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I applied via Campus Placement and was interviewed in Mar 2023. There were 3 interview rounds.
I am a detail-oriented and analytical professional with a strong background in finance and accounting.
I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.
I am experienced in preparing financial statements, reconciling accounts, and analyzing investment portfolios.
I have a deep understanding of accounting principles and regulations, including GAAP and IFRS.
I am profic...
I am open to job locations that offer a strong financial industry presence and opportunities for professional growth.
I prefer job locations with a strong financial industry presence.
I am interested in locations that offer opportunities for professional growth and development.
I am open to considering different locations based on the specific job requirements and career prospects.
I value a supportive work environment and...
I expect a competitive salary that reflects my skills and experience, and I hope for regular performance-based hikes.
I believe my skills and experience warrant a competitive salary.
I hope for regular performance-based hikes to recognize my contributions.
I am open to negotiation and would like to discuss the salary and hike in detail during the interview.
I understand that the salary and hike will depend on the company's
I have 5 years of experience as a Fund Accountant in a leading financial institution.
Managed daily accounting activities for multiple investment funds
Performed NAV calculations and reconciliations
Prepared financial statements and reports for clients
Collaborated with portfolio managers and auditors
Implemented process improvements to enhance efficiency
I will be able to join within 2 weeks of receiving the offer.
I will need to give notice to my current employer, which typically requires 2 weeks.
I will need to complete any necessary paperwork and background checks before starting.
I will also need some time to prepare for the transition and tie up loose ends in my current role.
However, I am open to discussing the start date and can potentially join earlier if needed.
I am a detail-oriented and analytical professional with a strong background in finance and accounting.
I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.
I am proficient in financial analysis, reconciliation, and reporting.
I have experience in managing complex investment portfolios and ensuring compliance with regulatory requirements.
I am skilled in using accounting ...
Fund accounting is a specialized form of accounting used by organizations that manage funds or investments.
It focuses on tracking and reporting the financial activities of specific funds or investment portfolios.
It involves recording and reconciling transactions, calculating net asset values, and preparing financial statements.
Fund accountants ensure compliance with regulatory requirements and provide accurate and time...
NAV calculation is the process of determining the net asset value of a fund, which represents the value per share/unit.
NAV is calculated by subtracting the fund's liabilities from its assets.
Assets include investments, cash, and receivables, while liabilities include expenses and payables.
NAV = (Total Assets - Total Liabilities) / Total Shares/Units Outstanding.
NAV is typically calculated on a daily basis for mutual fu...
Assets are resources owned by a company, while liabilities are obligations or debts. They have subcategories and formulas to determine their values.
Assets are economic resources that provide future benefits to a company, such as cash, inventory, or property.
Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.
Subcategories of assets include current assets (e.g....
GAV stands for Gross Asset Value, which represents the total value of all assets in a fund. NAV stands for Net Asset Value, which is the value of a fund's assets after deducting liabilities.
GAV is the total value of all assets in a fund, including both realized and unrealized gains or losses.
NAV is the value of a fund's assets after deducting liabilities, such as management fees, operating expenses, and accrued expense...
Equity is ownership in a company, while a bond is a debt instrument issued by a company or government.
Equity represents ownership in a company and gives shareholders the right to vote and receive dividends.
Bonds are debt instruments where the issuer borrows money from investors and promises to repay the principal with interest.
Equity holders have a higher risk and potential for higher returns compared to bondholders.
Ex...
Capstock refers to the total value of a company's outstanding shares of stock.
Capstock is the market value of a company's equity capital.
It represents the total value of all the company's shares of stock.
Capstock can be calculated by multiplying the current market price per share by the total number of outstanding shares.
It is an important metric for investors and analysts to assess the overall value of a company.
Subsc...
Capstock can affect the NAV by impacting the valuation of the fund's investments.
Capstock refers to the capitalization of a stock, which is the total value of a company's outstanding shares.
If a fund holds capstocks that experience a significant increase or decrease in value, it can impact the Net Asset Value (NAV) of the fund.
An increase in the value of capstocks held by a fund can lead to an increase in the NAV, as t...
Management fees and performance fees are charges levied by investment managers for managing funds and achieving certain performance benchmarks.
Management fees are ongoing charges that cover the cost of managing the fund, including administrative expenses, research, and investment management.
Performance fees are additional charges based on the fund's performance relative to a benchmark or a predetermined hurdle rate.
Man...
Accounting rules are guidelines and principles that govern the recording and reporting of financial transactions.
Accounting rules ensure consistency and accuracy in financial reporting.
They provide a framework for recording and classifying transactions.
Modern accounting rules are often based on international standards, such as the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting P...
