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Citco Fund Accountant Interview Questions and Answers
20 Interview questions
NAV (Net Asset Value) represents the total value of a fund's assets minus its liabilities, indicating its per-share value.
Formula: NAV = (Total Assets - Total Liabilities) / Total Outstanding Shares.
Example: If a fund has $10 million in assets and $2 million in liabilities with 1 million shares outstanding, NAV = ($10M - $2M) / 1M = $8.
Importance: NAV is crucial for investors as it determines the price at which sh...
Corporate actions are events initiated by a company that affect its securities, impacting shareholders and investors.
Dividends: Companies may distribute a portion of their earnings to shareholders, either in cash or additional shares.
Stock Splits: A company may split its stock to increase liquidity, making shares more affordable for investors.
Mergers and Acquisitions: When companies merge or one acquires another, ...
Master-feeder structure is a common investment structure where multiple feeder funds pool their assets into a single master fund.
Master fund is the main fund that receives investments from feeder funds.
Feeder funds are separate funds that pool capital from investors and then invest in the master fund.
Allows for economies of scale and efficient management of investments.
Commonly used in hedge funds and private equi...
GAV (Gross Asset Value) is the total value of a fund's assets, while NAV (Net Asset Value) is the value of the fund's assets minus its liabilities.
GAV includes all assets owned by the fund, such as investments, cash, and receivables.
NAV is calculated by subtracting the fund's liabilities, such as expenses and debts, from its total assets.
GAV is used to determine the overall value of the fund, while NAV is used to ...
Trade life cycle refers to the stages a trade goes through from initiation to settlement.
Trade initiation - trade is proposed and agreed upon by parties involved
Trade execution - trade is executed on the market
Trade confirmation - parties confirm details of the trade
Trade settlement - final exchange of cash and securities
Trade reconciliation - ensuring records match between parties
Zero coupon bonds are bonds that are issued at a discount to their face value and do not make periodic interest payments.
Zero coupon bonds are also known as discount bonds.
Investors earn a return by purchasing the bond at a discount and receiving the full face value at maturity.
Since zero coupon bonds do not make interest payments, they tend to have higher interest rate risk.
Examples of zero coupon bonds include U...
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
Derivatives can be used for hedging, speculation, or arbitrage.
Common types of derivatives include options, futures, forwards, and swaps.
Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.
They are often used by financial institutions, corporations, and individu...
Mutual funds are open-end investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities. Hedge funds are private investment partnerships that use various strategies to generate high returns for a select group of investors.
Mutual funds are regulated by the Securities and Exchange Commission (SEC) and are available to the general public.
Hedge funds are typically only ...
Mutual funds are open to all investors, while hedge funds are only open to accredited investors.
Mutual funds are regulated by the SEC, while hedge funds are not.
Mutual funds are more diversified, while hedge funds are more focused on specific strategies.
Mutual funds have lower fees, while hedge funds have higher fees and require larger minimum investments.
Mutual funds are required to disclose their holdings regula...
Fund accounting is a specialized accounting system used by non-profit organizations and government agencies to track and manage funds.
It involves tracking and reporting on the use of funds for specific purposes
It is used by organizations such as charities, universities, and government agencies
It requires strict adherence to accounting standards and regulations
Examples include tracking donations for a specific proj...
Citco Fund Accountant Interview Experiences
28 interviews found
Anonymous
Selected
I applied via LinkedIn and was interviewed in Sep 2024. There were 4 interview rounds.
First round was a 1 hour online exam which had 2 sections. 1 was aptitude round which included questions like 'select the appropriate word that matches the goven word' , graph reading etc. 2nd round was technical - accounting entries , basics of SFM , FR
Video assessment - 8 questions were asked. Accrual , deferred entries, hedge fund definition , fund acconting definition , diff b/w management fee and performance fee. Question will be displayed. 1.5 mins reading time. and after should record the answer within given 2 mins time
(1 Question)
- Q1. A telephonic interview. Basic HR quesitons - about present job , why job change , expected CTC
(1 Question)
- Q1. Online interview - around 40-45 mins. Mostly technical. Intro about yourself , questions from resume , what did you understand about the job description , accrual and deferred entries based on given case s...
Interview Preparation Tips
Selected
I applied via Approached by Company and was interviewed in Oct 2024. There was 1 interview round.
(3 Questions)
- Q1. Deeivatives and its types
- Ans.
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
Types of derivatives include options, futures, forwards, and swaps.
Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before a certain date.
Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.
Forwards are simila...
- Q2. Management fee, performance fee and admin fee
- Q3. Diff btwn gav and nav
- Ans.
GAV (Gross Asset Value) is the total value of a fund's assets, while NAV (Net Asset Value) is the value of the fund's assets minus its liabilities.
GAV includes all assets owned by the fund, such as investments, cash, and receivables.
NAV is calculated by subtracting the fund's liabilities, such as expenses and debts, from its total assets.
