Actuary Test

When looking to fill an actuary position, it's important to make sure that the candidate has the skills necessary to do the job. An actuary skills test can help ensure that the candidate is a good fit for the position.

  • What is an actuary skills test?

    An actuary works closely with a company's clients, understanding the financial risks linked with their investments and policies. An actuary must use math and statistics to guarantee their understanding of the risks.

    An actuary skills test can be used to identify candidates' abilities to complete the job during the hiring process. The test measures a variety of essential skills such as numerical reasoning, problem solving and error checking.

    The actuary skills test is highly efficient as it recognizes who has the skills needed for the role and who doesn’t. It is formatted with multiple-choice questions on a range of skills and can be used within any part of the hiring process.

Jump to a section on this page:

  1. What is an actuary skills test?
  2. What are the benefits of using the actuary skills test for pre-screening?
  3. How our test measures actuary skills
  4. Actuary Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • What are the benefits of using the actuary skills test for pre-screening?

    The actuary skills tests are extremely beneficial in the pre-screening stage of the hiring process. Understanding which candidates have the sufficient skill set before inviting them in for a face-to-face interview is cost-efficient and time-efficient. Candidates can complete these tests at home on their own computer.

    The skills test measures a range of skills that are essential for the job role of an actuary. These skills include mathematical and logical-based skills such as numerical reasoning, problem solving and situational judgment tests. It also includes soft skills such as communication, adaptability and time management. It is crucial when working as an actuary to have strong soft skills as they’ll constantly be working with different people in different situations.

    Identifying the strongest candidates prior to formal interviews will help the recruiters by only allowing qualified and skillful candidates to progress to the next round. These tests also remove all unconscious bias as private information is withheld from the recruiters. The only information available is the answers from the skills test, not their name, education status or nationality.

    There are lots of jobs that could benefit from using the actuary test, not just recruiters hiring an actuary. This test would also be useful for an accountant, finance manager or banker.

More Job Skills Tests

How our test measures actuary skills

Test questions are designed to assess industry-specific technical skills, soft skills, aptitude and suitable personality dimensions. Our data-driven approach provides results that enable you to determine how suited is a candidate for the role.

Depending on the type of question, the format of the test may vary. Multiple-choice questions are used to measure aptitude, technical skills and soft skills, while agreement on a Likert scale assesses suitable personality dimensions. Skills tests ensure that candidates are being evaluated in a precise and impartial manner, their results demonstrating the true knowledge and potential of each test taker.

The characteristics required to be an actuary were determined by looking at the skills and abilities listed in the US Department of Labor’s O*NET database, which collects data from professionals in various fields.

O*NET is the largest database of its kind, providing detailed information about occupations and the requirements for each role.

Our team of I/O psychologists and psychometrics worked closely with subject-matter experts to create an extensive question bank that can be used to test multiple candidates. We also conducted rigorous field testing with a representative sample of candidates to ensure that the questions were reliable and valid.

Test scores are averaged together to give an overall score. The average score is compared to other candidates' scores to ensure there is no bias toward certain candidates.

Our actuary test is constantly updated and optimized to ensure the best experience and results.

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Validated

Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

Actuary Test FAQs

What skills are required to be an actuary?

An actuary requires a wide range of skills including mathematical, logical and soft skills. An actuary must have a high level of numerical reasoning skills and a thorough understanding of math and numbers. As well as math, they must have strong communication skills, adaptability skills and problem solving. An actuary works closely with people in lots of different situations so as to be able to adapt confidently.

How is this test scored?

The test scoring is unique to the company that's hiring as they know the specifics they are looking for. However, each question will have right and wrong answers and usually, a score of 70% or higher is considered a strong answer to progress further.

Can I see what the test is like?

Yes, of course. You can try the test for free by signing up for a free trial.

Are these tests available in my plan?

We have a range of plans available. The difference between the plans is the number of test attempts permitted, not the type of tests. All our plans include our full test suite comprising all tests and all levels.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

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