As you prepare to interview a financial analyst for your company, you need to prepare some tough questions to ask the candidates. These questions should challenge the candidates and also help them exhibit their knowledge and experience within the industry. The last thing you want to do is hire a candidate who is less than stellar when it comes to the financial world. We will discuss the best questions to ask a financial analyst candidate in this post.
What do you want to learn from this position?
One of the first questions you must ask a candidate is what they want to learn from the position should they be hired. This is an important question because you will be able to gauge the interest of the candidate and what they already know about the industry and the job.
Describe a time when you had to meet a deadline, but failed to do so.
This is more of a request than a question, but it is still very important to discuss with the candidate. You need to discuss this subject so you can find out how honest the candidate is and whether or not they were able to handle the adversity that was presented to them by the missed deadline.
Have you ever made a bad financial decision?
Another important question you should ask every candidate is if they have ever made a bad financial decision during their career. You do not need to base your hiring decision solely on the answer to this question, but it should be taken into consideration. You should follow up by asking the candidate what they learned from the mistake.
What are financial models?
Any good interviewer knows that a financial analyst candidate must be asked this question. If they cannot answer this question immediately and explicitly, then they might not be the right person for the job.
More Important Questions to Ask:
– What is the importance of a monthly sales report?
– How does a company calculate its monthly cash flow?
– What programs do you use to create graphs, charts, and spreadsheets for data?
– How do you monitor industry development?
– How do you handle a financial analysis project?
– What types of profitability models do you use?
-Which profitability model do you think is best and why?
As you can see, when interviewing financial analyst candidates, the questions you ask should be challenging. This will help you gauge their experience within the industry and whether or not they are a strong fit for your company.