Financial Examiners

Course Advisor; United States; On-site; USD 42,150 - 154,590; Full time

Job summary

Course Advisor seeks a Financial Examiner to ensure compliance with laws governing financial institutions. Responsibilities include planning and supervising examinations, verifying cash reserves, and providing training. Ideal candidates will have strong analytical skills and utilize various tools like Microsoft Excel and SQL. The average salary for Financial Examiners in the U.S. ranges from $42,150 to $154,590, with opportunities for job growth in various states.

Qualifications

• Understanding written sentences and paragraphs in work-related documents.
• Giving full attention to what others are saying and asking questions.
• Using logic to identify strengths and weaknesses of solutions.

Responsibilities

• Plan, supervise, and review work of assigned subordinates.
• Direct meetings with stakeholders to gather information.
• Verify and inspect cash reserves and securities.

Skills

Reading Comprehension

Active Listening

Critical Thinking

Active Learning

Writing

Speaking

Tools

Microsoft Excel

Microsoft Word

Microsoft Office

Microsoft PowerPoint

Web browser software

SAP

SQL

Job description

What is a Financial Examiner?

Financial Examiner Definition Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

What Do Financial Examiners Do On a Daily Basis?

• Plan, supervise, and review work of assigned subordinates.
• Direct and participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants and consultants to gather information and discuss findings.
• Train other examiners in the financial examination process.
• Review applications for mergers, acquisitions, establishment of new institutions, acceptance in Federal Reserve System, or registration of securities sales to determine their public interest value and conformance to regulations, and recommend acceptance or rejection.
• Verify and inspect cash reserves, assigned collateral, and bank‑owned securities to check internal control procedures.
• Provide regulatory compliance training to employees.

Financial Examiner Needed Skills

Below is a list of the skills most Financial Examiners say are important on the job.

• Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
• Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Active Learning: Understanding the implications of new information for both current and future problem‑solving and decision‑making.
• Writing: Communicating effectively in writing as appropriate for the needs of the audience.
• Speaking: Talking to others to convey information effectively.

Related Job Titles

• Community Reinvestment Act Officer (CRA Officer)
• Treasury Analyst
• Payroll Examiner
• Compliance Officer
• Senior Examiner

Financial Examiner Job Outlook

In 2016, there was an estimated number of 52,500 jobs in the United States for Financial Examiner. New jobs are being produced at a rate of 9.7%, which is above the national average. The Bureau of Labor Statistics predicts 5,100 new jobs for Financial Examiner by 2026. The BLS estimates 4,600 yearly job openings in this field.

The states with the most job growth for Financial Examiner are Arizona, Florida, and Idaho. Watch out if you plan on working in Wyoming, Mississippi, or Maryland. These states have the worst job growth for this type of profession.

How Much Does a Financial Examiner Make?

The average yearly salary of a Financial Examiner ranges between $42,150 and $154,590.

Financial Examiners who work in District of Columbia, Connecticut, or New York, make the highest salaries.

What Tools do Financial Examiners Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Financial Examiners:

• Microsoft Excel
• Microsoft Word
• Microsoft Office
• Microsoft PowerPoint
• Microsoft Outlook
• Web browser software
• Microsoft Access
• Word processing software
• SAP
• Microsoft Windows
• Microsoft Project
• Spreadsheet software
• Microsoft Visio
• Microsoft SharePoint
• Structured query language SQL
• LexisNexis
• Presentation software
• Westlaw
• Financial compliance software
• Auditing software