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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.

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.

  • 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.

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.

What is the Average Salary of a Financial Examiner

The salary for Financial Examiners ranges between about $42,150 and $154,590 a year.

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 each U.S. state?

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

How do I Become a Financial Examiner?

Individuals working as a Financial Examiner have obtained the following education levels:

Financial Examiner Degree Level

How Long Does it Take to Become a Financial Examiner?

Financial Examiner Work Experience

Where Financial Examiners Are Employed

Financial Examiner Sectors

Financial Examiners work in the following industries:

Financial Examiner Industries

You May Also Be Interested In…

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

Career changers with experience as a Financial Examiner sometimes find work in one of the following fields:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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