Financial Administrator

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“Financial Administrator related Frequently Asked Questions by expert members with job experience as Financial Administrator. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts”



61 Financial Administrator Questions And Answers

2⟩ We notice that you interned at a small investment banking boutique. Did you pursue a full-time job offer with them? What happened?

Yes, I did very well at my internship, and I had originally assumed that I would come on staff once I graduated from college. However, BB&L drastically cut back the number of new hires they were planning. As fate would have it, they will not be hiring any of the interns they had last summer.

I love working at BB&L, and I brought some references with me today to show you that my job performance there was stellar. Still, in some ways, I consider this new turn of events to be a lucky break for me, believe it or not.

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3⟩ Tell me have you ever had a serious conflict with another team member? How did you resolve it?

At one time, I had a fairly substantial disagreement with another member of the organizational team. We had conflicting views about whether a certain investment would further our company’s financial goals and whether it was consistent with our long-term organizational mission. I listened carefully to her arguments and, in turn, conducted further research to determine whether my initial position was strongly supported. Eventually, we were able to reach a compromise and agree on a course of action that we could both support as being best for the company.

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4⟩ Tell us what hurdles or obstacles have you overcome?

Posing this question will help you key into your finance candidate’s ability to overcome adversity or challenges throughout their career. If you’re particularly interested in a piece of information on their resume, like a layoff, ask them directly about how they overcame that situation.

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6⟩ Please can you describe your dream job?

This is my dream job and that’s why I approached you about it in the first place. I am excited about the prospect of helping your promotion agency upgrade and fine tune your loyalty programs.

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10⟩ Tell me would you rather get permission from your boss before undertaking a brand-new project, or be given enough rope to “hang yourself”?

During my first week on the job, I would ask my boss how she would prefer me to handle projects. If she indicated that she wanted a take-charge person under her, I would take the ropes. If she told me she wanted me to run ideas by her first, I would comply. I think the real challenge is being able to adapt to your work environment, and I’m flexible.

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11⟩ As you know I see from your resume that you worked at CC&L for four years, and that’s terrific. But I also noticed that you weren’t promoted during that time. Why not?

CC&L is a great company, and thanks in part to my team’s contributions, they are doing very well these days. But that wasn’t always the case.

During the first two years that I worked there, people were being fired left and right, and just hanging onto my job was a feat.

Once the company began to turn around, [my boss] was offered a terrific job at a rival organization and it took CC&L six months to replace him, and when they did, the new boss was eager to bring in his own people. Once again, I tenaciously hung on to my job, and, even though I was long overdue for a promotion, I really didn’t think that the timing was right for me to broach it. No one from the old staff was there to even vouch for my performance!

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13⟩ Tell us how many hours a week do you usually work, and why?

I work pretty long hours most of the time. With the extra time, I try to find ways to “add value” to each assignment, both my own and the firm’s. When our clients read our reports, I want them to think that no one else could have possibly written them, except for our company.

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14⟩ Tell me about a time when you improved your company’s organizational framework?

As a financial service operations manager, I was responsible for several departments, including finance, accounting and fundraising. I worked to eliminate inefficiencies in communications and record-keeping between departments by acting as a liaison with other departments, such as IT and Human Resources, in order to maintain accurate and consistently updated records throughout. I worked with IT to create a streamlined database that was able to cross reference with the company’s other internal systems while maintaining appropriate security protocols. As a result, I discovered and was able to eliminate several sources of systemic redundancy and inefficiency.

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15⟩ Tell us how can you add real value to this organization?

Your interview answer should showcase your comprehensive research and knowledge of the company and how well you understand its achievements, its goals and the challenges it faces. Provide examples of the skills and ideas you bring that would result in a contribution to profits and growth.

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16⟩ Tell us how do you go about persuading others to your point of view?

Finance professionals regularly have to persuade and influence people to accept their services, their expertise and their advice. Determining needs, selecting the most suitable approach and deciding on the right interpersonal style are all factors in successfully influencing others.

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17⟩ Tell us what are a couple of the most courageous actions or unpopular stands that you have ever taken?

I used to work for a boss who managed four offices making his time ultra-limited … he eventually called me one day, and begged me to review their work “unofficially.” But there had been a long history in my office of people who would “act like the boss,” sans any official title, only to be “beheaded” a few months later for overstepping their bounds.

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18⟩ Tell us what do you know about our company, our competition, and our industry as a whole?

Asking your candidates to sum up your company and their industry knowledge will give you insight into how much homework they did prior to the interview. Candidates who “blank” on this question may be unfamiliar with your company and the finance industry as a whole, and applying to this role on a whim. You don’t want an employee who lacks the ability or desire to research.

Better interview questions are a key component in landing better finance hires. Carefully track their body language and reactions to the questions you present, as these are also effective indicators. Remember, you want a candidate who is truly passionate about the opportunity and not just trying to “win the job.” Always read between the lines.

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20⟩ Please explain about your approach to team work. How have you had to adapt to work effectively as part of a team?

Finance interview questions about team work look at your ability to build relationships and contribute to team success. Your ability to work successfully with other people in the finance business is essential. Show how you have assessed each team member and selected the best approach for their particular needs. Adaptability is key to success.

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