SOFE Certified Financial Examiner (SOFA-CFE)

There are several advantages and benefits that you can acquire when you are certified. When you are certified in a certain field or area, it gives you more opportunity to demonstrate your skills and abilities. These days more and more professionals are obtaining certification because they know that this can be a useful.

The SOFE Certified Financial Examiner is one of the premier certification for individuals who wanted to prove skills and abilities in CFE technology. When you are certified in SOFA, it gives you a chance to become as one of the most reputable professional. To acquire this certification, the interested candidate should be able to pass the SOFA-CFE certification. Society of Financial Examiner offers this certification.

Requirements for Acquiring the SOFA-CFE Certification

Eligibility for CFE Designation

To become eligible in CFE designation, you should obtain the AFE title. This is very useful because you cannot acquire the CFE designation if you don’t have the AFE designation. If you are planning to acquire this certification, be sure to obtain the AFE designation first.

Educational Requirement

The candidate planning to acquire the certification must have at least completed 3 semester hours in Management course from a recognized university or college. You should also present an evidence of a completion the course through a certificate or transcript. Additionally, Management courses offered by CLU, LOMA and CPCU are recognized by SOFA.

Exam Requirements

In order to acquire the CFE certification and CFE designation, you need to successfully pass all 3 CFE exams that are supervised by the Society of Financial Examiners. The following are some of the exams you need to pass:

• Examination Methods and Management (CFE1)
• Analysis and Evaluation Procedures (CFE2)
• Reinsurance (CFE3)

If you are planning to register for this certification and eventually take the exam, the interested candidate is recommended to register at www.sofe.org/testing. The best thing about this certification is the Society offers textbook materials and study guide. A comprehensive description of these study materials is also provided at the website. Every individual who can qualify for the exam is welcome to take the exam. On the other hand, before taking the CFE certification, the candidate should have the AFE designation.

Apart from the education background, the candidate should also have the work related experience. You should be a current insurance department employee or a self-employed professional that offers services related to insurance. The interested candidate should have at least 3 years experience. However, remember that the requirement for AFE designation is two years only. This means, you need to wait for a year to complete the 3 year requirement for SOFA-CFE certification.

To become eligible for CFE designation, the successful candidate should also be a member of the Society of Financial Examiners.

How to Prepare and Pass the SOFA-CFE Certification Exam

To prepare and pass the SOFE Certified Financial Examiner, the candidate should obtain the right study materials and guide from SOFE. Additionally, the candidate is also recommended to acquire other materials such as pdf and books. Make sure to have an effective time management when reviewing or preparing for the exam.

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