Numerous laws and regulations govern financial institutions, and financial examiners ensure that banks remain compliant. They assess bank management and review all financial transactions. They also stay on top of balance sheets and evaluate loan risks.
The education and certification requirements vary depending on where your job opening is. Make certain to check with your local, state and federal government standards prior to writing your financial examiner job description so you can add any special education or certification above a bachelor’s degree.
Education and experience should include an accounting and finance background. Candidates should also be analytical and detail-oriented, as working with numbers requires attention to detail. Of course, advanced math skills are also crucial, and your candidates should have experience in writing reports. Review the financial examiner job description below for additional guidance.
Financial Examiner Job Summary
We are looking for a perfectionist. You must be a “math geek” who is ready, willing and able to dive into our customers’ books to ensure they are compliant with all local, state and federal financial regulations. You are a person who wants to streamline our clients’ financial process and see the smiles on their faces when your policies and procedures help them perform their jobs better. You have no trouble spending hours going through accounting reports to ensure everything is on the up and up. In fact, you thrive on making certain all operations and transactions are as they should be. Yes, you’re a numbers geek, and we want you to join our dynamic team and audit our clients.
- Investigate daily the operations and transactions of financial institutions to ensure compliance with all applicable laws and regulations
- Ensure client operations and financial outlook presents a business that is and will remain solvent within its industry, and research and resolve issues that may prevent financial solvency
- Report in writing any disciplinary action needed to proper authorities when investigation is complete
- Report in writing all findings of investigation to company and its client management, including an outline of legal and regulation compliance, financial solvency or lack thereof and questionable activities and their solutions; prepare supporting documentation for report
- Review client financial statements, including balance sheets, profit and loss statements, income and expense statements and loan documentation to confirm reported assets and liabilities are accurate as requested
- Review internal and external audit reports prepared by colleagues to confirm their accuracy and scope; confirm strengths and weaknesses in internal control measures as requested
- Problem-solve the financial problems of banking institutions, including the bank’s overall financial integrity, capital, earnings, investment portfolios and large accounts experiencing trouble as requested
Job Skills and Qualifications
- Bachelor’s degree in accounting or other finance-related field
- Willingness to participate in moderate on-the-job training
- Detail oriented
- Advanced analytical, communication, math and problem-solving skills
- Experience using financial compliance software, e.g. NILS InSource
- Previous auditing experience
- Previous accounting or bank experience
- Previous loan processing experience
Financial Examiner Job Responsibilities
The financial examiner job responsibilities section is your best tool for attracting the most talented professionals to your job opening. By implementing the best formatting strategies and including strong content, you can portray the position as hugely beneficial for candidates. As the longest section in your financial examiner job description, it should include between six and eight bullet points.
One of the best strategies for strengthening this section is to begin every bullet point with a strong action verb. This helps readers visualize themselves in the position, fulfilling their daily tasks. If you write this section properly, it can greatly increase the number of talented professionals that apply.
Use the following example entries to start writing your own financial examiner job description. It demonstrates several strong verbs that are specific to this position that you can use to further tailor your text to the opening.
- Monitor the financial situation of our establishment closely, reviewing balance sheets to gather information
- Create financial reports that include raw data, analyses and recommendations for improvement
- Analyze new policies and regulations to determine the financial impact they will have on continued business
- Evaluate the risk associated with approving specific loans, detailing the numbers associated with both options
Financial Examiner Job Specifications
Remember that your financial examiner job description should close with a job qualifications and skills section detailing attributes professionals need. While the responsibilities section should be extensive and thorough, the financial examiner job specifications should be brief and concise. This section is primarily designed to control the kinds of candidates who apply. The information found here is what prevents too many unqualified candidates from applying or keeps enough talented professionals applying.
The best way to format this section is to use two categories of qualifications: mandatory and preferred. By making it clear which qualities are deal-breakers and which are more lenient, you can effectively filter the submissions you receive. Your supervisor should be able to clarify which expectations fall into the categories. Education and professional experience is typically mandatory. On the other hand, soft skills and personal qualities or behavioral attributes are often only preferences. These excellent examples demonstrate what you should include in your financial examiner job description.
- Must hold bachelor’s degree in finance, business, accounting or other related field
- Master’s degree in related field preferred
- 2 years working experience in the finance department or as an accountant required
- Strong analysis and evaluation abilities
- Mathematically minded and skilled in making calculations