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Marine insurance is a type of insurance that covers ships, cargo, and other watercraft against risks like theft, damage, and liability.
Marine insurance provides coverage for ships, boats, cargo, and other watercraft.
It protects against risks such as theft, damage, collisions, and liability.
There are different types of marine insurance policies, including hull insurance, cargo insurance, and liability insurance.
Mar...
Different methods of calculating reserves include deterministic methods, probabilistic methods, and simulation models.
Deterministic methods involve using fixed values for input parameters to calculate reserves.
Probabilistic methods incorporate uncertainty by assigning probability distributions to input parameters.
Simulation models simulate multiple scenarios to estimate reserves based on different input assumption...
P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.
Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.
Approval: Risk of delays or errors in approval process causing delays in procurement.
Purchase Order: Risk of incorrect details or unauthorized purchases being made.
Goods Receipt: Risk of receiving damaged or incorrect g...
Perform various checks on purchase order data dump
Verify accuracy of vendor information
Check for duplicate PO numbers
Ensure correct pricing and quantities
Validate delivery dates
Confirm approval signatures
You can perform procedures such as creating purchase orders, updating purchase orders, cancelling purchase orders, etc. from a PO dump.
Creating new purchase orders based on the information in the dump
Updating existing purchase orders with new information
Cancelling purchase orders that are no longer needed
Reviewing and analyzing purchase order data for insights
Key risks identified in internal audit experience
Lack of segregation of duties leading to potential fraud
Inadequate controls over financial reporting
Insufficient IT security measures
Non-compliance with regulations and policies
Weaknesses in inventory management
Ghost employees can be identified by cross-referencing payroll records with HR records and conducting regular audits.
Cross-reference payroll records with HR records to identify discrepancies
Conduct regular audits of employee information and payroll to detect any anomalies
Implement strong internal controls and segregation of duties to prevent ghost employees
Use biometric verification or time-tracking systems to ens...
I have previous experience in audit through internships and projects during my time in university.
Completed internships at accounting firms where I conducted audit procedures
Participated in audit projects for university courses
Utilized audit software to analyze financial data
Developed strong attention to detail and analytical skills
Node.js event loop architecture is a single-threaded, non-blocking, asynchronous I/O model.
Node.js uses an event-driven architecture to handle I/O operations.
The event loop is a single thread that listens for events and executes callbacks.
Callbacks are queued in the event loop and executed in a non-blocking manner.
Node.js uses libuv library to handle the event loop.
The event loop allows Node.js to handle a large n...
A ghost employee is a fictitious employee created by someone to embezzle funds from a company.
Ghost employees may have fake identities and bank accounts.
They may receive paychecks without actually working for the company.
To identify ghost employees, cross-check employee records with HR and payroll data.
Look for discrepancies in employee attendance, performance, and salary payments.
Conduct regular audits and review...
I applied via LinkedIn and was interviewed in May 2024. There were 4 interview rounds.
Test general statistics and mathematics knowledge.
We are divided into two groups.we had given four topics one by one and have 5 minutes to discuss each topic.
Excel assignment is given and 45 minutes are there to solve it.
Different life insurance policies include term life, whole life, universal life, and variable life.
Term life insurance provides coverage for a specific period of time.
Whole life insurance offers coverage for the entire lifetime of the insured.
Universal life insurance provides flexibility in premium payments and death benefits.
Variable life insurance allows the policyholder to invest in separate accounts for potential g...
Marine insurance is a type of insurance that covers ships, cargo, and other watercraft against risks like theft, damage, and liability.
Marine insurance provides coverage for ships, boats, cargo, and other watercraft.
It protects against risks such as theft, damage, collisions, and liability.
There are different types of marine insurance policies, including hull insurance, cargo insurance, and liability insurance.
Marine i...
Different methods of calculating reserves include deterministic methods, probabilistic methods, and simulation models.
Deterministic methods involve using fixed values for input parameters to calculate reserves.
Probabilistic methods incorporate uncertainty by assigning probability distributions to input parameters.
Simulation models simulate multiple scenarios to estimate reserves based on different input assumptions.
I am extremely keen to learn new things and always strive to expand my knowledge and skills.
I actively seek out opportunities for professional development and training
I enjoy challenging myself with new projects and tasks
I am open to feedback and constructive criticism to improve my skills
I regularly attend workshops, seminars, and conferences to stay updated in my field
P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.
Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.
Approval: Risk of delays or errors in approval process causing delays in procurement.
Purchase Order: Risk of incorrect details or unauthorized purchases being made.
Goods Receipt: Risk of receiving damaged or incorrect goods,...
A ghost employee is a fictitious employee created by someone to embezzle funds from a company.
Ghost employees may have fake identities and bank accounts.
They may receive paychecks without actually working for the company.
To identify ghost employees, cross-check employee records with HR and payroll data.
Look for discrepancies in employee attendance, performance, and salary payments.
Conduct regular audits and reviews of ...
Perform various checks on purchase order data dump
Verify accuracy of vendor information
Check for duplicate PO numbers
Ensure correct pricing and quantities
Validate delivery dates
Confirm approval signatures
I applied via Job Fair
P2P process involves requisition, approval, purchase order, goods receipt, invoice receipt, and payment.
Requisition: Request for goods or services
Approval: Authorization of the requisition by appropriate personnel
Purchase Order: Formal document to the supplier specifying the details of the purchase
Goods Receipt: Verification of goods received matching the purchase order
Invoice Receipt: Receipt of invoice from the suppl...
Key risks identified in internal audit experience
Lack of segregation of duties leading to potential fraud
Inadequate controls over financial reporting
Insufficient IT security measures
Non-compliance with regulations and policies
Weaknesses in inventory management
Ghost employees can be identified by cross-referencing payroll records with HR records and conducting regular audits.
Cross-reference payroll records with HR records to identify discrepancies
Conduct regular audits of employee information and payroll to detect any anomalies
Implement strong internal controls and segregation of duties to prevent ghost employees
Use biometric verification or time-tracking systems to ensure e...
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
Requisition: Requesting the purchase of goods or services
Purchase Order: Formal document outlining the details of the purchase
Receipt of Goods/Services: Confirming delivery and quality
Invoice Processing: Verifying the invoice against the purchase order and receipt
Payment: Issuing payment to the vend...
I applied via Naukri.com and was interviewed in Jul 2023. There were 2 interview rounds.
posted on 14 Jan 2023
I applied via Company Website and was interviewed in Dec 2022. There were 2 interview rounds.
Node.js event loop architecture is a single-threaded, non-blocking, asynchronous I/O model.
Node.js uses an event-driven architecture to handle I/O operations.
The event loop is a single thread that listens for events and executes callbacks.
Callbacks are queued in the event loop and executed in a non-blocking manner.
Node.js uses libuv library to handle the event loop.
The event loop allows Node.js to handle a large number...
Closures are functions that have access to variables in their outer scope. Hoisting is the behavior of moving declarations to the top of the scope.
Closures allow for encapsulation and private variables in JavaScript.
Hoisting can lead to unexpected behavior when variables are declared after they are used.
Example of closure: function outer() { let x = 10; function inner() { console.log(x); } return inner; }
Example of hoi...
I applied via Recruitment Consulltant and was interviewed in May 2022. There were 4 interview rounds.
I have managed teams of various sizes and handled diverse job profiles in my previous companies.
Managed a team of 10 employees in Company A
Handled a team of 20 employees in Company B
Performed tasks such as project management, budgeting, and performance evaluations
Led cross-functional teams to successfully complete projects on time and within budget
Implemented process improvements to increase efficiency and productivity
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