Genpact
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I applied via Approached by Company and was interviewed in Jun 2024. There were 2 interview rounds.
Reconciliation is the process of comparing two sets of records to ensure they are in agreement and resolving any discrepancies.
Reconciliation involves comparing financial records, transactions, or statements to identify any discrepancies.
It is important in ensuring accuracy and integrity of financial data.
Reconciliation can be done for bank statements, credit card statements, inventory records, etc.
The process may invo...
Reconciliation is important to ensure accuracy and consistency in financial records.
Helps identify errors or discrepancies in financial transactions
Ensures accuracy and consistency in financial statements
Prevents fraud or unauthorized transactions
Facilitates decision-making based on reliable financial data
Accrual basis of accounting recognizes revenue when earned and expenses when incurred, regardless of when cash is exchanged.
Revenue is recorded when it is earned, not necessarily when cash is received
Expenses are recorded when they are incurred, not necessarily when cash is paid
This method provides a more accurate representation of a company's financial position and performance
Example: A company records revenue when it...
Prepaid expenses are treated as assets on the balance sheet until they are used up or expire.
Prepaid expenses are initially recorded as assets on the balance sheet
They are gradually expensed over time as they are used up or expire
Adjustments may be needed at the end of each accounting period to reflect the portion of prepaid expenses that have been used
One example of unearned revenue in daily life is a gym membership.
Paying for a gym membership at the beginning of the month but not using it until later
Subscribing to a streaming service but not watching any content during the subscription period
Purchasing a gift card for a store but not using it immediately
I applied via Walk-in and was interviewed in May 2024. There were 2 interview rounds.
OTC stands for Over-The-Counter, where trading of financial instruments occurs directly between parties without the supervision of an exchange.
OTC markets are decentralized and do not have a physical location like traditional exchanges.
Participants in OTC markets can negotiate prices directly with each other, leading to more flexibility in terms of trade terms.
Examples of OTC instruments include stocks, bonds, derivati...
What people are saying about Genpact
I am a highly motivated individual with a background in process development and a strong track record of improving efficiency and productivity.
Bachelor's degree in Industrial Engineering from XYZ University
2 years of experience in process development at ABC Company
Implemented a new workflow system that reduced processing time by 20%
Proficient in Lean Six Sigma methodologies
I am responsible for analyzing and improving business processes to increase efficiency and productivity.
Analyze current processes to identify areas for improvement
Develop and implement new processes and procedures
Collaborate with different departments to streamline workflows
Monitor and evaluate process performance to ensure effectiveness
Train employees on new processes and provide ongoing support
Genpact interview questions for designations
Get interview-ready with Top Genpact Interview Questions
I applied via Referral and was interviewed in May 2024. There was 1 interview round.
I appeared for an interview in Jan 2025.
I applied via Referral and was interviewed in Feb 2024. There were 3 interview rounds.
I am a detail-oriented individual with a strong background in process development and optimization.
I have a Bachelor's degree in Business Administration with a focus on operations management.
I have experience working in cross-functional teams to streamline processes and improve efficiency.
I am proficient in using process mapping tools such as Visio and Lean Six Sigma methodologies.
I have successfully implemented cost-s...
I am available to join immediately.
I can start as soon as possible.
I am ready to join within a week.
My current notice period is one month.
I can discuss the joining date during the interview.
I started my career as a Fraud Analyst at XYZ Company, where I gained experience in detecting and preventing fraudulent activities.
Started as a Fraud Analyst at XYZ Company
Developed skills in detecting and preventing fraudulent activities
Analyzed suspicious transactions and patterns
Collaborated with law enforcement agencies for investigations
I can improve as a Fraud Analyst by enhancing my data analysis skills, staying updated on fraud trends, and collaborating with other departments.
Enhance data analysis skills through additional training or courses
Stay updated on fraud trends and techniques through continuous learning and research
Collaborate with other departments such as IT and finance to improve fraud detection and prevention
Implement new technologies ...
The life cycle of Chargeback in dispute management involves several stages from initiation to resolution.
Initiation of chargeback by the cardholder or issuer
Investigation by the merchant to gather evidence
Submission of evidence to the acquiring bank
Review by the issuing bank
Resolution through arbitration or negotiation
Code 14.1 in Visa cards refers to a decline in authorization due to insufficient funds.
Code 14.1 indicates that the transaction was declined because the cardholder does not have enough funds available.
It is a common reason for declined Visa card transactions.
Cardholders can contact their bank or check their account balance to resolve the issue.
Examples: 'Transaction declined - Code 14.1', 'Insufficient funds - Code 14.
I applied via Referral and was interviewed in Mar 2024. There were 2 interview rounds.
My expected CTC is negotiable based on the job responsibilities and market standards.
I am looking for a competitive salary package that aligns with my skills and experience.
I am open to discussing the compensation package during the interview process.
I am seeking a salary range of $50,000 to $60,000 per annum.
I am also interested in benefits such as health insurance, retirement plans, and performance bonuses.
O2C process involves all steps from order placement to cash collection.
Order placement by customer
Order processing by company
Invoicing and billing
Payment collection
Cash application
Unallocated cash refers to funds that have not been assigned to a specific account or purpose, while unapplied cash is money received but not yet matched to a specific invoice or transaction.
Unallocated cash is funds that have not been assigned to a specific account or purpose.
Unapplied cash is money received but not yet matched to a specific invoice or transaction.
Unallocated cash can result from overpayments, unident...
Accumulated Depreciation is the total amount of depreciation expense that has been recorded for an asset since it was acquired.
Accumulated Depreciation is a contra-asset account, meaning it is subtracted from the asset's original cost to determine its net book value.
It represents the total depreciation expense recognized over the useful life of an asset.
Accumulated Depreciation increases over time as depreciation expen...
In the balance sheet, assets are accounted for on the left side and liabilities and equity on the right side.
Assets are listed on the left side of the balance sheet and include items like cash, inventory, and property.
Liabilities and equity are listed on the right side of the balance sheet and include items like loans, accounts payable, and retained earnings.
The balance sheet equation is Assets = Liabilities + Equity, ...
The duration of Genpact Process Developer interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 309 interviews
5 Interview rounds
based on 6.1k reviews
Rating in categories
Process Developer
36.6k
salaries
| ₹1 L/yr - ₹6.8 L/yr |
Process Associate
28.1k
salaries
| ₹0.9 L/yr - ₹6.5 L/yr |
Assistant Manager
20.4k
salaries
| ₹4 L/yr - ₹14.6 L/yr |
Management Trainee
19.8k
salaries
| ₹1.6 L/yr - ₹11 L/yr |
Manager
7.5k
salaries
| ₹7 L/yr - ₹24 L/yr |
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