Save Financial Services Credit Manager Interview Questions and Answers

Q1. Basic question related to resume
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Q1. Interviewed by RCM
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Q2. Questions were majorly related to financial, products and mortgage
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Q1. Interviewed by ZCM
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Q2. Questions were related to Mortgages, Legal, Margin, LTV processing and team handling
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Q1. Last round from senior HR, it was personality or behavioural test or kind of psychological. But was very interesting
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An online assesment will be taken wherein scenario based MCQ will be available

Q1. Brief introduction
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Q2. Reasons for switching
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Seeking new challenges and growth opportunities in a different company.
• Desire for career advancement

• Interest in exploring new industries or sectors

• Seeking better work-life balance

• Company restructuring or downsizing

• Relocation to a different city or country
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Q3. Current and expected ctc
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Q4. Preferred job location
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Q1. Questions related to your domain experience
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Q2. Application know how
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Q3. Improvement Ideas and projects shared in the previous organisations
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Q4. Why do you want to switch
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Q1. Reason for switching
Ans. 
Seeking new challenges and growth opportunities in a larger organization.
• Desire for career advancement

• Opportunity to work with a larger team

• Seeking new challenges

• Interest in exploring different industries
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Q2. Appreciations recieved if any
Ans. 
Received multiple appreciations from clients for resolving credit issues promptly and effectively.
• Implemented new credit evaluation process resulting in faster approvals

• Negotiated payment plans with delinquent customers to prevent further credit issues

• Provided training to team members on credit management best practices

• Received 'Employee of the Month' award for exceptional performance in credit management
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Q3. Scenario based questions focussed on how you would act in a certain situation
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Q1. Scenario based
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Q2. How to manage sales pressure and Team management
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Sales pressure can be managed by setting realistic targets, providing support to the team, and fostering a positive work environment.
• Set realistic sales targets based on market trends and team capabilities

• Provide regular training and support to help the team meet their targets

• Create a positive work environment by recognizing and rewarding achievements

• Encourage open communication and feedback to address any issues or co...read more
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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. About underwriting norms and financial ratio related questions, legal technical related questions
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Q1. Basics norms of work profile & why change the job change...?
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Case study preparation on any listed company of your choice

Q1. Questions on case study
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Q2. Ratios and their importance
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Ratios are key financial metrics used to evaluate a company's performance and financial health.
• Ratios help in analyzing the efficiency, profitability, and liquidity of a company.

• Common ratios include debt-to-equity ratio, current ratio, and return on equity.

• They provide insights into how well a company is utilizing its resources and managing its finances.

• Ratios are compared to industry benchmarks or historical data to ...read more
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Q1. Negotiation on salary
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Q1. All about Credit Analysis and financial.
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Q1. About team management and work profile.
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Q1. HR round and some questions about credit analysis and financial knowledge.
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