Financial Administrator

  Home  Financial  Financial Administrator


“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

21⟩ So are you telling me that, now that you’re forty-something, you would be willing to start at an entry-level position just to get your foot in the door here?

Sometimes you need to take a step backward to move your career forward. Starting in an entry-level role would allow me to learn your business from the ground up.

The career that I’ve been in is so different than yours that I would love the opportunity to start over again in your field. The salary cut will be well worth it.

 202 views

22⟩ Tell me as a financial services operations manager, you have supervisory authority over many employees. Do you find you are able to delegate significant portions of your workload?

As someone in a leadership position, I find that wise and efficient delegation is the best way to get the job done. I have confidence in my team members and believe that they have the expertise and good judgment needed to perform. In my position, I frequently need to rely on information generated by others and to collaborate with team members. When a leader is unable to delegate, other team members are discouraged from showing initiative and the leader ends up taking on an unrealistic workload, which inevitably leads to mistakes and systemic dysfunction. I consider my ability to delegate and utilize the strengths of my team members to be one of my greatest assets as a leader.

 205 views

23⟩ Tell us about a time when you successfully dealt with a difficult and demanding client?

Here the employer is exploring your resilience and ability to persist in the face of a challenge. Setbacks and difficult clients are part of the financial business and you need to demonstrate your ability to deal with this. Provide an example that clearly shows your determination and the interpersonal skills used to reach a positive outcome.

 198 views

24⟩ Tell me an example of the most difficult political situation that you’ve dealt with on a job?

I was hired by a woman who was on her way out. She asked me to be her “fall guy” on a number of assignments. I just learned to drop the assignments off with my boss on the day that they were due, and when the managers would ring me up, I would recommend that they simply follow up with her. This kept me out of hot water with my boss and with her superiors.

 168 views

25⟩ Explain me some ways in which you have worked with other departments to achieve financial goals?

One department that I often work closely with is the legal team. Making decisions that affect the business and financial operations side of our company often involves questions of legal expertise. Many business decisions fall into this category. Questions of taxation, licensing, copyrights, antitrust statutes and corporate structure often need the input of both finance experts and legal professionals. In turn, the legal department often needs further clarification in respect to the operations of particular financial instruments. By collaborating with the legal department, I minimize the risk of legal repercussions from future business and financial decisions while helping the legal team provide comprehensive and accurate legal advice.

 186 views

26⟩ Explain me what do you view as your risks and disadvantages with the position we are interviewing you for?

I think that with the home office located halfway across the globe, there is a very small risk that one might not have the chance to interact with the key decision makers as often as might be ideal. On the other hand, teleconferencing, email, faxing, and having a 24/7 work ethic will go a long way towards bridging the gap.

 234 views

27⟩ As you know our clients feel more comfortable with ethnic writers. So, while I would love to recommend you for the position, I’m worried that our clients will feel uneasy about us hiring you?

I sincerely believe that being a great writer requires one major skill beyond being able to string sentences together, and that quality is empathy. I think that, rather than looking at my skin colour, your company needs to consider whether or not I can empathize with our target market, and the answer is certainly yes.

 208 views

28⟩ As you know we love women at this company, but our clients are Chinese and so we were thinking of hiring a man for this particular job?

Why is that, exactly? It seems to me that I am probably more qualified to handle this position than anyone, man or woman.

My father’s career as a diplomat took our family around the world seven times, and I even spent my junior year abroad in the Far East. I would need far less training than an American man who grew up here and has never worked outside our borders.

 189 views

29⟩ Suppose what if you worked with someone who managed to ‘take credit’ for all your great ideas. How would you handle it?

First, I would try to credit her publicly with the ideas that were hers. Sometimes, by being generous with credit, it spurs the other person to “return the favour.”

If that doesn’t solve it, I’d try to work out an arrangement where we each agreed to present the ideas that were our own to our bosses. If that doesn’t work, I would openly discuss the situation with her.

