It seems to me most actuarial interviews nowadays are based on generalised HR questions, propped up by phobias. Candidates become embarrassed at how little attention the interviewer has paid to their CV after they made such an effort to turn up. References have long disappeared. The result? Self-claims become king. Very little verification takes place. Very little 'interesting' actuarial dialogue takes place.
People with 10+ years experience of actuarial work are asked things like "Give us an example of when you worked in a team". Well, there's only 10+ years of that on CV right under their noses. Perhaps they think actuaries might work in complete isolation - where?
They also enjoy asking for examples of dealing with "stakeholders". There exists a phobia of hiring someone who potentially won't talk to anyone else in the company, especially non-actuaries.
Occasionally they'll try and impress candidates by asking (often ill-defined) "technical question". Clearly that shows the upmost respect to the years upon years the candidate has spent successfully passing IFoA exams to prove their technical credentials under a controlled system. Not to mention years and years of holding down actuarial jobs - none of this enough for the interviewers obviously. Even better, they'll use in-house jargon and show disdain when candidates ask for a definition before proceeding to answer. You see you're supposed to guess in-house actuary jargon in companies you've never worked at...
Finally you're bound to be asked several other questions about things that are already on the CV had the interviewer bothered to read it e.g. how many exams have you passed? Where did you work last? Where are you based?
A tragic part of all this is the interviewers seem to believe that their interviews are somehow highly impressive or unique. A bit like how people view their own weddings, when a vicar or photographer would tell you it was 99% the same as the one last week.
If this profession wants to be taken more seriously maybe it should address why so many of the interviews people get at 'leading companies', predominantly by 'Fellows', are so amateurish, ignorant and irrelevant? They're becoming indistinguishable from interviews for any other job at these companies.
Why do recruiters consider if you've done a workplace task (or claimed you have) that this means you are a far better candidate than someone who has not, when these tasks are not exactly beyond the capabilities of supposedly educated actuaries to pick up and get on with? Oh you've not used 'that' type of spreadsheet before? Then what hope is there for anyone to move between different disciplines e.g. Life to GI. Then we must wonder how anyone in their company can get promoted to a job they've never done before when this phobia exists.
Isn't this a fundamental flaw of the qualification system in that it fails to objectively measure competence? The end result is that the profession gets more and more narrow. The thinking too often is "oh, he's done 'that' kind of work" or "oh, he's done 'those' exams" rather than "well, this person has obviously succeeded at that kind of work and those kind of exams - he/she will be absolutely fine to pick up the work we have here". I think one reason many don't take the latter attitude as they enjoy hyping up their own jobs and tasks when frankly most actuarial tasks don't require a huge IQ or intense mathematical skills to perform. Some employers have caught onto that and are replacing actuary trainees with competent admin staff.
Last edited by a moderator: Jul 4, 2017