Practice prompts based on occupational tasks
These Applyace practice prompts use O*NET tasks for actuaries. They are not reported employer questions. If you have not done a task, explain your approach and learning needs instead of inventing experience.
1. Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Describe a real example of this task. What was your responsibility, and what happened?
2. Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
How did you decide which approach or tools to use? Explain the tradeoffs.
3. Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
What could go wrong during this task? Describe how you would check your work.
4. Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
Explain a time you coordinated this work with someone else. How did you communicate?
5. Provide advice to clients on a contract basis, working as a consultant.
How would you handle an unfamiliar part of this task? Identify what you would need to learn.
6. Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
What evidence would show this task was completed successfully?
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Practice one answer with your own evidence
Pick an occupational task, then outline a real example. This is practice, not a prediction of an employer’s questions.
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Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Your draft
Your draft will appear here as you add your own evidence.
Complete all three fields, then review your wording for accuracy. Leaving fields blank never generates fictional achievements.
Questions to ask the interviewer
- Which of these occupational tasks takes the most time on your team?
- How do you measure success in the first three months?
- Which tools, training and support are available for this role?
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