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Financial Examiner

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What is a Financial Examiner?

Financial Examiner Example 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.

List of Financial Examiner Job Duties

  • Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
  • Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
  • Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
  • 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.
  • Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
  • Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.

What Every Financial Examiner Should Know

These are the skills Financial Examiners say are the most useful in their careers:

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.

Types of Financial Examiner

  • Compliance Vice President
  • Compliance Manager
  • Internal Auditor
  • Chief Bank Examiner
  • Home Mortgage Disclosure Act Specialist (HMDA Specialist)

Job Opportunities for Financial Examiners

In the United States, there were 52,500 jobs for Financial Examiner in 2016. 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.

Forecasted Number of Jobs for Financial Examiners in U.S.

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.

Financial Examiner Average Salary

The typical yearly salary for Financial Examiners is somewhere between $42,150 and $154,590.

Salary Ranges for Financial Examiners

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

How much do Financial Examiners make in different U.S. states?

State Annual Mean Salary
Alabama $59,910
Alaska $71,830
Arizona $61,710
Arkansas $70,640
California $108,740
Colorado $82,380
Connecticut $108,520
Delaware $85,610
District of Columbia $157,860
Florida $85,580
Georgia $106,870
Hawaii $64,380
Idaho $74,390
Illinois $102,690
Indiana $74,140
Iowa $65,410
Kansas $74,360
Kentucky $64,400
Louisiana $100,420
Maine $66,720
Maryland $77,440
Massachusetts $107,840
Michigan $81,270
Minnesota $91,530
Mississippi $81,800
Missouri $73,870
Montana $70,180
Nebraska $71,790
Nevada $67,820
New Hampshire $91,330
New Jersey $109,100
New Mexico $84,370
New York $115,980
North Carolina $71,310
North Dakota $75,770
Ohio $78,540
Oklahoma $70,250
Oregon $67,980
Pennsylvania $91,850
Rhode Island $89,470
South Carolina $65,720
South Dakota $86,920
Tennessee $83,170
Texas $84,350
Utah $71,220
Vermont $76,670
Virginia $80,700
Washington $95,910
West Virginia $68,940
Wisconsin $76,680

What Tools do Financial Examiners Use?

Below is a list of the types of tools and technologies that Financial Examiners may use on a daily basis:

  • 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

Becoming a Financial Examiner

Learn what Financial Examiner education requirements there are.

Financial Examiner Degree Level

How Long Does it Take to Become a Financial Examiner?

Financial Examiner Work Experience

Where do Financial Examiners Work?

Financial Examiner Sectors

The table below shows some of the most common industries where those employed in this career field work.

Financial Examiner Industries

Those interested in being a Financial Examiner may also be interested in:

Are you already one of the many Financial Examiner in the United States? If you’re thinking about changing careers, these fields are worth exploring:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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