Got an interview coming up where you’re applying for the role of a REO (Real Estate Owned) Manager? Don’t sweat it! Here you can find some of the most often asked REO (Real Estate Owned) Manager interview questions as well as some examples of how to answer. Read on!
What experience do you have as a REO (Real Estate Owned) Manager?
A straightforward question that requires an honest answer – list experience you have as it pertains to the position you’re applying for. What happens if you don’t have any experience? By thinking about the question ahead of time, you can have a reply at your fingertips. In this way, you can turn a simple ‘no’ into an opportunity to demonstrate your awareness of related skillsets.
Answer Sample:
I believe that in order to be an effective x you really require a great deal of y. In college, I worked with z for 2 years and really belive I gained a strong sense of what its like to succeed in x
What are some of major challenges the accounting industry faces looking ahead? How will it impact the role of REO (Real Estate Owned) Manager?
To be certain, a wide range of answers are acceptable here. AI, automation, and inexpensive labor are all interesting items to bring up. Regardless of your answer, be sure to have something to backup your responses.
Answer Sample:
Its hard to know for sure with industry factors such as x and y changing so many things – all I can say is that Im excited for the challenges that come with that
How do you minimize the risk for errors in your work?
Hey, no one is perfect – but when it comes to accounting & finance, perfection in numbers is expected. While you may be a caped crusader with superhuman error-free work skills, your interviewer won’t buy it. What they’re looking for here is some sort of system of checks and balances.
Answer Sample:
While it sounds quirky, Ive developed my own system for QA that I call the x – its bailed me out more times than I can remember!
Tell me about a time you used numbers to tell an effective story?
Numbers don’t lie. While it may be the epitomy of ‘nerdery’, story telling through data is a critical skill for those in the financial profession. Most accountants and financial professionals are doing this on a daily basis, but try and illustrate the impact of what you provided.
Answer Sample:
In a recent client meeting, by clearly visualizing some key figures we were able to save them $10s of thousands in tax payable.
Has there ever been a time you were required to deliver critical feedback?
We all love praise, and we all dislike hearing our work criticized. Any competent interviewer in the accounting profession understands that mistakes happen. The interviewer here is looking for one thing in particular: how you reacted in the situation. Was there ownership of a mistake, or deflection? By showing your cool in the reaction itself, you demonstrate leadership characteristics that employers love.
Answer Sample:
No one likes these situations, but Ive found that dealing with it factually and without predjudice tends to be the best approach
Would those that know you describe you as a detail oriented person? Why might they describe you that way?
The devil is in the details – and even more so with accounting! You’d be hard pressed to find any job in the accounting & finance industry where being detail oriented isn’t a major requirement. Here, your interviewer is looking for examples.
Answer Sample:
A careful review of x revealed that y and z were out of order, ultimately preventing a costly audit
Which online tools, cloud software, or other accounting specific platforms are you familiar with?
These days, your mastery of accounting software is practically expected. In the event that you don’t have experience with popular software, familiarize yourself with industry standards ahead of time. Do some research and investigate new platforms or recent developments in the software field.
Answer Sample:
The bulk of my experience lies with the x platform, but Im fascinated with some of what the y system is capable of
Regarding culture, what environment do you feel you do your best work in?
Work culture is huge and for good reason these days. It’s more than simply ‘the way things are done’, it’s how things are done and why. You’ll want to be careful here, indicating that you are able to thrive in a variety of work enviornments.
Answer Sample:
I succeed when given clear, consise direction and find a balance of solo effort and working alongside a team is when Im most productive
What made you leave your last job – and why are you choosing us?
An innocent question, but deadly if answered improperly. Your need for better pay or indicating that your ‘old boss was an idiot’ may leave your interviewer with the wrong impression of you. Even if you were subject to downsizing or let go for other reasons, keep it short and concise, and avoid drama regardless of how tempting it may be.
Answer Sample:
It was time for me to move on, and I feel as though I am ready for a new challenge