Financial Specialist

This question provides an opportunity to show the employer your ability to commercially evaluate data and translate your findings into deliverable solutions. The best possible answer showcases an example in which you have made a real business difference by identifying problems and making value-added recommendations to decision-makers.

With this type of question, you can afford to spend more time going into the details of your work. The employer wants to see your capability in understanding business operations and where money is made and lost, so use real figures and focus on how your financial expertise played a part in driving improved profitability and efficiency.

Yes and it is very important that they are paid on time, otherwise fines are given to the company.

I have taken communication courses and have a very long history of customer service skills.

While still a fairly basic question, you may tailor your response according to the specifics of the role you’re applying for or to the company’s recognised approach. Or, as a skill test, you may be presented with a few publication samples and asked to explain them. The way you demonstrate your communication skills here will show your skill level in identifying mistakes or omissions.

Been involved with the upgrading of the payroll system. Have not changed from a payroll system in the last 20 years.

No timesheets were in place. I got my wage clerk to develop a timesheet on excel and was implemented in the company and used successfully.

Retroactive pay is a delayed wage payment for work already performed at a lower wage rate. It is distinguished from back pay.

Overtime. Shift allowances, commission, salary, medical aid, provident/pension fund etc.

How we can reduce the cost of supplies, such as reducing the amount of paper we utilize. Finding solutions in reducing waste and finding different methods to help in saving the enviorment.

The largest payroll I have been in charge of was a manual payroll project using excel and the firm consisted of six employees.

An accounting record system where all the companies income and expenses and assets and liabilities are kept.

I have done payroll for 3 different companies with different types of needs and different industries. This has help me to adapt quickly.

I plan to be withe the company indefinitely. I plan to learn the job and become and exceptional ps so that I can successfully move up within the department.

Accounting interview questions such as these can open conversations about the way you have approached this routine process with previous employers. This line of inquiry allows recent grads to apply theoretical knowledge in venturing educated guesses. Your answer will reveal the level of understanding of the methods most commonly used and could open a dialogue about how you may handle this scenario.

It shows them where the company is financially, as well it shows them labor costs, and gives them the numbers to work with in analyzing company policies and procedures.

In commercial finance jobs, you need to be able to demonstrate your ability to build and manage financial models from everything to business forecasting to variance analysis to problem solving. This question gives you the chance to spotlight your financial forecasting skills and should ideally focus on how your forecasting has supported internal departments. Show how you have monitored cost-centre expenditures against forecasts and budgets, and wherever possible, how you have reduced business risks. Without going into too much detail, you should use this question as a platform to cover how your knowledge of P&L, balance sheets and cash flow enables business success.

This interview question is simple to answer. I would obviously begin by picking out a work related problem I have faced and that I knew turned out to be a problem that I was able to solve.

One difficult situation that happen was managing conflict how that was dealth with is that the situation was presented before all the individuals and a resolution was brought in to play the handle the matter at hand.

Get all time sheets or computer records, compare to the office records, imput all the information to the payroll program, look and double check the information that has been given.