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BNP Paribas Fund Accountant Interview Questions and Answers

Updated 27 Jun 2024

BNP Paribas Fund Accountant Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Basic accounting questions

Round 2 - Technical 

(3 Questions)

  • Q1. What is financial market
  • Ans. 

    Financial market is a platform where buyers and sellers trade financial securities, commodities, and other fungible items.

    • Financial markets facilitate the exchange of assets such as stocks, bonds, currencies, and derivatives.

    • They provide a platform for companies to raise capital through issuing stocks or bonds.

    • Financial markets can be categorized into primary markets (new securities are issued) and secondary markets (e...

  • Answered by AI
  • Q2. What is investment banking
  • Ans. 

    Investment banking involves providing financial services to corporations, governments, and other institutions.

    • Facilitates mergers and acquisitions

    • Underwrites securities offerings

    • Provides financial advisory services

    • Assists with raising capital for clients

    • Engages in trading and market-making activities

  • Answered by AI
  • Q3. What is Net Asset Value
  • Ans. 

    Net Asset Value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

    • NAV is calculated by subtracting the fund's liabilities from its assets.

    • The result is then divided by the number of shares outstanding to determine the NAV per share.

    • NAV is used to determine the price at which investors can buy or sell shares of the fund.

    • It is an important metric for investors to tra

  • Answered by AI
Round 3 - One-on-one 

(3 Questions)

  • Q1. Tell me about yourself
  • Q2. Journal entries
  • Q3. Talk on current affairs

Interview Preparation Tips

Interview preparation tips for other job seekers - Learn much about financial markets, securities, primary and secondary markets

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Sep 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

There was one online exam

Round 2 - One-on-one 

(2 Questions)

  • Q1. Type of derivatives
  • Ans. 

    Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

    • Derivatives can be categorized into options, futures, forwards, and swaps.

    • Options give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.

    • Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.

    • Forwar...

  • Answered by AI
  • Q2. What is NAV and its formula
  • Ans. 

    NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities.

    • NAV is calculated by subtracting the total value of a fund's liabilities from the total value of its assets.

    • The formula for NAV is (Total Assets - Total Liabilities) / Total Number of Outstanding Shares.

    • NAV is used to determine the price at which investors can buy or sell shares of a mutual fund or ETF.

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Company Website and was interviewed in Sep 2024. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. All about derivatives
  • Q2. All About Journal entries
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Mar 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(5 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    I am a detail-oriented and analytical professional with a strong background in finance and accounting.

    • I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.

    • I am experienced in preparing financial statements, reconciling accounts, and analyzing investment portfolios.

    • I have a deep understanding of accounting principles and regulations, including GAAP and IFRS.

    • I am profic...

  • Answered by AI
  • Q2. What are your job location preferences
  • Ans. 

    I am open to job locations that offer a strong financial industry presence and opportunities for professional growth.

    • I prefer job locations with a strong financial industry presence.

    • I am interested in locations that offer opportunities for professional growth and development.

    • I am open to considering different locations based on the specific job requirements and career prospects.

    • I value a supportive work environment and...

  • Answered by AI
  • Q3. Tell me about your expectations about salary and hike
  • Ans. 

    I expect a competitive salary that reflects my skills and experience, and I hope for regular performance-based hikes.

    • I believe my skills and experience warrant a competitive salary.

    • I hope for regular performance-based hikes to recognize my contributions.

    • I am open to negotiation and would like to discuss the salary and hike in detail during the interview.

    • I understand that the salary and hike will depend on the company's

  • Answered by AI
  • Q4. Can you briefly tell me about your past experience
  • Ans. 

    I have 5 years of experience as a Fund Accountant in a leading financial institution.

    • Managed daily accounting activities for multiple investment funds

    • Performed NAV calculations and reconciliations

    • Prepared financial statements and reports for clients

    • Collaborated with portfolio managers and auditors

    • Implemented process improvements to enhance efficiency

  • Answered by AI
  • Q5. If you got selected for job then in how many days you will take to join us?
  • Ans. 

    I will be able to join within 2 weeks of receiving the offer.

    • I will need to give notice to my current employer, which typically requires 2 weeks.

    • I will need to complete any necessary paperwork and background checks before starting.

    • I will also need some time to prepare for the transition and tie up loose ends in my current role.

    • However, I am open to discussing the start date and can potentially join earlier if needed.

