The President of the ºÚÁÏÕýÄÜÁ¿ (IFoA) is a volunteer role held by a Fellow or Associate of ºÚÁÏÕýÄÜÁ¿. Although the core presidential role is not remunerated, the role holder also has a place on ºÚÁÏÕýÄÜÁ¿ Board for which, in line with other Board members, the role is remunerated.
Required commitment
- Has the time, energy, and support (home and work) to commit to a 3-year term: 1 year as President-elect (from our Annual General Meeting this year to our AGM in 2025) and 2 years as President (from our AGM in 2025 to our AGM in 2027)
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- A minimum of 1 to 2 days per week on average as President-elect
- A minimum of 2 days per week on average as President, including international travel and approximately 20 days a year as a member of ºÚÁÏÕýÄÜÁ¿ Board
(Please note that the above time commitments are simply a guideline and will be impacted by the activity of the Presidential Team and Council in any particular year.)
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Specific duties
- Chair of Council (as President)
- Member of IFoA Board (as President) – and therefore must meet the requirements of the task and person specification and the skills and competency assessment for a member of ºÚÁÏÕýÄÜÁ¿ Board
- Chair or member of other committees as required
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Desired skills
- Strong collaborative leader
- Strong communication skills – a motivator and influencer
- Effective meeting chair
- Acts as an ambassador – public speaker, diplomat, stakeholder management
- Acts as an exemplar of the principles and requirements set out in ºÚÁÏÕýÄÜÁ¿â€™s governance manual and volunteer information pack
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Desired experience
- Experience of operating at Board level, either as an Executive Board adviser or Board Director
- Experience of membership of one of the main IFoA boards or committees
- International experience
- Volunteering experience through which the candidate would have gained an understanding of ºÚÁÏÕýÄÜÁ¿â€™s structure, culture, and behaviours.
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Remuneration
The core presidential role is not remunerated except for standard expenses policy reimbursements. However, as a member of ºÚÁÏÕýÄÜÁ¿ Board the presidential role will be remunerated in line with other Board members. It is expected that this will be at a level of £18,000 per annum.
The role of President-elect will not be remunerated.
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Election process
The appointment is a decision reserved to Council. The process to be followed is articulated at: Selection process for President-elect 2024/25
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Contact us
To contact the Corporate Secretary, please email CorpSec@actuaries.org.uk