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Bank of America Commercial Credit Analyst Interview Questions and Answers
Bank of America Commercial Credit Analyst Interview Experiences
1 interview found
dblackmon34
(2 Questions)
- Q1. Walk me through the balance sheet
- Ans.
The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
The balance sheet consists of three main sections: assets, liabilities, and equity.
Assets are what the company owns, such as cash, inventory, and property.
Liabilities are what the company owes, such as loans, accounts payable, and bonds.
Equity represents the company's net worth, calculated a...
- Q2. Walk me through the income statement
- Ans.
The income statement shows a company's revenues, expenses, and profits over a specific period of time.
Start with total revenue, which includes sales, services, and other sources of income
Subtract cost of goods sold to calculate gross profit
Then deduct operating expenses such as salaries, rent, and utilities to get operating income
Finally, subtract taxes and interest expenses to arrive at net income
Example: Revenue - Co...
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Credit Manager Interview Questions & Answers
Jana Small Finance Bank
kuldeep patil
posted on 15 Aug 2024
(2 Questions)
- Q1. Introduction and knowledge
- Q2. Credit Underwriting
Credit Manager Interview Questions & Answers
ANZ Banking Group
Sarvagyaa Vikaas
posted on 18 Oct 2023
Selected
I applied via Naukri.com and was interviewed in Sep 2023. There were 3 interview rounds.
English writing - formal and informal
(3 Questions)
- Q1. Technical round - was okay - role play
- Q2. Detailed question on ur exp
- Q3. Was the role in previous co - team lead
- Ans.
Yes
Yes, I have previous experience as a team lead in my previous role.
As a team lead, I was responsible for managing a team of credit analysts and overseeing their work.
I provided guidance and support to team members, ensuring that they met their targets and maintained high-quality standards.
I also collaborated with other departments to streamline processes and improve efficiency.
For example, I implemented a new credit...
Interview Preparation Tips
Credit related questions
Market strategy business development
Business penetration Maintain
Interview Preparation Tips
(1 Question)
- Q1. How would you analyse a company if tou want to give term loan? What if cashflow is negative, will yo lend? Dscr How would you analyse a company
- Ans.
To analyze a company for a term loan, consider factors like cash flow, debt service coverage ratio (DSCR), financial statements, industry trends, and management quality.
Examine the company's financial statements to assess its profitability, liquidity, and leverage.
Calculate the debt service coverage ratio (DSCR) to determine if the company generates enough cash flow to cover its debt obligations.
Evaluate the company's ...
Selected
I applied via Naukri.com and was interviewed in Jan 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Tell me about yourself
- Q2. How will you analyse a Balance Sheet
- Ans.
Analyzing a balance sheet involves examining assets, liabilities, and equity to determine financial health.
Start by calculating the current ratio to assess liquidity
Examine the debt-to-equity ratio to evaluate leverage
Analyze the inventory turnover ratio to assess efficiency
Look at the return on equity to evaluate profitability
Compare the balance sheet to previous periods and industry benchmarks
Consider any off-balance...
Interview Preparation Tips
Credit Manager Interview Questions & Answers
HSBC Global Banking and Markets
Anonymous
posted on 12 Jun 2024
I applied via Recruitment Consulltant and was interviewed before Jun 2023. There was 1 interview round.
(2 Questions)
- Q1. Details about corporate mortgage
- Q2. Corporate customer documents verification for term loans
Branch Credit Manager Interview Questions & Answers
Equitas Small Finance Bank
Anonymous
posted on 28 Dec 2021
I applied via Walk-in and was interviewed in Nov 2021. There were 4 interview rounds.
Interview Questionnaire
5 Questions
- Q1. What kind of product to handle?
- Ans.
The Branch Credit Manager handles various financial products and services.
Loans and credit facilities
Credit cards
Mortgages
Overdrafts
Trade finance
Asset-based lending
Working capital financing
- Q2. What is your nature of work for your previous company
- Q3. How to change your attitude
- Q4. Why do leave your previous company
- Q5. What is your expectations
Interview Preparation Tips
I applied via Referral and was interviewed in Oct 2021. There were 3 interview rounds.
Interview Questionnaire
6 Questions
- Q1. Previous company job role
- Q2. Product I handle
- Ans.
I handle credit products for various industries.
I manage credit lines and evaluate creditworthiness for clients in different sectors.
I analyze financial statements, credit reports, and other relevant data to assess risk.
I collaborate with sales teams to establish credit terms and conditions for customers.
I monitor credit limits, payment terms, and collections to ensure timely payments.
I provide recommendations for cred...
- Q3. Count of files per day I do
- Ans.
I process an average of 50 files per day.
On average, I handle 50 files daily.
The number of files I process per day is around 50.
I typically deal with approximately 50 files each day.
- Q4. About Visit to client
- Q5. Check points while underwriting
- Ans.
Check points while underwriting
Evaluate the borrower's credit history and credit score
Assess the borrower's income and employment stability
Review the borrower's debt-to-income ratio
Analyze the borrower's collateral or assets
Consider the borrower's repayment capacity
Verify the borrower's financial documents
Assess the borrower's payment history and credit utilization
Evaluate the borrower's industry and market conditions
- Q6. Any questions to ask
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Oct 2021. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. Privies salary, salary hikes
- Q2. Salary package dissusion
- Q3. Normally question , recent job releted
- Q4. Recent job profile, family background
Interview Preparation Tips
Bank of America Interview FAQs
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Bank of America Commercial Credit Analyst Interview Process
based on 1 interview
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