TOP EXCEL FUNCTIONS FUTURE
ACTUARIES MUST KNOW!
BY ETCHED ACTUARIAL
When you start working in your first actuarial position, you’re probably going to be using
Microsoft Excel quite often. That means you need to be completely comfortable with all the
formulas and capabilities that it offers.
Below is your list of the top most frequently used Excel formulas for entry-level actuarial work.
These are formulas that you absolutely MUST know how to use, and when it is appropriate to
use them.
Some actuarial candidates get turned down for job opportunities because they don’t know
Excel well enough for the position. Don’t let that happen to you!
FORMULA
1
=SUM(cell range)
2
=SUMIF(range, criteria)
3
=AVERAGE(cell range)
4
=AVERAGEIF(range,
criteria)
5
=COUNT(cell range)
6
=COUNTIF(range, criteria)
7
8
9
=VLOOKUP(lookup value,
data range, column #,
approximate
(true)/exact(false) match)
=HLOOKUP(lookup value,
data range, row #,
approximate
(true)/exact(false) match)
=LEFT(cell, # of
characters)
WHEN TO USE
EXAMPLE
10 =RIGHT(cell, # of
characters)
11 =MID(cell, start position,
# of characters)
12 =IF(condition, result if
true, result if false)
13 =SUMPRODUCT()
14 =ROUND(cell, # of decimal
places)
Workshop Notes: