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UHY Hacker Young LLP Interview
Questions

27 Questions and Answers by
| Ryan has over 10 years of experience interviewing
candidates in the healthcare, public service, and private manufacturing/distribution industries.

Question 1 of 27

In what ways would our clients here at UHY Hacker Young LLP benefit from your knowledge and services?

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UHY Hacker Young LLP Interview Questions

  1. 1.

    In what ways would our clients here at UHY Hacker Young LLP benefit from your knowledge and services?

      This question is your chance to talk about the unique skills and knowledge that you would bring to UHY Hacker Young LLP and that is exactly what your interviewer is looking to hear. In your answer, keep your focus centered on how clients of the organization will benefit from the things that you bring to their table because UHY Hacker Young LLP is client focused in all that they do. To be effective with this answer, be sure to do your research on the clients at UHY Hacker Young LLP and think about how your experience will be beneficial for them.

      Ryan's Answer

      "As you can see from my resume, I have extensive experience in risk management in the healthcare industry. Having worked with some major players in the industry, your healthcare clients would benefit the most from the experience and solutions I could help provide them. Not to leave other industries out, I think my experience in the healthcare realm will also translate nicely to your clients in other areas of the private sector."

      Ryan's Answer

      "Having worked in accounting and tax law in a few different industries during my career to this point, I also have the unique experience of creating new organizational policies and procedures in my current role. In hearing more about this role, I think this experience would be very beneficial for your clients as I would be helping advise them in their practices and creating new policy would be crucial in that process."

  2. 2.

    An often difficult part about working for UHY Hacker Young LLP and our clients is the need to be fluent and adaptable to the cultures of our clients. Why would you say that you'd be able to handle this aspect of the job with ease?

      In the business consulting world, organizations work with clients that all have different backgrounds, leadership styles, cultures, industries and motivating factors. Consultants hired to come in to these organizations have to possess a chameleon-like ability to ingrain themselves in a new company's culture. For you to be successful in the role that you are interviewing for, you must possess this same ability. In your answer to this question, be sure to point out your fluidity to adapt to new situation in your work by giving an example or two of a time you had to do this to give your interviewer a sense of your ability to be flexible with clients.

      Ryan's Answer

      "During my career to this point, I've been very fortunate to say that I've worked for one employer for over ten years and the experience that I've gained with them is a huge asset to me personally. But even though all of my relevant work experience is with the same employer, I've worked under six different department managers during my time there and each person had their own unique management style and expectations of me. As well, my organization has undergone three mergers in my time there and each merger brought a new and bigger organization to light with new values and culture. Whether it was a manager change or an organization change, I always prioritized openness and asking questions to get to know new processes better. I would bring this approach with each and every new client that I would work with in this role."

      Ryan's Answer

      "I would liken this role as a Client Manager to working with my customers in my current job. I approach each new customer with an open slated mind while getting to know their motivations, their needs and their expectations of me to help me get a better understanding of how I can best suit them. If hired for this position working with your clients here at UHY Hacker Young LLP, this approach would be vital because of the variety of businesses and industries that I would be working with."

  3. 3.

    If hired here at UHY Hacker Young LLP to work with our clients on wealth management strategies, what would you consider to be your preferred wealth management strategies?

      While this is certainly a very open ended question that you can run with, your interviewer will be looking to hear that you are passionate about creating strategies for your clients in your answer. No matter how you answer the question, speak with knowledge and passion and always tie your answer back to doing what is best for your clients based on their situation.

      Ryan's Answer

      "Having guided many previous clients on very successful wealth management strategies, those successes have always relied upon setting goals and creating budgets that guide people towards those goals. I take the time to know and understand my clients, their short and long-term goals and guide them through setting realistic goals and plans for achieving those goals. Along our journey together, I consistently evaluate progress towards goals and reevaluate budgets if ever needed down the road."

      Ryan's Answer

      "I would consider my forte in the field to be wealth preservation for late career individuals nearing retirement. I have a lot of experience in creating wills and estate plans, career exit planning and cash flow planning post-retirement for my clients. While I consider this my forte, I also love to work with individuals early and mid-career as well."

  4. 4.

    As a consultant here at UHY Hacker Young LLP, you will have the opportunity to work with many accounting departments on tax filing for their business. When called upon, how would you go about verifying the accuracy of an accounting department?

