Professional Financial Modeler

1. Professional Interest and Engagement: Candidates should demonstrate a genuine interest and active participation in the practice of financial modeling, including the development, processing, and application of financial models for decision-making purposes.
2. Educational and Professional Experience: Candidates must satisfy at least one of the following:
   1. Possess a bachelor's degree or higher from an accredited institution; or
   2. Hold a Senior High School diploma supported by a minimum of two years of relevant professional experience in financial modeling.
3. Student Candidate Provision: Candidates currently enrolled in an undergraduate program with fewer than two years of professional experience may sit for the PFM examination. However, formal certification and the use of the PFM designation will only be granted upon submission of proof of graduation and/or attainment of the required professional experience.
4. Technical Competence: Candidates must demonstrate sufficient proficiency in the use of computer-based spreadsheet software, which serves as the primary tool for financial modeling activities.
5. Physical and Visual Capability: Candidates should possess adequate visual acuity and physical ability to independently operate computers and spreadsheet applications during certification examinations.
6. Candidates must create a profile account on the Ourtoga website and ensure that all required documents for the PFM Certification have been fully submitted. All information provided during registration and document submission must be complete, accurate, and truthful. Inaccurate or incomplete data may result in delays, disqualification, or rejection of the certification application.
7. Candidates must have submitted in full all the required documents in the PFM certification as follows:
   • Latest CV, signed and with date of issuance
   • Close up Professional Photo of candidate
   • Copy of ID card / passport issued by the Government
   • Copy of Candidate higest academic certificate, and
   • other document as requested by IFMI.
8. Examination Attendance and Success: Candidates are required to attend the certification examination in person at the specified time and location and must successfully pass the examination to receive certification.
9. Examination Preparation: Candidates are required to prepare all necessary equipment, materials, and other items needed to participate in the certification exam, based on the information provided—whether the exam is conducted online or offline, depending on the available schedule. This includes ensuring that the environment is suitable and conducive for taking the exam.
10. Examination and Certification Decision: IFMI is solely responsible for the certification asesment result and decision therefore candidate only can obtain PFM designation after passing all examination modules and comply with the standard set forth by IFMI.
11. Certification Agreement: Candidates must enter into a formal certification agreement with the Indonesian Financial Modeling Institute (IFMI) during initial certification, recertification, and authorization stages concerning the use of the PFM brand/logo and receipt of certification credentials.
12. The Candidate is required to read and keep on self-update on the terms and conditions and privacy policy of the PFM website and Ourtoga website and the requirements and standards of the PFM Certification Scheme and other related requirements set forth by any third party service providing service regarding PFM Program.
13. Participation in PFM preparatory training programs is not a prerequisite for sitting the PFM examination. While third-party providers may offer preparatory courses, attendance is optional and at the candidate’s discretion.
14. IFMI does not consider completion of preparatory training as a factor affecting a candidate’s eligibility to sit for the examination nor as proof of competence.
15. A candidate’s competence is determined solely by their performance in the official PFM examination administered by IFMI.

1. Professional Integrity: Candidates are expected to demonstrate honesty, fairness, and accountability throughout the certification process. Any form of illegal, deceptive, or harmful behavior is strictly prohibited.
2. Exam Readiness: Candidates must be properly prepared before taking the examination. This includes understanding the exam rules, ensuring all required tools are available, and setting up a suitable environment for focused participation.
3. Confidentiality: All examination materials, procedures, and related information are strictly confidential. Candidates are not permitted to share, copy, or distribute any part of the exam in any format.

