Financial Institution Examiner

State of Michigan; Michigan; Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

Health benefits

Retirement benefits

Vision benefits

Dental benefits

Training opportunities

Job summary

State of Michigan is seeking a Financial Institution Examiner to monitor and evaluate the financial condition of insurance entities across the state. The role involves working with company leadership to ensure safe and sound operations and advising on regulatory compliance.

The position requires traveling to diverse locations, effective communication, and the ability to analyze complex statutes and policy forms.

Qualifications

• Willingness to travel for examinations, training opportunities, and conferences.
• Ability to analyze complex statutes, policy forms, and translate into consumer-friendly formats.
• Strong written and oral communication abilities.
• Good professional judgment and decision-making under dynamic, high-tech environments.

Responsibilities

• Monitor and examine the financial condition of Michigan insurance companies.
• Meet with management, boards of directors, and industry professionals to provide guidance.
• Evaluate compliance with state and federal regulations; encourage sound business practices.
• Answer questions and communicate findings clearly to stakeholders.
• Collaborate with colleagues and management to solve problems and improve processes.

Skills

Travel readiness

Communication skills

Analytical thinking

Team collaboration

Independent work

Education

Bachelor's in business with core curriculum

Job description

The Department of Insurance and Financial Services (DIFS) is seeking an individual to work in public service as a Financial Institution Examiner in the Office of Insurance Evaluation. This position is an opportunity to build a lifelong career doing work that truly matters - helping to protect consumers and maintain public confidence in Michigan’s insurance and financial services industries.

The right candidate will serve an important role in Michigan’s insurance sector by ensuring insurance companies provide safe, sound, and reliable financial services to consumers. As a Financial Institution Examiner, you will be responsible for monitoring and examining the condition of insurance companies in Michigan. Examiners regularly meet with management teams, boards of directors, and industry professionals to provide guidance, evaluate compliance with state and federal regulations, answer questions, and encourage sound business practices.

For the specific position description, please click here: Financial Institution Examiner 9-P11

Ideal candidates will have:

• The drive to serve the people of the State of Michigan and make a difference in an important role that supports Michigan individuals and businesses.
• The desire to travel to diverse work locations for examinations, training opportunities, and conferences.
• The ability to thrive in a dynamic, collaborative, and high-tech environment while demonstrating sound professional judgement and decision‑making.
• A curious and analytical mind capable of analyzing complex statutes, policy forms, and converting this information into an easy to understand, consumer friendly format.
• The ability to communicate clearly, concisely, and effectively both orally and in writing.
• The desire to work closely with colleagues and management to solve problems.
• The ability to work well both independently and within a team

Other job features:

• Participation in webinars, conference calls, and employee development training.
• DIFS is looking for a team member who has an interest in helping others, who wants to learn and grow as a professional, and who wants to enjoy all the exciting things life in Michigan has to offer.
• The State of Michigan has been named as one of America’s Best Employers For New Grads 2026.
• This position provides competitive pay, retirement, health, vision, and dental benefits.

The "Salary" listed above is a range that reflects the minimum rate at the entry 9 level through the maximum rate at the experienced 11 level. Based on education and experience, candidates will be reviewed to determine the level for which they qualify.

Work Location:This is a hybrid position located primarily in Southeast Michigan. In‑state travel, including overnight, and some out‑of‑state travel for training is required. You will perform portions of examinations at the offices of insurance entities across the state and complete assignments at your official workstation (i.e., home) or our office in Lansing, Michigan.

Work must be performed in Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this position. Relocation expenses are not reimbursed.

If you hold an active license issued by the Department of Insurance and Financial Services (DIFS), please note that it is considered a conflict of interest for DIFS employees to hold active licenses in the industries we regulate. If an offer of employment is made and accepted, it is required that DIFS issued license(s) held by the candidate will be surrendered.

An "official college transcript" must contain the college/university name and address, the degree conferred and date granted, coursework completed, and the Registrar's signature and/or seal. A scanned or electronic copy is acceptable, as long as it contains the elements listed above. The college/university does not have to send the transcripts directly to DIFS.

Failure to attach the requested documents may result in your application being screened out.

The use of artificial intelligence (AI) software of any kind is prohibited in all areas of the selection process; including, but not limited to, responses to application questions, and responses to interview questions or exercises. Any applicant that is suspected of using AI software for any portion of the selection process may be screened out.

DIFS is a Gold‑Level Veteran‑Friendly Employer, committed to recruiting, training, and retaining veterans and their spouses.

Education

Possession of a bachelor's degree with a business major including completion of a business core curriculum consisting of one course each in finance, law, and management, one course in either marketing or economics, and 6 semester (9 term) credits in accounting.

Experience

No specific type or amount is required.

Financial Institution Examiner 9

No specific type or amount is required.

Financial Institution Examiner 10

One year of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non‑depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner 9.

Financial Institution Examiner 11

Two years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non‑depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner 10.

Financial Institution Examiner 9

Possession of a bachelor's degree in any major AND Two years of an equivalent type of professional financial institution or insurance industry experience.Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

Financial Institution Examiner 10

Possession of a bachelor's degree in any major AND One year of professional experience as a financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out‑of‑state financial or insurance regulatory agencies; OR Three years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

Financial Institution Examiner P11

Possession of a bachelor's degree in any major AND Two years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out‑of‑state financial or insurance regulatory agencies; OR Four years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

View the entire job specification at: https://www.michigan.gov/mdcs/-/media/Project/Websites/mdcs/JOBSPECS/F/FinancialInstitutionsExaminer.pdf