DR and CR are abbreviations for debit and credit, which are used in accounting to record financial transactions. Ledger is a book that contains all the accounts, while subledger is a subsidiary ledger that provides more detailed information for specific accounts.
DR stands for debit, which represents an increase in assets or a decrease in liabilities or equity.
CR stands for credit, which represents a decrease in assets ...
Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders.
Corporate actions can include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.
Stock split: When a company divides its existing shares into multiple shares, e.g., 2-for-1 split.
Dividends: Distribution of a portion of a company's earnings to its shareholders.
Mergers and acquisitions: W...
I expect the job to provide opportunities for growth, a supportive work environment, and a competitive salary.
Opportunities for professional development and advancement
A positive and collaborative work culture
A fair and competitive salary
Clear expectations and goals
Work-life balance
Supportive management and colleagues
Challenging and engaging work tasks
Opportunities to learn new skills and technologies
Recognition for ac
I have the necessary skills, experience, and passion for the role of Fund Accountant.
I have a strong background in accounting and finance, with a focus on fund accounting.
I have experience working with various financial instruments and investment strategies.
I am highly detail-oriented and have a track record of accuracy in financial reporting.
I am proficient in using accounting software and have a strong understanding ...
State Street Corporation is a leading financial services company known for its global presence and expertise in asset management and custody services.
State Street Corporation is one of the largest custodian banks in the world, providing services to institutional investors and asset managers.
The company has a strong global presence with offices in over 100 locations worldwide.
State Street is known for its expertise in a...
Yes, I have extensive knowledge of MS-Excel.
I am proficient in using Excel for financial analysis and reporting.
I have experience in creating complex financial models using Excel.
I am skilled in using Excel functions such as VLOOKUP, SUMIF, and Pivot Tables.
I have used Excel to prepare financial statements and reconcile accounts.
I am comfortable working with large data sets in Excel and have experience in data analysis
I applied via Naukri.com and was interviewed in Dec 2021. There were 3 interview rounds.
Fund accounting is a specialized accounting system used by investment companies to track and manage their portfolio of investments.
It involves tracking the performance of individual investments and calculating the net asset value (NAV) of the fund.
It also involves ensuring compliance with regulatory requirements and preparing financial statements for investors.
Examples of investment companies that use fund accounting i...
Corporate actions refer to events initiated by a publicly traded company that can impact its shareholders and the value of its securities.
Corporate actions include events such as stock splits, dividends, mergers, acquisitions, rights issues, and spin-offs.
These actions can affect the ownership structure, share price, and overall value of a company.
For example, a stock split may increase the number of shares outstanding...
Yes, dividends impact NAV (Net Asset Value).
Dividends are a distribution of a portion of a company's earnings to its shareholders.
When a company pays out dividends, it reduces its retained earnings and cash balance.
As a result, the NAV of a fund that holds shares of the company will decrease.
The impact of dividends on NAV depends on the size of the dividend and the fund's holdings.
For example, if a fund holds a signifi...
Top trending discussions
Morgan Stanley is a top-tier investment bank with a strong reputation for innovation and excellence.
Morgan Stanley has a long history of success in the financial industry
The company is known for its innovative approach to investment banking
Morgan Stanley has a strong reputation for excellence in research and analysis
The firm offers a wide range of services to clients, including wealth management and investment banking
M...
Tower and Morgan Stanley are both financial services companies.
Tower is a global investment management firm with over $1 trillion in assets under management.
Morgan Stanley is a multinational investment bank and financial services company.
Both companies offer a range of financial services including wealth management, investment banking, and asset management.
Tower is known for its focus on sustainable investing, while Mo...
The job profile offered is for an analyst position. A PhD is not required for this role.
The job involves analyzing data and providing insights to clients
A PhD is not necessary as the role focuses more on practical application of analytical skills
The job may require a bachelor's or master's degree in a related field
Examples of job responsibilities may include data collection, statistical analysis, and report writing
Innovations to minimize cost of pen
Use recycled materials for pen body and ink
Simplify design to reduce production costs
Implement refillable ink cartridges to reduce waste and cost
Partner with companies for bulk purchasing of materials
Automate production process to reduce labor costs
Prove N>=N^.5+N^(1/3)+N^(1/4) for N>=a
Use AM-GM inequality
Substitute N with a and prove the inequality holds
Use calculus to find the minimum value of the expression
Finding the probability distribution for the minimum of two random variables with given distributions.
Use the formula P(min(x,y)>z) = P(x>z)P(y>z)
Integrate over the range of z to get the distribution of min(x,y)
Final distribution is 2ke^(-kx)ue^(-ux)exp(-uz)
Given prob. p of dying out and prob. (1-p) of spawning into 2, find prob. of dying out starting from 1 organism.
