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All About Financial Examiners

Job Description: 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.

What Do Financial Examiners Do On a Daily Basis?

  • Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
  • Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.
  • Plan, supervise, and review work of assigned subordinates.
  • Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
  • Direct and participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants and consultants to gather information and discuss findings.
  • Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.

What a Financial Examiner Should Know

Below is a list of the skills most Financial Examiners say are important on the job.

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.

  • Financial Investigator
  • Senior Examiner
  • Director of Securities and Real Estate
  • Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer)
  • Compliance Manager

Job Opportunities for Financial Examiners

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. The BLS estimates 4,600 yearly job openings in this field.

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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.

Average Financial Examiners Salary

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

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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

Tools & Technologies Used by Financial Examiners

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?

Learn what Financial Examiner education requirements there are.

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How many years of work experience do I need?

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Where Financial Examiners Work

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The table below shows the approximate number of Financial Examiners employed by various industries.

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Similar Careers

Those thinking about becoming a Financial Examiner might also be interested in the following careers:

Those who work as a Financial Examiner sometimes switch careers to one of these choices:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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