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.
Life As a Financial Examiner: What Do They Do?
- Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
- Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
- Provide regulatory compliance training to employees.
- Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
- Train other examiners in the financial examination process.
- Prepare reports, exhibits and other supporting schedules that detail an institution’s safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
Things a Financial Examiner Should Know How to Do
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.
Related Job Titles for this Occupation:
- Regulatory Analyst
- Bank Compliance Officer
- Pension Examiner
- Compliance Officer
- Principal Examiner
Financial Examiner Employment Estimates
In 2016, there was an estimated number of 52,500 jobs in the United States for Financial Examiner. 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. Due to new job openings and attrition, there will be an average of 4,600 job openings in this field each year.
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.
What is the Average Salary of a Financial Examiner
The salary for Financial Examiners ranges between about $42,150 and $154,590 a year.
Financial Examiners who work in District of Columbia, Connecticut, or New York, make the highest salaries.
How much do Financial Examiners make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$157,860|
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
- Microsoft Windows
- Microsoft Project
- Spreadsheet software
- Microsoft Visio
- Microsoft SharePoint
- Structured query language SQL
- Presentation software
- Financial compliance software
- Auditing software
How do I Become a Financial Examiner?
Individuals working as a Financial Examiner have obtained the following education levels:
How Long Does it Take to Become a Financial Examiner?
Where Financial Examiners Are Employed
Financial Examiners work in the following industries:
You May Also Be Interested In…
Those interested in being a Financial Examiner may also be interested in:
- Administrative Law Judges, Adjudicators, and Hearing Officers
- Claims Examiners, Property and Casualty Insurance
Career changers with experience as a Financial Examiner sometimes find work in one of the following fields:
More about our data sources and methodologies.
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