Optum Global Solutions Accounts Receivable Associate Interview Questions and Answers

Q1. Basic accounting skills
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Q1. Basic accounting rules
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Q2. Management studies
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4 rounds of interview. Clearly asked for expectations and reality.

Q1. Why should we consider hiring you?
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Q1. Use v lookup and hlookup
Ans. 
VLOOKUP and HLOOKUP are Excel functions used to search for a value in a table and return a corresponding value.
• VLOOKUP searches for a value in the first column of a table and returns a value in the same row from a specified column.

• HLOOKUP searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Example: =VLOOKUP(A2, Sheet2!A1:B10, 2, FALSE) - searches for the value in...read more
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Q2. Should Excel know how
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Q1. Self introduction
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Q2. About process how we will hndle process
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Q1. What is your experience and current compensation (CTC)?
Ans. 
I have 5 years of experience in process development with a current CTC of $70,000.
• 5 years of experience in process development

• Current CTC of $70,000

• Experience in optimizing processes and improving efficiency
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Q2. What are your communication skills?
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I have strong communication skills, both written and verbal, with the ability to effectively convey information and ideas.
• Excellent verbal communication skills demonstrated through clear and concise articulation of ideas

• Strong written communication skills shown through drafting clear and professional emails and reports

• Ability to actively listen and respond appropriately in conversations

• Experience in presenting informat...read more
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Q1. What is the accounts payable cycle?
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The accounts payable cycle is the process of receiving, verifying, and paying invoices from vendors.
• Invoices are received from vendors for goods or services provided

• Invoices are verified for accuracy and approved for payment

• Payments are made to vendors within the agreed upon terms

• The cycle repeats for each invoice received
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Q2. Miro processing
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Q1. What are the implications of invoice deductions related to disputes?
Ans. 
Invoice deductions related to disputes can impact cash flow, customer relationships, and operational efficiency.
• Invoice deductions can lead to delayed or reduced payments, affecting cash flow.

• Disputes can strain relationships with customers, leading to potential loss of business.

• Resolving disputes can be time-consuming and resource-intensive, impacting operational efficiency.

• Examples: Deductions for damaged goods, inco
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Q2. What is the process of evolving reconciliation?
Ans. 
The process of evolving reconciliation involves identifying discrepancies, investigating root causes, implementing corrective actions, and monitoring progress.
• Identify discrepancies in financial records or accounts

• Investigate root causes of discrepancies, such as errors in data entry or miscommunication

• Implement corrective actions to address the root causes and prevent future discrepancies

• Monitor progress regularly to ...read more
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Q1. Previous work experience related to billing
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Q2. Billing to customers questions
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