The Israel Association of Valuators and Financial Actuaries (IAVFA) has been established in order to voluntarily regulate the professions of valuation and financial actuarial science in Israel, and promote the professional status of its practitioners as a senior, significant and Influential position, within the financial services, banking, insurance and investment sectors. Established in 2014, the Institute is a pioneer in valuation and financial actuarial science education and professional accreditation.
A Financial Actuarial Science is an area in finance which includes a variety of topics (like Business Administration) and deals with mapping, modeling, measuring and managing financial risks such as market risk (foreign exchange rate, interest rate, inflation, securities prices, and commodities prices), credit risk (default, downgrade and credit spread), operational risk (including liquidity and model) and investment risk (style drift). The field is growing in the world's financial industry and its practitioners get prestige and higher salaries.
A Valuation is an area in finance which combines knowledge corporate finance (valuation of corporates and intangible assets), quantitative finance (valuation of derivatives and complex financial instruments) and financial and economic modeling (building financial and economic models using Excel's advanced functions and/or by building unique functions in VBA).
Valuators analyze and measure the value of corporations, intangible assets and complex financial instruments for financial reporting and transaction purposes. Financial actuaries map, model, measure, and manage market, credit and operational risks for compliance with regulatory directives and minimizing financial loss purposes.
Both practitioners are using the same measurement methods, economic data and reasonableness tests for measuring assets and liabilities. However, while the valuator measures the value (i.e., the mean) the financial actuary measures the risk (i.e., the volatility). Therefore, a valuator and a financial actuary are complementary professions and can be seen as one field.
Both professions are specialized fields requiring a solid foundation of experience, continuing education, and the highest level of professional integrity. As a nationally recognized membership organization, we have established the following goals.
To increase awareness of valuation and financial actuarial science as specialized profession.
To ensure that the services of qualified, ethical valuators and financial actuaries are available.
To expand the knowledge regarding the theory and practice of valuation and financial actuarial science.
To develop and provide information, programs & services for members.
To impact national policy and law affecting the valuation and financial actuarial science community.
IAVFA strives to establish a community of practitioners and designing services to help members with technical issues and to create income opportunities. We believe in supporting each other—from headquarters and member to member. That's why our motto is "Share the Wealth." Join us and reap the benefits of our experiences. IAVFA offers members education in the form of seminars, media, workshops, and conferences.
IAVFA is committed to providing the highest quality of service to our members by assisting them in a journey to professional excellence in the fields of valuation and financial actuarial science. Our goal is to provide a supportive and nurturing environment for each member through IAVFA's resources, including technical support, market data, professional certification, and practical education in all aspects of valuation (business and intangible assets, derivatives and comples financial instruments and financial and economic modeling) and financial actuarial science (market risk, credit risk, opertaional risk, investment risk and so on). In fulfilling this mission, IAVFA management helps to provide professional mentoring, report review, instruction, and technical publications for the enhancement of the profession.
We measure our success by the professional advancement of our members. Personal assistance, through our volunteer sponsors and mentors, and technical support to members continue to be some IAVFA's most important and valued services. Our management is eager to talk about the issues you encounter because it helps us anticipate member needs and develop additional member benefits.
The membership in IAVFA gives you access to a professional corporate and quantitative valuations library, databases, sophisticated calculation tools, updated professional material, networking, job placement services, online Q&As, roundtable forum, a stage for publishing professional articles and papers, and discounts on participation in designation programs, continuing professional education programs, conferences, training seminars and workshops.
We call you to join IAVFA as a member, in order to stand out to top employers, develop your knowledge and skills, join an elite group, demonstrate your leadership, validate your professional achievements and improve your reputation among practitioners in those fields.