Axa XL Accounts Payable Associate Interview Questions and Answers

Q1. How are heard about HDFC Life?
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Q1. Talk about your experience
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Q2. What is your salary expectation
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Q1. Do you know about CAMELS
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CAMELS is a rating system used by regulators to assess the soundness of financial institutions.
• CAMELS stands for Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk.

• Each component is rated on a scale of 1 to 5, with 1 being the best and 5 being the worst.

• Regulators use CAMELS ratings to determine the overall health and stability of financial institutions.

• For example, a bank ...read more
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Q2. What is substance over form
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Substance over form is a concept in accounting where the economic reality of a transaction is more important than its legal form.
• Focuses on the underlying economic substance of a transaction rather than its legal form

• Ensures that financial statements accurately reflect the true financial position of a company

• Helps prevent misleading financial reporting by looking beyond surface details

• Example: Recording a lease as an o...read more
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There are a total of four rounds of interviews.

Q1. Can you tell me about yourself? What motivated you to choose Allstate?
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Q2. Why did you leave your last company?
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Q1. Asked about your projects you have worked on?
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Q2. Some questions relates with project.
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Q1. Only salary discussion.
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Mostly asked on insurance

Insurance and accounting

Q1. Previously working experience
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Q1. What is risk Mangement?
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Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events.
• Identifying potential risks that could impact an organization's objectives

• Assessing the likelihood and impact of each risk

• Prioritizing risks based on their potential impact

• Developing strategies ...read more
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Q2. Principle of insurance
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Principle of insurance refers to the basic rules and guidelines that govern the insurance industry.
• Principle of utmost good faith: Both parties must act honestly and disclose all relevant information.

• Principle of insurable interest: The insured must have a financial interest in the insured item.

• Principle of indemnity: The insured should be compensated to the extent of the actual loss suffered.

• Principle of contribution:...read more
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