  • Answered by AI
Round 3 - One-on-one 

(19 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    I am a detail-oriented and analytical professional with a strong background in finance and accounting.

    • I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.

    • I am proficient in financial analysis, reconciliation, and reporting.

    • I have experience in managing complex investment portfolios and ensuring compliance with regulatory requirements.

    • I am skilled in using accounting ...

  • Answered by AI
  • Q2. Discussion on various points which are in resume
  • Q3. What is fund accounting?
  • Ans. 

    Fund accounting is a specialized form of accounting used by organizations that manage funds or investments.

    • It focuses on tracking and reporting the financial activities of specific funds or investment portfolios.

    • It involves recording and reconciling transactions, calculating net asset values, and preparing financial statements.

    • Fund accountants ensure compliance with regulatory requirements and provide accurate and time...

  • Answered by AI
  • Q4. What is NAV calculation, how to calculate NAV?
  • Ans. 

    NAV calculation is the process of determining the net asset value of a fund, which represents the value per share/unit.

    • NAV is calculated by subtracting the fund's liabilities from its assets.

    • Assets include investments, cash, and receivables, while liabilities include expenses and payables.

    • NAV = (Total Assets - Total Liabilities) / Total Shares/Units Outstanding.

    • NAV is typically calculated on a daily basis for mutual fu...

  • Answered by AI
  • Q5. What is asset and liability? What are subcategories and formula to determine asset and liability?
  • Ans. 

    Assets are resources owned by a company, while liabilities are obligations or debts. They have subcategories and formulas to determine their values.

    • Assets are economic resources that provide future benefits to a company, such as cash, inventory, or property.

    • Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.

    • Subcategories of assets include current assets (e.g....

  • Answered by AI
  • Q6. What is GAV? How it is differ from NAV?
  • Ans. 

    GAV stands for Gross Asset Value, which represents the total value of all assets in a fund. NAV stands for Net Asset Value, which is the value of a fund's assets after deducting liabilities.

    • GAV is the total value of all assets in a fund, including both realized and unrealized gains or losses.

    • NAV is the value of a fund's assets after deducting liabilities, such as management fees, operating expenses, and accrued expense...

  • Answered by AI
  • Q7. What is equity, and bond?
  • Ans. 

    Equity is ownership in a company, while a bond is a debt instrument issued by a company or government.

    • Equity represents ownership in a company and gives shareholders the right to vote and receive dividends.

    • Bonds are debt instruments where the issuer borrows money from investors and promises to repay the principal with interest.

    • Equity holders have a higher risk and potential for higher returns compared to bondholders.

    • Ex...

  • Answered by AI
  • Q8. What is capstock? Explain subscription and resumption
  • Ans. 

    Capstock refers to the total value of a company's outstanding shares of stock.

    • Capstock is the market value of a company's equity capital.

    • It represents the total value of all the company's shares of stock.

    • Capstock can be calculated by multiplying the current market price per share by the total number of outstanding shares.

    • It is an important metric for investors and analysts to assess the overall value of a company.

    • Subsc...

  • Answered by AI
  • Q9. How can capstock affects the NAV?
  • Ans. 

    Capstock can affect the NAV by impacting the valuation of the fund's investments.

    • Capstock refers to the capitalization of a stock, which is the total value of a company's outstanding shares.

    • If a fund holds capstocks that experience a significant increase or decrease in value, it can impact the Net Asset Value (NAV) of the fund.

    • An increase in the value of capstocks held by a fund can lead to an increase in the NAV, as t...

  • Answered by AI
  • Q10. What do you know about management fees and performance fees?
  • Ans. 

    Management fees and performance fees are charges levied by investment managers for managing funds and achieving certain performance benchmarks.

    • Management fees are ongoing charges that cover the cost of managing the fund, including administrative expenses, research, and investment management.

    • Performance fees are additional charges based on the fund's performance relative to a benchmark or a predetermined hurdle rate.

    • Man...

  • Answered by AI
  • Q11. What are accounting rules? Both modern and traditional?
  • Ans. 

    Accounting rules are guidelines and principles that govern the recording and reporting of financial transactions.

    • Accounting rules ensure consistency and accuracy in financial reporting.

    • They provide a framework for recording and classifying transactions.

    • Modern accounting rules are often based on international standards, such as the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting P...

