Fund accountant Interview Questions
A fund accountant is an individual who works with day-to-day accounting. You can have a career as a fund accountant working with real estate, hedge funds, investment portfolios and so on. During a job interview, it is likely that employers will ask questions related to your organisational skills and your knowledge of the finance world.
Top Fund Accountant Interview Questions & How to Answer
Here are three top fund accountant interview questions and tips on how to answer them:
Question No. 1: Can you explain financing terms to me?
How to answer: Interviewers want to make sure you know everything there is to know when it comes to finance skills, terms, market information and software programs. Specific questions vary based on where you are interviewing for a position, but be prepared to talk about things like bonds, equities, mark to market, cap stock activity and more.
Question No. 2: Can you tell me about a time when you analysed information to solve a problem?
How to answer: Fund accountants can encounter a variety of problems on the job, whether these problems are related to a miscalculation or miscommunication. Explain your problem-solving skills to an interviewer to show your knowledge and experience in the field.
Question No. 3: How do you stay organised at work?
How to answer: When working with funds, organisation is key. Employers want to make sure you can keep track of financial values, even in stressful situations. They also want to make sure you have strong communication skills so that employees and clients can express their needs with you and clearly understand your work process.
How far apart is the hour and minute hand a 3:15?5 Answers
No matter what time of the day, the minute and hour hand are always touching in the center of the clock face. Less
360 degrees on the clock. Each number is 360/12 = 30 degrees apart from one another. at 3:15, the minute hand is at 3 while the hour hand is 15/60 = 1/4 away from 3. So (1/4) * 30 = 30/4 = 7 + 2/4 = 7.5 degrees Less
Who has the final decision on derivatives prices.3 Answers
This seems to be an invalid question. There are a lot of derivative instruments out there, options, futures, swap and etc and their prices are usually determined by various factors and some could be affected by the supply and demand of the market and for exchanged traded derivative theor market prices can be obtained easily. And i dont think the directors of the company taking position using those instrument have much influence on the price of the derivative. Less
Trader and investors move the price
to explain how a NAV is calculated2 Answers
NAV is net asset value. It is calculated by taking the current market value of fund's net asset (securities held by the fund minus any liabilities) and dividing it by number of shares outstanding. For example: if a fund has a total net asset of $20 million dollars and there are one million shares of the fund, then the NAV is $20 per share. Less
NAV = (assets- liabilities)/ Total number of units Assets contains stocks and bonds in portfolio and liability means fund manager fees and commision. NAV changes daily as Values of stocks and bonds fluctuates. Less
DId you ever have a challenge with any of your managers and what did you do about it?1 Answers
If you are ever asked the question, “have you ever had a challenging situation with a manager?” It is important not to give an example that makes you look like someone who fights and causes trouble within an organization. In fact, if you are asked this question, “did you ever have difficulty with a manager or a challenge with a manager?” You can start your answer by saying, "I have never had a serious challenge with a manager”. With that being said, that is not a sufficient answer. So you do want to show that you do disagree at times with people, but you are able to find common grounds and are able to resolve issues peacefully. Something like, "There have been times where a manager and I have thought differently about a topic and we discuss it, and sometimes the manager sees my point of view, and sometimes I see theirs. But ultimately, we are able to come to a conclusion and resolve any sort of difference of a opinion quickly and smoothly.” Just saying something like that will reassure the interviewer that you’re not someone who is going to cause problems at their organization. Less
They screen your LinkedIn if you have one, and will go into detail on university projects if you have done any. So make sure your LinkedIn is consistent with your CV and don't have anything on there that you don't want to be asked about.2 Answers
If you don't pass the MCQ there is a slim chance you will be hired.
What kind of McQueen do they ask