What They Do:

Financial examiners ensure compliance with laws that govern institutions handling monetary transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.

Why It's Important:

A financial advisor in the insurance industry is going to make sure that the company is handling all of their money properly, and that all monies are being put in the right place. This is important in the event of an audit. The financial examiner should be keeping track of things so when an audit does happen the insurance company is prepared. 

Typical Duties:

  • Monitor the condition of banks and other financial institutions

  • Review balance sheets, operating income and expense accounts, and loan documentation to confirm an institution's assets and liabilities

  • Prepare reports that detail an institution’s safety and soundness

  • Examine the minutes of meetings of managers and directors

  • Train other examiners in the financial examination process

  • Review and analyze new regulations and policies to determine their impact on an institution

  • Establish guidelines for procedures and policies that comply with new and revised regulations

Important Skills:

  • Math Skills

  • Analytical Skills

  • Detailed Oriented

  • Writing Skills

Salary Range

The median annual wage: $81,090

The lowest 10% ~ $43,500

The highest 10% ~ $158,200

Professional Designations:

Certified Public Accountants CPA

Accredited Financial Examiner AFE

Certified Financial Examiner CFE

Automated Examination Specialist AES

Society of Financial Examiners SOFE

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