5 Questions to Ask When Screening Finance Professionals
It takes a lot of hard work to get qualified finance job candidates for interviews. This, however, is not always your toughest task as a recruiter. If the interview process by finance recruiters lacks strategic thought, they’re likely to miss out on valuable insights on candidates, eventually leading to wastage of time, money, and resources, in the long run. Posing specific questions, on the other hand, helps to uncover the passions, problem-solving abilities, and work-ethics of potential finance hires. In this post, we list five questions you must ask when screening finance professionals. Let’s take a look.
1. What methods have you used for estimating bad debt?
This question can open a complete conversation that will reveal the candidate’s level of understanding of the methods most commonly used and could also open dialogue on how your company handles the issue.
2.What is your experience in creating business metrics?
Somewhat general, this question can turn out to be helpful in evaluating entry-level financial analyst candidates who aspire to grab a role in staff oversight responsibilities.
3.What challenges have you faced leading a team through an analysis project?
This question is specifically designed to probe leadership skills in a candidate. It is another interview question that helps you explore the particularities of the opening and the candidate’s background. The answer to this question determines the level of critical thinking skills.
4.Which ERP (enterprise resource planning) have you been using?
Most finance professionals, especially the ones working in small and large scale organizations, should ideally have an answer to this question. The response to this question may include Microsoft Dynamics GP, Oracle Enterprise Manager, or Hyperion. For entry-level candidates, you may also continue with the discussions of future training possibilities and certifications. The ways through which the candidate learned the application of the tools and the specific applications your company uses will determine if the candidate requires specific training.
5.If our company receives $10 million investment, how would you strategize to spend or invest this money?
This question falls in the category of situational interview techniques. It is a useful tactic in understanding a candidate’s ability to think and critically analyze through a scenario that is usually faced in a senior role. The applicant’s response clearly indicates if the approach is in alignment with the existing team.
Last Few Words
Hiring is a high-stakes endeavor. Bringing the wrong candidates onboard may turn out to be a costly mistake to the company, which is why it is always important to have a strategy for hiring the right candidates. If you are looking for financial service recruitment agencies in Dallas, with a long, trustworthy track record, Delta Dallas is the name. For more details on how we can assist with your hiring requirements, fill out our contact form. You can also call us at (972) 362-9552.