      No matter the size of the business and their accounting department, human error can lead to costly mistakes down the road if accuracy is not verified on the financial statements and books of a company that you would be consulting in this role. In your answer, talk specifically about your methods for verifying data entry and make it clear to your interviewer that this a step that you do not take lightly or overlook.

      Ryan's Answer

      "In any tax consulting project, data verification and sampling is of utmost importance to me and a step I would ensure happens with every client here at UHY Hacker Young LLP. Depending on the accounting and finance department's books and how they are kept, my data verification could be as simple as printing documents and verifying samples against filed information or running the data verification through a program. I have extensive experience running both methods of data verification and wouldn't hesitate to use either with the clients here."

      Ryan's Answer

      "I fully realize that my work in advising businesses on their tax filings comes down to verifying their income statements, balance sheet and cash flow statements. To verify, I would have to work with leaders in reconciling their financial statements with bank records, credit card statement, invoices, receipts and any other documents that show physical proof on financial statements. Realizing that this can sometimes be a difficult task with businesses that don't keep accurate records, have segregated finance departments or multiple physical locations, I would leave no stone unturned in this initial verification process with your clients."

  5. 5.

    At UHY Hacker Young LLP, we expect our accounting professionals to be adaptable to working with clients across many different businesses and industries. Why would you say that you have the ability to adapt your knowledge and skills across different indus

      Throughout your career up to this point, you may have experience that falls within one specific industry or your experience could span across many different industries. Your interview has a very good sense of your background based on your resume, so they're ideally looking to hear you explain how your experience can be applied to accounting departments across all different businesses and industries that you'll potentially be working with in this role. Prior to your interview, be sure to do your homework on UHY Hacker Young LLP and their clients and be able to talk about your ability to work with those clients effectively.

      Ryan's Answer

      "As you can see from my resume, I have spent time working in both health care and manufacturing and I believe that the 15 years spent between both of these industries have prepared me to consult in any industry here at UHY Hacker Young LLP. When I look at something like raw materials for an organization, amounts of materials can vary and what is considered a raw material can vary across each industry. But, all businesses and industries have to account for raw materials on-hand on their books. These same principles apply across all aspects of the accounting processes anywhere."

      Ryan's Answer

      "Looking to make this move and work for UHY Hacker Young LLP, I certainly know where my strengths and weaknesses fall in the accounting world. Having worked in both the legal industry and the wholesale industry, I have a very strong background in accounts receivable and inventory control. While my weakness right now, based on my experience, would be raw assets, I would take the time to get refocused and educated in those areas if hired for this position."

  6. 6.

    Talk about a time that you successfully educated another individual or group in your area of expertise. What made your educational experience effective?

      The role that you are interviewing for with UHY Hacker Young LLP will likely involve providing education to clients in your area of expertise. For this question, your interviewer will be looking to hear that you are comfortable and effective in providing education by having you talk about a time that you have done so. In the example that you provide, try to point out some key items to making business education successful like developing a plan/goals, respecting differing viewpoints/opinions, making it hands on and making it fun.

      Ryan's Answer

      "Probably the aspect that I love the most about my current job is being the lead for training new hires into our department. Because of my years of experience and my innate ability to effectively orientate new employees, my director asked me to take this duty about four years ago. My approach with any new hire is to customize their training based on their knowledge and experience so the training is effective for them. What works for one person may not work for another and I always need to be fluid with this. I also prioritize the need to make orientation and training a hands on experience for the new hire because classroom learning can only take a person so far in the learning process."

      Ryan's Answer

      "As you can see from my resume, I've spent the last seven years working in the corporate tax field. While in this job, I worked very independently for a private organization, so I've been out of the training and education side for a while now. During my first job out of college as a CPA though, I was very adept at providing education to the clients that I worked with on a daily basis. What I learned in that experience was the importance of putting material out there in a manner that the person being trained understood. As well, talking to clients and understanding my client's wants and needs were very important for me to be able to best educate them. I really believe that these skills would enable me to hit the ground running with UHY Hacker Young LLP and your clients would benefit greatly."

  7. 7.

    If you are hired for this position here at UHY Hacker Young LLP, what do you think the biggest hurdle for you would be from the start?

