1500+ Senior Associate Interview Questions and Answers

I can process around 50-60 invoices per day depending on the complexity.

• The number of invoices processed can vary based on the complexity of the invoices.

• I have experience in using various invoice processing software which helps in increasing the efficiency.

• I prioritize the invoices based on their due dates and ensure timely processing.

Supply chain consulting involves optimizing and improving the flow of goods and services from suppliers to customers.

• Supply chain consulting focuses on analyzing and improving the efficiency of the supply chain process.

• It involves identifying bottlenecks, reducing costs, and enhancing customer satisfaction.

• Consultants may suggest strategies for inventory management, transportation, and distribution.

• They may also recommend technology solutions to streamline operations.

• For exam...read more

Questions related to Outlook, Windows OS, and Office 365.

• OST and PST are file formats used by Outlook to store data.

• Distribution list is a group of email addresses used for sending emails to multiple recipients.

• Mailbox is a storage location for emails and other data in Outlook.

• To create a new data file in Outlook, go to File > New > Outlook Data File.

• BSOD issue in Windows OS can be fixed by updating drivers or running system diagnostics.

• BIOS is a firmware that initializes har...read more

Materiality is the concept of determining the significance or importance of information in financial reporting.

• Materiality refers to the threshold at which information becomes relevant to users of financial statements.

• It is a subjective judgment based on the nature and size of the item or error being evaluated.

• Materiality is determined by considering both quantitative and qualitative factors.

• Quantitative factors include the monetary amount, while qualitative factors include t...read more

Interview questions on SQL and ETL testing

• Row_Number, Rank, and Dense Rank are used for ranking and ordering data in SQL

• Defects/Bugs can be classified into different stages such as Open, In Progress, Resolved, Closed, etc.

• Schema objects are database objects such as tables, views, indexes, etc.

• Different types of loads in ETL Testing include Full Load, Incremental Load, and Delta Load

• Junk Dimension is a dimension table that contains low cardinality columns

• SQL to remove duplicat...read more

SLA stands for Service Level Agreement, while TAT stands for Turnaround Time.

• SLA is a contractual agreement between a service provider and a customer, defining the level of service expected.

• TAT refers to the time taken to complete a specific task or process.

• SLA focuses on the quality and availability of services, while TAT focuses on the speed of completing tasks.

• SLA is usually measured in terms of percentage uptime or response time, while TAT is measured in hours, minutes, o...read more

Answering questions related to COBOL, SORT utility, and file usage.

• 1) Redefines are used in COBOL to allow multiple data items to occupy the same storage space.

• 2) The order of processing in a SORT statement is: Copy, Include, Omit, Sort.

• 3) Looping in COBOL can be achieved using PERFORM or EVALUATE statements.

• 4) The structure of COBOL consists of divisions, sections, paragraphs, and sentences.

• 5) SORT DD Statements in SORT utility define the input and output files for sorting, ...read more

A set of questions related to finance and insurance.

• Credit is an increase in assets or decrease in liabilities, while debit is the opposite.

• Bank reconciliation is the process of matching the bank statement with the company's records.

• Assets are resources owned by a company, while liabilities are obligations owed by a company.

• A revised letter of credit is an amendment to the original letter of credit.

• Collateral loan is a loan secured by an asset, such as a house or a car.

• Capita...read more

Explanation of different types of constraints and primary key vs foreign key

• Constraints are rules applied to columns to maintain data integrity

• Types of constraints include NOT NULL, UNIQUE, PRIMARY KEY, FOREIGN KEY, CHECK, and DEFAULT

• Primary key is a unique identifier for a row in a table, while foreign key is a reference to a primary key in another table

• Primary key cannot have null values, while foreign key can have null values

• Primary key is used to enforce entity integrity,...read more

The TAT for processing an invoice varies depending on the complexity of the invoice and the company's internal processes.

• The TAT can range from a few days to several weeks.

• Factors that can affect the TAT include the accuracy of the invoice, the approval process, and the payment terms.

• Automating the invoice processing system can help reduce the TAT and improve efficiency.

• Regularly reviewing and optimizing the invoice processing system can also help reduce the TAT.

• It is importa...read more

Address underperformance of team mate by identifying root cause and providing support.

• Have a conversation with the team mate to understand the root cause of underperformance

• Provide support and resources to help the team mate improve

• Set clear expectations and goals for the team mate

• Monitor progress and provide feedback regularly

• Consider involving a supervisor or HR if the issue persists

In 2001, a fiber optic company must strategize to utilize excess capacity amid a declining market.

• Diversify product offerings: Explore manufacturing fiber optic components for emerging technologies like data centers.

• Enter new markets: Target industries such as healthcare, automotive, or military that require fiber optics.

• Form strategic partnerships: Collaborate with tech companies to develop innovative applications for fiber optics.

