Certified Financial Examiner

NJ Department of Banking and Insurance; Trenton (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

The NJ Department of Banking and Insurance seeks a senior examiner who under general supervision can lead bank, consumer finance entities, or domestic insurer examinations, assessing regulatory compliance and financial soundness. The role includes reviewing reports, evaluating CAMELS components, and supervising examination work papers.

Preferred candidates have Safety and Soundness regulatory examination experience and strong writing/communication skills to document findings and oversee examiner

Qualifications

• Nine (9) years of professional experience in accounting/auditing for banks, consumer finance entities, or insurance.
• Alternative: bachelor's degree plus five (5) years of relevant experience with 21 credits in specified subjects.
• Appointees must hold CFA/CFEx/Examiners designation by recognized bodies.

Responsibilities

• Lead and/or oversee bank or insurance examinations of state chartered entities.
• Examine regulatory compliance, fiscal and operational soundness, rates and rating classifications.
• Review documents and reports prepared on statutory accounting and GAAP bases; supervise work papers.

Skills

Regulatory examination

Writing skills

Communication skills

Audit review

Education

Bachelor's degree

21 credits in accounting/statistics/finance/economics/banking/insurance

Job description

Under the general supervision of a supervisory official in the Department of Banking and Insurance, independently performs more complex tasks and may take the lead and/or oversee bank or insurance examiners conducting examinations of state charter banks, regulated consumer finance entities, or domestic insurers, examining regulatory compliance, fiscal and operational soundness, regulating rates and rating plans classification; oversees the review and evaluation of documents and other reports and statements prepared on both a statutory accounting and GAAP basis; does other related duties as required.

Preferred candidate should have Safety And Soundness regulatory examination experience. Specific experience in the following areas preferred:

• Reviewing of Reports of Examinations


• Reviewing of CAMELS components


• Evaluating financial condition as a follow-up to examination findings


• Proficiency in writing and communication skills


• Ability to review examination work papers for completeness and accuracy

REQUIREMENTS

Nine (9) years of professional experience in work involving accounting and auditing of the accounts and records or EDP systems of banks, consumer finance entitles, or insurance companies, including or supplemented by twenty-one (21) semester hour credits in accounting, statistics, finance, economics, banking, and/or insurance.

OR Possession of a bachelor's degree from an accredited college or university, including or supplemented by twenty-one (21) semester hour credits in accounting, statistics, finance, economics, banking, and/or insurance; and five (5) years of the above-mentioned professional experience.

Appointees must possess a Certified Financial Examiner designation by the Society of Financial Examiners, a Commissioned Bank Examiner designation by the Federal Deposit Insurance Corporation (FDIC), or a Certified Examiner-In-Charge or Certified Examinations Manager designation by the Conference of State Bank Supervisors.