      For this question, you can showcase your research that you've done on both UHY Hacker Young LLP and the role you are interviewing for by being upfront and honest about what you feel would be the biggest learning curve for you if hired for the position and giving your plan for how you would approach this hurdle. In your answer, make sure that you highlight your skills and abilities in making a molehill out of a mountain on your way to success in this role.

      Ryan's Answer

      "As you can see from my resume, most of my career experience is in the food industry. If fortunate enough to be hired for this position, the biggest area for learning for me would be the finance side of other industries like technology, telecommunications and healthcare. From day one, I would begin by thoroughly research the clients here at UHY Hacker Young LLP and speaking with as many industry experts that I know through business networking. While learning the ins and outs of other industries is the biggest learning curve for me, I see it as a great opportunity for me to become more proficient and effective in the work that I'd be doing for you."

      Ryan's Answer

      "While this may sound funny to you at first, I think the biggest challenge for me from the start will be adapting to the great corporate lifestyle and culture here at UHY Hacker Young LLP. When I saw this position being open for applicants and I did my research, I was extremely excited to hear about the flexibility and openness to the ideas of your staff members. I've been working for six years in an environment that is very opposite of an open culture for new ideas and for me personally, it will feel foreign for me to bring new ideas to the team here and have them be accepted."

  8. 8.

    What would you do in a situation where you just didn't have all of the information you needed from a client? What would be the steps that you took in ensuring you had all of the information possible in creating a financial analysis for a client?

      Consulting with clients at UHY Hacker Young LLP will likely put you in a situation where you need to put on your investigative detective hat and do some extra digging to be able to provide great results to a client. For this question, talk about your interpersonal skills with your ability to work with others when needed. As well, talk about your ability to research and understand different financial statements and software programs to get the information that you need to solve a problem.

      Ryan's Answer

      "Through my experience in working in corporate finance across many industries during my career, I am confident in my ability to troubleshoot issues I may have along the way when working with new clients. If I ever came across this situation when on a project with a client, I would start be using my best judgement and analytical skills to search for the information on my own in financial statements and accounting software of the client. If I was still left scratching my head, I wouldn't hesitate to sit down with employees in the finance department or leaders of the organization to pull the information that I would need."

  9. 9.

    Give an example of a time that you brought an innovation to an accounting practice for an organization. What was your motivation to do this?

      With this being a pretty open ended question, your interviewer is allowing you to have the opportunity to showcase your ability to think creatively and outside the box when it comes to your accounting experience. Whether you implemented a new technology or developed new processes to work more efficiently, make sure that your interviewer walks away knowing that you are an innovator in your work.

      Ryan's Answer

      "Two years ago, I led the charge for my organization to integrate all of our systems together. Of course selfishly, my intent was to positively impact our accounting department by integrating our CRM and ERP systems into our accounting system. After walking through a stringent request for proposal process where we looked at many different vendors, a new interactive system was chosen that every department in the organization could work off of. To this day, we are still seeing the benefits in sales, production and finance. While struggles certainly happened at first with implementing new systems, the small headaches were well worth the benefits we are seeing now."

      Ryan's Answer

      "When I took my current position six years ago, I began leading a finance department ten people. At that time, my employees were what I considered to be jacks of all trades, but masters of none as they were all doing different accounting and finance tasks with the departments that they worked directly with. Within a couple of months as the manager, it was easy to see that different processes among my employees were causing major troubles. Immediately, I created new job descriptions and placed my staff into task specific roles within the finance department. There were struggles with staff learning to work with new departments at first, but a focused work effort for each individual made our department much more fluent and efficient for our internal and external customers."

  10. 10.

    Here at UHY Hacker Young LLP, we are often brought in to consult with clients on ensuring accounting accuracy in their practices. What tricks, tips and tools will you be able to bring to our clients to help them ensure accuracy?

      In looking to join UHY Hacker Young LLP as an accounting expert, their clients will be looking to you to help alter their accounting practices to ensure the best accuracy possible. While there are many ways you can answer this question, ensure that your interviewer walks away knowing that you can bring a unique expertise to the team at UHY Hacker Young LLP by highlighting some ways that you've helped businesses become more accurate in their accounting practices in your past. As always, keep an open mind to perfecting your craft and learning new things along the way as well.

