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Top 50 Actuary Interview Questions

Question 1 of 60
Tell me about a time when you had to work hard to achieve your goals?
User-Submitted Answers
1.
My desire to become an Actuary has by no means been an easy one. It has required me to push myself beyond what I thot possible. It started with my initail pursuit of a degree in Mathematics and Statistics then eventually a diploma in Acturaial Science.
2.
When I was submitting project report for my profeesional exam.
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Question 2 of 60
How do you deal with difficult people?
User-Submitted Answers
1.
Dealing with difficult people.
2.
I will try to work with them as best as possible and make sure that I am understanding their needs and give them feedback about what I am understanding.
3.
I believe the best way to deal with a difficult individual is to start by trying to understand their point of view. They usually have a reason for refusing to cooporate. After assessing the individual and the situation at hand, if in my opionon, there is no need for their refusal to cooporate, then I find a quiet time and try to speak to the individual involved to see if there is any cause for their behaviour. If this proves fruital, I will then.
4.
Give myself time and then speak to them about the differences.
Question 3 of 60
What makes you like numbers? When did you realize you enjoyed math?
User-Submitted Answers
1.
It marks. When I was able to see patterns in systems.
2.
Working with numbers is quite an interesting task. When I was an engineering student I realised it.
3.
I like numbers because the are like grains of sand, a single number doing very little but with a combined effort you may build a castle. I realized I enjoyed math when doing my math homework in elementary school seemed like a sweet escape from my grammar homework.
4.
When I was younger in my math classes, what I really excelled at etc. Like numbers because it defines every part of life including simple math like counting money to complex math calculating rates.
Question 4 of 60
Why do you want to be an Actuary?
User-Submitted Answers
1.
I feel being an actuary is the closest I can get to being a wizard in the professional world.
2.
I was not sure. While doing my M.S. In Statistics I took courses on Theory of interest and Modelling Life Contingencies. Probability is my favorite any ways. I loved all the curses and did well in them. My professor inspired me a lot and insisted that I choose this as my career path. All these things taken together helped me focus in this career.
3.
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.
4.
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.

