Fellowship program: exam scrutineers required for 2020
The Institute is seeking multiple Scrutineers for the following Part III subjects for 2020:
Part III – Fellowship Program:
- C10 - Global Retirement Income Systems
- C10 - Life Insurance
- C10 - General Insurance
- C10 - Enterprise Risk Management
- C10 - Environmental, Social and Governance
- C10 - Banking
- C3A - General Insurance
- C3B - General Insurance
- C5B - Investment Management &Finance
- C6A - Global Retirement Income Systems
The role involves providing feedback to the Chief Examiner about subject assessments, including: first sitting the relevant exam under exam conditions and completing the Scrutineers Review Form providing comments on time given and actual time taken, question suitability, marking guide (solutions), recommended pass mark, consistency between questions and the marking guide, clarity, coverage, difficulty and length of examination papers. Following this, the Scrutineer will be sent the draft exam solutions and asked to assess and comment on these.
- The Semester 1, 2020 exam scrutineering period is from Monday, 10 February 2020 - Monday, 24 February 2020.
- The Semester 2, 2020 exam scrutineering period is from Monday, 20 July 2020 - Monday, 3 August 2020.
The ideal Scrutineer will need to be flexible around this period and should at least be a newly qualified Fellow. If you are interested in the role or would like more information (including details regarding payments), please contact Krystel Rowe.
Fellowship Program: Assignment Scrutineers required for 2020
The Institute is seeking multiple Scrutineers for the following Part III subjects for 2020:
Part III – Fellowship Program
- C3A - General Insurance
- C5A - Investment Management & Finance
- C6B - Global Retirement Income Systems
The assignments are produced a semester in advanced as the assignment is required to be available to students when enrolment period commences. The role involves providing feedback to the Chief Examiner about subject assessments, including: first attempting the assignment and completing the Scrutineers Review Form providing comments on time, question suitability, marking guide (solutions), recommended pass mark, consistency of questions and the marking guide, clarity, coverage, difficulty and length of the assignment. Following this, the Scrutineer will be sent the draft assignment solutions and asked to assess and comment on these. The assignment should take between 10 and 15 hours for a candidate to complete and should align with some parts of the syllabus.
- The Semester 2, 2020 assignment scrutineer period is from Monday, 2 March 2020 - Monday, 16 March 2020
- The Semester 1, 2021 assignment scrutineering period is from Monday, 10 August 2020 -Monday, 24 August 2020
If you are interested in the role or would like more information (including details regarding payments), please contact Krystel Rowe.
GENERAL INSURANCE PRACTICE COMMITTEE (GIPC) CONVENOR
The GIPC is seeking expressions of interest from members to become Convenor of the GIPC. The current Convenor has indicated his intention to step down at the end of the year and the Institute is keen to see a smooth changeover. The Institute thanks Jeremy Waite for his contribution to the profession as GIPC Convenor. There is ongoing community focus on many aspects of general insurance, including due to implementation of recommendations from the Royal Commission, and this is an opportunity to get involved and increase the influence of the Actuaries Institute in GI.
The GIPC has several key functions, including:
- Contributing to the strategic direction of the Institute;
- Actively supporting the development of actuarial practice through the Institute’s education, CPD, standard-setting, public policy and research activities; and
- Actively identifying and promoting opportunities for members working in GI and facilitating communication and liaison within the profession.
The responsibilities of the GIPC include:
- Identifying new and emerging technical and practice needs of members.
- Identifying risk exposures for the profession in general insurance and making recommendations to Council on how to manage these.
- Maintaining and developing professional education materials, including reviewing the course syllabus.
- Identifying continuing professional development needs of members and developing CPD programs and opportunities.
- Identifying potential issues for research and development.
- Reviewing and developing relevant Professional Standards, Practice Guidelines, Information Notes and Discussion Notes.
- Preparing public policy submissions on technical issues affecting general insurance and on matters of broader public interest, including research activity.
- Communicating on a regular basis with members (e.g. via Actuaries Digital articles) on issues and developments affecting general insurance.
- Developing links with other actuarial bodies (overseas) and relevant professional and industry bodies.
- Reviewing existing and identifying new Policy Statements for Council’s ‘Statements of Policy and Procedures’.
The Convenor of the GIPC will drive the Committee to fulfil its responsibilities. In addition, there are formal regular duties to undertake including:
- Chairing the monthly GIPC meetings; and
- Briefing Council on GIPC activities/issues periodically.
GIPC is building out its capability by establishing various working groups to support it. Current working groups of GIPC are: Ethical decision making using data and analytics; Emerging man-made risks and opportunities (e.g. cyber and insuretech); Climate and weather (e.g. natural disasters, reinsurance and climate indices such as the Australian Actuaries Climate Index); Policy and Standards (e.g. APRA and capital, tax and accounting); Topical issues (e.g. Insurance affordability and the Royal Commission related regulatory program – including Unfair Contract Terms, Design and Distribution Obligations, Product Intervention Powers); Personal Injury and Health (e.g. accident compensation, mental health); and Research and Innovation.
