Financial Institution Examiner (-044)

Austin Community College; Lansing (MI); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Competitive pay

Health benefits

Retirement plan

Professional development opportunities

Job summary

A leading educational institution in Michigan seeks a Financial Institution Examiner to oversee the condition of insurance companies and ensure compliance with regulations. This role requires a bachelor's degree, strong analytical skills, and the ability to communicate effectively. The position offers competitive pay and benefits, with opportunities for professional development and a dynamic work environment.

Qualifications

• Bachelor's degree with core business courses including finance, law, and management.
• Experience as a Financial Institution Examiner at various levels is advantageous.

Responsibilities

• Monitor and examine the condition of insurance companies in Michigan.
• Evaluate compliance with state and federal regulations.
• Provide guidance to management and Boards of Directors.

Skills

Analytical skills

Effective communication

Decision-making

Problem-solving

Education

Bachelor's degree with business major

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 ideal candidate will have (or will serve as) 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 professionals associated with the industry to provide guidance, evaluate compliance with state and federal regulations, answer questions, and encourage sound business practices.

• The drive to serve Michiganders and make a difference in an important role that supports Michigan individuals and businesses.
• 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 financial performance, identifying and assessing risk, developing solutions, and supporting conclusions.
• 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 is interested in helping others, wants to learn and grow as a professional, and wants to enjoy all the exciting things life in Michigan has to offer.
• The State of Michigan has been recognized as a leading U.S. employer by new graduates from 2021‑2023 and a best large U.S. and state employer. Recognized on the international stage for fostering positive employee engagement, the State of Michigan is a past recipient of a North America Government Agency Employees Engagement Award.
• This position provides competitive pay, retirement, health, vision, and dental benefits.

NOTE - Your application for any position does not guarantee that you will be contacted by the Department/Agency for further consideration. Only those applicants interviewed will be notified of the results.

Work Location: This is an in‑person position based in Lansing, Michigan, with the possibility for a hybrid work schedule where you would work from home up to three days per week, following a training period if approved.

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.

Please submit a cover letter, resume, writing sample, and copy of official transcripts.

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, if 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.

Required Education and Experience

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

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.

Alternate Education and Experience

Financial Institution Examiner 9

• Possession of a bachelor's degree in any major.
• 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.
• 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.
• 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.

Accommodations

If you require a reasonable accommodation to participate in the application or selection processes, please contact the ADA coordinator for the agency that posted this position vacancy.