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Finance Interview Questions

Finance Interview Questions

Forget game of thrones, it’s a game of numbers in the financial world and as with any interview question some are tricky and some not so much. However with Finance interview questions, it can sometimes be difficult for the interviewer to gauge how qualified you are for the finance job at hand, so these questions may get a tad bit more difficult, but not to worry that’s what we are here for at Careertrotter.

We pride ourselves on sending candidates to their interviews with no worries and being well prepared. Below is number of questions you may be asked in 3 different areas of finance. These questions will follow along the lines of competency based interview questions where the interviewer tries to find out your skill level and what you would do and have done in certain situations relating to the finance job. We will guide you through the possible finance interview questions for the 3 sectors that you may be asked on, so sit back, relax and get yourself interview ready with us.

First off there are the General Finance Interview Questions that would be asked for any of the 3 sectors.

General

  • What experience do you have in Finance/Accounting field? 
  • What made you choose to apply for this Finance job?
  • What are your top 3 skills that you feel you can bring and help you in this Finance/Accounting job? 
  • Can you describe a recent situation in which you accomplished an important objective in a brief period of time? 
  • Do you prefer team work or individual work? 
  • What process/method do you use to ensure accuracy?

Now lets move on the the sector specific Interview questions:

1. Accounting Jobs

Jobs in Accounting generally involve you looking after financial reporting, some general admin and bookkeeping, along with some analysing of numbers and markets. In an accounting job there is no client contact, so you get to get up close and personal with your numbers.

Accounting Interview Questions

  • How do you manage online finance operations and describe a method you used to prepare a report? 
  • When working on a particular project, describe a time when you provided strategic analysis to drive improved decision making. What was the situation? How did you come up with your resolutions?
  • What is the current tax rate in the country you currently live in?
  • What financial experience do you have to date? 
  • What have you done to improve your Finance knowledge in the last year? 
  • What have you learned from your mistakes in your last Finance job? 
  • What is working capital? 
  • What are deferred taxes? 
  • Explain what is meant by private equity. Which method do you use to calculate company assets invested in external projects? 
  • In which conditions would a company prefer a debt over equity finance? 
  • Explain macroeconomics/capital markets/investment theory? 
  • Where do you think interest rates will be 1 year from now? 
  • What do you think about the economy and interest rates? 
  • Which financial reporting software/method did or have you used in the past?
  • Which departments might you have worked with in the collection of any financial data?
  • Do you have any specific accounting/finance qualifications?
  • Did you ever have to present financial reports to management?

2. Accounts Payable/Accounts Receivable Jobs

Jobs in this area of finance and accounting willing involve the looking after of payments and billing, reaching targets on a monthly basis, transactions and conditions, but thankfully there is no analysing but there is a nice bit of client contact, so you get to work on those people skills.

Account Payables/Receivables Interview Questions

  • What have you learned from your mistakes in your last Finance job? 
  • How many transactions where you expected to process on a daily, weekly and monthly basis? Did you reach those targets?
  • What kind of targets did you have to deal with in your last Accounting job?
  • What previous experience do you have in arranging payment agreements?
  • On average what was the volume (number) of invoices you had to collect and/or pay?
  • What would you do if a client could not pay their financial bill?
  • How do you/would you prioritise payments?

3. Credit Analysis Jobs

Working as a credit analyst you should know that this is a decision based heavy analysing job where you would be responsible for fraud investigation, setting clients limits and having some contact with clients.

Credit Analysis Interview Questions

  • Do you have any experience in setting credit limits? Talk to me about it?
  • Did you ever stop/cancel orders of non-paying clients? Tell me about it? (NOTE: this is a great opportunity to show off your skills)
  • Do you have any experience in Fraud investigation? Tell me about it?
  • When working on a project, tell me about a time when you provided strategic analysis to drive improved decision making. What was the situation? How did you come up with your resolutions?
  • What is the current tax rate in the country you currently live in?
  • What have you done to improve your Finance knowledge in the last year? 
  • What have you learned from your mistakes in your last Finance job? 
  • Where do you think interest rates will be 1 year from now? 
  • What do you think about the economy and interest rates? 

DON'T FORGET

The majority of these questions are competency based so follow our GOLDEN RULE: You should always give an example, whether the interviewer asked for one or not. When in doubt give an example. The reason for this being, the employer wants to see how you have previously handled such a situation, so now is your time to shine, show them what you’ve got.

Don't forget you will be asked other types of interview questions like:

Maybe you are interested in different types of Jobs such as:

Look at our Language jobs and apply as soon as possible!