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SS&C TECHNOLOGIES Senior Associate Interview Questions and Answers for Experienced
9 Interview questions
Derivatives are financial instruments whose value is derived from an underlying asset. Examples include forward contracts, futures contracts, options, and the Black-Scholes model.
Derivatives are financial instruments that derive their value from an underlying asset, such as stocks, bonds, commodities, or currencies.
An example of a derivative is a forward contract, which is an agreement between two parties to buy o...
Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.
Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.
Investors buy shares of the mutual fund, which represent a portion of the holdings of the fund.
People invest in mutual funds to diversify their investmen...
Golden rules of accounting are basic principles to be followed while recording financial transactions. Accrual journal entries record revenue or expenses when they are earned or incurred, regardless of when payment is received or made.
The three golden rules of accounting are: debit the receiver, credit the giver; debit what comes in, credit what goes out; and debit all expenses and losses, credit all incomes and g...
Derivative is a financial contract whose value is derived from an underlying asset. Spot refers to the current market price of an asset. Option is a contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price. Forward is a contract that obligates the buyer and seller to trade an asset at a predetermined price and date in the future.
Derivative is a contract whos...
NAV stands for Net Asset Value and is a measure of a fund's value. A hedge fund is an investment fund that uses various strategies to generate high returns.
NAV is calculated by subtracting a fund's liabilities from its assets
Hedge funds are typically only available to accredited investors due to their high-risk strategies
Hedge funds can use leverage, short selling, and derivatives to generate returns
Some hedge fun...
High water mark, corporate actions, journal entries, forwards, options, and in the money options are all important concepts in hedge funds.
High water mark refers to the highest peak in a hedge fund's net asset value (NAV) history.
Corporate actions such as splits and spin-offs can affect the value of a hedge fund's holdings.
Journal entries are used to record transactions in a hedge fund's accounting system.
Forwards...
Mutual funds are investment vehicles that pool money from multiple investors to purchase securities.
Mutual funds are managed by professional fund managers
Investors can buy and sell mutual fund shares at the end of each trading day
Examples of mutual funds include Vanguard 500 Index Fund, Fidelity Contrafund, and American Funds Growth Fund of America
The 3 golden rules of accounts are the basic principles of accounting that every accountant should follow.
Rule 1: Debit the receiver, credit the giver - This means that when a business receives something, it should debit the account that receives it and credit the account that gave it.
Rule 2: Debit what comes in, credit what goes out - This means that when a business receives something, it should debit the account...
I have experience in process improvement and optimization in my previous organization.
Implemented Lean Six Sigma methodologies to reduce waste and increase efficiency
Conducted process mapping and analysis to identify bottlenecks and areas for improvement
Collaborated with cross-functional teams to develop and implement process improvements
Trained and coached team members on new processes and procedures
SS&C TECHNOLOGIES Senior Associate Interview Experiences for Experienced
27 interviews found
Anonymous
(2 Questions)
- Q1. Tell me something about vlookup
- Ans.
vlookup is a function in Excel used to search for a value in a table and return a corresponding value from another column.
Used in Excel to search for a value in the first column of a table and return a value in the same row from another column
Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])
Example: =VLOOKUP(A2, B2:D10, 3, FALSE) will search for the value in cell A2 in the first column of the r...
- Q2. What is deferral
- Ans.
Deferral is the act of delaying or postponing something to a later time.
Deferral is commonly seen in financial contexts, where it refers to delaying the recognition of revenue or expenses to a future period.
It can also refer to delaying a decision or action until more information is available or circumstances change.
For example, a company may defer recognizing revenue from a sale until the product is delivered to the c...
Interview Preparation Tips
(1 Question)
- Q1. What are different types of corporate actions
- Ans.
Corporate actions are events initiated by a public company that impact its shareholders and securities.
Dividends - distribution of profits to shareholders
Stock splits - dividing existing shares into multiple shares
Mergers and acquisitions - combining two companies into one
Spin-offs - creating a new independent company from an existing one
Rights issues - offering existing shareholders the right to buy additional shares ...
