    Sessional Meeting - Free to viewMis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work

  • Finance & Investment Virtual Conference 2021

    Available to watch globally in May.
    10-12 May 2021
    Spaces available

    This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern

  • Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Central and Eastern Europe Town Hall, hosted by John Taylor and IFoA Chief Executive, Stephen Mann. 

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    This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.

  • Spaces available

    Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.

     

  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.