Work based learning endeavours to:
- Develop skills to practice as an actuary
- Create a culture of lifelong learning
- Satisfy public need for competence
- Develop a process for self-assessing competence
Work-Based Learning applies to all students joining after 31 December 2014 and students that are registered for the Normative Skills programme.
The requirements differ from the previous F303 - Work Based Skills. The WBS structure is applicable to students that registered before this date and qualify for the Normative Skills transitional arrangements. You may only follow the structure for F303 - Work Based Skills if you are considered to be a Normative Skills transitional candidate, having successfully completed 1 of the following:
A401 – Business Awareness Module
A402 – Model documentation Analysis and reporting
F210 – Generic Practice module
F304 – Fellowship Professionalism Course
For more detail on the previous structure for Work Based Skills, please refer to WorkBasedSkills.
Work based learning requirements
To qualify as an actuary, a minimum number of years work based learning will be required. You should register for Work Based Learning once you are in employment and have joined the Actuarial Society of South Africa.
You will be required to complete and submit the WBL Evaluation Form on registration and then every six months thereafter until the end of the work based learning period. Your supervisor should sign off on all submissions. The submission of the evaluation form needs to be supplemented with a portfolio of evidence in support of the skills developed. The portfolio of evidence will also include review questions. A summary of the requirements are:
|
Associateship |
Fellowship |
Minimum work based learning experience.
|
2 years
Submit the WBL Evaluation form and portfolio of evidence upon registration and every 6 months thereafter. |
3 years
Submit the WBL Evaluation form and portfolio of evidence upon registration and every 6 months thereafter. |
Minimum review questions included in the portfolio of evidence.
|
4 review questions
The review questions should cover four key dimensions.
Two of the review questions can be replaced by assignments.
|
6 review questions
The review questions should cover six key dimensions.
Three of the review questions can be replaced by assignments. |
Steps for completing work based learning:
1. Please familiarize yourself with the WBL Student Guide before registering.
2. To register, please proceed to your ASSA member profile and register online for either F330 (Work Based Learning for Fellows) or A430 (Work Based Learning for Associates).
3. Thereafter you will be given access to ASSA online Learning Platform and you will find the WBL Evaluation form which should be updated and submitted every six months before each Normative Skills workshop and include a portfolio of evidence and review questions. Please refer to WBL Typical Review Questions for examples of review questions.
Full details on how to complete the forms, the role of your supervisor and other information can be found in the Work Based Learning Student guide.