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Empower Retirement Process Specialist Interview Questions and Answers

Updated 1 Aug 2024

Empower Retirement Process Specialist Interview Experiences

4 interviews found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. What is meant by 401k
  • Ans. 

    401k is a retirement savings plan sponsored by an employer where employees can contribute a portion of their salary on a tax-deferred basis.

    • 401k is a type of retirement savings plan

    • Employees can contribute a portion of their salary on a tax-deferred basis

    • Employers may match a percentage of the employee's contributions

  • Answered by AI
  • Q2. What is meant by 403b
  • Ans. 

    A 403b is a retirement savings plan for employees of certain non-profit organizations, public schools, and other tax-exempt organizations.

    • 403b plans are similar to 401k plans but are specifically for employees of non-profit organizations and public schools.

    • Employees can contribute a portion of their salary to their 403b plan on a pre-tax basis.

    • Employers may also make contributions to the employee's 403b plan.

    • Withdrawal...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Last job rolled and responsibility
Round 2 - HR 

(1 Question)

  • Q1. Salary discussion

Process Specialist Interview Questions Asked at Other Companies

Q1. What do you understand in KYC, KYC documents? In your previous or ... read more
Q2. What is waiver of liability and who uses it?
asked in Infosys BPM
Q3. What are the different types of metrics used by Human Resources?
Q4. What is an IPA and how to verify?
Q5. How can you troubleshoot valuable metal losses?
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell me about your self? Defined benefits & contributions? Rollovers EFTs Vesting & types of vesting
  • Q2. About basic intro Previous experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Nothing from my end

I applied via Referral and was interviewed in Dec 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Full accounts based questions and company profile and self introduction

Interview Preparation Tips

Interview preparation tips for other job seekers - This interview was video call .it was 45mintes .the interviews was knowledge and communication skills.most of the question asked to me accounts based and G.S.T. to me were related to m.com curriculum vitae.luckly I was able to answer most of the question.it was first video call interview.and you need to stay calm and apply presen of mind..

Empower Retirement interview questions for designations

 Senior Process Analyst

 (1)

 Claims Specialist

 (1)

 Accounting Specialist

 (1)

 Specialist

 (1)

 Process Associate

 (2)

 Associate Specialist

 (2)

 Senior Specialist

 (1)

 Financial Analyst

 (1)

Interview questions from similar companies

I was interviewed in Dec 2016.

Interview Questionnaire 

7 Questions

  • Q1. Tell me about yourself
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • I have a Bachelor's degree in Statistics and experience in analyzing large datasets

    • I am proficient in using statistical software such as R and Python

    • I have a proven track record of identifying trends and providing actionable insights to drive business decisions

  • Answered by AI
  • Q2. How does Insurance companies work ?
  • Ans. 

    Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.

    • Insurance companies collect premiums from policyholders in exchange for coverage.

    • They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.

    • Insurance companies invest the collected premiums to generate income and ensure they have suffic...

  • Answered by AI
  • Q3. Who is an actuary and what are his roles ?
  • Ans. 

    An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.

    • Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss

    • Designing insurance policies and pension plans based on risk assessments

    • Helping companies make informed decisions on managing risks and setting premiums

    • Advising on investment strategies to ensure ...

  • Answered by AI
  • Q4. What is India's GDP and its growth rate ?
  • Ans. 

    India's GDP is $2.7 trillion with a growth rate of 4.2%.

    • India's GDP is one of the largest in the world.

    • As of 2020, India's GDP was $2.7 trillion.

    • The growth rate of India's GDP in 2020 was 4.2%.

    • India's GDP growth rate has been fluctuating over the years.

    • The COVID-19 pandemic had a significant impact on India's GDP growth.

  • Answered by AI
  • Q5. What are the Pros and Cons of Demonetization ?
  • Ans. 

    Demonetization has pros and cons that impact various aspects of the economy and society.

    • Pros: Curbing black money, reducing corruption, promoting digital transactions

    • Cons: Initial economic disruption, inconvenience to the public, impact on informal sector

    • Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.

    • Example of a con: Small businesses and daily wage workers f

  • Answered by AI
  • Q6. If there are two data sets each with 100 variables and having 10000 and 12000 policies verify the validity of the second data set assuming the first one is accurate.
  • Ans. 

    The validity of the second data set can be verified by comparing it with the first data set.

    • Compare the variables in both data sets to ensure they are the same.

    • Check if the number of policies in the second data set matches the number stated.

    • Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.

    • Validate the accuracy of the second data set by cross-referencing it with external so

  • Answered by AI
  • Q7. Why do you want to work as an analyst ?
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive informed decision-making.

    • I enjoy problem-solving and critical thinking, which are essential skills for an analyst.

    • I have a strong attention to detail and excel at organizing and interpreting complex information.

    • I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.

    • I believe that my analytical skills can contr...

  • Answered by AI

Interview Preparation Tips

College Name: IIT Madras
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Aug 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. Educational background
Round 2 - HR 

(1 Question)

  • Q1. Some hr questions

Interview Questionnaire 

1 Question

  • Q1. Why you want to come is insurance sector
  • Ans. 

    I am passionate about helping people protect their assets and loved ones through insurance.

    • I have a strong desire to help individuals and families plan for the unexpected.

    • I believe in the importance of financial security and peace of mind that insurance provides.

    • I am interested in the dynamic and evolving nature of the insurance industry.

    • I enjoy analyzing risks and finding solutions to mitigate them.

    • I have a background...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Aptitude & Reasoning

Round 1 - One-on-one 

(1 Question)

  • Q1. Last company experiance

Interview Preparation Tips

Interview preparation tips for other job seekers - Good job

I applied via Campus Placement and was interviewed before Sep 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Basic details about you, how you convince customer to buy new policy, what will you do if customer not respond you and also dis respect you, etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and stay clam while appearing for interview because they also check your patience
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Referral and was interviewed in Aug 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - One-on-one 

(1 Question)

  • Q1. What do u mean by IRDAI
  • Ans. Indian Regulatory Development Authority of India
  • Answered Anonymously
Round 3 - HR 

(1 Question)

  • Q1. Introduce yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't be anxious to face the interview,always be confident in answering the interview
Contribute & help others!
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Empower Retirement Interview FAQs

How many rounds are there in Empower Retirement Process Specialist interview?
Empower Retirement interview process usually has 1-2 rounds. The most common rounds in the Empower Retirement interview process are One-on-one Round, Resume Shortlist and HR.
What are the top questions asked in Empower Retirement Process Specialist interview?

Some of the top questions asked at the Empower Retirement Process Specialist interview -

  1. What is meant by 4...read more
  2. What is meant by 4...read more

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Empower Retirement Process Specialist Interview Process

based on 3 interviews

Interview experience

4.7
  
Excellent
View more
Empower Retirement Process Specialist Salary
based on 36 salaries
₹3.2 L/yr - ₹5.6 L/yr
21% less than the average Process Specialist Salary in India
View more details

Empower Retirement Process Specialist Reviews and Ratings

based on 13 reviews

3.2/5

Rating in categories

3.5

Skill development

3.5

Work-life balance

3.0

Salary

3.7

Job security

3.2

Company culture

2.7

Promotions

3.2

Work satisfaction

Explore 13 Reviews and Ratings
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