Certified Financial Examiner

NJ Department of Banking and Insurance; Trenton (NJ); On-site; USD 90,000 - 120,000; Full time

Job summary

NJ Department of Banking and Insurance seeks a senior examiner to lead examinations of state-chartered banks, consumer finance entities, and domestic insurers. You will supervise teams, review examination work papers, and ensure regulatory compliance and sound financial oversight.

Preferred candidates will have Safety and Soundness regulatory examination experience, CAMELS review skills, and strong written communication abilities.

Qualifications

• Nine years of professional experience in accounting and auditing of banks, consumer finance entities, or insurance companies.
• Experience reviewing examinations and work papers for completeness and accuracy.
• Strong writing and communication skills are required.

Responsibilities

• Lead and/or oversee bank or insurance examiners conducting examinations of state charter banks, consumer finance entities, or domestic insurers.
• Oversee review and evaluation of documents prepared on statutory accounting and GAAP basis.
• Regulate rates and rating plans and evaluate financial condition following examinations.

Skills

Regulatory examination experience

Writing and communication skills

Attention to accuracy

Education

Bachelor's degree with 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.