Ocwen Financial Solutions Tour Management Manager/Senior Manager Interview Questions and Answers

Q1. Job discussion, quality questions
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Auto lending case study and framework used

Q1. Talk me through your CV
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Q2. Why do you want to work here
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Q1. Accounting Standards
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Q2. International financial reporting
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Q1. How AMEX makes money?
Ans. 
American Express makes money primarily through fees charged to merchants and cardholders, as well as interest on outstanding balances.
• AMEX charges merchants a fee for accepting their cards, known as interchange fees.

• Cardholders pay annual fees, late fees, and interest on balances carried over from month to month.

• AMEX also earns revenue from its travel services, insurance products, and investment services.

• The company ma...read more
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Q2. How AMEX is different from Visa/Master card?
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AMEX offers charge cards while Visa/Mastercard offer credit cards. AMEX has higher fees but better rewards.
• AMEX is a charge card, requiring full payment each month, while Visa/Mastercard offer credit cards with the option to carry a balance.

• AMEX typically has higher annual fees compared to Visa/Mastercard.

• AMEX is known for its premium rewards and benefits, catering to a more affluent customer base.

• Visa/Mastercard are a...read more
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Q1. Strengths or Weakness
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Q1. Mostly aligned with the skill set and expertise shown on my resume. The interviewers were very professional and we'll behaved. They started the discussion with introduction then fundamentals and in depth q...read more
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Q2. How you copied on Prem data to cloud? How you implemented model in your application? How you made your Hadoop clusters secure?
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We used various tools and techniques to copy on-prem data to cloud, implemented the model in our application, and secured our Hadoop clusters.
• We used tools like AWS DataSync and Azure Data Factory to transfer data from on-premises to cloud

• For implementing the model, we used frameworks like TensorFlow and PyTorch

• To secure our Hadoop clusters, we implemented authentication and authorization mechanisms, enabled encryption...read more
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Q1. About yourself and why do you want to leave your current job
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Q1. What is P2P Cycle and when AP work start?
Ans. 
P2P Cycle is Procure to Pay Cycle. AP work starts after the purchase order is received and goods/services are delivered.
• P2P Cycle involves the entire process of procuring goods or services, from identifying the need to paying the supplier.

• The cycle includes steps like requisition, purchase order, goods receipt, invoice receipt, and payment.

• AP work starts after the goods or services are received and the invoice is recei...read more
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Q1. Pay related questions
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Q2. How to ensure quality
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Ensuring quality involves implementing strict quality control measures and continuous monitoring of production processes.
• Implementing quality control measures such as regular inspections and testing

• Training employees on quality standards and procedures

• Utilizing quality management systems to track and analyze production data

• Addressing any issues or defects promptly to prevent reoccurrence
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