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Empower Retirement Transaction Processing Officer Interview Questions and Answers

Updated 22 Apr 2022

Empower Retirement Transaction Processing Officer Interview Experiences

1 interview found

I applied via Walk-in

Round 1 - Technical 

(2 Questions)

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

    401k is a retirement savings plan sponsored by an employer.

    • 401k allows employees to contribute a portion of their salary to a retirement account.

    • Employers may also contribute to the account, either matching the employee's contribution or making a set contribution.

    • The funds in the account are invested and grow tax-free until withdrawal at retirement age.

    • Withdrawals before retirement age may result in penalties and taxes...

  • Answered by AI
  • Q2. Why did left the job
Round 2 - HR 

(2 Questions)

  • Q1. I'm waiting for HR round
  • Q2. Waiting for response

Interview Preparation Tips

Interview preparation tips for other job seekers - I'm ready to immediate joining

Interview questions from similar companies

I applied via Naukri.com and was interviewed in Oct 2019. There were 7 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. I have no question because I love Max life insurance and love Forever.

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview is very marvelous and also very interesting because most of coleage is very intelligent and mostly I love this people because they are polished in their field.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Feb 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 - HR 

(2 Questions)

  • Q1. Why Max Life?how did u come to know about us?
  • Q2. Say something about yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and be honest to the interviewer also be prepared about why u r leaving the last organization.

I applied via Naukri.com and was interviewed before Apr 2021. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Why should we hire you?
  • Q2. Tell me about yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident, honest.have gd communication skill

I applied via Recruitment Consultant and was interviewed in Jun 2019. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. The question was asked about my past experiences

Interview Preparation Tips

Interview preparation tips for other job seekers - I have not so much knowledge to share about my interview experience but I would like to share one thing only that when ever you go to give interview, remember that this job is make for me only and I have a full ability to crack this interview.

I applied via Recruitment Consulltant and was interviewed before Feb 2021. 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 - HR 

(7 Questions)

  • Q1. What are your salary expectations?
  • Q2. What is your family background?
  • Q3. Share details of your previous job.
  • Q4. Why should we hire you?
  • Q5. Why are you looking for a change?
  • Q6. What are your strengths and weaknesses?
  • Q7. Tell me about yourself.
Round 3 - Behavioral 

(2 Questions)

  • Q1. Achievements of last job
  • Q2. How can you manage stress

Interview Preparation Tips

Interview preparation tips for other job seekers - Confidence and achievements will be key points

I applied via Campus Placement and was interviewed before Aug 2021. There were 2 interview rounds.

Round 1 - Group Discussion 

Multiple topics on Business, Ethics and others

Round 2 - One-on-one 

(1 Question)

  • Q1. Basic HR and Resume based questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't join this company, you will regret forever unless you want to be in the insurance sector.

No work life balance, toxic culture and people. Saturdays are working and people make you work even on holidays.

Think twice before entering this company and mostly this is not only my experience but for a lot of people. Most of them can't exit cause they are part of the system for long or have restricted skillset.

Don't ruin your life

I was interviewed before Aug 2020.

Interview Questionnaire 

1 Question

  • Q1. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - I was hired in campus recruitment drive, my only advice to you is just be confident out there, eat food from recruiters plate if they offer just be who you are, speak loud and clear.
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 - HR 

(5 Questions)

  • Q1. What are your salary expectations?
  • Q2. What is your family background?
  • Q3. Share details of your previous job.
  • Q4. Tell me about yourself.
  • Q5. Why are you looking for a change?
Round 3 - Behavioral 

(3 Questions)

  • Q1. What is Life Insurance?
  • Ans. 

    Life insurance is a contract between an insurer and a policyholder, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

    • Life insurance provides financial protection to the family of the insured in case of their untimely death.

    • There are different types of life insurance policies such as term life, whole life, and universal life.

    • Premiums for life insurance policies...

  • Answered by AI
  • Q2. How Life insurance is helpful?
  • Ans. 

    Life insurance provides financial security to the family of the insured in case of their untimely demise.

    • Life insurance helps in providing financial stability to the family of the insured in case of their sudden death.

    • It can help cover expenses such as funeral costs, outstanding debts, and future expenses like children's education.

    • It can also act as an income replacement for the family of the insured.

    • Life insurance can...

  • Answered by AI
  • Q3. Which is most important thing in sales?
  • Ans. 

    Building relationships with customers is the most important thing in sales.

    • Building trust and rapport with customers

    • Understanding their needs and providing solutions

    • Following up and maintaining communication

    • Providing excellent customer service

    • Creating a positive customer experience

    • Repeat business and referrals are key indicators of success

  • Answered by AI
Round 4 - Assignment 
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Mar 2023. There were 3 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me about your profile
  • Q2. Technical question as per applied job profile
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell me about your profile
  • Q2. Technical question as per applied job profile
Round 3 - HR 

(2 Questions)

  • Q1. Salary discussion
  • Q2. Previous employment

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview difficulty can be rated at 3 out 5. Interviewers are interested in your knowledge about the field. There was no technical test as such, but during one on one round they cover technical questions.
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Empower Retirement Interview FAQs

How many rounds are there in Empower Retirement Transaction Processing Officer interview?
Empower Retirement interview process usually has 2 rounds. The most common rounds in the Empower Retirement interview process are Technical and HR.
What are the top questions asked in Empower Retirement Transaction Processing Officer interview?

Some of the top questions asked at the Empower Retirement Transaction Processing Officer interview -

  1. what is mean by 4...read more
  2. I'm waiting for HR ro...read more
  3. waiting for respo...read more

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