Would you like to work with the Institute and Faculty of Actuaries (IFoA) Executive staff to help oversee and develop our global Quality Assurance Scheme (QAS)? If so, please read on!
Application closing date: 28 June 2024
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 has been in operation since 2015 and has become a key IFoA global initiative. There are now 42 organisations that hold the QAS accreditation. 32 of which are based in the UK and 10 located through Malaysia, Hong Kong, Thailand, Nigeria, India and UAE.
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.
The QAS Committee is accountable to the Regulatory Board and is responsible for awarding accredited status to organisations (on the basis of recommendations made by an independent assessment team) and for monitoring those accreditations once awarded. It also provides recommendations to the Regulatory Board in relation to its operation including any issues.
Additional information about the QAS and its terms of reference is on our website.
We are seeking one Lay (non-actuary) member to join the Committee.
If you are interested in this role and would like an informal conversation prior to submitting your application, please contact Emma Dalziel, Quality Assurance Scheme Executive, at Emma.Dalziel@actuaries.org.uk.
Members of the QAS Committee will work together and be involved in discussions and decisions regarding:
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.
This is a three-year appointment, with the potential for renewal for a further three years. There may be flexibility with this tenure and applicants are encouraged to discuss any requirements with the QAS Manager.
An honorarium of £350 per seven-hour day is payable, plus reasonable travel expenses.
The QAS Committee usually meets six times per year. Meetings will be held at an appropriate time of the day to include all members joining from different regions. Papers tend to be sent out a fortnight before the meetings and committee members are expected to make time to read the papers to ensure that they can participate in the discussion during the meeting.
It may also be necessary to have additional ad-hoc meetings to discuss particular issues. Meetings are usually held by video call, with the intention of carrying out one in-person meeting per year.
The Committee may deal with matters which are potentially commercially sensitive, Committee members must declare any conflicts of interest (including apparent or potential conflicts) and will also be required to keep information confidential.
Committee members will report to the Lay Chair, who reports to the Regulatory Board.
Post-holders will ideally be able to demonstrate the following skills and experience:
This presents an opportunity for those with an interest in understanding and influencing processes and procedures relating to assuring quality of work are truly embedded within the culture of an organisation on a global scale.
It allows those volunteers to help shape the QAS and to ensure that it is a successful scheme which provides value and benefit to members, the public, businesses and the actuarial profession as a whole.
It may also provide opportunities for some to be able to claim CPD in line with the requirements of their professional body.
If, having read the documents above, you would like to express an interest in volunteering to join this Committee, please email hrsupport@actuaries.org.uk by the closing date of 28 June 2024 with:
We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.
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. Before offering to provide support, please read ‘what you need to know’.
Please email the HR Team if you require:
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.
If you have any questions for the HR Team, please email us.
We aim to respond to all initial enquiries within 3 working days.