1. Candidates are required to create and register their profile on the official PFM website (www.professionalfinancialmodeler.org), ensuring all submitted information is accurate and up to date. All required documents must be uploaded, and examination fees paid as specified
2. Candidates must log in to their account on the Ourtoga platform and select the PFM Certification Program to register for available examination dates and locations. Payment Requirement Candidates must complete payment for the PFM Examination prior to sitting for the exam. Payment confirmation is required to validate registration. Registration Agreement Candidates are required to sign an agreement confirming their intent to register and take the PFM Examination. This includes acceptance of all examination conditions, policies, and ethical standards as outlined by IFMI.
3. IFMI employs various applications, websites, and management tools provided by partners such as www.ourtoga.com to facilitate the PFM certification process.
4. Candidates must sign a PFM examination registration agreement, either in writing or electronically (where legally permissible), affirming the following:
   1. Commitment to take the PFM certification examination and abide by all rules and standards established by IFMI for the PFM program;
   2. Commitment to maintaining the confidentiality of exam materials and processes, and upholding integrity, transparency, and accountability throughout the examination, including refraining from illegal activities or fraud, and avoiding harm or loss to any stakeholders.
   3. Understanding and acknowledging that the PFM examination is regularly updated and candidates agree to comply with the most recent standards and curriculum, including retaking exams if necessary under updated syllabi;
5. Confirmation of meeting all prerequisite requirements to qualify as a PFM Certified Person.
6. IFMI shall issue a formal notification confirming a candidate’s enrollment in the PFM examination.

1. Provide accurate and updated account profiles and submit required documents periodically as required.
2. Uphold the integrity, transparency, and accountability in professional conduct and refrain from conducting illegal, fraudulent activities or anything that may purposively cause harm and/or loss to others.
3. Complete the competency monitoring survey and Recertification program every three years.
4. The Certificate belongs to IFMI, and the Certified Person must return the Certificate to IFMI when requested.

1. Download and install the OSES in the computer that meets the minimum required specification, has a camera installed, and can access the internet.
2. Arrange the exam location as private, has a good internet connection, and the seating position arranged as guided.
3. Provide additional Mobilephone with Zoom™ application installed, the camera turned on, and sufficient batre as it must always stays on during the examination.

A candidate who fails the PFM exam may retake the exam. The Candidate only needs to retake the module that he/she has failed.

To register for retaking the PFM examination, the Candidate is required to log in to his/her account from the PFM website or directly to the exam platform.

IFMI makes no guarantee that the candidate who has attended the Retake Examination that the candidate will pass the Examination.

The Candidate must complete the registration and complete the payment for the exam retake. There is no limit on how many times a candidate may retake. There is no requirement to attend any training to retake. The PFM examination result record is kept indefinitely, and the Candidate can decide to retake it at any time. However, a candidate can no longer retake if there is a major change in the PFM Examination scheme in the future. In that case, the Candidate must attend the whole examination from the beginning.

A candidate may also retake other available examination locations when possible.

The registered Candidate may submit a request to postpone his/her examination at the latest seven days before the scheduled exam date. The postponement allows the candidate to register for a scheduled examination at the latest one year from the postponed exam date.

IFMI may require the candidate to submit the postponement fee. The Candidate is required to submit an additional examination fee should there is an exam fee adjustment or to participate in another schedule/location that has a higher exam fee.

If a candidate feels that the scoring he/she receives does not reflect his real result, the Candidate can choose to submit an appeal on PFM Website. By appealing, the Candidate will have his examination results regraded. The result of the appeal is final. Appeal requests only can be submitted once for every examination taken. The submission of the Appeal requests is limited to the latest 30 days after the exam result is announced. There is a fee payable for appealing.

If a candidate has a reservation regarding the examination and grading process, the Candidate can submit a complaint by providing valid proof to support the complaint. The complaint will be processed and responded to within the time limit.

A person may also withdraw from PFM Certification. The withdrawal request is valid after the Certified Person settles the outstanding obligation to IFMI and IFMI issues withdrawal confirmation. All obligations to IFMI must be settled before a withdrawal is effective.

All PFM Designation holder is required to comply with IFMI rules and regulation. Failure to comply with IFMI rules and regulations may cause the certified person to receive sanctions from IFMI. Certificate suspension will also be applied if a person cannot meet the recertification requirements.

The person may reactivate the suspended certificate by following certain procedures. IFMI may request additional information or document and request the designated certified person to do certain activities to support the review of the reactivation request.