This is the second article on “Get an Actuarial Job” where we will let you know about some of the Actuarial Interview questions asked generally and guess what, we already have a database on that, it is just that you are missing the connection. Reading about the company is implied in any case you want to land a job and do some excel exercises
If you are going to a General Insurance company (GI Company), the possibilities are there that you may end up in Pricing or Reserving. We have not covered pricing that much and we don’t expect a recruiter to ask Pricing questions from an inexperienced, however if you have CT6 on your CV, you have already read about Reserving and most basically IBNR.
We have articles which follow up with the Reserving Exercises and are placed in a very genuine language to make you understand all about that.
The next step are the Actuarial terms used and not only the mothods. It is important to understand the difference between Pure IBNR and IBNER. You can find most of them in our Daily Dose section which we have been shouting out day and night. We request you to converse on them due to the factors listed in out first article posted on this session’s jobs.
In case of Life Insurance, we have terms which are already there in Actuarial Forum. The CT1 and CT5 actuarial interview questions are listed here.
Embedded Value and Business Planning (Projection of EV/GMV) in Shareholding Reporting, Valuation, Modelling, Pricing and Experience Analysis.
If you have any questions which you want to ask from a Recruiter, head over to Ask the Actuarial Recruiter where Ayush Anand, an Actuarial Recruiter answered your questions.
If you don’t know about the field you would like to go in, make sure you read this to have an idea of all about it.
To try out Excel exercises, head over to our Excel practice session, where Aman posts the Excel exercises which you can download and work upon.
Be aware and attentive of all the links posted here because there are questions which will be asked from these links inside and using the terms may impress and could help you to directly be able to converse with people.
Screening interview- who you are and what you want
Before they will even consider hiring you, and testing your skills and attitudes with behavioral and technical questions, they want to understand who you are, and what you want.
This is what screening interview is about–understanding your personality, whether you are a good fit for the job, your goals and dreams, your education and experience. Many insurance companies will conduct the screening interview over the phone, nevertheless, they may invite you for an in-person interview right from the get-go. The questions you may deal with include:
Take your interview prep to the next level.
Get the realistic interview experience you need to master the interview.
One bad decision can cost a company millions of dollars. In order to provide businesses with plans to minimize risks, a skilled actuary will:
In order to qualify for an entry-level job as a trainee, candidates must have a bachelor’s degree in actuarial science, business, or a related field. However, candidates should plan to pursue associate- or fellow-level certificates with the Casualty Actuarial Society or a similar organization if they wish to practice as a full professional.
In addition, candidates are required to complete continuing education requirements throughout the duration of their time as a professional actuary.
If you’re getting ready to interview for a position as an actuary, you can prepare by researching the company as much as possible. Learn about the 9 things you should research before an interview.