IFoA – QAS Lay Member

The Institute and Faculty of Actuaries (IFoA) is the UK’s chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally.

The IFoA regulates and represents over 32,000 members worldwide, overseeing their actuarial education at all stages of qualification and development throughout their careers. We set examinations, continuing professional development, professional codes and disciplinary standards for our members.

The IFoA’s Quality Assurance Scheme Committee is tasked with overseeing the voluntary accreditation scheme for organisations, known as the Quality Assurance Scheme (QAS), on behalf of the Regulatory Board.

The QAS is an outcomes based scheme, with accredited organisations required to meet the three outcomes; Professionalism, Development & Training and Organisational Culture. The QAS offers organisations the opportunity to gain recognition for high-quality standards and provides a framework for their actuarial work. Accreditations are used by organisations to denote commitment, compliance, and to celebrate the process of continuous improvement.  

We are seeking one Lay (non-actuary) member to join the Committee. 

As a Lay (non-actuary) member of the Committee, this role will have a specific responsibility for ensuring that an independent perspective is added to the work of the Committee and that there is regard for the public interest underpin to the QAS.

Post-holders will ideally be able to demonstrate the following skills and experience:

  • Will usually have a minimum of 5 years recent experience of working in a relevant professional or other environment
  • Excellent oral communication skills, including proven ability to work effectively with others as part of a team
  • Excellent written communication skills
  • Able to demonstrate a good knowledge and understanding of ethical issues affecting professions
  • Have a good understanding and working knowledge of good practice in terms of quality assurance policies and procedures including, but not limited to: conflicts of interest, work review, speaking up, and complaints handling.

This is a three-year appointment, with the potential for renewal for a further three years. An honorarium of £350 is payable per seven-hour day, plus reasonable travel expenses. Currently there are around six (mostly virtual) meetings per year. Post-holders will also be required to allocate time to read papers in advance of meetings.

The full job description is available on https://actuaries.org.uk/ifoa-jobs/quality-assurance-scheme-qas-committee-lay-member/

To apply, please send the following to HRsupport@actuaries.org.uk before the closing date of 28 June 2024:

•           brief details of your relevant experience

•           your reason(s) for wishing to get involved

•           a brief copy of your CV and full contact details.

Alternative format and adjustments

Please email the HR Team if you require:

  • any information regarding our vacancies in an alternative format
  • any adjustments to support you to fully participate in any part of the application and recruitment process

Any information shared will be used only to enable us to make reasonable adjustments to support candidates to participate in the recruitment process. It will not inform selection decisions.

You can reach us at HRsupport@actuaries.org.uk.

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