      Ryan's Answer

      "As you can see from my resume, I have experience working in accounting in health care, manufacturing and the public sector. While all of these industries brought their own accounting nuances and expertise required, I've learned many great things along the way to help ensure that accounting departments are as accurate and efficient as possible. One top priority I always work on with clients is accounts receivable and making sure that AR is as up to date as possible. Outside of cash and bank accounts, AR is the bread and butter of finance for a company that is selling goods or services and many companies don't put enough time and energy into balancing their AR."

      Ryan's Answer

      "In my experience, accuracy in accounting practices comes down to control in the aspect of who has final say in financial statements for an organization. At times throughout my career, I have witnessed high level leaders be too involved in the final financial statements for organizations and truth may have been bent at times to inflate the performance of the company. To combat this, I firmly believe in clearly outlining all accounting processes within an organization and segmenting specific duties within an accounting department to different individuals. This tactic has worked great with many departments I have worked with and I'd look forward to working on this with your clients."

  11. 11.

    Being successful in consulting and working here at UHY Hacker Young LLP requires the ability to work effectively with Type A personalities. What are your experiences in working with this personality and how did you make the relationships a success?

      To first understand this question, it is important that you know that Type A personalities are exemplified by being competitive, motivated, organized and goal driven, among many other traits. These traits often lead to success in high level roles within organizations and your chances of working with this personality type are high. Think of a time you worked with a typical Type A personality and explain the methods you used to ensure that you had a sound and successful working relationship. Make sure that your interview walks away knowing that you can work effectively with difficultly driven individuals with high expectations.

      Ryan's Answer

      "For the last six years, I have worked under your prototypical type A personality as my director. Being a self admitted type B, being under my new director was difficult at first. For me to be successful under her and for our relationship to flourish, I learned quickly that she liked me to regularly communicate timelines for projects and give updates when necessary as she was very time driven. As well, small talk and getting to know me personally wasn't a priority so our communications to this day are pretty succinct and to the point. In this role, I would feel very comfortable with working with high level type A's because of my firsthand experience."

      Ryan's Answer

      "If you haven't been able to tell during my interview so far, I am a type A personality myself. My personality has helped me become very successful as a Financial Analyst. Having had formal training in the different personality types, I know that I need to take a meticulous approach when working with other type A personalities. My current team is loaded with type A's and regular communication is key in ensuring that expectations are clear and timelines are being met. If hired for this position, I would know my place in working with leaders from clients and I can easily be both cognizant of my approach and have the ability to put my desire to be in the lead aside with them when needed."

  12. 12.

    How do you define working capital and why is it important for our clients here at UHY Hacker Young LLP to take this into consideration when evaluating their finances?

      While it will be important for you to explain your knowledge of working capital, your interviewer will really be looking to hear your thoughts on why it is important for clients to consider as part of financial decision making processes. Give an overview of your personal thoughts on the importance of considering working capital while hitting on its ability to maximize an organizations efficiency and profitability.

      Ryan's Answer

      "While working capital is pretty simple in that is simply defined as an organization's current assets minus their current liabilities, many companies fail to see the importance in these simple numbers. My goal with clients here at UHY Hacker Young LLP would be to work them toward a positive working capital ratio as that allows them to have the finances on hand to grow and prosper in to the future."

      Ryan's Answer

      "Working capital essentially tells me as a financial analyst about the organizations ability to meet financial obligations in the coming years and their ability to grow prosperously into the future. With accurate financial statements, subtracting liabilities from assets shows the overall health of the finances of an organizations and their ultimate direction for the future. I have a lot of great experience helping turn around organizations that have a negative working capital into a position position in a short amount of time. The clients here at UHY Hacker Young LLP could benefit greatly from that work into the future."

  13. 13.

    What logical steps would you take following an internal audit process with our clients here at UHY Hacker Young LLP?

      If hired for this position, your work as an auditor with UHY Hacker Young LLP doesn't end when the audit is done. Clients expect follow-up in the form of written reporting. Talk about your ability to write a follow-up report clearly and concisely and do so in a timely manner. To really have an impact on your interviewer, talk about how these steps in your work would hopefully make a repeat client out of those that you work with.

      Ryan's Answer

      "Through my time working with different financial auditors, the follow-up to an audit is often overlooked as most people look to move onto the next project. In reality, clients look for the follow up report to learn and grow from their audit experience and this is a part of the process that I take great pride in. My writing skills are tailored to be to the point and clear in my findings. Without having my head get too bogged down in other work, I write and submit reports to leadership in a very timely manner following the completion of an audit."

