SS&C TECHNOLOGIES Financial Service Associate Interview Questions, Process, and Tips

NAV stands for Net Asset Value. It is a formula used to calculate the value of a mutual fund's assets minus its liabilities.

• NAV = (Assets - Liabilities) / Number of outstanding shares

• NAV is used to determine the price at which investors can buy or sell shares of a mutual fund

• NAV is calculated at the end of each trading day

Mutual funds are investment vehicles that pool money from multiple investors to purchase securities.

• Investors buy shares in the mutual fund, which represents a portion of the fund's holdings

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors

• Mutual funds offer diversification, liquidity, and convenience to investors

• Types of mutual funds include equity funds, bo

Mutual funds are investment vehicles that pool money from multiple investors to purchase securities.

• Equity funds invest in stocks

• Bond funds invest in fixed income securities

• Money market funds invest in short-term, low-risk securities

• Index funds track a specific market index

• Sector funds invest in a specific industry

• International funds invest in foreign markets

• Balanced funds invest in a mix of stocks and bonds

• Target-date...read more

Investment banking involves helping companies and governments raise capital by underwriting and issuing securities. Capital markets are where these securities are bought and sold.

• Investment banking involves advising clients on mergers and acquisitions, as well as helping them raise capital through the issuance of securities.

• Investment banks act as intermediaries between issuers of securities and investors.

• Capital marke...read more

Golden rules of accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is to debit the receiver and credit the giver.

• The second golden rule is to debit what comes in and credit what goes out.

• The third golden rule is to debit expenses and losses and credit income and gains.

• These rules ensure accuracy and consistency in financial reporting.

• For example, when a company rece...read more

Global accounting mutual funds are diversified investment vehicles that invest in a variety of international securities.

• Global accounting mutual funds provide investors with exposure to a diversified portfolio of international securities.

• They offer the potential for higher returns and lower risk through diversification.

• Investors can choose from a variety of global accounting mutual funds, each with its own investment s...read more

I have experience working with both buyers and sellers to navigate financial transactions.

• I have assisted buyers in obtaining financing for their purchases, including mortgages and personal loans.

• I have worked with sellers to facilitate the transfer of funds and ensure that all necessary paperwork is completed.

• I am familiar with the legal and financial aspects of buying and selling, including taxes, fees, and regulatio...read more