Gallagher Senior Process Specialist Interview Questions and Answers

Q1. Related to Job experience
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Q2. Questions related to AML
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Q1. Explain Aml process and it’s importance
Ans. 
AML process refers to Anti-Money Laundering process which is crucial for detecting and preventing financial crimes.
• AML process involves monitoring financial transactions to identify suspicious activities

• It includes customer due diligence to verify the identity of clients and assess their risk level

• AML regulations require financial institutions to report any suspicious transactions to authorities

• Importance of AML proces...read more
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Q2. What are regulators how they worked
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Regulators are entities responsible for monitoring and enforcing rules and regulations in a particular industry or sector.
• Regulators ensure compliance with laws and regulations to protect consumers and maintain fair competition.

• They have the authority to investigate and penalize companies that violate regulations.

• Examples of regulators include the Securities and Exchange Commission (SEC) in the financial industry and t...read more
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Q1. What’s your expectations
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I expect a challenging role with opportunities for growth and development.
• Opportunities for career advancement

• Challenging projects to work on

• Supportive team environment

• Clear expectations and goals set by management
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Q2. Reason for leaving your current organisation
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Seeking new challenges and growth opportunities
• Desire for career advancement

• Looking for a more challenging role

• Seeking new learning opportunities

• Company restructuring or downsizing

• Relocation to a new city
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Q1. Tell me about yourself
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I am a detail-oriented individual with strong analytical skills and a passion for process improvement.
• I have a Bachelor's degree in Business Administration

• I have experience working in data analysis and process improvement roles

• I am proficient in using Microsoft Excel and other data analysis tools
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Q2. Previous experience
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Group discussion of indian life insurance details

Case study how to handle customer's and my teams staff's

Asked some excel questions

It is easy basic questions related to Accounts, Excel and insurance.

Q1. What is insurance?
Ans. 
Insurance is a contract between an individual and an insurance company where the individual pays premiums in exchange for financial protection against potential losses.
• Insurance is a form of risk management to protect against financial loss.

• Types of insurance include health, life, auto, home, and travel insurance.

• Premiums are paid by the insured to the insurance company in exchange for coverage.

• Insurance policies outli...read more
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Q2. What is type of insurance?
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Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.
• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• Types of insurance include life insurance, health insurance, auto insurance, home insurance, and more.

• Insurance helps individuals and businesses manage risk by transferring it to the insurance company.

• Premiums...read more
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Q3. What is Vlook up?
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VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value from another column.
• VLOOKUP stands for 'Vertical Lookup'

• It is commonly used in Excel to search for a value in the leftmost column of a table and return a value in the same row from a specified column

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searc...read more
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Q1. Tell me about yourself
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Q2. Basic HR questions
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Numerical, Reasoning

Q1. Situational questions were asked and confidence was checked
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Q2. What if you don’t want to see movie of hero that you don’t like
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Q1. Family background question
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Q1. Salary and experience
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Q2. Prepayment, Accruals
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Q1. Vat reconciliation
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Q1. Year end account, Reconciliation
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