Genpact Senior Process Associate Interview Questions, Process, and Tips

Q1. What does Genpact?
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Genpact is a global professional services firm that provides business process outsourcing and digital transformation services.
• Global professional services firm

• Specializes in business process outsourcing

• Offers digital transformation services

• Headquartered in New York, USA

• Operates in various industries such as banking, healthcare, and manufacturing
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Q2. How you can contribute for company's success?
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Q1. What is accounting and golden rules of accounting?
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions of a business.

• Golden rules of accounting include: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• Accounting helps in summarizing and analyzing financial data to make inf...read more
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Q2. Types of financial statements?
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Financial statements include income statement, balance sheet, cash flow statement, and statement of changes in equity.
• Income statement shows company's revenues and expenses over a period of time.

• Balance sheet shows company's assets, liabilities, and shareholders' equity at a specific point in time.

• Cash flow statement shows how cash and cash equivalents have moved in and out of the company.

• Statement of changes in equity...read more
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Test was easy you have to pass aptitude exams

Q1. The interview process was smooth and simple, with HR being very supportive. I faced some DSA coding questions and a few related to DBMS and OOPs. I'm excited to be part of Genpact.
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Q1. Tell me about yourself.
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Q2. Roles and responsibilities of your previous organization if you are experienced.
Ans. 
In my previous organization, I was responsible for managing end-to-end process operations, ensuring quality and efficiency.
• Managed process operations from start to finish

• Ensured quality standards were met

• Optimized processes for efficiency

• Trained and supervised team members

• Collaborated with other departments for seamless workflow
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Q1. What is Invoice?
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An invoice is a document that lists the products or services provided by a seller to a buyer, along with the cost and payment terms.
• An invoice serves as a request for payment from the buyer to the seller.

• It typically includes details such as the quantity, description, price, and total amount due for the products or services.

• Invoices are used in business transactions to keep track of sales and payments.

• They may also inc...read more
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Q2. What is Purchase Order?
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A Purchase Order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
• A Purchase Order is a legally binding document

• It specifies the details of the products or services being purchased

• It includes quantities, prices, delivery dates, and terms of payment

• It serves as a record of the transaction between the buyer and seller

• Examples: PO#1234 for 100 units of P...read more
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Q3. Why are you leaving your current organisation?
Ans. I've been looking for an opportunity to grow and develop my skills, and I'm excited to explore new opportunities.
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Q1. What is accounts payable?
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable represents a company's short-term debt obligations to its suppliers or vendors.

• It is recorded as a liability on the company's balance sheet.

• Accounts payable is typically paid within a specified period, often 30, 60, or 90 days.

• Examples of accounts payable include invoices from su...read more
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Q2. It's an account on your company's general ledger that represents on obligation to pay off a debt to creditor or supplier.
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Q3. How many types account and Golden rule of accounts:
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There are two types of accounts - Personal and Impersonal. The Golden Rule of Accounts states that Debit what comes in, Credit what goes out.
• Types of accounts: Personal (e.g. Capital, Drawings) and Impersonal (e.g. Cash, Furniture)

• Golden Rule of Accounts: Debit the receiver, Credit the giver (e.g. Debiting Cash when it comes into the business, Crediting Sales when goods are sold)
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Q4. How was your experience in the last job?
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Q5. It was a great experience in my last job where I have learnt lot of about account payable process like: Invoice processing - Where I post all PO and Non- Po based invoices. Apart from that, I have worked ...read more
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