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Actuary

Actuary

Job-Specific Whole-Person Assessment (Test)

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A Short Version of this test is available.   What's the Difference?

Candidates typically need about 45 minutes to complete our full-length job-specific assessments. Our short versions take less than half that time. Like our standard assessments, these tests are based on the U.S. Government Occupational Information Network (O*Net). They do not contain the animated simulation module, however, though they still provide valuable information about all critical performance-related dimensions. Additionally, the short versions optionally include 1-2 virtual video interview questions! Click below for more information:

Actuary (Short)

Actuary

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Top activities and tasks for this job:
  • Analyzing Data or Information - analyze scientific research data or investigative findings
  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Processing Information - compile numerical or statistical data
  • Making Decisions and Solving Problems
  • Interacting With Computers - use computers to enter, access or retrieve data
  • Getting Information - collect statistical data
  • Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • Evaluating Information to Determine Compliance with Standards

About the test (Full Version)

The HR Avatar Actuary Pre-Employment Assessment was designed to help you hire staff in this role. The test provides a whole-person evaluation by measuring job-relevant cognitive ability, personality, knowledge, skills, and relevant behavioral history. Each component provides important data for hiring decisions. Cognitive ability has been linked to overall job performance in most jobs and correlates with a candidate's ability to learn new skills and to solve complex problems. Personality characteristics determine how well the candidate will fit-in with a corporate culture. Knowledge and skills indicate how much training will be needed before a new employee becomes productive. Finally, relevant behavioral history detects counter-productive behaviors that can impact job performance.

The Actuary test includes an animated work simulation in which candidates meet customers, colleagues and supervisors in a job-related context. Post-test surveys indicate the majority of candidates react favorably to these simulations. This test also contains an automatically-scored essay component. Writing is a key skill for many jobs and also demonstrates the ability to generate, organize, and communicate relevant ideas effectively.

The specific attributes measured include:

Cognitive Ability
  • Analytical Thinking and Attention to Detail
  Knowledge and Skills
  • Writing
Personality
  • Adaptability
  • Drive
  • Integrity
  • Teamwork
  Emotional Intelligence
  • Empathy and Emotional Self-Control
Behavioral History
  • History Survey - Performance
  • History Survey - Tenure
 

Following completion, the test produces a Candidate Selection Report that includes an overall score and detailed scores for each attribute. The overall score weighs each of the factors based on research and analysis from the U.S. Government's Occupational Information Network (O*Net). O*Net represents over a decade of dedicated research evaluating the relative importance of various factors that lead to success in almost 1,000 different job roles.

The Candidate Selection Report also provides expert interview questions that help you probe critical or low-scoring areas, along with a guide for noting your evaluation of the candidate's responses. Consistent use of an interview guide is an important part of gaining better candidate insights and making better hiring decisions.

Language:English (US)
Time to Complete:40 Minutes (Approximately)
O*Net SOC Code:15-2011.00
Simulation Context:Medium-Level Business Finance
O*Net Context:Computer and Mathematical
More information about this Job
Annual US Wages (2020)
Bottom 10%:
$66,030 or less
Bottom 25%:
$83,550 or less
Median:
$111,030 (Average)
Top 25%:
$151,060 or more
Top 10%:
$196,010 or more

US Employment Statistics
2019:
27,700
2029 (projected):
32,600
Annual U.S. Job Openings:2,000

Top Knowledge Requirements
  • Mathematics
  • Economics and Accounting
  • English Language
  • Computers and Electronics
  • Law and Government
  • Administration and Management
Top Skills
  • Mathematics
  • Critical Thinking
  • Judgment and Decision Making
  • Reading Comprehension
  • Active Listening
  • Systems Evaluation
  • Complex Problem Solving
  • Speaking
Top Abilities
  • Mathematical Reasoning
  • Number Facility
  • Deductive Reasoning
  • Written Comprehension
  • Oral Comprehension
  • Near Vision
  • Inductive Reasoning
  • Oral Expression
Education Requirements
Bachelor's Degree:
63%
Post-Baccalaureate Certificate:
25%
Professional Degree:
13%
This graphic shows the percentage of people in this role who have their highest education in each category.
Related Work Experience Requirements
None:
34%
Less than 1 Month:
3%
1 - 3 Months:
3%
3 - 6 Months:
3%
6 Months - 1 Year:
6%
1 - 2 Years:
6%
2 - 4 Years:
19%
4 - 6 Years:
13%
8 - 10 Years:
3%
More than 10 Years:
9%
This graphic shows the percentage of people in this role whose related work experience before they entered this position falls into each category.

Alternate Titles for this Role: Actuarial Analyst, Actuarial Associate, Actuarial Consultant, Actuarial Mathematician, Actuary, Consulting Actuary, Health Actuary, Insurance Actuary, Pricing Actuary, Pricing Analyst, Product Development Actuary, Retirement Actuary

Related Jobs based on Skills & Abilities: Accountants and Auditors, Market Research Analysts and Marketing Specialists, Compensation and Benefits Managers, Financial Examiners, Compensation, Benefits, and Job Analysis Specialists, Budget Analysts, Survey Researchers, Cost Estimators, Logistics Analysts, Biostatisticians, Regulatory Affairs Specialists, Clinical Data Managers, Operations Research Analysts, Insurance Underwriters, Statistical Assistants


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Read the Reviews
"Amazing Service and Spot-On Testing"
"The value received far exceeds the price"
"Truly takes out the guess work"
"Hiring managers can easily understand the reports"

Activities performed during the Test
  • Complete cost-analysis of in-house and out-sourced work.
  • Analyze feedback and recommend steps to increase employee participation.
  • Determine whether to lease or buy equipment.
  • Review incentive financing.
  • Make a purchasing recommendation.
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