I appeared for an interview in Sep 2024, where I was asked the following questions.
- Q1. Future goals with organization
- Ans.
I aim to grow within the organization, contributing to innovative projects and leadership roles while enhancing my skills.
Develop expertise in key areas, such as project management and data analysis, to drive impactful initiatives.
Seek opportunities for leadership roles, like leading cross-functional teams on strategic projects.
Contribute to the organization's growth by identifying and implementing process improvements...
- Q2. Useless questions
Selected
I applied via Job Portal and was interviewed in Sep 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Basic questions on derivatives, CFD
- Q2. Questions on profile
(1 Question)
- Q1. Tell me about yourself
Selected
I applied via Campus Placement and was interviewed in Apr 2023. There were 3 interview rounds.
(1 Question)
- Q1. Basics about time flexibility and expected salary
(1 Question)
- Q1. About what you have learnt till now in MBA,journal entries, what is reconciliation,golden rules of accounting
Interview Preparation Tips
Selected
I appeared for an interview in Jun 2023, where I was asked the following questions.
- Q1. What are the journal entries for fund accounting in private equity?
- Ans.
Fund accounting in private equity involves specific journal entries for investments, distributions, and management fees.
1. Initial Investment: Debit 'Investment in Portfolio Company' and Credit 'Cash'. Example: Investing $1M in a startup.
2. Management Fees: Debit 'Management Fee Expense' and Credit 'Cash'. Example: Charging a 2% management fee on $100M fund.
3. Distributions to Investors: Debit 'Cash' and Credit 'Distri...
- Q2. What are the various terms used in fund accounting for private equity?
- Ans.
Fund accounting in private equity involves specific terms that define financial metrics, structures, and reporting standards.
Net Asset Value (NAV): The total value of the fund's assets minus liabilities, indicating the fund's worth.
Capital Call: A request by the fund manager to investors to provide a portion of their committed capital.
Distribution: Payments made to investors from the fund's profits, often referred to a...
- Q3. What is your understanding of the preparation and analysis of financial statements, including the balance sheet (BS), profit and loss (P&L) statement, and cash flow statement?
- Ans.
Financial statements provide insights into a company's financial health, performance, and cash flow management.
Balance Sheet (BS): Shows assets, liabilities, and equity at a specific point in time. Example: A company with $500,000 in assets and $300,000 in liabilities has $200,000 in equity.
Profit and Loss Statement (P&L): Summarizes revenues and expenses over a period, indicating profitability. Example: A company ...
Interview Preparation Tips
Selected
I appeared for an interview before Apr 2024, where I was asked the following questions.
- Q1. What's ur expectation..?
- Q2. What's ur experience, on basis of this we can't give ur ur desired designation.
- Q3. All technical things..
Interview Preparation Tips
Selected
I appeared for an interview in May 2023, where I was asked the following questions.
- Q1. Find accounting
- Ans.
Accounting is the systematic process of recording, analyzing, and reporting financial transactions.
Tracks financial performance through ledgers and journals.
Involves preparing financial statements like balance sheets and income statements.
Utilizes principles such as GAAP or IFRS for standardization.
Example: A company records sales revenue and expenses to assess profitability.
- Q2. Journal entries
Selected
I applied via LinkedIn and was interviewed before Jan 2024. There were 2 interview rounds.
Case study type questions
(1 Question)
- Q1. Case scenario base on accounting concept
Selected
I appeared for an interview before Apr 2024, where I was asked the following questions.
- Q1. Product knowledge - Derivatives, Swaps, OTC, etc
- Q2. About SS&C Globeop
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SS&C TECHNOLOGIES Interview FAQs
Some of the top questions asked at the SS&C TECHNOLOGIES Senior Associate interview for experienced candidates -
The duration of SS&C TECHNOLOGIES Senior Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
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Senior Associate
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Associate
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