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Interview Topics

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17 views

Interview Topics

Uploaded by

inigocampbel
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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You need to master these topics to crack the interview.

 What is Credit?
 What is Credit Risk?
 Who is a Loan Underwriter/ Credit Assessor?
 Mathematical calculation questions based on Simple interest. Calculate ratios
 What are the 5 C's of credit and what do each of them mean? Examples. Very
important. This is a mandatory qualifier questions
 How is secured product different from unsecured product. Different products
offered (Which C doesn’t apply)
 Loan to value ratio (LVR) with example. What is a good LVR? If I have a property
worth 200,000, I take 100,000 loan, so my LTV is 50% (Principal loan amount/
Property value)
 Debt to income ratio (DTI) with example. Components considered to calculate
DTI. (Monthly payments towards debt/ monthly income)
 Uncommitted monthly income (UMI) and the components considered to arrive at
the UMI? income which is leftover, after paying to the household expenses,
liabilities and commitments (Monthly income – Monthly expenses)
 Understanding customer financial position (assets, liabilities, income, expense,
etc.,) and its applicability while assessing loans
 How does a basic payslip look like in Australia? Please do some research – emp
name , abn no, superannuation, base, gross (Valid payslips or not)
 What is the importance of ABN number in Australia?
 Different types of employment in Australia?
 Different Pay period in Australia– weekly, fortnight, monthly
 What is the Australian financial year? – July 1st – June 30th
 What is base income? – regular income which is agreed by employer (fixed
income)
 What is gross income? – fixed income + variable pay (OT, bonus, allowance,
incentives)
 What is YTD income? – year to date What is Year to date (YTD) income? gross
is everything prior to tax , net is post tax or in hand money
 What is overtime, commission and bonus and how are these different from base
pay?
 What are the most common documents used to calculate income in Australia?
– customer financial Statement position – Assest , liabilities, Income & expense
 What are the necessary documents required to assess a loan? kYC, credit
history (cibil), salary slip, form 16. ITR, application form (fully filled & KYC),
Salaried emp (payslips, ITR, Notice of assessment, title search – check if ppt is
in name of the customer ), business customer or self-employed (business
statement, cashflow, accountant letter, company ITR)

Other Topics to be covered:


 About ANZ
 About the role
 Employee benefits provided by ANZ
 Selection process
 Our expectations (joining timeline, academics etc)

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