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Top 25 Actuary Interview Questions
1. Tell me about a time when you had to work hard to achieve your goals?
Actuary
March 13th, 2014

An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries provide expert assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. Actuaries mathematically evaluate the likelihood of events and quantify the contingent outcomes in order to minimize losses, both emotional and financial, associated with uncertain undesirable events.
wikipedia.org/wiki/Actuary
Actuary Interview Questions
2 of 25
How do you deal with difficult people?
 
User Submitted Interview Answers
1.
It depends on the situation. The first question is do I really need to deal with him. If yes then how important is this interaction for me. If it is very important then I try to listen more and speak less. If he is my immediate boss then I would try to figure out what he wants done from me. I would work hard to deliver. If he is just an acquaintance, I wold prefer to go through the interaction without getting very deep into it.
 
2.
I deal with difficult people by listening to their opinions and understanding what they believe, and if I sincerely disagree with them, I will let them know. I try to problem solve for myself in order that we may complete a task.
 
Question
3 of 25
What makes you like numbers? When did you realize you enjoyed math?
 
User Submitted Interview Answers
1.
I think it just how I am. Some people like literature, some like biology some like music. I think numbers have a pattern thing to understand and I like figuring out patterns. I started enjoying maths from the time I was in high school. Also, I realized I like combinatorics and probability problems more.
 
2.
I got it from my mother, she is a maht teacher so I suppose I got my enthusiasm from her.
 
Question
4 of 25
Why do you want to be an Actuary?
 
User Submitted Interview Answers
1.
I want to be an actuary consultant because I enjoy both sides of what an actuary does. I enjoy researching and using quantititative skills to solve problems. But I also like the client and coworker side of the business. Because of my extroverted personality, I always find myself wanting to be around others to work with them. And being an actuary allows me to do both.
 
2.
I want to be an actuary because I am an analytical thinker. I have a passion for numbers and consistently developing that passion. I believe that risk management will be more important in the future.
 
Question
5 of 25
What classes did you like most in college?
 
User Submitted Interview Answers
1.
I really enjoyed my sociology classes in college because I was able to reevaluate what I see in my everyday life and also see where I can make socioeconomic improvements with my business degree.
 
2.
In college, the classes I have liked most have been probability and Spanish class. I have a keen interest in language and communicating and learning about other individuals of different cultures. Living in New York, I have been exposed to diversity throughout my whole life, and its an environment that I feel enhances my understanding of my fellow peers around me, but its something that I can also contribute to with my own unique culture. I have also liked probability class because it was my first exposure to a college math class. Besides the basics of conditional probability in statistics, I had no experience with the language of probability. I was excited to learn this new "language" and see how applicable it could be to life as an actuary.
 
Question
6 of 25
How did you hear about actuarial science?
 
User Submitted Interview Answers
1.
My brother told me.
 
2.
I heard about actuarial science through this internship. I have taken Statistics for Business 1 and 2 as requirements for my degree, but did not really consider a career until I saw this internship that Fidelity posted.
 
Question
7 of 25
Describe in detail your recent actuarial/excel projects?
 
User Submitted Interview Answers
1.
I really enjoy working with excel and access to solve quantitative problems. I took a class in college Information Technology Management and we learned how to solve financial and accounting problems through excel quickly and efficiently. I know this sounds weird, but I almost found it as a game and thought of it as fun as I worked to beat the clock to solve analytical problems. On excel, we made amortization tables, pivot tables, macros, and formulas to efficiently solve problems.
 
2.
So far, I have had a basic excel project in my computer information systems class. We were required to use the AverageIF, SumIf, and GoalSeek functions in addition to pie graphs, pivot tables, and bar graphs in order to determine financial decisions for a specific company.
 
Question
8 of 25
Describe a situation in life that portrays your communication skills?
 
