Financial Institutions Examiner - Entry
Financial Institutions Examiner - Entry
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Job Description
ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS
The Department of Insurance and Financial Institutions licenses monitors investigates examines and ensures the safety and soundness of regulated entities. The Department also helps resolve consumer complaints against financial-services and insurance entities; takes action in response to violations of law; encourages competition innovation and economic development; collects taxes and assessments that support State government operations; combats auto theft and insurance fraud through public awareness campaigns and funding for law enforcement and dedicated prosecutors.
Our mission is to help Arizonans receive the benefits and protections to which they are legally entitled by enforcing insurance and financial institution laws and by providing information and assistance and to combat vehicle theft.
FINANCIAL INSTITUTIONS EXAMINER - ENTRY
100 North 15th Avenue
Phoenix Arizona 85007
Annual Salary Range: $53000 - $57200
Grade: 21
This position will remain posted September 2 2025
At the entry level of the Financial Institution Examiner series those in this position learn to apply and follow procedures techniques rules and regulations.
Individual positions study financial operating and insurance or security product information to determine what it means and how it fits together in order to get practical solutions in terms of determining financial soundness assessment.
Individual positions draft reports of examination for less complex institutions and perform entry level examinations of financial institutions to ensure compliance with laws and regulations.
Works under close supervision of a higher-level examiner or supervisor examiner who assigns work.
Work is frequently reviewed for accuracy and adherence to standards and guidelines.
Examine accounting and other records and methods of operation for compliance with laws and regulations governing activities of financial investment enterprises or institutions and prepare reports of examination
Verify entries and analyze general ledger accounts of Banks and Banks Holding Companies. Evaluate and verify portfolio reconcile correspondence bank accounts and review operational controls. Assist with asset evaluation. Prepare papers schedules statistics and portions of the examination report as assigned including recommendation for action
Assist in assigning the Capital adequacy Asset quality Management competence Earning power and Liquidity (CAMEL) rating for the financial institution
Evaluate policies procedures and practices of financial institutions and provides guidance and recommendations to improve operating practices and service in the public interest
Examine computer products to ensure safe and sound processing of records acceptable processing procedures and compliance and institution standards and policies
Assist in preparing documentation to ensure safety and soundness evaluation is in compliance with applicable laws and regulations
Verify trust assets with the general ledger and conformity with trust document requirements and federal and State laws
Investigate basic complaints lodged against licensed entities by applying statutes to case-specific facts
Other duties as assigned as related to the position
Knowledge:
Federal and State laws rules regulations policies and procedures as they pertain to financial institutions administration
Financial Institution examining practices obtained through on-the-job training and through prescribed training courses
Generally accepted and regulatory accounting practices and principles and examination procedures
Computerized products used in examining and accounting systems and use ofmicrocomputers
Evaluation procedures techniques and reporting
Skills:
Use personal computers software applications and computerized products in accomplishing examinations
Interpret complex laws rules and regulations pertaining to financial institutions
Apply auditing and accounting methods and techniques
Learn state government operations
Oral and written communications
Interpersonal relationships
Ability:
Excellent oral and written communication skills to provide conclusions and work products to other examiners and financial licensee managers
Interpersonal skills to work well in a team environment and to interact with staff and management at various financial Institutions
Be able to travel with overnight stays away from home base
Prefer Bachelors Degree in Accounting or experience/education in banking finance or compliance
Experience in examination or investigative work related to Financial Institutions
Experience inreporting financial data
Employees who drive on state business are subject to driver license record checks required to maintain acceptable driving records and complete any required driver training (see Arizona Administrative Code R.11)
Requires possession of and ability to retain a current valid state-issued driver license appropriate to the assignment
If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business then the following requirements apply:Drivers License Requirements.
The State of Arizona offers a comprehensive benefits package to include:
Optional employee benefits include short-term disability insurance deferred compensation plans and supplemental life insurance
Life insurance and long-term disability insurance
Vacation plus 10 paid holidays per year
Health and dental insurance
Retirement plan
Sick leave
Learn more about the Paid Parental Leave pilot programhere. For a complete list of benefits provided by The State of Arizona please visit our benefits page
Positions in this classification participate in the Arizona State Retirement System (ASRS)
Please note that enrollment eligibility will become effective after 27 weeks of employment
If you have any questions please feel free to contact Debbie Muhlestein at
Employment Type
Full-Time