  • Answered by AI
  • Q12. Explain dr and cr? Explain ledger and subledger?
  • Ans. 

    DR and CR are abbreviations for debit and credit, which are used in accounting to record financial transactions. Ledger is a book that contains all the accounts, while subledger is a subsidiary ledger that provides more detailed information for specific accounts.

    • DR stands for debit, which represents an increase in assets or a decrease in liabilities or equity.

    • CR stands for credit, which represents a decrease in assets ...

  • Answered by AI
  • Q13. What is corporate action and it's various types
  • Ans. 

    Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders.

    • Corporate actions can include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.

    • Stock split: When a company divides its existing shares into multiple shares, e.g., 2-for-1 split.

    • Dividends: Distribution of a portion of a company's earnings to its shareholders.

    • Mergers and acquisitions: W...

  • Answered by AI
  • Q14. Your expectations from job
  • Ans. 

    I expect the job to provide opportunities for growth, a supportive work environment, and a competitive salary.

    • Opportunities for professional development and advancement

    • A positive and collaborative work culture

    • A fair and competitive salary

    • Clear expectations and goals

    • Work-life balance

    • Supportive management and colleagues

    • Challenging and engaging work tasks

    • Opportunities to learn new skills and technologies

    • Recognition for ac

  • Answered by AI
  • Q15. Why should we hire you?
  • Ans. 

    I have the necessary skills, experience, and passion for the role of Fund Accountant.

    • I have a strong background in accounting and finance, with a focus on fund accounting.

    • I have experience working with various financial instruments and investment strategies.

    • I am highly detail-oriented and have a track record of accuracy in financial reporting.

    • I am proficient in using accounting software and have a strong understanding ...

  • Answered by AI
  • Q16. What you find interesting about state Street corporation? What is the majore reason to choose state street corp
  • Ans. 

    State Street Corporation is a leading financial services company known for its global presence and expertise in asset management and custody services.

    • State Street Corporation is one of the largest custodian banks in the world, providing services to institutional investors and asset managers.

    • The company has a strong global presence with offices in over 100 locations worldwide.

    • State Street is known for its expertise in a...

  • Answered by AI
  • Q17. Do you have any knowledge about MS-excel?
  • Ans. 

    Yes, I have extensive knowledge of MS-Excel.

    • I am proficient in using Excel for financial analysis and reporting.

    • I have experience in creating complex financial models using Excel.

    • I am skilled in using Excel functions such as VLOOKUP, SUMIF, and Pivot Tables.

    • I have used Excel to prepare financial statements and reconcile accounts.

    • I am comfortable working with large data sets in Excel and have experience in data analysis

  • Answered by AI
  • Q18. Questions about ms Excel formulas
  • Q19. Discussion about salary, appraisal, working hours, work life balance, leaves and other

Interview Preparation Tips

Interview preparation tips for other job seekers - Try to not fake, hiring manager knows where you are faking

I applied via Approached by Company and was interviewed in Sep 2022. There were 4 interview rounds.

Round 1 - Assignment 

Mostly asked about the basics of derivatives and corporate action adjustments in the books

Round 2 - Technical 

(6 Questions)

  • Q1. What was the journal entry for prepaid rent which has paid at beginning of the month for the whole year and entry at the end of month ?? Which is entry affects the networth??
  • Ans. 

    Journal entry for prepaid rent paid at beginning and end of month affecting net worth.

    • Debit prepaid rent account for the full amount paid at the beginning of the month

    • Credit cash account for the same amount

    • At the end of the month, debit rent expense account for the portion of rent used during the month

    • Credit prepaid rent account for the same amount

    • The entry at the end of the month affects the net worth as it reduces th...

  • Answered by AI
  • Q2. Why RBI increase Repo rate to control inflation ?
  • Ans. 

    RBI increases Repo rate to control inflation by reducing money supply and increasing cost of borrowing.

    • Repo rate is the rate at which RBI lends money to commercial banks.

    • When RBI increases Repo rate, it becomes expensive for banks to borrow money from RBI.

    • Banks then increase their lending rates to customers, which reduces borrowing and spending.

    • This reduces money supply in the economy, which helps in controlling inflat...

  • Answered by AI
  • Q3. What was difference between options and future?
  • Ans. 

    Options give the right but not the obligation to buy or sell an asset at a predetermined price, while futures require the buyer or seller to fulfill the contract at a specific date and price.