  14. 14.

    What would be the initial steps that you would take when evaluating the financial situation for a client of UHY Hacker Young LLP?

      If hired for this position with UHY Hacker Young LLP, you will be expected to be a trusted financial advisor for very high profile clients. Based on your experience, talk about how you begin the process of discovering the needs of your clients. No matter how you answer the question, be sure to highlight your ability to listen to others, ask follow up questions and put those thoughts into action. The position you are interviewing for relies on a heavy dose of trust with your clients, so any of your techniques used to build rapport and trust with your clients is equally important as well.

      Ryan's Answer

      "As an experienced wealth planner and financial advisor, my first goal with new clients is to build trust right from our first meeting together. I take a little bit of time to talk about my knowledge, experience and my ultimate goals for any client. From there, I open the door for clients to talk about their situation and their future goals. I listen to them attentively and reflectively listen to their thoughts to truly understand their needs. Once I have this solid base of where they want to be, I can craft a solid plan for them. As you can see, I submitted several professional references from clients that I have served in the past and they would all be willing to talk about my ability to provide a trusting service to them."

      Ryan's Answer

      "If hired for this position and given the opportunity to work with clients on their financial planning needs, my first step with new clients would be to have a Q&A session where I can learn about their history, their finances and their plans for the future. The Q&A session would allow the client to ask questions of me as well. At the end of the initial session together, a foundation of trust is built and I let my excellent customer service and knowledge lead the rest of the way with the client."

  15. 15.

    A key component to success here at UHY Hacker Young LLP is building solid relationships with new clients. How do you effectively get to know new people and lay the groundwork for a long lasting relationship?

      The fast paced world of business consulting requires the ability to build relationship after relationship with all of the clients that you will potentially be working with. For this question, your interviewer will be looking to gain insight into how you build relationships with new people from the first time you interact with them. In your answer, talk about how you gain and build trust with new people and explain how the little things in your initial interactions go a long way toward building long lasting working relationships.

      Ryan's Answer

      "I am a firm believer that success in any role I've played in my career was due in part to the relationships that I've built in those roles. Whenever I have the chance to work with a new colleague or a new customer, my approach is to create an initial connection with them to build trust. After that point, my interpersonal skills take over through active listening. I use my listening skills to learn about the motivating factors and needs of the person that I will be working with and this helps mold that respect and trust between us even more. I think this approach would be very critical in working with new clients on a regular basis here at UHY Hacker Young LLP and I'd love the opportunity to bring these skills to the table for you."

  16. 16.

    Would you say that you are a goal oriented person on the job? Why would you say that?

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  17. 17.

    What steps would you take in creating a new audit process for a client here at UHY Hacker Young LLP?

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  18. 18.

    Working with our clients here at UHY Hacker Young LLP often involves some initial conflict with our clients. How would you rate your ability to handle conflict or disagreements in the workplace?

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  19. 19.

    If a client you were working with here at UHY Hacker Young LLP purchased a large asset, how would you explain to them the impact of that purchase on their financial statements?

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  20. 20.

    How do you feel that your education and career to this point has prepared you to work in the international tax realm here at UHY Hacker Young LLP?

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  21. 21.

    How do you keep up to speed on changing trends and laws in the financial planning field?

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  22. 22.

    Do you have any experience in financial modeling? What skills in financial modeling could you bring to the clients here at UHY Hacker Young LLP?

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  23. 23.

    At UHY Hacker Young LLP, our clients look to us to help find new and creative ways to save tax dollars. Have you ever had a unique situation where you helped an organization save tax dollars through your work and insight?

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  24. 24.

    At UHY Hacker Young LLP, you will have the opportunity to work with high level executives and leaders from the companies we contract with. What experience do you have in working with people at these levels?

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  25. 25.

    With some of our clients here at UHY Hacker Young LLP being hesitant to run an internal audit, what points would you use to sell them on the importance of conducting an internal audit?

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  26. 26.

    As we work with clients on assessing potentials mergers and/or acquisition, valuation is an important skills to possess. How would you go about placing a value on an organization for a client?

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  27. 27.

    Which accounting platforms are you familiar working with?

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