Iris Software Senior Executive Interview Questions and Answers

Q1. Decribe yourself
Ans. 
I am a results-driven senior executive with a proven track record of leading successful teams and driving business growth.
• Experienced in developing and implementing strategic plans

• Skilled in building and maintaining strong relationships with stakeholders

• Proven ability to drive revenue and profitability through effective decision-making

• Strong leadership and communication skills

• Passionate about driving innovation and con...read more
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Q1. Take me through your resume
Ans. 
I have a diverse background in leadership, strategy, and operations, driving growth and innovation across various sectors.
• Leadership Experience: Over 15 years in executive roles, leading teams of up to 200 people in multinational corporations.

• Strategic Planning: Developed and executed a 5-year strategic plan that increased market share by 30% in a competitive industry.

• Operational Excellence: Implemented lean management...read more
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Q2. Situation that has been in your work where you had to reduce expenses in a kpi and how u overcome it
Ans. 
Successfully reduced expenses by 15% while maintaining service quality through strategic vendor negotiations and process optimization.
• Vendor Negotiations: Engaged with suppliers to renegotiate contracts, resulting in a 10% reduction in material costs without compromising quality.

• Process Optimization: Implemented lean management techniques that streamlined operations, reducing waste and saving an additional 5% in operat...read more
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Q1. How will you forecast expenses for the company
Ans. 
I will forecast expenses by analyzing historical data, market trends, and budget projections.
• Analyze historical data to identify patterns and trends in expenses

• Consider market trends and economic indicators that may impact expenses

• Collaborate with department heads to gather budget projections and forecasts

• Use financial modeling techniques to predict future expenses based on various scenarios

• Regularly review and adjust ...read more
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Q2. Take me thru major financial statements and their interconnecting areas
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Major financial statements include income statement, balance sheet, and cash flow statement, which are interconnected through net income and retained earnings.
• Income statement shows revenues and expenses, resulting in net income.

• Balance sheet displays assets, liabilities, and equity, with net income affecting retained earnings.

• Cash flow statement details cash inflows and outflows, reconciling with changes in cash on th...read more
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Q1. Why do you want to switch?
Ans. 
I seek to switch roles to leverage my skills in a new environment and tackle fresh challenges that align with my career goals.
• Career Growth: I believe this new position offers greater opportunities for advancement, allowing me to take on leadership roles and drive strategic initiatives.

• Skill Utilization: I want to apply my expertise in a different context, such as using my project management skills to lead cross-functi...read more
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Q2. What made u choose to apply for the company
Ans. 
I applied to the company because of its strong reputation in the industry and its commitment to innovation and employee development.
• Reputation of the company in the industry

• Commitment to innovation

• Opportunities for employee development
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Aptitude test was conducted at first

Q1. One-on-one round in the interview process
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Q1. HR round was interactive and friendly.
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Q1. Few technical questions were asked in round 4
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Q1. About your self, qualification, skills
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Q1. Previous experience, Roles and responsibilities
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Q1. Why you want change your job.
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