    • Options provide flexibility to the buyer as they can choose whether or not to exercise the option, while futures require the buyer or seller to fulfill the contract.

    • Options have a premium that the buyer pays to the seller for the r...

  • Answered by AI
  • Q4. What impact do share price have on issue of dividend ? And what was the reason behind it?
  • Ans. 

    The share price has an impact on the issue of dividends as it affects the dividend yield and the amount of cash paid out to shareholders.

    • Share price affects the dividend yield, which is calculated by dividing the annual dividend per share by the share price.

    • A higher share price reduces the dividend yield, making the stock less attractive to income-seeking investors.

    • Share price also affects the amount of cash paid out a...

  • Answered by AI
  • Q5. What is the entry for share purchased today which will be credited into demat on T+2?
  • Ans. 

    The entry for share purchased today credited into demat on T+2 is a debit to the cash account and a credit to the demat account.

    • Debit cash account

    • Credit demat account

    • Occurs on T+2

    • Reflects purchase of shares

  • Answered by AI
  • Q6. What is the technical term we use for the bond interest
  • Ans. 

    The technical term for bond interest is coupon rate.

    • Coupon rate is the fixed annual interest rate paid on a bond.

    • It is expressed as a percentage of the bond's face value.

    • For example, a bond with a face value of $1000 and a coupon rate of 5% will pay $50 in interest annually.

    • Coupon payments are usually made semi-annually or quarterly.

  • Answered by AI
Round 3 - Behavioral 

(2 Questions)

  • Q1. What was the developments that you would like to make in yourself
  • Q2. Describe yourself in three adjectives
Round 4 - HR 

(5 Questions)

  • Q1. Why should we hire you?
  • Q2. Why you chose Morgan Stanley?
  • Q3. Why you were interested in this role?
  • Q4. Why you chose this industry?
  • Q5. If you were offered more pay would you go to the competitior?

Interview Preparation Tips

Topics to prepare for Morgan Stanley Fund Accountant interview:
  • Derivatives
  • Bonds
  • Mutual Funds
  • Accounting
Interview preparation tips for other job seekers - Prepare well for technical round and practice more for behavioural questions
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Feb 2023. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. Hedge funds related ,Derivatives

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare concepts apart from process you are doing

I applied via Naukri.com and was interviewed in May 2021. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Journal entries on prepaid expenses, accrued income, mutual funds, etc
  • Q2. Mutual funds, NAV, calculations
  • Q3. Derivatives market. Types, journals etc
  • Q4. Questions from previous work experience

Interview Preparation Tips

Interview preparation tips for other job seekers - There will be 3 rounds of interview. Manager round, AVP round and psychometric test. The hiring process is quite lengthy and it takes months.

Fund Accountant Interview Questions & Answers

Bnp Paribas Securities user image Venkata subramanian Yerraguntla krishnan

posted on 10 Sep 2020

I applied via Naukri.com and was interviewed in Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Financial products
  • Q2. Journal entries
  • Q3. Subscription and redemption aspects
  • Q4. Basic derivatives and it's workings in portfolios

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep the interviewer at the place of investors to have a better connect on the concept for the questions asked.
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Tell me something about yourself
  • Q2. Finance related questions
Interview experience
2
Poor
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Advance Excel, math and accounts

Round 2 - One-on-one 

(1 Question)

  • Q1. Mutual Fund, NAV

BNP Paribas Interview FAQs

How many rounds are there in BNP Paribas Fund Accountant interview?
BNP Paribas interview process usually has 3 rounds. The most common rounds in the BNP Paribas interview process are Aptitude Test, Technical and One-on-one Round.
How to prepare for BNP Paribas Fund Accountant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at BNP Paribas. The most common topics and skills that interviewers at BNP Paribas expect are Fund Accounting, NAV Calculation, NAV, Net Asset Value and Reconciliation.
What are the top questions asked in BNP Paribas Fund Accountant interview?

Some of the top questions asked at the BNP Paribas Fund Accountant interview -

  1. What is financial mar...read more
  2. What is investment bank...read more
  3. What is Net Asset Va...read more

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BNP Paribas Fund Accountant Salary
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₹2.5 L/yr - ₹5.8 L/yr
29% less than the average Fund Accountant Salary in India
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3.9

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4.0

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3.8

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