Finance associate Interview Questions
Finance associates utilise a wide variety of basic financial functions to provide clients with advice and guidance on strategic planning for long-term financial decisions. Companies and individuals look to them for financial expertise when deciding on a broad range of financial matters, including investments and annual budgets.
Top Finance Associate Interview Questions & How to Answer
Here are the top three finance associate interview questions and tips on how to answer them:
Question No. 1: Can you explain the steps needed in the tax preparation process?
How to answer: This open-ended question is designed to test your fundamental knowledge base of the financial skills involved in the process of preparing taxes and tax calculations as well as your ability to contribute to their team. You should work through a sample tax preparation scenario with a client from start to finish, highlighting areas in which your knowledge base is exceptional.
Question No. 2: Have you ever guided staff or a colleague with regard to financial regulation compliance? If so, what was your process? If not, how would you approach this?
How to answer: This open-ended question demonstrates your knowledge of standards, industry regulations and fiscal policies. It also provides proof of your ability to promote best practices when it comes to financial regulation compliance. Provide an example of working with a team using this process. If you have not guided anyone through this process, provide best practice steps and how you would work through them with a team.
Question No. 3: What is your preferred financial software? Why?
How to answer: This open-ended question is designed to showcase your knowledge of available financial software and your ability to evaluate the proficiency and applicability of such software. If possible, refer to several financial software options in which you are proficient so you can further demonstrate your breadth of knowledge in this area. Share how you have used, or would use, these software options.