Credence Resource Management Team Lead Interview Questions and Answers

Q1. About Previous Experience
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Logical Reasoning, Personality Test

Q1. Previous experience and expertise with matching with current process
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Q1. Fluency in Communication and understanding for the compliance
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Q1. Introduction and Kra
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Will test your skills the operations managers

Q1. Salary discussed, Expected and Actual
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Q1. Experience in US debt collections
Ans. 
I have 5 years of experience in US debt collections, including managing a team of collectors and implementing strategies to improve collection rates.
• Managed a team of collectors to ensure timely and effective debt collection

• Implemented strategies to improve collection rates, such as offering payment plans or negotiating settlements

• Utilized software systems to track and manage debt collection activities

• Worked closely wi...read more
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Q2. WiFi bandwidth for work from home
Ans. 
WiFi bandwidth is crucial for work from home to ensure smooth communication and productivity.
• Ensure a stable and high-speed internet connection to avoid disruptions during video calls or file transfers.

• Consider upgrading your internet plan if necessary to meet the demands of remote work.

• Use a wired connection for tasks that require high bandwidth, such as video editing or large file downloads.

• Limit the number of device...read more
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Q3. Power backup for work from home
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Power backup for work from home is essential to ensure uninterrupted work during power outages.
• Invest in a reliable UPS (Uninterruptible Power Supply) to keep your devices running during power cuts.

• Consider purchasing a portable generator for longer power outages.

• Have backup power banks for your mobile devices to stay connected.

• Make sure to regularly test your power backup systems to ensure they are functioning properl...read more
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Q1. Started with face to face interview
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Q2. About first company roles and responsibilities
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Q1. Tell Me About yourself, your resposiblies
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Q1. Though it will be virtual one on one with senior manager, about previous experience, more numbers oriented
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Q1. What is Trade life cycle
Ans. 
Trade life cycle refers to the stages involved in the execution and settlement of a trade.
• Trade initiation: The trade is initiated by a buyer and a seller agreeing on the terms of the transaction.

• Order placement: The buyer or seller places an order with a broker or exchange.

• Order matching: The broker or exchange matches the buy and sell orders.

• Trade execution: The trade is executed at the agreed price and quantity.

• Trad...read more
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Q2. What is Accrual fees
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Accrual fees are expenses that are gradually incurred over time and recorded as liabilities until they are paid.
• Accrual fees are costs that are recognized and recorded in financial statements before they are actually paid.

• These fees are typically associated with services or benefits received over a period of time.

• They are recorded as liabilities on the balance sheet until they are settled.

• Examples of accrual fees inclu...read more
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Q3. Your strength and weakness?
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Q4. Salary discussion
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Q1. Normal HR question
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Q1. Operation Question - KPI
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Q2. Work mode, concurrency, shrinkage
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Q1. Tell me about your self?
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Q2. What is Trade Life cycle
Ans. 
Trade life cycle refers to the stages involved in the execution and processing of a trade.
• Trade initiation: The trade is initiated by a buyer and a seller.

• Trade execution: The trade is executed at an agreed price and quantity.

• Trade confirmation: Both parties confirm the details of the trade.

• Trade settlement: The financial and legal obligations of the trade are settled.

• Trade clearing: The trade is cleared through a clea...read more
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Q3. What is mutual fund
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A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.
• Mutual funds are managed by professional fund managers.

• Investors buy shares in the mutual fund, which represent their ownership in the fund's assets.

• Mutual funds offer diversification, as they invest in a variety of stocks, bonds, or other securities.

• They provide an opportunity for small in...read more
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Q4. What is accrual fees
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Accrual fees are charges that accumulate over time and are recorded as liabilities until they are paid.
• Accrual fees are expenses that have been incurred but not yet paid.

• They are recorded as liabilities on the balance sheet until they are settled.

• Accrual fees are common in industries such as finance, legal, and consulting.

• Examples of accrual fees include accrued interest, accrued legal fees, and accrued consulting fees
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