JPMorgan Chase & Co. Credit Specialist Interview Questions and Answers

Quants logical, verbal ability, situation

Q1. Tell me something about yourself
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I am a detail-oriented credit analyst with a strong background in financial analysis and risk assessment.
• I have a Bachelor's degree in Finance and have completed courses in credit analysis.

• I have experience analyzing financial statements, assessing creditworthiness, and making recommendations for loan approvals.

• I am proficient in using financial modeling software and Excel to analyze data and create reports.

• I have exce...read more
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Q2. Finance related balance sheet cash flow
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Q1. About past experience and education
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Q1. Formula regarding valuation DCF calculation formula Ratios formula and interpretation
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Valuation formulas in credit analysis
• DCF calculation formula is used to estimate the value of an investment based on its future cash flows discounted back to present value

• Ratios formula includes Debt-to-Equity ratio, Current ratio, and Interest Coverage ratio to assess a company's financial health

• Interpretation of ratios involves comparing them to industry benchmarks and historical data
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Q1. They just asked me the introduction and my previous package
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Basic comprehensive english, reasoning etc

Q1. Introduce yourself
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Q2. Why american express
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Q3. Why do you want to switch
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Q4. Have you ever has a conflict with any of your coworker?
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Q5. What are the things you’d want your current manager to improve
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Q1. About personal details experience
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Q2. About personal Experience
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Q1. About experience & myself
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Q2. Write a letter of customer query
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Sample letter of customer query
• Address the recipient properly

• Clearly state the purpose of the query

• Provide relevant details and information

• Request for a prompt response

• Express gratitude for their time and assistance
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Q1. What is DSCR? How is it important?
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DSCR stands for Debt Service Coverage Ratio. It is a financial metric used to evaluate a company's ability to pay its debt obligations.
• DSCR is calculated by dividing a company's operating income by its total debt service obligations.

• A DSCR of 1 or higher indicates that a company is generating enough income to cover its debt payments.

• Lenders often use DSCR to assess the creditworthiness of a borrower before extending a ...read more
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Q2. What ratios are important and why?
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Important ratios for credit analysis include debt-to-equity, current ratio, and interest coverage ratio.
• Debt-to-equity ratio: Indicates the proportion of debt used to finance a company's assets. A lower ratio is generally preferred.

• Current ratio: Measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio above 1 is ideal.

• Interest coverage ratio: Shows a company's ability to pay...read more
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Q1. Tell me something about yourself?
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Q2. What did you do in your last organisation?
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Q1. Different financial terms such as RTGS, CIBIL, ECS, NACH, FOIR and etc
Ans. 
These are various financial terms used in banking and credit management.
• RTGS (Real Time Gross Settlement) is a system used for fund transfers between banks in real-time.

• CIBIL (Credit Information Bureau India Limited) is a credit information company that maintains credit records of individuals and companies.

• ECS (Electronic Clearing Service) is a system used for electronic fund transfers between banks.

• NACH (National Auto...read more
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Q2. Are you satisfied with given work location or not
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Q1. Ratios to identify a healthy company
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Healthy companies have high liquidity, profitability, and solvency ratios.
• Liquidity ratios measure a company's ability to meet short-term obligations. Examples include current ratio and quick ratio.

• Profitability ratios measure a company's ability to generate profits. Examples include return on assets and return on equity.

• Solvency ratios measure a company's ability to meet long-term obligations. Examples include debt-to...read more
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Q2. Is better to take loan or raise equity for a manufacturing company
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It depends on the company's financial situation and goals.
• If the company has a strong credit history and cash flow, a loan may be a better option as it allows the company to maintain ownership and control.

• If the company is in a growth phase and needs more capital, raising equity may be a better option as it brings in new investors and can provide more flexibility in terms of repayment.

• Ultimately, the decision should be...read more
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