What level of qualification?

When looking at vacancies alot of companies state they want someone at least CIPD Level 5 or Level 7 qualified.  What level would the Chartered FMCIPD be classed as or would we just need to explain to them that there is no actual qualification, this is a level of membership that we have been assessed on?

I am currently L5 but looking to completed my EA for Chartered Fellow but would I still then just state I am L5 qualified as this could rule me out of roles I am experienced enough to do?

Thanks