FINANCIAL EXAMINER

8005A1

Pay Grade: 26

This is entry level examination work, which measures and evaluates the performance level and risk inherent in financial service provider institutions.

Work involves performing routine examinations while receiving an expanded range of assignments in a development capacity on limited complex examinations of banks, credit unions, savings and loan association, consumer credit lenders, mortgage brokers, or other financial institutions. This includes evaluating the safety and soundness of a bank, credit union, savings and loan association, consumer credit lender, mortgage broker, or other financial institution, including the assessment of risk management systems, financial condition, and compliance with applicable laws and regulations. This work also includes the evaluation of the institution’s ability to evaluate, identify, measure, monitor, and control risks.

Standard Classification Factors

Supervision Received -  LEVEL B: "Under general supervision..." Employees working under general supervision usually receive some instructions with respect to the details of most assignments but are free to develop their own work sequences within established procedures, methods and policies. They are often physically removed from their supervisor and subject to only periodic checks.

Difficulty - LEVEL B: Average - Where the employee is confronted with a variety of duties susceptible to different methods of solution, which, in turn, places a correspondingly higher demand upon resourcefulness and concentration. Positions, which require the analysis and evaluation of raw data and the rendering of conclusions would, in many instances, fall into this category.

Complexity - LEVEL C: Work is of a standardized nature that may involve a variety of duties. Analytical thought becomes more important at this level due to increased data and changing situations. Tasks usually have several steps, some of which may not be directly related. Alternatives may exist for processes or methods to be used in solving problems. Workers at this level exercise a moderate amount of independent judgment. Work is controlled by routine review and reporting to and through consultation with supervisors. When guidelines exist at this level, they tend to be more complicated or technical in nature requiring careful interpretation.

Consequences of Actions and Decisions - LEVEL C: Consequences of actions or decisions at this level are limited in scope and effect as the work is reviewed occasionally. Errors may cause moderate inefficiency. Costs due to errors may be significant.

Contacts - LEVEL B: The purpose of the contact is to plan, coordinate and advise on work efforts, interpret guidelines or instructions, elicit opinions or give guidance on the basis of facts to resolve common issues or problems when the information is not sensitive in nature or the individuals or groups are working toward mutual goals and have basically cooperative attitudes. Well-developed communication skills are required.

Physical Demands - LEVEL A: The work is predominantly sedentary and requires minimal or negligible physical exertion. The employee is normally seated; however, the nature of the work allows for periods of standing or walking at will.

Environmental Conditions - LEVEL A: The work environment involves normal everyday hazards or discomforts typical of offices, meeting and training rooms, or libraries. Comfortable levels of temperature, ventilation, lighting and sound are inherent in the work environment. Exposure to deviations from pleasant environmental conditions is only occasional. The likelihood of injury is remote.

Supervision/Leadership - LEVEL A: No supervisory or leadership responsibility; may explain work instructions or assist in training others.

Distinguishing Features

Differs from the Financial Examiner Senior class in which the incumbents serve as lead workers of a small group of examiners reviewing complex operations of financial institutions. Incumbents also perform an expanding range of examination assignments in a developing capacity by assisting more experienced examiners in more serious, intensive, or otherwise specialized examinations of all sizes of financial institutions.

EXAMPLES OF WORK PERFORMED

Determines the accuracy and completeness of transactions in the institution’s daily statements. Performs an analysis of the institution’s income and expense accounts. Verifies supporting documents. Reviews and analyzes the Loan Loss Reserve account to verify compliance with State and Federal regulatory guidelines for an adequate reserve.

Analyzes the financial service provider’s position in regards to liquidity, dependency, and sensitivity to market risk. Critiques the financial service provider’s funds management policy/plan and interest rate sensitivity philosophy.

Discusses the financial institution’s practices, policies, and monitoring with the institution’s management.

Conducts the analysis and presents findings and recommendations to the Examiner-in-Charge regarding any assigned investigation or research. Develops, documents, and presents the results of these findings and the supporting documents with recommendations of action to the Examiner-in-Charge.

Evaluates the financial institution’s securities holdings and determines financial risks. Assesses interest rate sensitivity.

Reviews the institution’s compliance with State and Federal disclosure requirements, law, rules and regulations, and audit procedures and reports findings to the Examiner-in-Charge.

Reviews and determines the quality of the institution’s primary earning assets, generally all types of loans, as it relates to credit underwriting and administration, servicing, laws and regulations, and inherent risk.

*Knowledge of accounting and auditing principles, practices, and standards.

*Knowledge of generally accepted accounting principles (GAAP), practices, and standards.

*Knowledge of procedures, practices, and records normally employed in financial operations.

*Knowledge of financial reports and statements.

*Knowledge of business computer hardware and software, including, but not limited to: Word, Excel, and Windows.

*Ability to perform detailed work involving financial and numerical data; make mathematical computations with speed and accuracy.

*Ability to analyze and interpret financial report information and to take the appropriate corrective action.

*Ability to establish and maintain effective working relationships and communication with co-workers, representatives of other state and federal agencies and financial service provider institutions.

*Ability to organize and clearly express information in concise written form.

*Ability to use calculators, personal computers and application software.

*Necessary at Entry

Bachelor’s degree in business, finance, accounting or a closely related field as determined by the agency. Experience may be substituted for education as determined relevant by the agency.

NC: 09/01
REV: 7/03
REV: 08/05
REV: 06/08
REV: 06/10