Fellowship Admissions Course (FAC)
The final requirement to attain the F.S.A. designation, after all other educational requirements have been completed, is the Fellowship Admissions Course (FAC). The FAC can be taken any time after all other requirements have been completed. Successful completion of the course requires attendance and participation in all education sessions as well successful completion of the oral presentation requirement. Candidates are further reminded that they are also subject to the Code of Professional Conduct.
Recognized by the Canadian Institute of Actuaries.
What is the Fellowship Admissions Course?
As actuaries assume responsible positions within organizations, they need special skills and knowledge to carry out their new roles effectively. The FAC is designed to help actuaries deal effectively with the issues and situations they may confront as they progress in their organizations. It has several goals:
- to increase awareness of professional ethical and malpractice issues and identify strategies to address them;
- to encourage actuaries to approach problem solving from varied directions/perspectives;
- to provide coaching in oral communications, an enabling skill for actuaries
In order to accomplish these objectives, the FAC has been designed to provide the actuary with opportunities to explore these issues over a three-day period and to enhance the skills needed to be effective in these situations. The course uses a combination of lecture, case study discussion and presentation skill building.
What is the Case Method?
The case method is different from other types of teaching approaches in that it is based on actual business situations. After reading a case, participants are asked to interact with other participants in order to analyze the situation and make recommendations for its solution.
Professional ethics cases are used at the Fellowship Admissions Courses. The cases have been developed by practicing actuaries and reflect actual situations that they have encountered. The professional ethics cases are problems from any specialty or type of practice, which could be encountered by actuaries. A professional communications coach will offer tips and guidelines for effective presentations. During a professionalism session, a prominent practitioner will discuss professionalism as a crucial element of successful actuarial practice.
FAC Course Faculty
FAC faculty members are actuaries with extensive experience in the actuarial field and in the management of organizations. All faculty members have been trained in the case method.
Required Oral Presentation
All candidates are required to give an 8-12-minute presentation on the topic from their DMAC project or an actuarial business case that has at least one actuarial stakeholder and one non-actuarial stakeholder. The passing requirements for the presentations include 1) appropriateness of the topic, 2) the length of the presentation and 3) effort/preparation.
Candidates may direct questions on the Fellowship Admissions Course (FAC) to firstname.lastname@example.org.
*Tentative dates and locations are subject to change without notice
Candidates will receive registration materials for the next available FAC via email after they have successfully completed all requirements for Fellowship. Note that the invitation emails will be sent out once every 2 weeks.
Questions on the (FAC) may be directed to email@example.com or 847.706.3561.
Candidates are instructed that they must allow up to eight weeks for the grading of their FSA modules and/or DMAC project; more time may be required if multiple graders are necessary.
Questions on the FSA Modules and/or DMAC project may be directed to firstname.lastname@example.org or 847.706.3640.