Use probability tree to visualize outcomes
Probability of dying out starting from 1 is p + (1-p) * (probability of dying out starting from 2)^2
Solve recursively to get final answer
Probability of a rectangle being inside a unit circle with p chosen uniformly on the circle and q inside the circle.
The probability can be found by calculating the ratio of the area of the rectangle to the area of the circle.
The area of the circle is pi and the area of the rectangle can be found using the distance between p and q.
The probability is 1/4.
Example: If the distance between p and q is 0.5, then the area of t...
Find local minima of an array in o(log n) in functional programming.
Use binary search to find the local minima.
Check if the mid element is a local minima, if not, move towards the lower side.
If the mid element is greater than its left element, move towards the left side, else move towards the right side.
Repeat until a local minima is found.
Example: [5, 3, 2, 4, 6, 8, 9] -> local minima is 2.
Code to sort a list without pipes
Use a sorting algorithm like bubble sort, insertion sort, or selection sort
Implement the algorithm in the programming language of your choice
Test the code with different input sizes and types
To find an even length palindrome in a string in O(n), we can use the two-pointer approach.
Initialize two pointers at the center of the string.
Expand the pointers outwards while checking if the characters at both pointers are equal.
If they are not equal, return the previous substring as the even length palindrome.
If the pointers reach the end of the string, return the entire string as the even length palindrome.
Possible values of determinant of matrix A given Avi=Vj for n linear vectors
The possible values of |A| are non-zero as the given vectors are linearly independent
The value of |A| can be calculated using the formula |A| = (-1)^n * det(A)
If the given vectors are orthogonal, then |A| is the product of the magnitudes of the vectors
A and B play a game with unfair coin. A wins if # of heads > #tails +1 at any point. Find prob. of A winning.
The game is played with an unfair coin with P[Heads]=p
A wins if # of heads > #tails +1 at any point
Find the probability of A winning
Find two elements in a sorted array that add up to a given sum in linear time.
Use two pointers, one at the beginning and one at the end of the array.
If the sum of the two pointers is greater than the target, move the right pointer to the left.
If the sum of the two pointers is less than the target, move the left pointer to the right.
Repeat until the sum is found or the pointers meet.
Example: Given [1, 2, 3, 4, 5] and ta
The probability of element at 20th position landing up at 31st position after the first iteration.
The probability depends on the size of the dataset and the algorithm used for iteration.
If the algorithm involves swapping adjacent elements, the probability is higher.
If the dataset is sorted in a way that the element at 20th position is adjacent to the element at 31st position, the probability is 1.
The probability can be...
Expected number of collisions between randomly moving ants on a rod after 30 seconds.
Calculate the probability of two ants colliding at any given time.
Use the formula for expected value to find the expected number of collisions.
Assume that the ants are point masses and collisions are perfectly elastic.
Consider the possibility of multiple ants colliding at the same time.
Simulation can also be used to estimate the expect
Counting permutations where numbers between u and i+1 are less than i for all i in the permutation.
The first number in the permutation must be 1.
For each i in the permutation, all numbers between u and i+1 must be less than i.
Use dynamic programming to count the number of valid permutations.
The answer is (n-1)th Catalan number.
Example: for n=4, the answer is 5.
Finding f(n) for a normal standard distribution with a given constant k.
Calculate the product of probability density function and cumulative distribution function.
Integrate the product of f(x) and F(kx) from -inf to +inf.
The value of k is a constant greater than 0.
Number of inversions in an array in O(nlogn) time.
Use merge sort algorithm to count inversions
Divide the array into two halves and recursively count inversions
Merge the two halves and count split inversions
Time complexity is O(nlogn)
I applied via Referral
I listed a job that I was fired from after only a few weeks.
Listed a job where I was fired after a few weeks
Didn't provide a clear explanation for why I was let go
Didn't highlight any skills or accomplishments from that job
I admire Dr. Raghunath Anant Mashelkar, an IIT Bombay alumnus, for his contributions to science and technology.
Dr. Mashelkar is a chemical engineer and has made significant contributions to the field of polymer science.
He has also served as the Director General of the Council of Scientific and Industrial Research (CSIR) and has been awarded numerous honors, including the Padma Shri and Padma Bhushan.
Dr. Mashelkar has a...
The eurozone crisis refers to the economic and financial difficulties faced by some countries in the European Union.
The crisis began in 2009 with the Greek debt crisis and spread to other countries in the eurozone.
It was caused by a combination of factors including high levels of debt, low economic growth, and structural problems within the eurozone.
The crisis led to bailouts of several countries by the European Centra...
The Libor Scam was a manipulation of the London Interbank Offered Rate (Libor) by banks to benefit their own trading positions.