However, if the person taking credit for my ideas was my boss, I would tread cautiously. To some extent, I believe that my job is to make my superiors shine. If I were being rewarded for my ideas with raises and promotions, I would be happy.

 209 views

30⟩ Explain me what if you work here for five years and don’t get promoted? Many of our employees don’t. Won’t you find it frustrating?

I consider myself ambitious, but I’m also practical. As long as I am continuing to learn and grow within my position, I’ll be a happy camper. Different companies promote people at different rates, and I’m pretty confident that working for you will keep me motivated and mentally stimulated for several years to come.

 203 views

31⟩ Top Behavioral Financial Administrator Job Interview Questions

☛ Tell me about a time your advice to senior management resulted in higher profits/revenues

☛ Recall a time you had to prepare a financial report with a very tight deadline. How did you manage?

☛ Give me an example of a time you solved a problem to ensure goals were met

☛ Describe a time where you showed initiative regarding a financial matter

☛ Have you ever disagreed with upper management? How did you handle it?

☛ Tell me about a time when your knowledge of financial regulations benefited your company

☛ Can you give me an example where you improved the quality/timeliness of the financial information?

☛ What experience do you have in team leadership? How would you describe your leadership style and how has it contributed to the success of the project/department? Talk through how you impacted the careers of the staff you mentored

☛ Give an example of a time when you had a difficult person to manage and how you handled the situation

☛ How many performance evaluations have you conducted in the last 12 months? How did your reports fare and what was your contribution to their performance? What could you have done better? Did you expand the team?

 159 views

32⟩ Role-specific Financial Administrator Job Interview Questions

☛ What kind of financial reports does upper management need and why?

☛ What methods/metrics do you use to evaluate the organization’s progress?

☛ What are key elements to look at when evaluating the company’s investments?

☛ Is a cash flow statement enough to tell whether a company is doing well?

☛ How do you calculate and interpret ROI?

☛ What’s your experience with benchmarking studies?

☛ Are you familiar with Oracle?

☛ How do you reward innovation, initiative, teamwork?

 161 views

33⟩ Operational and Situational Financial Administrator Job Interview Questions

☛ Imagine upper management asks you to tell them whether the company should continue offering a product/service. How would you go about it?

☛ When you have to deal with multiple priorities, how do you manage?

☛ If one of your subordinates made an error, how would you handle it?

☛ Imagine there’s a conflict between two accountants you supervise. How do you resolve it?

☛ If we bought new equipment, how would the financial statements change?

☛ How would you help staff change from a “this is how it’s always done” approach to new processes you implement?

 170 views

35⟩ Please explain me what is your biggest weakness that’s really a weakness, and not a secret strength?

I am extremely impatient. I expect my employees to prove themselves on the very first assignment. If they fail, my tendency is to stop delegating to them and start doing everything myself.

To compensate for my own weakness, however, I have started to really prep my people on exactly what will be expected of them.

 194 views

36⟩ Where do you see yourself in five years as Financial Administrator?

It’s important to understand whether your finance candidate’s career path is aligned with the position to which they are applying. Bringing on a candidate who’s just looking for a “here and now” type of position won’t do you any favors in terms of a long-term hire. Watch out for cookie cutter answers that end up sounding more like wishful thinking than actual long-term plans.

 198 views

37⟩ Tell me does a company need B players? Or is it better off only having A players on staff, and why.?

I believe that a company needs both A and B players. When you’re pitching new business, you want the A players on the front line. But behind the A players, you need the B players who can hammer out the details of the projects and stick with them on a day-to-day basis. Having too many A players on the team leads to ego clashes and a disorganized, anarchical way of doing business.

 194 views

39⟩ Tell us how aware are you of internal politics that may affect your performance?

I’m sensitive to internal politics and respect authority figures. But I also do my best to never become embroiled in office politics. At my level, I consider this to be a wise course of action. I like people and can pretty much work with anyone. So I concentrate on doing my job, listening to directions, surpassing expectations, and leaving the internal political battles to the politicians.

 205 views