Financial Examiner

Financial Examiner

Job Description – Financial Examiner

A financial examiner ensures that banks and financial institutions comply with the laws and regulations that govern them. He or she also makes certain financial and real estate transactions are in compliance with laws and regulations.

What Financial Examiner’s Do?

– investigating activities of institutions
– keeping up-to-date on new, proposed, or revised laws, regulations, policies and procedures
– supervising subordinates, including assigning and reviewing work assigned to them
– advising institutions about actions they should take to ensure their compliance with laws and regulations, or to protect their solvency
– preparing reports that detail an institution’s safety and soundness and compliance with laws and regulations
– reviewing institutions’ financial records including balance sheets, operating income and expense accounts, and loan documentation

Employment Facts

There were 27,000 financial examiners employed in the U.S. in 2008.

Educational Requirements

Bachelor’s degree in accounting or a related field.

Other Requirements

Certification requirements for financial examiners vary by state.

Job Outlook – Financial Examiner

The job outlook for financial examiners is excellent. This occupation is projected to experience faster growth, through 2018, than other occupations requiring a bachelor’s degree (The U.S. Bureau of Labor Statistics).

Earnings – Financial Examiner

Financial examiners earned a median annual salary of $71,750 (U.S., 2009).

FURTHER INFORMATION

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