Pension Consultant Interview Preparation Guide
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Pension Consultant related Frequently Asked Questions by expert members with job experience as Pension Consultant. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts

58 Pension Consultant Questions and Answers:

1 :: Tell me what are the benefits of working as an actuary?

☛ Flexibility in working hours: Actuary can have flexible working hours and can balance his professional commitments
☛ High Salaries: From beginning onwards, salary package are excellent, and in high paying jobs it is considered as one of them
☛ International Opportunities: There is no limitation to one country, it is applicable all over the world
☛ Central Role: Many companies and government institute are highly dependent on the research and result of the actuary. On the basis of their calculation, they take a decision whether to implement the new ideas or not
☛ Wide Scope: The area or field for actuary is wide, you can work in a specialist area like insurance, pensions, benefits, healthcare, investments and banking, etc.

2 :: Tell me what interests you most about the position on offer?

The career prospects, job content, work environment, day-to-day duties, etc.

3 :: Tell me how do you handle high-pressure situations at work?

One high-pressure situation we were in recently is that a business contacted us interested in setting up a policy for all their employees, totaling over 150 individuals. It was a huge potential case that would have brought in a lot of money for our organization. My boss encouraged everyone to dedicate a majority of their resources to landing this client. It required some late nights and working on the weekend to get everything together, but I managed to get through by talking everything out with my colleagues. Everyone else was going through the same thing, so it was easy to talk with my peers so that we could discuss trepidation or worries. It was really helpful to have people who understood precisely what I was going through, and we ended up landing the client in the end.

4 :: Tell me you haven’t worked for a long time. Why not?

You may have gaps in employment for many reasons. Be honest. Speak confidently about the experience you gained during the gaps that could transfer to on-the-job skills. For instance, if you were a caregiver, you likely managed complex personal finance issues. As a volunteer, you might have worked with diverse groups and managed challenging schedules.

5 :: Explain what Is Your Proficiency With Microsoft Applications?

Microsoft applications such as Word, Excel and Access are very important in processing payroll and organizing attendance, hours worked and pay adjustments. Qualified applicants should have considerable knowledge of Microsoft applications.

6 :: Explain how Would You Handle an Upset Employee Whose Pay Is Inaccurate?

Occasionally mistakes in payroll happen. This question allows the applicant to describe how he would resolve a situation that involves a disgruntled employee who needs assistance.

7 :: Explain me are You Familiar With Employment Laws that Regulate Employee Pay?

The Fair Labor Standards Act (FLSA) sets standards for minimum wage, overtime, commissions, wage garnishments, record-keeping and reporting. Payroll administrators must be very familiar with these laws to comply with FLSA requirements.

8 :: What was the hardest question they asked you in their interview process?

I think the question that I will never forget was the most difficult one that I had to answer. They asked me an analytical question, where I had to estimate the answer based on little information. They weren’t too interested in what my final answer was, more how I got there and what assumptions I made. It’s the sort of difficult question that you can’t really prepare for, but tests your ability to think on the spot and think critically.

9 :: What are your salary requirements as Pension Consultant?

Try to postpone this question until you receive a job offer. Prepare by knowing the going rate in your area. A good resource is the U.S. Bureau of Labor Statistics. If you don’t know the range and the interviewer persists, reply, What salary range are you working with? The interviewer may very well tell you.

10 :: Tell me are you able to handle criticism?

I have been working in the insurance industry for some time, so I have become accustomed to handling criticism. I have one coworker in particular who has a real knack for pointing out minor mistakes, and I have learned to take it in stride and implement suggestions rather than fighting someone about it.
Landing a new pension agent position might seem difficult, but by studying these pension agent interview questions and answers, you will be much more prepared.