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FAP – SOA – Customer Service Center
From time to time, the Society of Actuaries SOA receives queries, mostly from candidates, about why we make such frequent changes to the education system. Although we understand some of the frustration, our response to why we make changes is simple: because we must. Broadly, the role of professional education is to develop and deliver a credential that provides a demonstration of mastery of the core knowledge necessary for that profession. This is true for the SOA, but also for any other professional educator—this kind of credentialing is the underpinning of any profession. When regulations change or new techniques are introduced, the credentialing process must reflect those modifications to maintain its relevancy. Most curriculum changes are incremental and are done in the annual curriculum reviews. Some are more substantial and may require specialized, standalone exams to assess mastery.
Tools to Tackle the Modules in 6 Months or Less
Graders are expected to commit to grading hours per year, with flexibility based on your preference and availability. Grading can be performed from home or work via the e-Learning system. We ask all graders to commit to remain on the committee for at least one year. New graders are trained via online reading material, sample paper grading and a conference call with the grading chair.
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