SS&C TECHNOLOGIES Interview Questions and Answers

Capital markets are where financial securities are bought and sold, including stocks, bonds, and commodities.

• Capital markets facilitate the buying and selling of financial securities such as stocks, bonds, and commodities.

• They provide a platform for companies and governments to raise capital by issuing securities to investors.

• Investors can trade these securities through exchanges like the New York Stock Exchange (NYSE)...read more

Reconciliation involves comparing two sets of records to ensure they are in agreement. Bond market, futures, and options are financial instruments used for trading.

• Reconciliation is the process of comparing two sets of records to ensure they are in agreement, typically used in accounting to verify transactions.

• The bond market is where investors buy and sell debt securities issued by governments or corporations, with th...read more

I handle audit queries by thoroughly reviewing the information, communicating effectively with stakeholders, and providing detailed responses.

• Thoroughly review the audit query to understand the scope and requirements

• Communicate with relevant stakeholders to gather necessary information and clarify any doubts

• Provide detailed responses with supporting documentation and explanations

• Follow up on any outstanding queries to ...read more

Handle team by setting clear expectations, providing support, fostering open communication, and recognizing achievements.

• Set clear expectations and goals for the team members.

• Provide necessary support and resources to help team members succeed.

• Foster open communication and encourage feedback from team members.

• Recognize and reward achievements to motivate the team.

• Address conflicts and issues promptly to maintain a posi...read more

A trial balance is a financial statement that lists the ending balances of all general ledger accounts at a certain point in time.

• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared before the financial statements are finalized to identify any errors or discrepancies.

• If the trial balance does not balance, it indicates that there are errors in the accounting record...read more

Financial products are instruments that help individuals and organizations manage their financial resources and achieve specific financial goals.

• Financial products can include savings accounts, certificates of deposit, stocks, bonds, mutual funds, and insurance policies.

• They are designed to provide a range of benefits such as growth of capital, income generation, risk management, and tax advantages.

• Different financial ...read more

Journal entry for paid in advance & outstanding expenses

• Paid in advance expenses are recorded as assets on the balance sheet until they are used up

• Journal entry for paid in advance expenses: Debit Prepaid Expenses, Credit Cash/Bank

• Outstanding expenses are recorded as liabilities on the balance sheet until they are paid

• Journal entry for outstanding expenses: Debit Expense Account, Credit Accounts Payable

Market value for mutual funds is derived by calculating the total value of all the securities in the fund's portfolio.

• Market value of a mutual fund is calculated by multiplying the number of shares outstanding by the current market price per share.

• The market value of a mutual fund can also be influenced by factors such as supply and demand, interest rates, and overall market conditions.

• Investors can track the market va...read more

Tight deadlines and unexpected changes in project scope are my biggest stressors, as they challenge my planning and adaptability skills.

• Tight deadlines can create pressure; for example, when a project is due a week early, I must prioritize tasks effectively.

• Unexpected changes in project scope can lead to stress; for instance, if a client requests additional features mid-project, it requires quick adjustments.

• High-stake...read more

In three years, I envision myself as a key contributor in operations, leading projects and driving efficiency improvements.

• I aim to take on leadership roles, managing cross-functional teams to enhance operational processes.

• I plan to develop expertise in data analysis tools, such as SQL and Tableau, to provide actionable insights.

• I hope to contribute to strategic initiatives that improve supply chain efficiency, reducin...read more

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...read more

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...read more