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Veritas Finance Area Receivables Manager Interview Questions and Answers

Updated 7 Dec 2023

Veritas Finance Area Receivables Manager Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Dec 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
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Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
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Round 2 - HR 

(5 Questions)

  • Q1. Regarding something yourself
  • Q2. Why you want to join in this company
  • Q3. What is future of collection department
  • Ans. 

    The future of the collection department is evolving with advancements in technology and data analytics.

    • Advancements in technology will automate and streamline collection processes.

    • Data analytics will enable more accurate and targeted collection strategies.

    • Artificial intelligence and machine learning will assist in predicting customer behavior and optimizing collection efforts.

    • Integration of digital platforms and online...

  • Answered by AI
  • Q4. Process of collection from customer
  • Ans. 

    The process of collection from customers involves several steps to ensure timely payment.

    • Establishing clear payment terms and conditions with customers

    • Sending invoices promptly and accurately

    • Following up with customers on overdue payments

    • Negotiating payment plans or settlements if necessary

    • Escalating collection efforts through legal action if all other attempts fail

  • Answered by AI
  • Q5. Whether collection is a crucial part of business or not
  • Ans. 

    Yes, collection is a crucial part of business.

    • Collection is essential for maintaining cash flow and ensuring the financial stability of a business.

    • It helps in recovering outstanding debts and reducing bad debt expenses.

    • Effective collection practices can improve the overall profitability of a company.

    • Timely collection of payments also enhances the credibility and reputation of the business.

    • Collection strategies may incl...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Talented job seeker must try in corporate carreer

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Can speak English, can’t deliver in interviews
I feel like I can't speak fluently during interviews. I do know english well and use it daily to communicate, but the moment I'm in an interview, I just get stuck. since it's not my first language, I struggle to express what I actually feel. I know the answer in my head, but I just can’t deliver it properly at that moment. Please guide me
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Interview questions from similar companies

I applied via Company Website and was interviewed before Jun 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. About my portfolio and communication skill in pitching products

Interview Preparation Tips

Interview preparation tips for other job seekers - Speak bold motivated and practical

Area Receivables Manager Interview Questions Asked at Other Companies

Q1. How you manage and tackle with strategic kind of customers ?? Wil ... read more
Q2. How do you handle pressure in the BFSI sector?
Q3. Is collection a crucial part of business?
Q4. What is your expected CTC?
Q5. What is the future of the collection department?

I applied via Referral and was interviewed in Dec 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. 1.my present job role
  • Ans. 

    I am currently working as a Senior Relationship Manager at XYZ Bank.

    • Managing a portfolio of high net worth clients

    • Providing personalized financial advice and solutions

    • Building and maintaining strong relationships with clients

    • Meeting sales targets and revenue goals

    • Leading a team of Relationship Managers

    • Analyzing market trends and competitor activities

    • Developing and implementing strategies to increase market share

  • Answered by AI
  • Q2. 2.product specific knowledge
  • Q3. Planning for new assignment
  • Ans. 

    Planning for a new assignment

    • Identify the objectives and goals of the new assignment

    • Create a detailed timeline and action plan

    • Allocate resources and assign responsibilities

    • Monitor progress and make necessary adjustments

    • Communicate and collaborate with team members

    • Evaluate the success of the assignment

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - be specific about your answer

Interview Questionnaire 

2 Questions

  • Q1. What is important to increase the business ?
  • Ans. 

    To increase business, it is important to focus on customer satisfaction, marketing strategies, and employee training.

    • Prioritize customer satisfaction by providing excellent service and addressing their needs

    • Implement effective marketing strategies to attract new customers and retain existing ones

    • Invest in employee training and development to enhance productivity and customer experience

    • Analyze market trends and competit...

  • Answered by AI
  • Q2. How much achievement will you give to the company?

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't be panic by the questions of the requiter, always be confident and give proper and clear answer. Always be loyal with your profession and boss, every person teach us a lesson which called job experience.

I applied via Naukri.com and was interviewed before Oct 2019. There were 6 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Can you do gold valuation?
  • Q2. Which carat can we accept for gold loan?
  • Ans. 

    We can accept gold loans of any carat.

