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© 2010 The Actuarial Profession  www.actuaries.org.uk Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate.

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Presentation on theme: "© 2010 The Actuarial Profession  www.actuaries.org.uk Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate."— Presentation transcript:

1 © 2010 The Actuarial Profession  Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Imperial College, London – April 2012 Dr Trevor Watkins, Director of Education The Institute and Faculty of Actuaries Ken Guthrie, Managing Director of Education & CPD Society of Actuaries, Chicago, USA Presentation to the HEA Conference on work based competencies

2 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Presentation Plan 1 © 2010 The Actuarial Profession  1.UK work based skills (WBS) process 2.US work based competencies process 3.Comparison and discussion 4.Questions

3 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills 2 © 2010 The Actuarial Profession  Successful actuaries need: –Theoretical Knowledge (exams) –Practical Skills (work place) –Professionalism (workplace and discussion with others)

4 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills 3 © 2010 The Actuarial Profession  Successful actuaries need: –To think about how to meet consumer needs –To understand the business context –To communicate to a wide range of audiences –To recognise the ‘public interest’ –To work in ‘multi-disciplinary’ terms

5 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Aims of Work based skills To help students: –Understand the interaction between theory and practice when using actuarial techniques –Understand the commercial environment –Work within a professional and ethical framework –Communicate with stakeholders and colleagues 4 © 2010 The Actuarial Profession 

6 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Aims of Work based skills To help students: –Develop management skills including self-management –Satisfy the public need for competence –Understand the need for continuing development –Develop processes for reflection and self-assessment of competence 5 © 2010 The Actuarial Profession 

7 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills 6 © 2010 The Actuarial Profession  Work based skills Emphasis on: –Development –Reflection –Discussion Not on: –Absolute standards

8 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Work based skills Process - Student completes a learning log –Skills addressed –Courses taken –On-the-job-training –Evidence of questions addressed and feedback given by supervisor –Future plans –Periodic review with supervisor 7 © 2010 The Actuarial Profession 

9 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Key dimensions –Technical application of actuarial skills –Judgement –Professional and ethical –Communication –Commercial –Information communications technology –Management 8 © 2010 The Actuarial Profession 

10 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Work based skills Commercial dimension –Understand a wide range of stakeholder interests –Understand internal and external customer needs –Manage expectations of clients and customers –Find solutions which add business value 9 © 2010 The Actuarial Profession 

11 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Work based skills Sample questions –For one key issue you dealt with in a recent piece of work what factors influenced it? What impact did the issue you were dealing with have on other areas of business? –How has the work that you have undertaken added value to the organization? What technical skill have been of most use in the process? –Contrast two recent meetings that you attended, one which went well and one less well. What made the difference? What would you do differently next time? 10 © 2010 The Actuarial Profession 

12 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Work Based Skills Work based skills Practical points for employers –Ensure students acquire breadth of skills –Commitment to work based training not just examination study –Allow time for discussion –Tie in with appraisal? –Possible accreditation of employers’ appraisals schemes for work based skills. 11 © 2010 The Actuarial Profession 

13 SOA work based competencies

14 13 A Strategic Initiative  Understand and meet stakeholder needs.  Develop an understandable framework (model).  Apply learning at individual, team and organizational levels.

15 14 Definitions  Competency A demonstrable ability (the synthesis of skills, knowledge, and attitudes) that contributes to an essential outcome (product or service) that defines an individual as qualified.  Competency framework (model) A meaningful organization of competencies that may be organized by content, role, position or a combination and are used for a variety of purposes and processes.

16 15 Framework Success  Buy-in  Wide participation  Rigorous methodology  Confirmatory  Commitment to use and apply  Flexibility and future orientation

17 16 Building the Framework 6 Phases: 1.Stakeholder need validation 2.Project definition and planning 3.Framework design, development and validation 4.Model implementation 5.Curriculum design and development 6.Ongoing framework and educational program alignment, evaluation and post-framework development initiatives

18 17 The starting point  "Looking 3 to 5 years into the future, to be valued for their professionalism, technical expertise and business acumen, actuaries must have or develop skills that include..." Generated over 1500 responses across all practice areas Narrowed to 100/practice

19 18

20 19 Point Map Each number corresponds to a knowledge/skill/ability. The map shows the relationships among these

21 Cluster & Point Map Cluster analysis is used to statistically group skills into distinct groups or competencies.

22 21 1. Communication 2. Professionalism and Ethics 3. Business and Economic Acumen/Industry Knowledge 4. Leadership 5. Relationship Management and Interpersonal 6. Technical and Analytical Problem Solving 8. Results Oriented Solutions 7. Strategic Insight Layer Value to to to to to 3.42 Importance

23 22 Performance Color Value █ 3.93 to 4.17 █ 3.68 to 3.92 █ 3.43 to 3.67 █ 3.18 to 3.42 █ 2.93 to Communication 2. Professionalism and Ethics 3. Business and Economic Acumen/Industry Knowledge 4. Leadership 5. Relationship Management and Interpersonal 6. Technical and Analytical Problem Solving 7. Strategic Insight 8. Results Oriented Solutions

24 Communication 2. Professionalism and Ethics 3. Business and Economic Acumen/Industry Knowledge 4. Leadership 5. Relationship Management and Interpersonal 6. Technical and Analytical Problem Solving 7. Strategic Insight 8. Results Oriented Solutions Importance Performance

25 24

26 25

27 26 Findings / Implications for SOA  Technical skills and professionalism seen as core  Non technical, (communication, commercial judgment, business management) used as differentiators  Framework must support multiple career paths  Framework should be organic and must add value

28 27 IFA / SOA Comparison  Competencies and work based skills remarkably similar  Differences in goals and approaches  See common implications for trainees  Both making changes based on findings  Brings new dimension to benchmarking project

29 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Any questions? 28 © 2010 The Actuarial Profession 

30 Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Imperial College, London – April 2012 Dr Trevor Watkins, Director of Education The Institute and Faculty of Actuaries Ken Guthrie, Managing Director of Education & CPD Society of Actuaries, Chicago, USA Presentation to the HEA Conference on work based competencies


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