Citco Senior Fund Accountant Interview Questions, Process, and Tips

Q1. Journal entries
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Q2. Different types of fees
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Different types of fees include management fees, performance fees, and incentive fees.
• Management fees are charged by the fund manager for managing the fund's investments.

• Performance fees are based on the fund's performance relative to a benchmark.

• Incentive fees are typically a percentage of the fund's profits.

• Other types of fees may include administration fees, custody fees, and distribution fees.
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Q3. Diff between GAV and NAV
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GAV is the total value of a fund's assets, while NAV is the per-share value of the fund.
• GAV stands for Gross Asset Value, representing the total value of all assets in a fund.

• NAV stands for Net Asset Value, representing the per-share value of the fund after deducting liabilities.

• GAV is calculated by adding up the value of all assets in the fund, including cash, investments, and other holdings.

• NAV is calculated by subtr...read more
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Test related to iq and grammar

Q1. Tell me something about yourself
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Q2. Reason for change from current job
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About derivatives and ratios and logical questions were asked in aptitude

Q1. What is CFD, Accrual Journal entries, Journal entry for purchase of stock and it's impact on balance sheet
Ans. 
CFD is a financial derivative, accrual journal entries record expenses/revenues, journal entry for stock purchase affects balance sheet.
• CFD stands for Contract for Difference, a financial derivative that allows investors to speculate on the price movements of an underlying asset without owning it.

• Accrual journal entries are used to record expenses or revenues that have been incurred but not yet paid or received.

• A journ...read more
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Q1. Prepaid and accrual journal entries
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Q2. Derivatives related questions
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Q1. Journal entries
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Q2. Fees calculation
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Q3. Be prepared with capital market
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Online aptitude plus technical knowledge test. Consisting 5 sections. Online test is bit hard and needs proper skills to qualify.

Q1. What are hedge funds.
Ans. 
Hedge funds are investment funds that pool capital from accredited individuals or institutional investors and use various strategies to generate high returns.
• Hedge funds are typically only available to accredited investors due to their complex and risky nature.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can employ a variety of strategies such as long/short equity, global macro, event-driven, ...read more
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Q2. What are options, futures, forwards, swaps etc.
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Options, futures, forwards, swaps are types of financial derivatives used for hedging or speculation in the financial markets.
• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.

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

• Forwards are similar to futures but are customized contracts traded over-t...read more
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Q3. May ask some journal entries like accrued expense, amortization, prepaid etc.
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