Finance Manager Mock Interview
Master 25 Finance Manager interview questions covering budgeting, forecasting, and financial leadership.
Question 22 of 25
Identify a time when you made a mistake and the actions you took to correct it.
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Brian Schuchart is a CPA and Senior Finance Business Partner. His professional experience includes senior management roles with NBC Sports, Virtual Health, and the Children's Hospital of Philadephia.
Everyone makes mistakes, so don't be tempted to say you don't! This is a good opportunity to show that you don't let a bad situation become worse. It is an opportunity to speak to your honor and integrity.
Brian Schuchart is a CPA and Senior Finance Business Partner. His professional experience includes senior management roles with NBC Sports, Virtual Health, and the Children's Hospital of Philadephia.
"One time in my Financial Analyst role I noticed I had made an error in a calculation that impacted the monthly financial reporting package. The financial package had already been distributed to the leadership team. I was embarrassed, but I knew the situation would be made worse if I waited or failed to say anything. I told the Finance Director what had happened, and we agreed that it was best if I made the correction and then redistribute the package. It ended up not being a huge deal, but it drove me to review my work even more thoroughly before distributing to others."
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I have overspent on one activity without getting prior written approval from the donor, and that resulted in the expenditure being disallowed by the donor. My current employer had to refund that amount to the donor. After that, I developed a budget monitoring tool that logs all the requisition forms and gives the purchasing department the amount available per activity.
Chad's Feedback
Your example demonstrates the ability to own your errors, learn from your mistakes, and take action to avoid repeating the same error. Excellent job!
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