Better.com Funding Manager Interview Questions and Answers

Q1. Total Years of experience
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Q2. What is Notice period
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Notice period is the amount of time an employee must give before leaving a job.
• Notice period is typically stated in the employment contract.

• It is a period of time during which the employee continues to work after resigning.

• Employers may require a notice period to allow for a smooth transition and find a replacement.

• Notice periods can vary from a few weeks to several months depending on the job and industry.

• Failure to a...read more
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Q3. What is current CTC
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My current CTC is $60,000 per year.
• My current CTC is $60,000 per year

• CTC stands for Cost to Company

• It includes salary, bonuses, benefits, and any other perks provided by the employer
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Q4. What is expected CTC
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Expected CTC for a Fund Accountant role varies based on experience, location, and company size.
• Expected CTC can range from $50,000 to $100,000+ per year depending on factors like experience level, location, and company.

• Candidates with 1-3 years of experience may expect a CTC of $50,000 to $70,000, while those with 5+ years may aim for $80,000+.

• CTC may also include bonuses, benefits, and other perks in addition to base ...read more
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Q5. Why are you looking for change
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Q1. Fund accounting and Accounting Topics like Posting of entries, ledgers. Private equity and hedgefunds
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Q2. Fund accounting topics like Cap call calculation, distribution calculation, Management Fee calculation, Carried Interest,
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Q1. In-depth of Fund accounting questions like Carry calculation. waterfall methods and accounting questions like rules of accounting and practical example questions of accounts like expense and payable entrie...read more
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Q1. Self introduction and about my self
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Q2. Why you want to join? And discussion about profile
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Q1. Tested accounting knowledge
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Q2. Previous company work related knowledge
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Accounting knowledgeable and private equity knowledge and software knowledge

Q1. Basics of accounting, about current experience, why you are choosing apex, why resined your company
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Q1. No questions, only about payroll related
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Q1. Tell me about yourself
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Q2. What do you mean by derivatives
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Derivatives are financial contracts that derive their value from an underlying asset or security.
• Derivatives can be used for hedging or speculation

• Examples include futures, options, swaps, and forwards

• Derivatives can be complex and carry high risk

• They are widely used in financial markets
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Q1. Private equity questions
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Q2. Journal entries
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Q3. Structure of private equity
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Private equity is a form of investment where funds are raised from investors to acquire ownership stakes in companies.
• Private equity firms raise capital from institutional investors and high-net-worth individuals.

• The funds raised are used to acquire ownership stakes in private companies.

• Private equity firms aim to improve the performance of the acquired companies and eventually sell them for a profit.

• Investments in pri...read more
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Q1. Discussion about the pay
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Q1. Tell me about yourself
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Q2. CACS impact on NAV
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CACS impact on NAV refers to how changes in the Cost Accounting and Control System affect the Net Asset Value of a fund.
• CACS can impact NAV by affecting the valuation of assets held in the fund.

• Changes in CACS can lead to adjustments in the calculation of NAV.

• Accuracy and consistency in CACS data are crucial for maintaining the integrity of NAV calculations.
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Q1. What are the different fee applied to mutual funds?
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Different fees applied to mutual funds include expense ratio, front-end load, back-end load, and redemption fee.
• Expense ratio is an annual fee charged by the fund to cover operating expenses.

• Front-end load is a fee charged when purchasing the fund.

• Back-end load is a fee charged when selling the fund.

• Redemption fee is a fee charged when selling the fund within a certain time period.

• Other fees may include account mainten
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