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Question 5 of 60
What classes did you like most in college?
User-Submitted Answers
1.
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.
2.
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.
3.
I enjoy life contingencies in university because I found that this course may be closer to our life compare to the other courses. For example, we learnt how to calculate premiums and reserves based on specific factors such as age, mortality rate, health status and so on. I worked as an actuarial intern at forsea life insurance in 2014, and I got a chance to assist with product pricing of an endowment insurance. I found that the most useful course would be life contingencies.
Question 6 of 60
How did you hear about actuarial science?
User-Submitted Answers
1.
I heard from the news paper articles.
2.
While iwas searching for my career options.
3.
I heard from my brother.
4.
I heard about actuarial science from my 11th grade math teacher in Calculus BC. She had decided, after finishing the 5 preliminary exams, to pursue teaching. I was able to garner insight from her on why she decided to transition to teaching, and also what she liked about the actuarial career.
Question 7 of 60
Describe in detail your recent actuarial/excel projects?
User-Submitted Answers
1.
Mortality investigation.
2.
I trade some of the stocks.
3.
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.
4.
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.
Question 8 of 60
Describe a situation in life that portrays your communication skills?
User-Submitted Answers
1.
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.
2.
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.
3.
In my last job, most of the time I needed to collaborated with my coworker from the same department as well as different department. For example, by the end of each months, we needed to get all the invoices from the sales department. Most of the time they will not give us the invoice until we call them for many times since they are always very busy.
Question 9 of 60
What are your goals in life?
User-Submitted Answers
1.
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.
2.
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.
Question 10 of 60
What was your least favorite college course?
User-Submitted 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.
Question 11 of 60
How many gas stations are their in Florida?
Question 12 of 60
What is your favorite part about statistics?
User-Submitted 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 60
What was your biggest mistake in your past job?
User-Submitted Answers
1.
Iíve made mistakes; though I canít remember of any mistake at this moment that made any significant impact on meĒ.
2.
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.
Question 14 of 60
Did you have any jobs while in school?
User-Submitted Answers
1.
Yes as an attender.
2.
Yes, I had two jobs during school. One that I am currently working while abroad.
Question 15 of 60
How much do you want to make?
User-Submitted Answers
1.
As a summer analyst, I am looking to cover my housing and have some spare pocket change.
Question 16 of 60
Tell me about a time when you had to work hard to achieve your goals?
Question 17 of 60
Where did you grow up? Why did you leave there?
User-Submitted Answers
1.
I grew up in sungai buloh because it was my family house.
Question 18 of 60
Tell me about your computer skills.
User-Submitted Answers
1.
Your computer skills.
Question 19 of 60
Tell me about a time when you had to work in a group?
Question 20 of 60
Do you follow up on current events? What is your favorite news source?
Question 21 of 60
What was your greatest accomplishment in your past job?
Question 22 of 60
Have you take any exams?
Question 23 of 60
What area of the actuarial field are you looking at?
Question 24 of 60
Tell me about a situation in which you persuaded a large group of people to change their course of action?
Question 25 of 60
What is your ideal company to work for like?
Question 26 of 60
Describe a recent important decision you've made?
Question 27 of 60
What type of work do you like to do best?
Question 28 of 60
What do you know about our company?
User-Submitted Answers
1.
It is a compny of 2 year's existance.
Question 29 of 60
Do you plan on taking any more actuarial exams in the future?
Question 30 of 60
How do you keep on learning features on computer programs, such as excel?
Question 31 of 60
When can you start?
Question 32 of 60
What distinguishes you from twenty other people who can do the same tasks you can?
User-Submitted Answers
1.
Nothing because I am a hard worker and I am very outgoing and loves to work in groups and get the job done.
2.
Nothing because I am a hard worker and I am very outgoing and loves to work in groups and get the job done.
Question 33 of 60
What do you do in your free time?
User-Submitted Answers
1.
I write for the university newspaper, I also have a part time job as a Student Ambassador and I train in the club Kung Fu black dragon at the university.
Question 34 of 60
Tell me why I should hire you over all of these applicants?
Question 35 of 60
Where did you grow up? Why did you leave there?
User-Submitted Answers
1.
In AP. For beeter life oppurtunities.
Question 36 of 60
How much do you want to make?
Question 37 of 60
Tell me about a time when you had to work in a group?
Question 38 of 60
Do you follow up on current events? What is your favorite news source?
Question 39 of 60
What are your goals in life?
Question 40 of 60
What do you do in your free time?
Question 41 of 60
Tell me why I should hire you over all of these applicants?
User-Submitted Answers
1.
Just hire me and you will see why.
Question 42 of 60
How familiar are you in Access?
Question 43 of 60
How familiar are you with Excel? If I asked you to take a competency exam in Excel, would you be okay with it?
Question 44 of 60
What languages can you program in?
Question 45 of 60
What classes did you like most in college?
Question 46 of 60
Tell me about your computer skills.
Question 47 of 60
How many gas stations are their in Florida?
Question 48 of 60
What was your biggest mistake in your past job?
User-Submitted Answers
1.
Not being analytical.
Question 49 of 60
How familiar are you in Access?
Question 50 of 60
How familiar are you with Excel? If I asked you to take a competency exam in Excel, would you be okay with it?
Question 51 of 60
What languages can you program in?
Question 52 of 60
What makes you like numbers? When did you realize you enjoyed math?
Question 53 of 60
What organizations did you partake in as a college student?
Question 54 of 60
What classes did you like most in college?
Question 55 of 60
What organizations did you partake in as a college student?
Question 56 of 60
What is your favorite part about statistics?
Question 57 of 60
Why do you want to be an Actuary?
Question 58 of 60
Did you have any jobs while in school?
Question 59 of 60
What was your greatest accomplishment in your past job?
Question 60 of 60
What organizations did you partake in as a college student?

About Actuary

August 28th, 2017

Actuaries are finance experts. They usually work in the insurance industry where they are responsible for analyzing the financial burden of risk and uncertainty. They use financial theory, statistics, and mathematics to evaluate the risk of an event occurring. They use their findings to help businesses develop smart policies that minimize the cost of that risk. Within the insurance industry, actuaries specialize in various specific fields including life insurance, health insurance, pension and retirement benefits, or property insurance.
Anyone wishing to pursue a career as an actuary must have a strong background in mathematics, business, and statistics. Coursework in accounting and management, applied statistics, economics, or corporate finance is necessary for certification. Doing an internship is essential in order to grasp the responsibilities of the job. There are several advancement opportunities depending on performance. Actuaries must have excellent analytical, problem-solving, math, communication, and computer skills.
One of the first things your interviewer is likely to ask you is why you chose this particular career path. They will also ask you various questions to test your knowledge of the job and whether you have what it takes to fulfill the many responsibilities of an actuary. Being prepared for your interview will help you answer all questions more confidently. One way to prepare for your upcoming interview is by rehearsing answers to the questions you will see listed at Mock Questions.

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