User Submitted Interview Answers
1.
One situation where I have showed communication skills is in my most recent job. I currently work for ndigi as the social media person. However, I worked and communicated my boss in order to ensure that he understood the student perspective with the new.
 
2.
As a private tutor, I believe that communication is a key aspect which enhances my students' understanding of their material. Since 11th grade, I have been tutoring friends and fellow students on material ranging from simple algebra, to college level Calculus I,II, and III, in addition to statistics and SOA Probability questions. The 10-15 students that I have helped have been able to improve their understanding of class material, and I believe this can only be done with an instructor who is understandable, clear and concise in his responses, and able to communicate various mathematical ideas in multiple ways that could help a student better understand the material they are faced with.
 
Question
9 of 25
What are your goals in life?
 
User Submitted Interview Answers
1.
My goals in life are to be successful in whatever I try, to be a good person in what I say and do, and ultimately be happy.
 
2.
O My goals in life are to, first and foremost, achieve my personal best. I attended Jericho High school, which is ranked as one of the top 100 high schools in the country. Through their school motto, "Do your personal best," I have strived to do more than I knew I was capable of. I came into high school undirected, but soon began to structure myself in this competitive environment and completed 7 years of mathematics classes in just 4 years of high school. I have so far achieved a 4.0 GPA as a college student and am 3 credits away from junior status. And so much more. I am consistently hard on myself and I strive to accomplish and learn everything that will help me become a diversified business professional. With this goal, I strive to surround myself in a competitive environment with like-minded individuals. I think at MassMutual, this type of environment would be perfect for me because of its consistent desire to strive for greatness, constant improvement, and coverage for all. I try to place myself in this type of environment since it motivates me to reach my full potential when I am surrounded with other goal-oriented individuals.
 
Question
10 of 25
What was your least favorite college course?
 
User Submitted Interview Answers
1.
My least favorite college course would have to be the general science course - microbes and man - that I had to take freshmen year to fulfill a science requirement.
 
2.
Mathematics.
 
Question
11 of 25
How many gas stations are their in Florida?
 
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12 of 25
What is your favorite part about statistics?
 
User Submitted Interview Answers
1.
My favorite part of statistics is that through math we can predict what is going to happen. Many people don't think predictions can come true; however, through statistics we can look at the data to come up with a logical and accurate prediction that others think is luck, but there is actually a science behind it.
 
Question
13 of 25
What was your biggest mistake in your past job?
 
User Submitted Interview Answers
1.
During one of my group projects that I worked on, I turned an assignment in late. I told my group that I would handle the final editing and submission; however, I screwed up. I submitted the assignment late. I went to the teacher and explained it was my fault and luckily he was understanding about it.
 
2.
Iíve made mistakes; though I canít remember of any mistake at this moment that made any significant impact on meĒ.
 
Question
14 of 25
Did you have any jobs while in school?
 
User Submitted Interview Answers
1.
Yes, I had two jobs during school. One that I am currently working while abroad.
 
2.
Yes as an attender.
 
Question
15 of 25
How much do you want to make?
 
User Submitted Interview Answers
1.
As a summer analyst, I am looking to cover my housing and have some spare pocket change.
 
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16 of 25
Tell me about a time when you had to work hard to achieve your goals?
 
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17 of 25
Where did you grow up? Why did you leave there?
 
User Submitted Interview Answers
1.
I grew up in sungai buloh because it was my family house.
 
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18 of 25
Tell me about your computer skills.
 
User Submitted Interview Answers
1.
Your computer skills.
 
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19 of 25
Tell me about a time when you had to work in a group?
 
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20 of 25
Do you follow up on current events? What is your favorite news source?
 
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21 of 25
What was your greatest accomplishment in your past job?
 
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22 of 25
Have you take any exams?
 
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23 of 25
What area of the actuarial field are you looking at?
 
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24 of 25
Tell me about a situation in which you persuaded a large group of people to change their course of action?
 
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25 of 25
What is your ideal company to work for like?
 
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