GAV is used to determine the overall value of the fund, while NAV is used to calcu...
I applied via Walk-in and was interviewed in Aug 2024. There were 2 interview rounds.
Easy Questions are there but you need to be Quick...!
(2 Questions)
- Q1. What is Equity?Stock Split , Dividends, Right Issue, Bonus Issue
- Ans.
Equity represents ownership in a company and can be affected by stock splits, dividends, right issues, and bonus issues.
Equity represents ownership in a company, giving shareholders a claim on assets and earnings.
Stock splits increase the number of shares outstanding while decreasing the share price proportionally.
Dividends are payments made by a company to its shareholders from its profits.
Right issues allow existing ...
- Q2. Journal entry, Accrual, prepaid PostPaid,
Interview Preparation Tips
- Journal entries
- Corporate Actions
jonnapalli laxman
Selected
I appeared for an interview in Mar 2025, where I was asked the following questions.
- Q1. What is NAV, and how do you calculate it?
- Ans.
NAV (Net Asset Value) represents the total value of a fund's assets minus its liabilities, indicating its per-share value.
Formula: NAV = (Total Assets - Total Liabilities) / Total Outstanding Shares.
Example: If a fund has $10 million in assets and $2 million in liabilities with 1 million shares outstanding, NAV = ($10M - $2M) / 1M = $8.
Importance: NAV is crucial for investors as it determines the price at which shares ...
- Q2. What are corporate actions?
- Ans.
Corporate actions are events initiated by a company that affect its securities, impacting shareholders and investors.
Dividends: Companies may distribute a portion of their earnings to shareholders, either in cash or additional shares.
Stock Splits: A company may split its stock to increase liquidity, making shares more affordable for investors.
Mergers and Acquisitions: When companies merge or one acquires another, it ca...
Interview Preparation Tips
Selected
I applied via Campus Placement and was interviewed in Aug 2024. There was 1 interview round.
(3 Questions)
- Q1. Prepaid Accrual JE situational questions
- Q2. Derivates, call put
- Q3. Tell me about yourself
- Ans.
I am a detail-oriented and analytical individual with a strong background in accounting and finance.
Graduated with a degree in Accounting
Worked as a financial analyst for 3 years
Proficient in financial reporting and analysis
Strong attention to detail and problem-solving skills
Interview Preparation Tips
Manish Bhome
(2 Questions)
- Q1. What is a hedge fund?
- Ans.
A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.
Hedge funds are typically open to a limited number of accredited investors and require a large initial investment.
They use a variety of strategies to generate returns, including long and short positions, leverage, and derivatives.
Hedge funds are known for their flexibility in i...
- Q2. What is the master feeder structure?
- Ans.
Master-feeder structure is a common investment structure where multiple feeder funds pool their assets into a single master fund.
Master fund is the main fund that receives investments from feeder funds.
Feeder funds are separate funds that pool capital from investors and then invest in the master fund.
Allows for economies of scale and efficient management of investments.
Commonly used in hedge funds and private equity fu...
Selected
I applied via Recruitment Consulltant and was interviewed before Oct 2023. There were 3 interview rounds.
Basic CET level aptitude questions
(2 Questions)
- Q1. Basic Accouting rule
- Q2. Journal entries
(2 Questions)
- Q1. What is zero coupon bonds
- Ans.
Zero coupon bonds are bonds that are issued at a discount to their face value and do not make periodic interest payments.
Zero coupon bonds are also known as discount bonds.
Investors earn a return by purchasing the bond at a discount and receiving the full face value at maturity.
Since zero coupon bonds do not make interest payments, they tend to have higher interest rate risk.
Examples of zero coupon bonds include U.S. T...
- Q2. What is Trade life cycle
- Ans.
Trade life cycle refers to the stages a trade goes through from initiation to settlement.
Trade initiation - trade is proposed and agreed upon by parties involved
Trade execution - trade is executed on the market
Trade confirmation - parties confirm details of the trade
Trade settlement - final exchange of cash and securities
Trade reconciliation - ensuring records match between parties
Selected
I applied via Referral and was interviewed in Aug 2023. There were 3 interview rounds.
Basic and easy and accounting knowledge
(2 Questions)
- Q1. Basic accounting questions
- Q2. Easy journal and accrual entries
Interview Preparation Tips
- Accounting
- Private Equity
- Fund Accounting
(1 Question)
- Q1. What is derivatives
- Ans.
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
Derivatives can be used for hedging, speculation, or arbitrage.
Common types of derivatives include options, futures, forwards, and swaps.
Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.
They are often used by financial institutions, corporations, and individual in...
I applied via Campus Placement
MCQ based questions
(1 Question)
- Q1. Domain part question
Interview Preparation Tips
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Citco Interview FAQs
The duration of Citco Fund Accountant interview process can vary, but typically it takes about less than 2 weeks to complete.
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