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EXL Service Financial Associate Interview Questions and Answers

Updated 11 Dec 2024

EXL Service Financial Associate Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Dec 2023. There were 6 interview rounds.

Round 1 - Aptitude Test 

It is a good approach that can be understood and applied with minimal accounting knowledge.

Round 2 - Aptitude Test 

(1 Question)

  • Q1. English grammer & other
Round 3 - Typing Test 

(1 Question)

  • Q1. Typing speed test - need to do 30+ words in a minute
Round 4 - HR 

(1 Question)

  • Q1. Basic resume things
Round 5 - Technical 

(1 Question)

  • Q1. Pure accounts
Round 6 - Technical 

(1 Question)

  • Q1. Pure accounts & financial knowledge
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Oct 2022. There were 4 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 

(1 Question)

  • Q1. 1 ) Tell me about yourself 2) Did you know the process. 3) About company 4) Salary discussion
Round 3 - Technical 

(2 Questions)

  • Q1. 1) Process Related Questions 2) Basic Accounting Questions 3) Excel based Question
  • Q2. Accounting Principles, O2C and P2P process difference or basic knowledge
Round 4 - Aptitude Test 

Involves Basic Maths and spoken and written skill test

Financial Associate Interview Questions Asked at Other Companies

asked in Accenture
Q1. Journal entry for cash sales?
asked in Accenture
Q2. Journal entry for provision of bad debts?
asked in Accenture
Q3. What is prudence concept?
asked in Accenture
Q4. Journal entry for bad debts?
asked in Accenture
Q5. Golden rules of Accounting?

Interview questions from similar companies

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

(1 Question)

  • Q1. Simple round but lot of financial statement questions
Round 2 - Technical 

(1 Question)

  • Q1. Mix of technical and interpersonal skills questions were asked.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
-
Result
Not Selected
Round 1 - Technical 

(3 Questions)

  • Q1. Questions about financial statement
  • Q2. Depreciation in cash flow statement
  • Ans. 

    Depreciation in cash flow statement is a non-cash expense that reduces net income but does not impact cash flow.

    • Depreciation is added back to net income in the cash flow statement because it is a non-cash expense.

    • It represents the allocation of the cost of an asset over its useful life.

    • Depreciation is important for assessing the true cash flow generated by a business.

    • It is typically found in the operating activities se

  • Answered by AI
  • Q3. Formulas of excel
  • Ans. 

    Excel formulas are used to perform calculations and manipulate data in Excel spreadsheets.

    • Excel formulas start with an equal sign (=) followed by the function or calculation.

    • Common Excel functions include SUM, AVERAGE, IF, VLOOKUP, and CONCATENATE.

    • Formulas can reference cells, ranges, or other worksheets in the same workbook.

    • Excel formulas can be used to perform mathematical operations, logical comparisons, text manipu

  • Answered by AI
Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Sep 2023.

Round 1 - HR 

(1 Question)

  • Q1. About yourself and about career

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't trust this company blindly!! They said a contractual job but they offered me a freelancing job! Don't trust them blindly go through your job contract before joining
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Explain balance sheet items.
  • Ans. 

    Balance sheet items are financial statement items that represent a company's assets, liabilities, and shareholders' equity at a specific point in time.

    • Balance sheet items are categorized into three main sections: assets, liabilities, and shareholders' equity.

    • Assets include items such as cash, accounts receivable, inventory, and property.

    • Liabilities include items such as accounts payable, loans, and accrued expenses.

    • Sha...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Mar 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Related to finance terms

Round 2 - HR 

(1 Question)

  • Q1. Ready to work in shifts or not

Interview Preparation Tips

Interview preparation tips for other job seekers - be prepare with your resume
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Selected Selected

I applied via IIM Jobs and was interviewed before Oct 2023. There were 3 interview rounds.

Round 1 - Technical 

(3 Questions)

  • Q1. About credit evaluation
  • Q2. About financial ratios like DSCR
  • Q3. Finance knowledge
Round 2 - Technical 

(2 Questions)

  • Q1. Industry knowledge
  • Q2. Methodology preparation
Round 3 - HR 

(1 Question)

  • Q1. Salary discussion

I applied via Campus Placement and was interviewed before Apr 2021. There were 4 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 - Aptitude Test 

Basic test with various questions related to gk, mathematical calculations, logical reasoning etc.

Round 3 - Group Discussion 

Current affairs topic given.

Round 4 - One-on-one 

(3 Questions)

  • Q1. Why do you want to intern with us?
  • Q2. What are your strengths and weaknesses?
  • Q3. Do you have any experience in decision making?

Interview Preparation Tips

Interview preparation tips for other job seekers - A lot of previous knowledge of finance is required. The interview is tough to crack but the interviewers are very kind.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Sep 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. Income statement, Cash flow, and Balance sheet.
Round 3 - One-on-one 

(2 Questions)

  • Q1. Income statement, Balance sheet, and CFS
  • Q2. Income statement, CFS and balance sheet

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare 3 financial statements well.

EXL Service Interview FAQs

How many rounds are there in EXL Service Financial Associate interview?
EXL Service interview process usually has 5 rounds. The most common rounds in the EXL Service interview process are Technical, Aptitude Test and HR.
How to prepare for EXL Service Financial Associate 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 EXL Service. The most common topics and skills that interviewers at EXL Service expect are Accounting, Accounts Handling, Accounts Payable, Accounts Receivable and Accounts Reconciliation.
What are the top questions asked in EXL Service Financial Associate interview?

Some of the top questions asked at the EXL Service Financial Associate interview -

  1. typing speed test - need to do 30+ words in a min...read more
  2. 1) Process Related Questions 2) Basic Accounting Questions 3) Excel based Quest...read more
  3. Accounting Principles, O2C and P2P process difference or basic knowle...read more

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People are getting interviews through

based on 2 EXL Service interviews
Referral
50%
50% candidates got the interview through other sources.
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Moderate Confidence means the data is based on a sufficient number of responses received from the candidates
EXL Service Financial Associate Salary
based on 64 salaries
₹1.2 L/yr - ₹3.9 L/yr
43% less than the average Financial Associate Salary in India
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EXL Service Financial Associate Reviews and Ratings

based on 4 reviews

4.1/5

Rating in categories

3.9

Skill development

2.4

Work-Life balance

3.2

Salary & Benefits

4.2

Job Security

4.2

Company culture

4.7

Promotions/Appraisal

4.1

Work Satisfaction

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