• Invest in R&D: Focus on research to create a...read more

Interview questions for Senior Associate position in ETL Testing

• Different types of schemas in ETL

• Examples of slowly changing dimensions

• Layers of ETL Testing and questions related to Staging layers

• Types of reports and dashboard for report testing

• Handling P1 defects in defect cycle

• SQL queries with different scenarios

P2P and O2C are two different processes in accounting. P2P stands for Procure-to-Pay and O2C stands for Order-to-Cash.

• P2P involves the process of purchasing goods or services from a vendor, receiving the goods or services, and then paying the vendor for the goods or services.

• O2C involves the process of receiving an order from a customer, fulfilling the order, and then receiving payment from the customer.

• Both processes are important for internal audit as they involve financial...read more

Count the ways to decode a numeric string into letters based on a mapping from A-Z.

• Each digit can represent a letter (1-26).

• Single digits (1-9) correspond to A-I.

• Double digits (10-26) correspond to J-Z.

• Example: '123' can be decoded as 'ABC', 'LC', 'AW'.

• Dynamic programming can be used to solve this efficiently.

Concurrency is the ability of a program to execute multiple tasks simultaneously.

• Achieved through multi-threading or asynchronous programming

• Requires careful management of shared resources to avoid race conditions

• Examples include implementing a chat application or processing multiple requests simultaneously

Mapping parameter is used to pass values to a mapping at run time, while mapping variable is used to store values within a mapping.

• Mapping parameter is defined in the mapping configuration and can be changed at run time.

• Mapping variable is defined within the mapping and can be used to store values temporarily.

• Mapping parameter is used to pass values from one mapping to another.

• Mapping variable is used to store values within a mapping for use in subsequent transformations.

TNA stands for Total Net Assets and NAV stands for Net Asset Value. TNA is the total value of assets held by a company or fund, while NAV is the value of each share in the fund.

• TNA is calculated by adding up the value of all assets held by a company or fund, including cash, investments, and property.

• NAV is calculated by dividing the total value of the fund's assets by the number of shares outstanding.

• TNA and NAV are important metrics for investors to evaluate the performance ...read more

Answers to questions related to Informatica performance tuning, transformations, mapping, and session log.

• To improve performance tuning in Informatica, we can use techniques like partitioning, pushdown optimization, and caching.

• Joiner Transformation is used to join two heterogeneous sources based on a common key, while Router Transformation is used to route data based on specified conditions.

• A mapping is a set of source and target definitions, transformations, and rules that ...read more

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 gains.

• Accrual journal entries record revenue or expenses when th...read more

To open a bank account for an NRI, I would check their passport, visa, and proof of foreign address.

• Verify their passport to confirm their NRI status

• Check their visa to ensure they are legally allowed to open a bank account

• Ask for proof of foreign address, such as a utility bill or rental agreement

• Confirm if they have an NRE or NRO account

• Explain the difference between the two types of accounts and help them choose the right one

Criteria for AML and KYC checks

• Verification of customer identity and background

• Assessment of customer risk profile

• Monitoring of customer transactions and behavior

• Compliance with regulatory requirements

• Identification and reporting of suspicious activity

• Ongoing due diligence

• Use of technology and data analytics

• Training and awareness of AML/KYC policies and procedures

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 are contracts that allow investors to buy or sell an asset at ...read more

I will investigate the transaction and report it to the appropriate authorities if necessary.

• I will review the transaction details and gather any additional information that may be relevant.

• If necessary, I will consult with colleagues or superiors to determine the appropriate course of action.

• If the transaction appears to be illegal or unethical, I will report it to the appropriate authorities, such as law enforcement or regulatory agencies.

• I will maintain confidentiality and...read more

Capital market is a financial market where long-term securities like stocks and bonds are bought and sold. Derivatives are financial instruments derived from an underlying asset.

• Capital market is a market for long-term securities like stocks and bonds

• It facilitates the buying and selling of financial instruments with long maturities

• Derivatives are financial instruments derived from an underlying asset

• They derive their value from an underlying asset like stocks, bonds, commodi...read more

The team strength for the teams I facilitated Scrum ranged from 5 to 10 members.

• Team sizes varied based on the project requirements and complexity

• Smaller teams of 5 members were more efficient for quick decision-making

• Larger teams of 10 members were beneficial for complex projects requiring diverse skill sets

Depreciation is necessary to allocate the cost of an asset over its useful life.

• Depreciation helps in matching the cost of an asset with the revenue it generates.

• It allows for the recognition of the wear and tear, obsolescence, and loss of value of assets over time.

• Depreciation expense reduces taxable income, resulting in tax savings for companies.

• It helps in determining the true profitability and financial position of a company.

• Depreciation is required by accounting standard...read more