Module Lead - Actuarial Statistics

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Organisation
Institute and Faculty of Actuaries
Locations

London, United Kingdom

Application Deadline

The Institute and Faculty of Actuaries 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 30,000 of which over 50% are student members. 47% of our membership and 64% of our students are based outside the UK, reflecting the increasingly global nature of actuarial practice.

The IFoA qualification structure comprises a number of subjects and related assessments. The Board delegates the authority to review and develop the syllabus, module content and assessment material to a module team. Each module team has a Module Lead who manages a number of subject matter experts to ensure that the module is current, relevant and innovative in its thinking. The team are responsible for developing and producing core reading materials of the subjects. The Module Lead will work closely with the Chief Examiner to ensure the assessments relate to the syllabus and module content.

The strength of our Actuarial Statistics subjects is the emphasis on understanding statistical concepts and methods, and their practical application to actuarial problems. In both Core Statistics 1 and Core Statistics 2, emphasis is placed on being able to apply statistical methods to actuarial problems using real data sets and the open-source software environment R. In developing these subjects, the module teams will be responsible for keeping materials up-to-date and relevant, to ensure that actuaries of the future are equipped to function in their respective specialisations The IFoA is looking for a suitable qualified individual to lead this team

The Module Lead role is a flexible position that can be worked around any existing working or personal commitments.

The Module Lead is expected to

  • Provide overall leadership and management of the Core Statistics subjects to ensure it remains relevant and current.
  • Ensure that the module team carries out its responsibilities in a proper and impartial manner and in accordance with IFoA governance.
  • Challenge, scrutinise and support team members to ensure that the outputs of the module team (syllabus, core reading and assessment material) are delivered to the required quality and standards within the agreed timeframes.
  • Lead the module team in fostering a mutually respectful relationship with the Executive.
  • Attend the annual Module Lead meeting to share best practice and ensure equivalence in standards across the subjects and Modules.
  • Attend the exam paper scrutiny meeting to support the development of the required assessment material (3 exam papers, associated marking schedules and exam plans) to the required standard and quality.
  • Prepare an annual report on the development of syllabus and module content.
  • Highlight any issues for discussion at Life Long Learning Board, Education Committee or appropriate practice area meetings.
  • Consider any matter referred to it by Life Long Learning Board or appropriate practice area meetings.

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