Citco Interview Questions, Process, and Tips

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

Q1. A telephonic interview. Basic HR quesitons - about present job , why job change , expected CTC
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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...read more
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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...read more
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Q2. Management fee, performance fee and admin fee
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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...read more
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Easy Questions are there but you need to be Quick...!

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 ...read more
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Q2. Journal entry, Accrual, prepaid PostPaid,
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Q1. Prepaid Accrual JE situational questions
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Q2. Derivates, call put
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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
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Q1. What is reconciliation
Ans. 
Reconciliation is the act of restoring harmony or agreement between parties who were previously in conflict or disagreement.
• Reconciliation involves acknowledging past wrongs or misunderstandings

• It requires open communication and a willingness to forgive

• Reconciliation often involves compromise and finding common ground

• Examples include reconciling with a friend after an argument or reconciling financial records to ensure
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Q2. What options why it is used
Ans. 
Options are used to provide choices or alternatives in decision-making processes.
• Options help in making informed decisions by considering different possibilities

• They allow for flexibility and adaptability in changing circumstances

• Options can be used in negotiations to reach a mutually beneficial agreement
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Online test. If passed you'll get managerial interview call

Q1. Basic question, Hegde fund, types
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Q2. Fund accounting,
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Q1. Hedge fund structure
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Q2. Journal entries for accrual
Ans. 
Accrual journal entries are used to recognize revenue or expenses that have been incurred but not yet recorded in the financial statements.
• Accrual journal entries involve debiting an expense account and crediting a liability account for expenses incurred but not yet paid

• Accrual journal entries involve debiting a revenue account and crediting an accounts receivable account for revenue earned but not yet received

• Accrual ...read more
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