8006A1

Pay Grade: 29

This is intermediate financial examination work, which measures and evaluates the performance and level of risk inherent in a financial institution.

Work involves serving as a lead examiner or an Examiner-in-Charge on examinations of limited complexity while receiving an expanded range of advanced examination assignments in a development capacity on more complex or specialized examinations of banks, credit unions, savings and loan association, consumer credit lenders, mortgage brokers, or other financial institution. This includes, guiding complex examination operations, assisting other regulatory agencies in the examination process, and assisting small or large groups of examiners in more serious or specialized examinations. Work also includes analyzing and reviewing the condition of capital, assets, management, earnings, liquidity, and sensitivity to market risk within the institution, and preparing a report of examination. 

Standard Classification Factors

Supervision Received - LEVEL D: "Under general direction..." Employees at this level are usually in charge of a large and important organizational unit. They plan and carry out assignments with little supervision. They report regularly to a superior, usually by means of occasional conferences, to discuss work progress or new problems, which require advice from above. This designation will pertain to classes with a high order of independence.

Difficulty - LEVEL C: Considerable - Duties that require a high degree of concentration because of the many factors, which must be considered and weighed before a decision can be reached. Usually positions that require planning, developing, and coordinating programs and directing fairly large groups of people fall into this category.

Complexity - LEVEL D: Work is of a diversified nature that usually involves multiple, unrelated steps. Analytical thought is necessary for dealing with complex data and situations. Work often involves a variety of unrelated processes and may require planning or carrying out a sequence of actions or both. Several alternatives usually exist at this level for approaching problems or situations. Workers at this level exercise a considerable amount of independent judgment. Work is controlled by occasional review and by reporting to or consultation with supervisors or superiors. When guidelines exist at this level, they are usually broadly defined or technical requiring careful analysis and interpretation.

Consequences of Actions and Decisions - LEVEL C: Consequences of actions or decisions at this level are limited in scope and effect as the work is reviewed occasionally. Errors may cause moderate inefficiency. Costs due to errors may be significant.

Contacts - LEVEL C: The purpose of the contact is to influence, motivate, conduct interviews, make formal presentations or counsel to achieve common understanding or solutions to problems when the information is sensitive in nature or the individuals or groups are skeptical or uncooperative. Communication techniques and well-developed communication skills become an important requirement at this level.

Physical Demands - LEVEL A: The work is predominantly sedentary and requires minimal or negligible physical exertion. The employee is normally seated; however, the nature of the work allows for periods of standing or walking at will.

Environmental Conditions - LEVEL A: The work environment involves normal everyday hazards or discomforts typical of offices, meeting and training rooms, or libraries. Comfortable levels of temperature, ventilation, lighting and sound are inherent in the work environment. Exposure to deviations from pleasant environmental conditions is only occasional. The likelihood of injury is remote.

Supervision/Leadership - LEVEL B: Involves functional leadership responsibility. As a "senior worker", performing essentially the same or similar work as those overseen, responsibility includes training, instructing, scheduling, and reviewing. As a "project leader" may be responsible for a phase(s) of a single project which includes planning, coordinating, and reviewing the work of others. This level may also involve limited administrative responsibility such as participating in the evaluation of work performance.

Differs from the Financial Examiner class in which the incumbents are performing routine examinations and receiving an expanded range of assignments in a development capacity to serve as a lead examiner or an Examiner-in-Charge on limited complex examinations. Incumbents at this level usually receive a general outline of the work to be performed and are free to develop their own sequences and methods within the scope of established policies.

Differs from the Financial Examiner Principal class in which the incumbents are performing/completing advanced examination work, as a review examiner, an applications examiner, or an assistant to the Financial Examiner Administrator or other administrative officer.

Serves as a lead worker by planning and reviewing work of Financial Examiner to ensure a comprehensive analysis is performed. Assists and consults others in reference to findings. Evaluates findings and presents to the institution’s board with recommendations of action.

Performs an expanding range of examination assignments in a developing capacity by assisting higher-level more experienced examiners in more serious, intensive, or otherwise specialized examinations of all sizes of financial service institutions.

Reviews the historical condition of the institution as a lead examiner or Examiner-in-Charge, to determine areas, which were to receive the institution’s prompt corrective attention, and establish specific examination criteria pertaining to the review of past weaknesses.

Evaluates the financial institution’s capital, assets, management, earnings, liquidity, and sensitivity to market risk and determines compliance with applicable State and federal policy, laws, and regulations, as they relate to the institution’s safety and soundness.

Discusses the financial institution’s practices, policies, and monitoring with the institution’s management.

Evaluates management’s ability to monitor these policies and procedures and discusses any deficiencies with the Board of Directors.

Identifies regulatory violations and recommends corrective actions to the financial institution. Informs financial institution of corrections to be taken. Evaluates corrective action to ensure the condition has been remedied.

Evaluates management’s expertise in credit underwriting and loan administration practices, and their ability to identify, resolve, or anticipate problem, earning assets.

REQUIRED KNOWLEDGE, ABILITIES, AND SKILLS

Knowledge

*Knowledge of accounting and auditing principles, practices, and standards.

*Knowledge of generally accepted accounting principles (GAAP), practices, and standards.

*Knowledge of State and Federal Law, Financial Accounting Standards Board, and rules and regulations related to all categories of financial service providers.

*Knowledge of procedures, practices, and records normally employed in financial operations.

*Knowledge of financial reports and statements.

*Knowledge of business computer hardware and software, including, but not limited to: Word, Excel, and Windows.

*Ability to perform detailed work involving financial and numerical data; make mathematical computations with speed and accuracy.

*Ability to analyze and interpret financial report information and to take the appropriate corrective action.

*Ability to prepare and analyze financial statements and reports from the examination of accounts and to develop sound criticisms and recommendations.

*Ability to organize and clearly express information in concise written form.

*Ability to establish and maintain effective working relationships and communication with coworkers, representatives of other state and federal agencies and financial service providers.

*Ability to use calculators, personal computers, and application software.

*Necessary at Entry

Bachelor’s degree in business, finance, accounting or a closely related field as determined by the agency and eighteen months of experience in examination work. Additional experience in the areas listed above may be substituted for the required education as determined relevant by the agency.

NC: 09/01
REV: 7/03
REV: 08/05
REV: 06/08