TCS Senior Underwriter Interview Questions and Answers for Experienced

General English and Reasoning

Q1. Basic questions about last job, Education and Salary
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Q1. About insurance domain and what was last job end to end process
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Q1. What is intercompany reconciliation
Ans. 
Intercompany reconciliation is the process of matching and resolving discrepancies between transactions within a company's different entities.
• It involves comparing financial transactions between different entities of the same company

• It ensures that all transactions are accurately recorded and reported

• It helps identify and resolve any discrepancies or errors in the financial statements

• Examples include reconciling interc...read more
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Q2. What is threshold limit
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Threshold limit is the maximum or minimum level of something that is acceptable or allowed.
• It is used in various fields such as finance, environment, and safety regulations.

• For example, in finance, threshold limit refers to the maximum amount of money that can be transferred without triggering a regulatory review.

• In environmental regulations, threshold limit refers to the maximum amount of a pollutant that can be relea...read more
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Q3. What are acruals with respect to sap terminology
Ans. 
Accruals in SAP terminology refer to the recognition of expenses or revenues that have been incurred but not yet paid or received.
• Accruals are used to ensure that financial statements accurately reflect the financial position of a company.

• They are typically recorded at the end of an accounting period and reversed at the beginning of the next period.

• Examples of accruals include salaries and wages owed to employees, inte...read more
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Q1. Generally starts with "Tell me about yourself, skills you have and your past experience"
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Some Normal Maths and Reasoning Questions.

Q1. An assessment to check your grammar.
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Q1. This round comes up with salary discussion and joining process.
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