Those interested in applying should send their CVs to email@example.com no later than close of business 19 November. The GIPC Convenor will consider applications and recommend the approved candidate to Council. Members wishing to discuss aspects of the role should contact current GIPC Convenor Jeremy Waite on firstname.lastname@example.org or Institute CEO Elayne Grace on email@example.com.
LIWMPC PROFESSIONAL DEVELOPMENT COMMITTEE VOLUNTEER OPPORTUNITY
The Life Insurance & Wealth Management Practice Committee (LIWMPC) is seeking several volunteers to join their Professional Development committee. The Professional Development Committee supports the development of actuarial practice through CPD activities and member communication. The key responsibilities of the committee include:
- Identifying continuing professional development needs of members and developing CPD programs and opportunities (e.g. via Insights sessions)
- Communicating on a regular basis with members (e.g. via e-newsletters and Actuaries Digital articles) on issues and development affecting life insurance and wealth management.
We are seeking volunteers across a diverse range of experiences (university students through to experienced actuaries) and across different backgrounds to ensure the CPD programs and member communications that are developed appeal to different members of the profession. This is a great opportunity for members to expand their network and to help shape to delivery of future professional development programs.
Interested members who would like to join should contact Melissa Yeoh.
PROFESSIONAL STANDARDS COMMITTEE MEMBERSHIP: EXPRESSIONS OF INTEREST
The Institute is seeking expressions of interest from Fellows to join the Professional Standards Committee (“PSC”).
About the PSC
The PSC plays a key role in the way in which the Institute protects the public interest and the reputation of the Australian profession. It does this by ensuring that the Institute’s professional standards provide clear, properly drafted, relevant, accessible and up-todate technical and professional support for members of the Institute. In this context, the PSC works in tandem with Practice Committees (which have responsibility for updating/drafting standards in their practice area) and reviews proposed standards or amendments before these are released for member comment or submitted to Council for approval.
Overseeing work on new standards, and amendments to existing standards, will continue to be the primary focus of the PSC. It is also envisaged that the PSC will undertake a number of strategic initiatives over the next 3 years and that it may become more closely involved in the development of Practice Guidelines produced by the Practice Committees.
The PSC is also leading the Institute’s response to the development of International Standards of Actuarial Practice (“ISAP”) by the International Actuarial Association. This includes the adaptation of ISAPs for application in Australia where applicable.
The PSC meets six times a year for 2.5 hours and is supported by the Institute’s General Counsel, Professionalism.
You will be a Fellow who has an interest in governance aspects of the profession. Your experience across diferent practice areas would position you particularly well to contribute to the broad scope of the PSC’s work, as would your experience in the interpretation and application of professional standards. An involvement in international activities of the profession would also be well regarded, although not essential.
Fellows interested in this role are requested to provide a short statement (one-two pages) regarding their interest and qualities/experience relevant to the role, as well as a short CV. This information should be sent to Linda Vogel by the close of business on 14 November 2019. Please note that appointments to the PSC are subject to approval by Council.
Life Insurance application reviewers
Life Insurance Actuaries, the Actuaries Institute needs you to support the future life insurance actuaries.
Individual Module Review
Materials are prepared by the Institute's Actuarial Educators with input from the Education Faculty and Practice Committee and the Institute is seeking people to provide a high level review of the content of specific sections within the Valuations Cycle module. The sections will be ready for review by the end of October and ideally we would like your feedback within a fortnight.
- Experience Analysis and assumption setting for valuations
- Valuation of policy liabilities
- Financial statements in practice
- APRA and ASIC returns in practice
- Analysis of profit in practice
If you have relevant experience in these areas and are able to help please contact Georgina Hemmings for more details.
student committee - curtin university representative
The Actuaries Institute is seeking a dedicated student member who is currently completing their Part I and Part II with Curtin University to join the Student Committee.
The Student representative from the University, he or she will need to be link between the Actuaries Institute and the Actuarial Student Society. Committee members will have the opportunity to share different viewpoints and provide feedback to the Institute on improving the services it offers to its members.
The key responsibilities of the Student Committee will be:
- Canvassing opinions from students and identifying issues of interest or concern in the education program or student services, for consideration by the Education Council Committee.
- Providing specific feedback on education issues, proposals or draft plans to the Education Council Committee.
- Providing a link to the Actuarial Student Societies at accredited universities to ensure effective Institute support and gain feedback.
- Preparing reports to the Education Council Committee.
If you are interested in being a part of this committee, please send your resume to Krystel Rowe.
high school volunteers
The Actuaries Institute's High School Program aims to nurture the interest of mathematically gifted high school students so they are able to consider the actuarial profession at an early stage. We organise school visits where volunteers will deliver a presentation on the profession, outline pathways and also engage in Q&A and share their personal journey to becoming an actuary.
The Institute is looking to further expand and improve the program in 2019. If you are interested in becoming involved in the program or would like more information, please contact Jennifer Yu.
This page will be updated regularly with new and existing vacancies. In the meantime, please send any volunteering expressions of interest to volunteers@actuaries .asn.au