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IIFL SAMASTA Credit Manager Interview Questions and Answers for Experienced
IIFL SAMASTA Credit Manager Interview Experiences for Experienced
4 interviews found
Anonymous
Selected
I applied via LinkedIn and was interviewed in Apr 2023. There were 3 interview rounds.
(1 Question)
- Q1. What you know about iifl Samasta
- Ans.
IIFL Samasta is a digital platform that provides financial services to small businesses and individuals.
IIFL Samasta offers loans, insurance, and investment products.
It uses technology to provide quick and hassle-free services.
It has a wide network of partners and agents to reach out to customers in remote areas.
It aims to empower small businesses and individuals by providing them with access to financial services.
It h...
(1 Question)
- Q1. What is your current organisation
- Ans.
I am currently working at XYZ Corporation.
XYZ Corporation is a multinational company with operations in various industries.
As a Credit Manager, my role involves managing the creditworthiness of clients and ensuring timely payments.
I work closely with the sales team to evaluate potential clients and set credit limits.
I also monitor accounts receivable and work with clients to resolve any payment issues.
Overall, my goal ...
I applied via Referral and was interviewed in Dec 2021. There were 2 interview rounds.
(3 Questions)
- Q1. Reason for leaving last job ?
- Ans. I want progress in my profession and timing issue
- Q2. How much salary do you expect ?
- Q3. 20 to 30% increments to last salary.
Interview Preparation Tips
- MS Office
Interview Questionnaire
2 Questions
- Q1. How many years experience in credi field
- Ans.
I have 8 years of experience in the credit field.
I have worked in the credit field for 8 years.
During my career, I have gained extensive experience in credit management.
I have successfully managed credit portfolios for various companies.
I am well-versed in credit analysis, risk assessment, and collections.
I have a proven track record of reducing bad debt and improving cash flow.
I am familiar with credit policies, proce...
- Q2. 4 years in this field
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. How to underwriting case to case, and how to the read cibil, and high marked, Experian Equifax Reports, and credit process, and type of business margin, then asked pd process, and credit appraisal process,...
- Ans.
Underwriting process involves analyzing credit reports, business margins, and calculating creditworthiness.
Underwriting involves analyzing credit reports from CIBIL, Experian, and Equifax
Assessing the type of business and its margins is important in determining creditworthiness
Credit appraisal process involves evaluating the borrower's financial history and ability to repay
Calculations such as CFA are used to determine...
IIFL SAMASTA interview questions for designations
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I applied via Recruitment Consultant and was interviewed in Jun 2021. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Previous experience detailed explanation and nature of current work
Interview Preparation Tips
Selected
I applied via Company Website and was interviewed before Dec 2021. There were 2 interview rounds.
(2 Questions)
- Q1. Market risk vs Business Risk
- Ans.
Market risk is the risk of financial loss due to changes in market conditions, while business risk is the risk of financial loss due to factors specific to a company's operations.
Market risk is external and beyond the control of the company, while business risk is internal and can be managed by the company.
Market risk includes factors such as interest rates, inflation, and currency fluctuations, while business risk inc...
- Q2. What is cibil and how it help to judge the case
- Ans.
CIBIL is a credit information company that maintains credit records of individuals and businesses to help lenders assess creditworthiness.
CIBIL stands for Credit Information Bureau (India) Limited
It collects and maintains credit information of individuals and businesses
Lenders use CIBIL reports to assess the creditworthiness of borrowers
CIBIL score ranges from 300 to 900, with higher scores indicating better creditwort...
Interview Preparation Tips
I applied via Company Website and was interviewed before Dec 2020. There was 1 interview round.
Interview Questionnaire
3 Questions
- Q1. What is finance Company
- Ans.
A finance company is a financial institution that provides loans, investments, and other financial services to individuals and businesses.
Finance companies specialize in providing loans and credit to customers who may not qualify for traditional bank loans.
They may also offer leasing and financing options for businesses to acquire equipment and vehicles.
Examples of finance companies include American Express, Capital On...
- Q2. What is your work in this company
- Q3. To whom will you give loan on what terms?
- Ans.
I will give loans to individuals and businesses with good credit history and stable income on reasonable terms.
I will consider credit score and payment history of the borrower
I will also look at the borrower's income and employment stability
For businesses, I will consider their financial statements and business plan
I will offer reasonable interest rates and repayment terms based on the borrower's creditworthiness
I will...
Interview Preparation Tips
I applied via Walk-in and was interviewed before Apr 2021. There were 2 interview rounds.
After Joining confirmation
(1 Question)
- Q1. Normal credit norms and policy
- Ans.
Normal credit norms and policy refer to the standard guidelines followed by a company while extending credit to its customers.
Credit limit is set based on the customer's creditworthiness
Payment terms are agreed upon between the company and the customer
Late payment fees and interest rates are charged for delayed payments
Credit checks are conducted before extending credit to new customers
Credit policies are reviewed peri...
Interview Preparation Tips
I applied via Naukri.com and was interviewed before Apr 2021. There were 2 interview rounds.
(1 Question)
- Q1. Tell me about yourself.
Interview Preparation Tips
I applied via Referral and was interviewed before Feb 2021. There were 3 interview rounds.
(2 Questions)
- Q1. Basic policy test of underwriting and brief introduction of self at starting
- Q2. Market Knowledge, altitude test, case study based discussion, financial formulae check.
(3 Questions)
- Q1. What are your salary expectations?
- Q2. What is your family background?
- Q3. Share details of your previous job.
Interview Preparation Tips
No problem if reporting Manager finaalizes you.
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IIFL SAMASTA Credit Manager Interview Process for Experienced
based on 1 interview
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IIFL SAMASTA Credit Manager Reviews and Ratings
based on 30 reviews
Rating in categories
|
Branch Credit Manager
305
salaries
|  ₹1.5 L/yr - ₹4.5 L/yr |
|
Branch Manager
184
salaries
| ₹2 L/yr - ₹7 L/yr |
|
Assistant Manager
173
salaries
| ₹2.5 L/yr - ₹7 L/yr |
|
Credit Manager
121
salaries
| ₹0.9 L/yr - ₹6.8 L/yr |
|
Relationship Manager
103
salaries
| ₹2 L/yr - ₹4.5 L/yr |
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