    • We accept gold loans of all carats, including 24 carat, 22 carat, 18 carat, etc.

    • The carat of gold determines its purity, with 24 carat being the purest form.

    • Different carats of gold have different levels of purity and value.

    • We assess the value of the gold based on its carat and weight.

    • Customers can avail gold loans regardless of the carat of their gold.

  • Answered by AI
  • Q3. Do you know hallmarks?
  • Ans. 

    Yes, hallmarks are distinctive characteristics or features that are used to identify or recognize something.

    • Hallmarks are often used in the context of identifying or recognizing the quality, authenticity, or origin of a product or item.

    • In the jewelry industry, hallmarks are small marks or stamps on precious metal items that indicate the metal's purity or quality.

    • In the legal field, hallmarks can refer to significant or...

  • Answered by AI
  • Q4. How will you do team management for gold loan marketing?
  • Ans. 

    I will ensure effective communication, set clear goals, provide training and support, and recognize and reward achievements.

    • Regular team meetings to discuss progress and challenges

    • Setting individual and team targets and monitoring progress

    • Providing training and support to team members to improve their skills

    • Recognizing and rewarding achievements to motivate the team

    • Encouraging teamwork and collaboration among team memb...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Knowledge needed about gold loan and process

I applied via Referral and was interviewed before Dec 2019. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. How to canvas gold loans and other products
  • Ans. 

    To canvas gold loans and other products, we need to identify potential customers and offer them personalized solutions.

    • Identify potential customers through market research and customer profiling

    • Offer personalized solutions based on their needs and preferences

    • Leverage existing customer base for referrals and word-of-mouth marketing

    • Use digital marketing channels to reach a wider audience

    • Train and motivate sales team to e...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good

I applied via Referral and was interviewed before Feb 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Knowledge about team management
  • Q2. About gold loan

Interview Preparation Tips

Interview preparation tips for other job seekers - take some information about company product and specially gold loan
Are these interview questions helpful?

I applied via Walk-in and was interviewed before Apr 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

After Joining confirmation

Round 2 - Common interview 

(1 Question)

  • Q1. Normal credit norms and policy
  • Ans. 

    Normal credit norms and policy refer to the standard guidelines followed by a company while extending credit to its customers.

    • Credit limit is set based on the customer's creditworthiness

    • Payment terms are agreed upon between the company and the customer

    • Late payment fees and interest rates are charged for delayed payments

    • Credit checks are conducted before extending credit to new customers

    • Credit policies are reviewed peri...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good company and attractive salary and incentive.

I applied via Recruitment Consultant and was interviewed in Nov 2019. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About My Self , My Last Company Job profile , About Team Management And Working Style etc.

Interview Preparation Tips

Interview preparation tips for other job seekers - I wanna say that if are confident about yourself and about your job role then you can crack any type of interview without any reference or jack.

I applied via Naukri.com and was interviewed in Dec 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Questions about experience ,gold checking, branch exposure and team handling

Interview Preparation Tips

Interview preparation tips for other job seekers - All interview taken through VC it was great experience

Veritas Finance Interview FAQs

How many rounds are there in Veritas Finance Area Receivables Manager interview?
Veritas Finance interview process usually has 2 rounds. The most common rounds in the Veritas Finance interview process are Resume Shortlist and HR.
What are the top questions asked in Veritas Finance Area Receivables Manager interview?

Some of the top questions asked at the Veritas Finance Area Receivables Manager interview -

  1. whether collection is a crucial part of business or ...read more
  2. what is future of collection departm...read more
  3. process of collection from custo...read more

Tell us how to improve this page.

Overall Interview Experience Rating

5/5

based on 1 interview experience

Difficulty level

Moderate 100%

Duration

Less than 2 weeks 100%
View more

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Veritas Finance Area Receivables Manager Salary
based on 6 salaries
₹4.8 L/yr - ₹8.5 L/yr
30% less than the average Area Receivables Manager Salary in India
View more details

Veritas Finance Area Receivables Manager Reviews and Ratings

based on 7 reviews

3.6/5

Rating in categories

3.2

Skill development

3.7

Work-life balance

3.8

Salary

3.1

Job security

3.0

Company culture

3.5

Promotions

3.2

Work satisfaction

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