Libor is a benchmark interest rate used globally for financial products
Banks were found to have manipulated the rate to benefit their own trading positions
The scandal resulted in billions of dollars in fines for banks involved
Several high-profile bankers were also convicted for their involvemen...
Derivatives are financial instruments that derive their value from an underlying asset or security.
Derivatives can be used for hedging or speculation.
Examples of derivatives include futures, options, and swaps.
Derivatives can be traded on exchanges or over-the-counter.
Derivatives can be complex and involve significant risk.
Derivatives played a role in the 2008 financial crisis.
Failure to avoid fiscal cliff could lead to severe economic repercussions globally and in the US, with India also being affected.
The US economy could experience a recession, with a potential decrease in GDP and increase in unemployment rates
Global financial markets could experience volatility and uncertainty
India could be affected due to its close economic ties with the US, with potential impacts on trade and investmen...
Prime Services is a suite of financial services offered by investment banks to hedge funds and other institutional clients.
Prime brokerage
Securities lending
Cash management
Risk management
Trade execution
Reporting and analytics
Examples: Goldman Sachs Prime Services, J.P. Morgan Prime Services
QE stands for Quantitative Easing. It is a monetary policy used by central banks to stimulate the economy.
QE involves the central bank buying government bonds or other securities from the market to increase the money supply.
The increased money supply is intended to lower interest rates, encourage borrowing and spending, and boost economic activity.
QE is typically used when interest rates are already low and traditional...
posted on 4 Dec 2016
I applied via Campus Placement and was interviewed in Dec 2016. There were 5 interview rounds.
Yes, I have coded in curriculum. The most complex one was a project on building a web application using React and Node.js.
Built a full-stack web application using React and Node.js
Implemented user authentication and authorization using JSON Web Tokens (JWT)
Used MongoDB as the database and Mongoose as the ODM
Implemented real-time updates using Socket.IO
Deployed the application on Heroku
Handled errors and implemented log
Big data refers to large and complex data sets that cannot be processed using traditional data processing methods.
Big data is characterized by its volume, velocity, and variety
It is used in various industries such as healthcare, finance, and retail
Examples of big data include social media data, sensor data, and transactional data
It is called 'big' because it involves processing massive amounts of data
Big data requires ...
I am passionate about technology and eager to learn new skills in the IT sector.
I have always had a keen interest in technology and enjoy working with computers.
I believe the IT sector offers more opportunities for growth and advancement in my career.
I have seen the impact of technology on various industries and want to be a part of that innovation.
I have taken courses in programming and networking to prepare myself fo
To find the product of all data points using SelectSum(), log(), and exp() functions.
Use the log() function to convert the product into a sum of logarithms
Apply the SelectSum() function to calculate the sum of logarithms
Finally, use the exp() function to convert the sum back into the product
I was interviewed in Dec 2016.
Debugging steps for a slow web portal
Check server load and resource usage
Analyze network traffic and latency
Review code for inefficiencies and optimize
Use profiling tools to identify bottlenecks
Consider caching and content delivery networks
Test and monitor performance after changes
Denormalization, indexing, caching, and partitioning can improve query performance.
Denormalize the data to reduce the number of joins required for queries.
Create indexes on frequently queried columns to speed up search.
Cache frequently accessed data in memory to avoid disk reads.
Partition large tables into smaller ones to reduce the amount of data that needs to be scanned.
Use query optimization techniques like query re...
Sorting algorithm organizes data in a specific order.
Choose a sorting algorithm based on the data size and type.
Common sorting algorithms include bubble sort, insertion sort, and quicksort.
Implement the chosen algorithm in code.
Test the algorithm with sample data to ensure it sorts correctly.
My parents inspire me the most.
Their hard work and dedication to providing for our family motivates me to work hard.
Their unwavering support and encouragement has helped me overcome challenges.
Their values and principles have shaped me into the person I am today.
Seeing their sacrifices and selflessness inspires me to be a better person.
A leader should possess qualities like vision, communication, empathy, integrity, and adaptability.
Vision: Ability to see the big picture and set goals accordingly
Communication: Ability to convey ideas clearly and listen actively
Empathy: Ability to understand and relate to others' emotions and perspectives
Integrity: Consistency in values, actions, and decisions
Adaptability: Ability to adjust to changing circumstances a
Morgan Stanley is a top-tier investment bank with a strong reputation for excellence and innovation.
Morgan Stanley has a long history of success in the financial industry
The company is known for its innovative approach to investment banking
Morgan Stanley has a global presence and offers a wide range of services to clients
The firm has a strong commitment to diversity and inclusion
Morgan Stanley is a great place to work
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